What is a loan connection website?
A loan connection website connects your loan application to a lender based on the application details. You can use a loan connection website for free and get an immediate response to your application. Funds may be deposited in your bank account as soon as the next day.
What interest rates should I expect?
Interest rates will depend on the lender. Typically, you should expect an APR between 29.99% and 46.96%.
How does a loan connection website work?
A loan connection website allows you to submit a quick and simple application online. Upon evaluating the application details, the website will then connect your application to the appropriate lender. From there, you will be redirected to the lender’s website to proceed with the next steps.
How do I apply?
Just fill out a quick online application at LendProConnect. Applying has never been faster or easier.
What are the minimum requirements to apply?
Most lenders require that the applicant meet the following criteria:
- 18 years of age or older.
- Canadian citizen or permanent resident.
- Permanent address.
- Proof of consistent income.
- A valid Canadian bank account, which has been active for at least 90 days.
What happens after I apply?
After you apply, based on the application details, you will be redirected to a particular lender’s website to complete the process.
Will you check my credit score after I apply?
We don’t check your credit score or credit report during our simple online application process.
Will applying affect my credit score?
Applying will not affect your credit score. To monitor your credit score and automatically check for any mistakes on your credit report, sign up for Credit Verify! Registration takes only a few minutes.
How do I get my money?
The money will be deposited directly into your bank account or via e-transfer.
I have a poor credit score. Can I still apply?
A less-than-perfect credit score is not an obstacle to applying. We don’t check credit scores or credit reports during our online application process.
What types of loans do the lenders offer?
Most of our partners offer personal aka installment loans, which may offer lower interest rates and longer repayment periods than payday loans. Based on the details of your application, you may get connected with installment lenders or payday lenders.
Can I apply and not take the loan?
Yes, you can apply and not take the loan.
I’m a recent immigrant. Can I still apply?
Your immigration status does not affect your eligibility. You must be a Canadian citizen or permanent resident to apply.
I have a history of bankruptcy or consumer proposal. Can I still apply?
While it may be harder to get approved, a bankruptcy or a consumer proposal is not an automatic disqualification.
Can I apply with the lenders directly?
You can, but a loan connection website such as LendProConnect will automatically filter through the lenders based on your unique application details.
Do lenders accept government-supported customers?
As long as you can provide proof of consistent income, you can apply.
What documents do I need to apply for a loan via a loan connection website?
You are not required to upload any documents during our simple online application process.
When can I apply for another loan?
You can apply for another loan as soon as you finish repaying your previous one.
Is my personal information safe?
We use cutting-edge encryption technology to ensure that your information remains private and secure.
What repayment terms should I expect?
The repayment terms will depend on the individual lender. Typically, you will be required to pay back the loan in several installments, including any applicable fees or interest.
How do I make repayment on the loan?
Typically, you can set up either pre-authorized debit or make an e-transfer.
