So, how does it work?
Accessing funds has never been this easy.
4 Simple Steps
We start the process with our eligibility criteria, where you will be asked a series of quick questions to ensure you are eligible for our loans.
Next, you will be requested to create a free account on our loan platform.
In order to process your application, we will be asking you to submit the following documentation during the process.
- Government-issued ID
- Bank Verification
- Proof of Address
- Proof of Legal Status
- A free member account
- Void Cheque
If you have any problems providing the required documentation, or would like to discuss your unique situation with us, reach out to us here.
Want to apply for a loan?
Once we’ve assessed your eligibility, we continue with the Payment Capacity Assessment (PCA). Here we will review your banking information to ensure that you can comfortably afford the payments required for the loan that you have requested. We use a third-party application called Zumrails for the PCA.
If the Payment Capacity Assessment is positive, we run a ‘soft credit check’ to ensure that you have no consumer proposals or bankruptcies. For the ‘soft credit check’, we use a third-party vendor called Certn.
If we are satisfied with the results, we will approve your loan and continue with the rest of the process.
GET YOUR FUNDS DEPOSITED DIRECTLY INTO YOUR BANK ACCOUNT
Once approved, the money will be directly deposited into the bank account you provided us with.
Want to pay off your loan sooner?
You can always pay off the total remaining balance of your loan without any penalties or charges. You can only pay the full amount of your balance.
NEVER MISS A PAYMENT WITH A CONVENIENT DEBIT ORDER
Payments are automatically debited from your bank account either once per month or biweekly depending on your contract.
Your credit score remains unaffected by our loans and will be only impacted if you default on your payments. Should you foresee any problems with any of your payments, please contact us as soon as possible to discuss the options available to you.
Want to view your current balance?
Go to our customer portal
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