We’re so glad you asked! We think you’re really going to like the flexibility that a LendDirect personal line of credit provides. Who doesn’t like to be in control?
1. Apply Online
Fill out an online loan application within minutes. It’s a pretty easy form to fill out as long as you have the necessary information handy. You will need a valid ID, income and banking information.
2. Get a Credit Limit
If approved, we’ll provide you with a credit limit. Just like with a credit card, you can use as much or as little of your credit as you need.
3. Make Payments
While you have a balance on your line of credit, payments will be due around your pay cycle. We recommend that you make extra payments if you can (this will save you money on interest paid).
4. Get More Money
As the need for more money arises, you can withdraw money from your credit limit. It’s your credit limit so you can do this as often as you need, as long as you have available credit. And as you make payments, you can access more!
Old debts piling up? No matter where your debt came from, a personal line of credit could help you consolidate your debt.
Improve Your Home
Whether you need to replace an appliance, want to splurge for that granite, or are doing a full remodel, a personal line of credit allows you to borrow what you need, when you need it.
Cover that Large Expense
Whether you need to replace your transmission, or you’re looking to pop the big question, a line of credit could help you out. The large purchase is up to you, the money is up to us.
1 Create Your Account
The first step in our online line of credit application is to create your account. Don’t worry, this doesn’t commit you to anything. It simply allows you to come back and pick up right where you left off.
2 Provide Personal Information
The second step in our online application is to provide personal information such as your name, address, and phone number. This helps us verify your identity (and to make sure you’re not a robot ☺).
3 Enter Income Information
We understand that you need money, and we want to make sure that we help you get a loan that you can afford. The last thing you need are loan payments that don’t fit within your budget.
4 Sign Loan Documents
We will let you know if you’re pre-approved for a line of credit right away! If you are pre-approved, review the documents for your loan, and sign them to move forward with the application process.
5 Verify Your Income
As we mentioned above, we want to make sure that your loan is affordable. Verify your income to help us determine a loan amount that is right for you.
6 That’s It!
We will get back with you – typically within a few business hours, but as fast as 30 minutes – with a final lending decision. If you’re approved, we’ll let you know what your line of credit limit is (you can borrow as much or as little as you need, up to your credit limit). Then get your money in as little as 2 hours with Interac e-Transfer®!
Apply for a Personal Line of Credit up to $15,000
From Edmonton to Calgary and everywhere in between, we make it simple to apply for a line of credit online. Here’s a list of what you need to get started. Remember, starting your application doesn’t commit you to anything – the choice is yours.