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LoanConnect’s large database of lenders can finance a wide range of borrowers, from poor to excellent credit. You can get your loan as soon as the same day. LoanConnect is free to use and is available in all provinces.
Finder Rating: 4.6 / 5
6.99% - 46.96%
Max. Loan Amount
Min. Credit Score
Based in London, Ontario, LoanConnect is an online broker that is partnered with many lenders to help people find a loan. You fill out 1 application in less than 5 minutes to get matched with lenders that want to finance you. Lenders are generated based on your unique profile.
LoanConnect works with all types of borrowers. If you’ve been denied by banks or you’re carrying payday loan debt you’d like to get rid of, LoanConnect can help you find a loan. LoanConnect also has lender partners for prime borrowers looking for a low interest loan.
It is. LoanConnect is a registered business and is BBB-accredited with an A+ rating.
|Loan type||Secured or unsecured|
|Loan amount||$100 – $50,000|
|Loan term||3 - 120 months|
|Interest rate||6.99% - 46.96%|
|Serviced provinces||All provinces|
|Basic eligibility criteria||Currents debts must total less than 60% of income, min. credit score 300|
LoanConnect reviews have been mostly positive. Clients have commented that LoanConnect is knowledgeable, helpful and thorough.
|BBB customer reviews||4.64 out of 5 stars, based on 14 LoanConnect reviews|
|Trustpilot score||LoanConnect reviews not available|
|Customer reviews verified as of||May 19, 2022|
|Loan amount||$100 – $50,000||$300 – $50,000|
|Loan term||3 - 120 months||4 - 60 months|
|Interest rate||6.99% - 46.96%||5.4% - 46.96%|
|Fees||No application, origination or brokerage fees||No application, origination or brokerage fees|
|Serviced provinces and territories||All provinces||All of Canada|
|Basic eligibility requirements||Minimum credit score of 300||Minimum credit score of 300|
|Go to LoanConnect site||Go to Loans Canada site|
Follow these steps to get started with your loan application:
LoanConnect has an easy, simple application you can complete in less than 5 minutes.
The amount of money you’ll be able to save using LoanConnect depends on your unique financial situation along with other personal factors. That said, you’re bound to save a decent amount on interest alone just by comparing multiple lenders to find the best rates.
Just to be safe, you might also like to compare a couple of quotes from outside providers with the results you get from LoanConnect. This is because LoanConnect only advertises the rates of companies it works with, so it may leave out a handful of suitable options.
LoanConnect won’t usually interfere with how you spend the money you borrow, but may ask you to specify how you intend to use your loan. Some reasons you might like to borrow money include:
Once your money has been deposited into your account, you’ll be responsible for starting your repayments. You’ll usually pay your loan back through automatic withdrawals from your bank account.
You may want to set a budget to make sure you can afford your repayments. You’ll also want to understand what fees you might need to pay for services such as setting up your loan, or making late or early repayments.
LoanConnect provides a user-friendly online platform to help you compare lenders for your next personal loan. It’s a solid option if you’re looking for multiple loan offers for your unique financial situation.
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