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LendingMate Personal Loans

LendingMate provides loans to applicants with a co-signer for amounts up to $10,000 to help Canadians cover a wide range of expenses.

To be eligible for a LendingMate loan, you must have a co-signer who is willing and able to repay your loan in the event that you are unable.

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43% (British Columbia and Ontario) and 34.90% (Quebec)

Interest Rate


Max. Loan Amount


Min. Credit Score


Product NameLendingMate Personal Loan
Benefit DescriptionMin. credit score: 300
Interest Rate43% (British Columbia and Ontario) and 34.90% (Quebec)
Min. Loan Amount$2,000
Max. Loan Amount$10,000
Loan Term12 - 60 months
Turnaround TimeWithin 24 hours of getting a cosigner approved
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More Info
LendingMate offers Canadians loans from $2,000 to $10,000. LendingMate Personal Loans are currently available to residents of British Columbia, Ontario and Quebec. In addition to offering services in Canada, the international lender operates in the United States and the United Kingdom.

How does borrowing from LendingMate work?

You can apply for a LendingMate Personal Loan from $2,000 to $10,000 for a term of 12 - 60 months.

  • To apply for a LendingMate loan, you will need a co-signer. This person should be someone you trust, and someone who trusts you as they will be responsible for repaying your loan if you are unable to.
  • After you fill out an online application at the LendingMate website, the lender will send you a link for you to send to your co-signer. Your co-signer will have to fill out a small application form and confirm their details.
  • If your loan is approved, the funds will usually be deposited within 24 hours. Your loan will be deposited directly into your co-signer’s bank account. They can then transfer your funds to you or pay you in cash.
  • To repay your loan, LendingMate will set up a pre-authorized debit to take the money directly out of your bank account each month. If you are unable to repay your loan for any reason, your co-signer will be responsible for the repayments.

Features of a personal loan from LendingMate

LendingMate Personal Loans include the following features:

  • Unlimited early repayments. LendingMate allows you to pay back your loan early for no additional fee. This means you can pay off your loan as soon as you are able and save on interest. Keep in mind, all LendingMate loans have a minimum loan term of 12 months.
  • 24-hour funds. Your loan will most likely be paid out within 24 hours of acceptance. If you apply outside of business hours, this could take longer. The exact time the funds become available to you will depend on your bank.
  • Bad credit options. Having a low credit score will not eliminate you from qualifying for a LendingMate loan. As long as you are able to demonstrate an ability to repay your loan and meet LendingMate’s eligibility criteria, you can receive a loan.
  • High borrowing limit. You can borrow up to $10,000 from LendingMate to help cover a wide range of costs including vehicle repairs, debt consolidation, weddings and unexpected costs.
  • Flexible loan terms. You can borrow from LendingMate for a term of 12 - 60 months depending on your individual needs and financial circumstances.

How much will a LendingMate Personal Loan cost?

Applying for a LendingMate Personal Loan is free. All LendingMate loans have a 43% (British Columbia and Ontario) and 34.90% (Quebec) annual interest rate. The overall cost of your loan will depend on how much you want to borrow and how long you need to pay it back. If you are approved for a LendingMate loan, all fees and overall costs will be clearly outlined in your loan contract.

Ready to apply? Here’s how.

To make the LendingMate loan process as quick as possible, have all of your personal and financial details available and make sure your co-signer can be easily contacted.

Eligibility criteria

To be eligible for a LendingMate loan, you must meet the following criteria:

  • Have a co-signer who meets the minimum requirements
  • Be a Canadian resident
  • Be between 19 and 75 years of age
  • Have no active bankruptcy
  • Have no active consumer proposal
  • Demonstrate an ability to afford repayments without financial burden

Co-signer requirements

To be a co-signer for a LendingMate loan, you must meet the following criteria:

  • Be a Canadian resident
  • Be between 19 and 75 years of age
  • Not already a co-signer on another LendingMate loan
  • Not have a current LendingMate loan
  • Have a good credit history
  • Demonstrate an ability to repay the loan without financial burden

Required documentation

You may need the following details and documents to complete your application:

  • Personal information including your name, current address, mobile number, email and any government issued identification number
  • Co-signer details including bank account, title deeds, annual mortgage statement and debit card information

If you are interested in a LendingMate Personal Loan, click the green “Go to site” button above to begin your application.

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