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LendDirect Reviews, Ratings And Fees 2020

Based on 3
Customer Reviews
400 Carlingview Drive
Toronto, Ontario
M9W 5X9
  • Monday to Friday 8 am - 11 pm EST
  • Saturday to Sunday  9 am - 5 pm EST

Who Is LendDirect

A LendDirect Line of Credit is an unsecured personal loan product that qualified borrowers can use to access up to $15,000, on an ongoing basis with unlimited, no-fee cash advances. Although their business is primarily based online, they have several physical branches located throughout Southern Ontario and will also accept clients living in Alberta, British Columbia, and Saskatchewan.

If your application is accepted and you request a direct deposit, you can expect to receive your open-ended line of credit within one business day. However, if you apply during their standard Monday to Friday business hours and prefer an Interac e-Transfer, you might be able to collect your funding as little as 15 minutes following approval. The credit limit you’re eligible for will be based on your creditworthiness.

Personal Line of Credit Explained

1. Fill out and submit an application

A LendDirect personal line of credit application can be completed 100% online or at a local branch. When completing the application you will be required to provide income and bank information as well as personal information. 

2. Income verification

You will be asked to submit specific documentation to verify your income before a decision is made.

3. Receive a lending decision

Once your application is complete and all your documentation submitted, you will receive a decision from LendDirect.

4. Receive your money

You can choose to receive your money via direct deposit or Interac e-Transfer® to have access to it within two hours.

5. Start payment schedule

As you make regular on-time payments you can also choose to make larger payments to save on interest. 

6. Withdraw more cash

One of the biggest advantages of the LendDirect personal line of credit is that as you pay off your balance you’ll be able to access more money (up to your credit limit) through cash advances


Offered Services

Personal Line of Credit

  • Amount

    Up to $15,000

  • Interest rate

    19.99% APR

  • Available terms


  • Funding time

    In as little as 15 minutes with Interac e-Transfer

  • Funding method

    Interac e-Transfer (up to $10,000) Direct deposit

  • Repayment options

    Automatic debit

  • Eligibility

    Canadian citizen Between the ages of 18 and 70 Steady income Active bank account Credit check

  • Requirements / Documents

    Valid government-issued ID Proof of income


Reviews & Ratings

Is LendDirect legit or a scam? See what others have to say.

Great company, great service! Very happy with them from day one!

- Patricia Bartra (November 18, 2019)

This is a trusted service provider in Canada.

- Loans Canada (June 10, 2019)

Honestly it’s high interest rate but they were fast so I am happy

- Michael (June 10, 2019)

The provider displayed on this page has not endorsed this listing.

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