In this guide

  • Our verdict
  • Frequently asked questions
  • Your reviews
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Lenditt
Loan Amount
$250 - $1,500
Serviced Provinces
Ontario
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Our verdict

Apply from your phone and get a payday loan within minutes, but watch out for the high cost of borrowing.

Lenditt offers fast payday loans of up to $1,500. It's easy to apply through a user-friendly mobile app, and you can get approved and funded in a matter of minutes via e-Transfer. Lenditt also approves loans 24/7, ensuring that you can get fast access to cash when you need it.

But payday loans are extremely expensive and have short repayment periods, so it's essential that you consider all other options before deciding whether to apply. Lenditt currently only offers loans in Ontario, so residents of other provinces will need to look elsewhere.

In this guide

  • Our verdict
  • Frequently asked questions
  • Your reviews

What is Lenditt?

Lenditt is an online payday lender that offers loans ranging from $250 to $1,500 in Ontario. It offers a paperless application process via mobile app, available for an Android and iOS, with loan approvals provided 24/7.

Lenditt specializes in fast loans—you can get approved and funded within minutes. Loan funds are sent out via Interac e-Transfer, and there’s no need to provide collateral for your loan.

Payday loans have a maximum term of up to 62 days, but you’ll usually have to repay borrowed funds by your next payday.

Is Lenditt legit?

Lenditt Technologies Inc. is a fintech that was founded in 2023. It’s licensed as a payday lender in Ontario (licence number: 4741394). The company’s website displays its payday lending licence number, lists phone and email contact details and provides an office address in Orleans, Ontario.

Lenditt also maintains active social media profiles and lists terms and conditions and a privacy policy on its website. However, it is not accredited by the Better Business Bureau.

What we like about Lenditt

  • Fast access to funds. If your application is approved, loan funds are disbursed in minutes via e-Transfer. Learn more about instant loans.
  • 24/7 approvals. Lenditt accepts and approves loan applications 24 hours a day, 7 days a week, all year round.
  • Licensed payday lender. Lenditt Technologies is licensed and regulated as a payday lender in Ontario.
  • Easy application process. It’s quick and easy to apply for a loan via Lenditt’s user-friendly mobile app.
  • Paperless application. You won’t need to gather multiple pieces of paperwork to apply for a payday loan from Lenditt.
  • No collateral required. You don’t need to provide any assets as security to obtain a loan from Lenditt.

What to watch out for

  • Very expensive. The maximum amount a payday lender can charge you in Ontario is $15 for every $100 borrowed. Make sure you’re aware of the full cost of borrowing before you apply.
  • Short repayment period. Payday loans have a maximum term of 62 days but are typically designed to be repaid by your next payday. This short repayment period makes it very difficult to budget for the cost of paying off your loan.
  • Ontario only. Lenditt only offers payday loans in Ontario, so residents of other provinces and territories will need to consider other options.
  • Annoying website. Visit the Lenditt website and, after confirming that you live in Ontario, you’ll be greeted by a pop-up window requesting your name, email address and phone number. This makes it difficult to review loan and lender information on the website—which is important to do before providing your name and contact information.
  • May need to complete a credit check. When applying for a loan, you consent to the fact that Lenditt may use your personal information to obtain and update credit information about you from any credit reporting agency or credit bureau.
⚠️ Warning: Be cautious with payday loans
High-cost payday loans are unsustainable for borrowing over a continued period of time and are expensive as a means of longer-term borrowing. If you're experiencing financial hardship call Credit Counselling Canada for free financial counselling (Monday-Friday 8:00am-5:00pm at +1 866-398-5999). You may also want to consider payday loan alternatives. Maximum borrowing costs will vary by province. Review the maximum borrowing cost for your province before entering into a loan agreement.

Alternatives to Lenditt

iCash Payday Loan logo

iCash Payday Loan

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Loan Amount

$100 - $1,500


Loan Term

7 - 62 days


APR

Varies by province

Wagepay Wage Advance Loan logo

Wagepay Wage Advance Loan

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Loan Amount

$100 - $1,500


Loan Term

Up to 62 days


APR

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Credit Club Payday Loans logo

Credit Club Payday Loans


Loan Amount

$100 - $1,500


Loan Term

Up to 62 days


APR

Varies by province

Summary of Lenditt reviews

SiteDetails
Trustpilot3.2/5 stars, based on 1 review
GoogleNo Lenditt reviews available
Apple App Store4.2/5 stars based on 53 reviews
Google Play3.7/5 stars based on 203 reviews
BBB accreditationNo
BBB ratingF
BBB reviewsNo Lenditt reviews available

Reviews as of September 20, 2024

What do Lenditt reviews say?

There are limited customer reviews for Lenditt available online. However, its mobile app has generally received positive reviews, with users praising the quick and easy application process along with helpful customer service. Negative Lenditt reviews mention being declined for a loan.

How to get a payday loan from Lenditt

You need to meet the following criteria to qualify for a loan:

  • Canadian citizen
  • Aged 21 to 64
  • Employed in a salaried position
  • Provide bank statements showing three months of employment history
  • Have a chequing or savings account

Complete the following steps to get a Lenditt loan:

  1. Download the Lenditt app from the Apple App Store or Google Play.
  2. Create an account.
  3. Enter your personal information, employment details and financial information.
  4. Provide your bank account information.
  5. Choose the loan offer you want.
  6. Provide proof of ID, such as a driver’s licence or passport.
  7. Get funded.

Bottom line

If you need a 24/7 payday loan in Ontario, Lenditt is well worth a look. It offers a simple application process and fast access to funds, helping you get through to your next payday. But payday loans are extremely expensive, so make sure you consider all other options before applying. If you’re not in Ontario, you’ll need to search for other lenders.

Frequently asked questions

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