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!
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.
1 Create Your Account
Creating your online account is the first step during the application process. Think of this as our first date – there’s no commitment, we’re just setting things up so you can come back if you choose to leave.
2 Provide Personal Information
Security and fraud are top of mind for us, because we know they are top of mind for you. To help limit the chance of fraud, our next step is to collect some personal information from you to verify your identify.
3 Enter Income Information
We understand that receiving your money quickly is a top priority, which also makes it a top priority for us. And our number one priority is to quickly get you a loan that you can afford. Provide your income information so that we can determine a credit limit amount that you can afford.
4 Sign Loan Documents
After submitting the application, we will let you know if you’re pre-approved for a line of credit right away. If you are pre-approved, review your loan documents, and sign them to move forward with the application process.
5 Verify Your Income
We understand that the need for an affordable financial solution is important. Therefore, 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!
Typically, we will get back with you within a few business hours, but a final lending decision can be provided to you in as little as 30 minutes. If you’re approved, we’ll let you know what your line of credit limit is. 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
When the bank says no, British Columbia residents choose LendDirect. We make it simple to apply for a line of credit online – no matter if you’re in Surrey or Kamloops, or anywhere else across British Columbia! 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.