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.
With a clientele of over 900,000 members Canada-wide, Mogo Finance Technology Inc. is a large lending institution based out of Toronto, Ontario. They aim to help Canadians rule their finances by offering a wide variety of financial options that allow them to navigate through life’s most stressful situations.
Consumers can take advantage of Mogo’s comprehensive list of products and services, including but not limited to:
Depending on which product or service you’re looking to apply for, qualifying may require several different steps. Take a look at their website to learn what it takes to become a Mogo member.
Like many lenders, Mogo’s services are largely based online. While they are a popular lending business, they do not operate in every province or territory in Canada. So, if you’re looking to qualify for one of their products or services, you’ll first have to be a permanent resident of one of these areas:
At the moment, the only province that Mogo does not operate in is Quebec. To be eligible for any of their loans or other products, you must also be past the age of majority in your province/territory (18-19+).
Other documents you may need to qualify with Mogo include:
Since Mogo reports their clients to Equifax, one of Canada’s main credit bureaus, they may also perform a credit check when you apply. This is so they can determine how good you’ve been at paying your previous debts and whether you’ve been involved with any recent delinquencies, such as a consumer proposal or a bankruptcy.
Although plenty of Canadian lenders offer similar products and services, applying for a personal loan through Mogo may work to your advantage because:
Mogo Finance offers several personal loan products that can vary greatly in size, repayment time, and overall price. For instance:
The final cost of your Mogo loan may also change depending on:
Before you apply for a Mogo personal loan, be sure to consult a sales representative about all the costs involved, then factor them into your budget to confirm that they are affordable when coupled with your other monthly expenses.
Best use of mobile technology
One of Canada’s Top 15 Growth Companies
Finalist in marketing category
Loan Range | Rate & Terms | Product Details | Eligibility | Requirements & Documents | |
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Mortgage | - |
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Personal Loan | Up to $35,000 |
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MOGO has a wide offering of products and services from personal loans to mortgages. Its website and app are very user-friendly. It caters to the millennial crowd, so it’s quite responsive on social media and on the chat service on its website. Its application process was pretty easy and straightforward, although be sure to read the fine print to understand what you’re signing up for.
Application simplicity
Reputation
User experience
Information and transparency
Accessibility
Their site compares their loans to payday loans and shows theirs as 19.9% interest but when I contacted them and asked the interest rate they told me ... read more
Very simple process and great people, answered all my questions.
The. Best
I borrowed funds, had some issues with communication at first, but the funds came through, I was able to pay Mogo back in full, I just notified them, ... read more
Looks good and it is good.
Wasted my time and said I was approved, it was for an emergency and its high interest and a scam that they say you are approved and your not , donR... read more
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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.
All consultations and conversations with Loans Canada and its partners are confidential and risk-free. Speak with a trusted specialist today and see how we can help you achieve your financial goals faster. Loans Canada and its partners will never ask you for an upfront fee, deposit or insurance payments on a loan. Loans Canada is not a mortgage broker and does not arrange mortgage loans or any other type of financial service.
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