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.
Lendle is a Canadian lender in the alternative lending industry. It’s based in Canada and serves borrowers across North America (except residents of Quebec). Lendle was established to challenge the traditional lending industry by providing financial products that are more easily accessible, flexible, and affordable for the underbanked. The firm is also one of the few that does not charge interest on personal loans, nor are there any credit checks required.
As such, Lendle is ideal for those who are just starting to build credit or who are trying to repair damaged credit.
Lendle offers a variety of financial products, including personal loans, credit builder loans and secured credit cards.
Lendle offers personal loans with a twist. Rather than charging borrowers interest on the loan, they’re simply required to pay a one-time administrative fee which is included in their repayments. Borrowers can access between $100 to $2000 with no credit checks to cover any expense they need. Borrowers also have the freedom to choose their repayment schedule. Choose a repayment start date and payment structure.
There are plenty of reasons why you may want to consider using Lendle when applying for your next personal loan:
Having bad credit or no credit at all can make it nearly impossible to secure loans and credit products, like mortgages, car loans, or credit cards. To help establish or repair credit, Lendle offers consumers with bad or no credit its “credit builder” loan, which is designed specifically to help establish healthy credit. With this loan, Lendle will extend $100 to you, with a payback of $10 per month (for a total payment amount of $120). These payments will help you build your payment history which can give your credit scores a boost.
The credit builder loan can be a great option to build credit as you don’t need to take out a significant loan amount to build your credit, which can help ease your debt burdens. Plus, you won’t have to undergo a credit check which can negatively impact your credit.
Lendle Personal Loans | Lendle Credit Builder Loan | |
Loan Amount | $100 – $2,000 | $120 ($100 + $10 payback amount) |
Interest Rate | 0% | 20% APR |
Term Length | 3- or 6-month terms | 12-month term |
Admin Fee | One-time fee (amount not specified) | One-time fee (amount not specified) |
Extra Features | – Simple application process takes no more than 5 minutes – No credit check – Government assistance counted as income – No collateral required – Approval within 24-48 business hours – Receive your funds within 4 business days | – Simple application process takes no more than 5 minutes – No credit check – Government assistance counted as income – No collateral required – Approval within 24-48 business hours – Receive your funds instantly via e-Transfer |
The Lendle Revamp Mastercard is a secured credit card that will help you establish or repair your credit. You can use it for everyday purchases and will receive a 0.5% cashback reward with each transaction. Like Lendle’s personal loans, the Lendle Revamp Mastercard comes with zero interest, helping you keep more money in your pocket each month.
Instead, the card has an annual fee of $120 which is broken into twelve $10 monthly payments. Moreover, these payments are reported as your minimum payment to the credit bureaus, allowing you to carry your credit card balance forward without incurring any interest any penalties for missed payments.
Lendle’s Revamp credit card comes with the following benefits:
Credit Limit | Not specified |
Annual Fee | $120 |
Interest Rate | 0% |
Minimum Payment | None ($10 per month paid towards $120 annual fee) |
Fees | 0% on balance transfers and cash advances |
Cash back | 0.5% |
Extra features | – Fraud protection – Timely payments reported to credit bureaus – Guaranteed annual credit limit increase of $200+ per year with timely payments |
To be eligible for a Lendle loan, Lendle will look at the following factors:
To help Lendle accurately assess your financial and credit strength, the following documents are required (which can be uploaded online):
Applying for a loan with Lendle is easy. Simply follow these steps to apply for a loan with Lendle:
To start the online loan application process with Lendle, you’ll first need to create an account with the following information:
Once you’ve agreed to the Terms of Service and Privacy Policy, your Lendle account will be the online portal through which to apply for your loan.
Complete all areas of the application form and upload all required documents as listed above. Then, you’ll choose your terms and agreement.
After you submit your application, it can take up to 3 days before you receive a response. If approved, you’ll receive your funds within the same day or up to 4 business days at most.
There are several reasons why you may want to consider using Lendle for your next loan:
Whether you’re looking for a quick and convenient way to apply for a small personal loan or want a product that will help you build a healthy credit profile, Lendle has what you need. What’s more, there’s no interest to worry about, no credit checks performed, and everything can be done from the comfort of your home. If you need a personal loan or credit-building card, look into Lendle.
Loan Range | Rate & Terms | Product Details | Eligibility | Requirements & Documents | |
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Credit Builder Loan |
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Personal Loan |
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Great Company , Love their Customer service and their ability to resolve your concerns
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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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