Am I guaranteed to be approved if I apply for a loan with Loans Canada?

Not necessarily. While there's a good chance that you will be matched with at least a couple of lenders who are willing to finance you, there are some situations where you might be denied. You may want to call Loans Canada directly to get more information about why you were turned down for a loan if this is the case. Consultations with Loans Canada are confidential.

How much does a loan with Loans Canada cost?

Loans Canada is a loan search platform and does not fund loans directly. You can use its platform for free to search for lenders. Once you sign with a lender, you'll pay interest on the loan. Interest rates vary based on your credit score, the term of your loan and how much you borrow. Loans Canada's lender partners have interest rates that range from 9.99% - 35.00%<span class="table-popover" rel="popover" data-content="Interest rates shown reflect the Annual Percentage Rate (APR) range currently advertised by the lender and are subject to change anytime, without notice. Finder does not guarantee that the figures shown will continue to be accurate or current. Figures shown are solely intended to be indicative and for general informational purposes only. Confirm the actual rates currently offered with the lender directly. Your exact rate, if any is offered to you, will be determined solely by the lender based on its assessment of your loan application, which is subject to the lender’s terms and conditions and credit criteria." title="" data-original-title=""> .

Can I get a loan from Loans Canada if I have bad credit?

Yes. The lenders that work with Loans Canada personal loans tend to look at factors like your income and job stability to determine your loan eligibility. Your credit score and bankruptcy history may factor into your loan decision, but it typically won't prevent you from getting a loan.

How do I make my loan repayments to Loans Canada?

You'll begin to make repayments once you've settled on a loan provider and money is deposited into your account. In most cases, you'll sign up for automatic withdrawals so your cash will be automatically taken out of your account at the same time every month.

Does Loans Canada offer bad credit loans?

Yes, Loans Canada works with partners who offer bad credit loans. It has a minimum credit score threshold of 300, so customers with any credit score can apply.

How do loan search platforms like Loans Canada work?

Loan search platforms, including Loans Canada, work by using one application you complete to match you with a selection of lenders that will be interested in lending to you. These loan search platforms don't lend any money themselves. Instead, they help connect borrowers with lenders who could be a good fit based on each borrower's unique financial situation.