Loans Canada Launches Free Credit Score Portal And Is Recognized As One Of Canada’s Top Growing Companies
Loans Canada is pleased to announce it placed No. 131 on the 2022 Report on Business ranking of Canada’s Top Growing Companies.
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.
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.
You will be asked to submit specific documentation to verify your income before a decision is made.
Once your application is complete and all your documentation submitted, you will receive a decision from LendDirect.
You can choose to receive your money via direct deposit or Interac e-Transfer® to have access to it within two hours.
As you make regular on-time payments you can also choose to make larger payments to save on interest.
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
A personal line of credit from LendDirect can be used any way you want to cover any expense you might be facing. Even those that are unexpected like a car repair or a medical emergency. No matter what your reason is, LendDirect’s personal line of credit can help you reach your financial goals by consolidating your debt, paying for unexpected expenses or covering any large purchases.
Paying your bills is necessary to keep your finances and thereby life, under control. However, oftentimes, life will throw you hurdles that will make it hard for you to keep up with your expenses. With LendDirect’s personal line of credit, you can manage any hitch that comes your way.
Credit card debt tends to accumulate quickly because it’s so easy to spend more than what you have budgeted for. To help pay down your credit card debt and reach your financial goals, try consolidating your debt with a personal line of credit. This will allow you to turn all of your credit card payments into one singular manageable payment with one interest rate.
Car repairs, plumbing problems, roof leaks, medical emergencies are all potential reasons you may need a personal line of credit. No matter what the expense is, LendDirect can help you finance it.
Luckily, qualifying for a personal line of credit through LendDirect seems fairly straightforward and the whole application process can be completed within a few minutes. If you’re confused about how the procedure works, all you have to do is check out their website, send them an email, or speak to their customer service.
Otherwise, there are some basic requirements you’ll need to pass in order to qualify with LendDirect, such as:
Once you’ve been approved, you will typically receive your loan within the same day, which you can accept via direct deposit or Interac e-Transfer. That said, it may take a bit longer if you apply outside of their designated business hours. From that point on, you will have access to a line of credit with an open-ended repayment term.
As mentioned, prospective clients can apply with LendDirect using their webpage or at one of their branches in Southern Ontario. While it can take a couple hours to process and approve your line of credit when you apply in person, you may get confirmation within 60 minutes if you do it online, which doesn’t require any faxing or phone calls.
If you apply at a LendDirect branch, you may need to provide the following personal and financial documents:
Although filling out your LendDirect application is easy enough, it’s important to keep in mind that you will usually be able to access the best approval chances, interest rates, and credit amounts when you apply with a good income and other financial merits.
No matter which lender you’re applying with, it’s always smart to speak with a customer service representative and find out everything you can about the products they offer before making your final decision.
A line of credit from LendDirect offers a wide variety of benefit including but not limited to:
Loan Range | Rate & Terms | Product Details | Eligibility | Requirements & Documents | |
---|---|---|---|---|---|
Personal Line of Credit | Up to $15,000 |
|
| Canadian citizen Between the ages of 18 and 70 Steady income Active bank account Credit check | Valid government-issued ID Proof of income |
They really help you in times of need. Thank you guys. A special thanks to Karla working at the Brampton location. Great customer service.
Fantastic customer service representative at the Brampton location who stayed late after the facility had closed to complete the process of my applica... read more
Excellent customer service. 19.99% interest may be high but not as high as other places. Representatives are always friendly and courteous and knowled... read more
Great company, great service! Very happy with them from day one!
Customer service was really great, were really helpful!
Honestly it’s high interest rate but they were fast so I am happy
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Loans Canada is pleased to announce it placed No. 131 on the 2022 Report on Business ranking of Canada’s Top Growing Companies.
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