Ok, so how does this line of credit work again?
We’re glad you asked! We think you’re really going to like the options and flexibility that a LendDirect personal line of credit provides.
1. Apply Online
Fill out an online loan application in as little as a few minutes. The application is a breeze 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. Your loan will remain open as long as you need it.
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 (to save 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
LendDirect is a trusted source for debt consolidation. No matter where your debt came from, a personal line of credit could help you settle those pesky, unwanted debts.
Improve Your Home
The unexpected happens. We understand that. Whether you need a new roof or you want to splurge for that granite countertop, a personal line of credit allows you to borrow what you need, when you need it.
Cover that Large Expense
Did your car break down? Are you thinking about popping the big question? A line of credit could help you cover certain large expenses. The purchase is up to you, leave the money 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 a British Columbia resident 18 years of age or older
An open chequing account in your name
Proof of recurring income