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LendDirect Line of Credit review

Enjoy flexible repayment options with a personal line of credit from LendDirect.

If approved, receive access to funds in as little as 15 minutes.
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19.99% - 46.93%

Interest Rate


Max. Loan Amount


Min. Credit Score


Product NameLendDirect Line of Credit
Interest Rate19.99% - 46.93%
Min. Loan Amount$100
Max. Loan Amount$15,000
Loan TermNo end dates
Turnaround TimeWithin 2 hours with INTERAC e-Transfer®
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LendDirect offers customers a personal line of credit with the option to borrow up to $15,000. LendDirect offers ongoing access to credit with unlimited, no-fee cash advances, flexible payment options and the option to apply 100% online. LendDirect refers to their product offering as both a line of credit and a personal loan. Read on to see how it works.

What is a personal line of credit from LendDirect?

Unlike a traditional installment loan, a line of credit (also referred to as a “flexible personal loan” by LendDirect) gives you ongoing access to credit without the need to reapply each time. You can use the personal line of credit from LendDirect for anything like paying for a large purchase, covering unexpected bills or consolidating your debt.

How does borrowing from LendDirect work?

You can apply for a personal line of credit online at or in person at a branch. After filling out your personal information, you’ll need to supply information about your income and banking details. Once you’ve disclosed this information, your application will be assessed and you’ll receive a lending decision typically within 24 hours. Applications submitted outside of company business hours will be processed the next business day.

If your application has been approved, your loan will be funded using Interac e-Transfer, where you will typically receive the money in 15 minutes.

Once you have your personal loan, it acts like a line of credit, so you can take money up to your approved credit limit whenever you need it. You’ll be charged daily interest, meaning you only get charged for the time you use the money. If you choose to take out a line of credit loan with LendDirect, you’ll have a fixed interest rate.

Features of a personal line of credit from LendDirect

LendDirect generally offers the following with a personal loan:
  • 100% online application – Apply for a line of credit loan without leaving your house.
  • Cash advance options – Get a cash advance up to your approved credit limit any time you need
  • Fast turnaround time for personal loans, which generally take less than an hour if you apply during business hours.
  • Automatic repayments can be set up.
  • Repayments will be direct debited from your account on the agreed dates.
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How much will the loan cost?

It’s important to understand the cost of any financial product, both what you will pay in fees and interest and what you might pay if you are late with your repayments.

The amount you borrow will determine your loan repayments. If approved, you will receive information regarding your loan repayment terms.

Ready to apply? Here’s how.

In order to be eligible for a loan, you need to:

  • Be a Canadian citizen with a valid ID
  • Be 18 to 70 years old
  • Have an open chequing account in your name
  • Earn a minimum net income of $1,500 monthly
  • Not on government assistance
  • Provide a working phone number and email address

You’ll need the following details to complete your application:

  • Online banking details including your branch transit number, financial institution number and bank account number.
  • Personal details, including your name, address, email and phone number.
  • Proof of your recurring income. You’ll need to provide your annual income and pay cycle frequency.

The online application is quick and once your information is submitted you will receive a lending decision. It’s possible to receive your personal loan decision within 24 hours if you apply during business hours. If not, your application will be processed on the next business day.

If you’re interested in a personal loan up to $15,000, LendDirect is an option for you to consider.

Apply now for a personal line of credit from LendDirect

1 - 1 of 1
Name Product Interest Rate Loan Amount Loan Term Requirements Link
LendDirect Line of Credit
19.99% - 46.93%
$100 - $15,000
No end dates
Requirements: min. income $1,500/month, min. credit score 560
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More Info
If approved, receive access to funds in as little as 15 minutes.

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Frequently asked questions

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