LendDirect personal lines of credit work similarly to a credit card. Apply just once, and if approved, you have access to take cash advances as often as you'd like up to your credit limit.
Your Personal Loan Explained in 6 Simple Steps
1 Complete your application
You can complete your loan application 100% online, or by visiting a LendDirect branch. When applying, you will need to provide personal, income & bank account information.
2 Verify your income
Submit documentation verifying your income to receive a lending decision.
3 Receive a lending decision
After submitting your application and income verification, we will provide you with a lending decision.
4 Receive your money
Have your money direct deposited into your chequing account, or select to receive funds via Interac e-Transfer® to get your money in 2 hours or less.
5 Make payments
Make regular payments over time, with the option to pay more than the minimum amount due to save on interest paid.
6 Withdraw cash
As you pay down your balance, you can get additional cash advances up to your approved credit limit.
There's no need to visit a branch, LendDirect offers an application that you can fill out completely online.
Get started with:
Basic personal information
(must be 18 years old to apply)
Open bank account
in your name