How does this line of credit thing work, anyway?
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!
A Personal Line of Credit for Personal Use
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.
Our Online Loan Application Process
1 Create Your Account
2 Provide Personal Information
3 Enter Income Information
4 Sign Loan Documents
5 Verify Your Income
6 That’s It!
Take Control of Your Finances
Apply for a Personal Line of Credit up to $15,000
What do I need to start my online application?
Valid ID showing you’re an Alberta resident 18 years of age or older
An open chequing account in your name
Proof of recurring income