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.
Can’t get approved for a loan by your bank because of bad credit? Loanz could be the answer to your borrowing troubles.
They make getting approved for a loan easy and also provide immediate approvals and make funds accessible within minutes.
Let’s take a closer look at Loanz to help you decide if this is the right lending platform to apply for your next personal loan.
Loanz is an online lender that offers personal loans that you can get in as little as 15 minutes after approval.
The founders of Loanz created the lending platform to provide Canadians with alternative options to get their hands on the cash they need without all the hurdles that often come with traditional loan channels. The Loanz lending process is entirely digital, so Canadians can apply for a loan from their computer or mobile device without having to physically visit a lender.
Applicants can use the funds from their personal loan for any purpose, including making a large purchase, covering the cost of an urgent expense, or consolidating debt.
Loanz offers unsecured personal loans:
There are a few key reasons why you may want to apply for your next personal loan through Loanz:
Along with the benefits, there are a couple of drawbacks to consider as well:
The cost to borrow from Loanz depends on 3 key factors:
Let’s illustrate how much a personal loan could potentially cost you based on specific metrics. Suppose you apply for a $5,000 loan with a 35% interest rate on a 2-year term. Here is what you can expect your loan to look like:
Loan Amount | $5,000 |
Interest rate | 35% |
Term | 2 years |
Monthly payment | $292.59 |
Total paid | $7,022.23 |
Total interest paid | $2,022.23 |
Applying for a personal loan with Loanz is easy. Just follow these 3 simple steps:
Fill out the online application, and choose your loan amount and term.
This optional step allows you to connect your banking details which will allow Loanz to verify your financial status and qualifications for a loan. You can skip this step if you choose, but this will make the process take a little longer. In turn, you won’t receive your funds as quickly.
You’ll have the chance to go over your loan terms before you accept. Shortly afterward, you’ll receive your funds. In fact, the funds are available to you within 15 minutes after approval.
Eligibility requirements for a personal loan with Loanz are as follows:
You’ll also need to provide the following documents:
Loanz is a good option for anyone who can’t get approved for a personal loan through traditional channels because of bad credit or other financial issues.
If you have had trouble getting approved for a personal loan through traditional channels because of bad credit or other financial issues, you may have better luck with Loanz. This platform is designed for borrowers who are in need of quick funds but don’t meet the eligibility requirements of banks and credit unions. That said, keep in mind that the interest rates can be very high, which can make your personal loan very expensive.
Loan Range | Rate & Terms | Product Details | Eligibility | Requirements & Documents | |
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Personal Loan |
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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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