Frequently asked questions

General
Can I apply without a credit check?

Certainly! As a standard practice, our processing methods do not involve a credit check; instead, they are solely based on your bank statement and employment status.

Do I need to use a suretyship?

You can use the suretyship that we are used to work with or your own. You can also opt not to enter into a contract with a suretyship, but we will have to analyse your application and we will have to do a credit check.

What criteria do I need to meet to be eligible to apply?

To qualify for a loan, you must meet the following criteria:

  • You should be a Canadian citizen.
  • You must be at least 18 years old.
  • You need to have a minimum monthly income of $1,200, received through checks, e-transfer, or direct deposits from your employer.
  • You should have reliable employment with at least 3 months of continuous employment.
  • You must own a Canadian bank account in which your pay is received through direct deposit, e-transfer or checks, and the account should have been active for at least 3 months.
  • You should not be on the verge of bankruptcy or about to enter a consumer proposal.
  • You should have a low or no history of insufficient funds transactions.
  • Your short-term debt ratio, including other active short-term loans, should be low.

Please note that the following income sources are NOT accepted:

  • Social assistance
  • Student loans
  • CPP (Canada Pension Plan)
  • Child tax benefits
  • Private pensions
  • Disability payments
  • Other income from insurance
What is a Paperless application?

Our offering stands out for its paperless approach, which eliminates the need for any physical documents. It incorporates instant verification and e-signature capabilities. By providing us with secured view-only access to your account, you can have your loan application approved without the need of submitting paperwork.