6 loans like LendDirect

LendDirect is an alternative lender that offers lines of credit to borrowers who may not get approved by banks or credit unions. Its loan rates range from 29.99% - 46.93%, and you can withdraw as much or as little as you need based on your approved limit.

It’s a legitimate option if you’re looking for an online line of credit, but if you’d like to explore loans like LendDirect, check out our list below.

6 loans like LendDirect

• Fora
• Mogo
• Loans Canada
• LoanConnect
• Nyble
• Cash Money

1. Fora

Finder Score:

★★★★★

Go to site Read review

$1,000 – $10,000
Loan amount

19.9% – 46.9%
APR

Open
Term

• Our Take
• Pros + Cons
• Details

Fora is a fairly new lender of lines of credit in Canada. Its rates and loan amounts are similar to LendDirect, and it's possible to get approved with a low credit score. Once you're approved, you can get your funds as soon as the same business day.

• Fast decisions and funding
• No extra fees

• High rates

Loan amount	$1,000 – $10,000
APR	19.9% – 46.9%
Term	Open
Fees	$0
Serviced provinces	AB, BC, NB, NS, ON and SK

2. Mogo

Finder Score:

★★★★★

Customer Survey:

★★★★★

Go to site Read review

$1,000 – $3,500
Loan amount

Up to 47.42%
APR

No end dates
Term

• Our Take
• Pros + Cons
• Details

Mogo is a Canadian fintech company that's been in business since 2003. Its MogoMini line of credit is designed for borrowers who want to avoid payday loans but can't get approved for loans with lower interest rates.

• Preapprovals with no impact to credit score
• Potentially cheaper than payday loans

• High interest rates

Loan amount	$1,000 – $3,500
APR	Up to 47.42%
Term	No end dates
Min. credit score	600
Fees	None
Serviced provinces	BC, AB, SK, MB, ON, NB, NS, NF, PEI, NU, NT

3. Loans Canada

Finder Score:

★★★★★

Customer Survey:

★★★★★

Go to site Read review

$5,000 – $35,000
Loan amount

9.9% – 21.5%
APR

Open
Term

• Our Take
• Pros + Cons
• Details

Loans Canada is a loan search platform with a large network of lenders, including those that offer loans like LendDirect. Submit one application to get matched with lenders.

• Get connected to lenders that match your profile
• Fast preapprovals

• Not a direct lender
• Your options are limited to its network

Loan amount	$5,000 – $35,000
APR	9.9% – 21.5%
Term	Open
Min. credit score	300
Fees	No application, origination or brokerage fees
Turnaround time	Receive funds within as little as 24 hours.
Serviced provinces	All of Canada

4. LoanConnect

Finder Score:

★★★★★

Customer Survey:

★★★★★

Go to site Read review

$500 – $50,000
Loan amount

19.99% – 46.96%
APR

Open
Term

• Our Take
• Pros + Cons
• Details

LoanConnect is another loan search platform that can help you find a line of credit through its network of lenders. You can apply online within minutes and get matched with a suitable line of credit lender. LoanConnect works with borrowers with all types of credit.

• Get connected to lenders that match your profile
• Fast preapprovals

• Not a direct lender
• Your options are limited to its network

Loan amount	$500 – $50,000
APR	19.99% – 46.96%
Term	Open
Min. credit score	300
Fees	No application, origination or brokerage fees
Turnaround time	Receive funds within as little as 24 hours.
Serviced provinces	All provinces.

5. Nyble

Go to site Read review

$30 – $150
Loan amount

Starting at 0%
APR

30 days, extendable
Term

• Our Take
• Pros + Cons
• Details

Apply online for an interest-free line of credit of up to $150 to cover small expenses and build your credit. Get funds in 1-3 business days with a free account. For $11.99 per month, get access to premium services, including funding in 1-30 minutes, a free Equifax credit report and identity theft protection.

• Easy application process
• No credit checks
• No interest
• Can improve your credit score
• Roll over your loan

• Loan amount may not be enough for your needs
• $11.99 per month for fast transfers and other premium perks

Loan amount	$30 – $150
APR	Starting at 0%
Term	30 days, extendable
Fees	0% interest and no fees to access credit, optional $11.99/month membership for premium services like instant funding
Turnaround time	1-30 minutes with a paid membership or 1-3 business days with a free membership.
Serviced provinces	All provinces and territories

6. Cash Money

Finder Score:

★★★★★

Read review

$500 – $10,000
Loan amount

Up to 46.93%
APR

No end dates
Term

• Our Take
• Pros + Cons
• Details

Cash Money is an alternative lender that has been in business for decades. You can apply for Cash Money's line of credit if you live in AB, BC, MB, NB, NL, NS, ON & SK, and you can get a fast decision. Cash Money and LendDirect are owned by the same company.

• Fast approvals
• Fast funding

• Not available in all provinces
• High cost of borrowing

Loan amount	$500 – $10,000
APR	Up to 46.93%
Term	No end dates
Min. credit score	600
Fees	Establishment fees, missed payment fees and default penalty fees may apply.
Turnaround time	Get access to funds anytime once approved
Serviced provinces	AB, BC, MB, NB, NL, NS, ON & SK

How does LendDirect compare?

You can read our LendDirect review for details, but here are the highlights:

Bad credit installment loans vs line of credit loans like LendDirect

If you have a low credit score and looking to get a loan online, installment loans are another option. Many installment loans online are easier to get than lines of credit. However, they offer less flexibility with repayments since they require regular fixed payments.

How do I sign up for loans like LendDirect?

Loans like LendDirect require the following information:

• Basic personal information
• Active bank account
• Steady source of income paid into your bank account

To sign up, provide your name, address, phone number, email, employment details and housing status. Then you’ll verify your income and identity by either going through instant bank verification or by emailing bank statements and proof of employment.

Bottom line

LendDirect is an alternative lender of lines of credit in Canada, allowing you to withdraw as much as you need up to your limit. If LendDirect is not an option for you, loans most similar to LendDirect that you can consider include Fora, Mogo and Cash Money. All these lines of credit have higher interest rates than lines of credit you’d get from a bank or credit union. If you get this loan, it’s important to avoid overspending and to pay off the balance as soon as possible.

Written by

Leanne Escobal

Publisher

Leanne Escobal is a publisher for Finder. She has spent over 11 years working with financial products and services, specializing in content and marketing. Leanne has completed the Canadian securities course (CSC®) as well as the personal lending and mortgages course by the Canadian Securities Institute. She has a Bachelor of Arts (Honours) in English literature and creative writing from Western University. See full bio