Quick Funding Method
Interac e-Transfer® allows us to deposit money directly into your bank account in as little as 2 hours.
Loan Protection Coverage
In the event of something unexpected, optional Loan Protection makes sure your payments will still be made.
No Cash Advance Fees
Only pay interest on the amount you choose to withdraw while taking out as many cash advances as you need - with absolutely no withdraw fees.
The flexibility of a personal line of credit gives you the freedom to use your funds as you need it, when you need it.
Fill out an application either online or at your nearest Toronto LendDirect branch. As long as you have the necessary information handy, it’s a pretty easy form to fill out. You will need a valid ID, income and banking information.
2. Get a Credit Limit
If you're approved you will receive a credit limit. After that, simply choose the amount you would like to withdraw and the money will be sent straight to your chequing account.
3. Make Payments
Payments can be conveniently based around your pay cycle. We always recommend making an extra payment here and there if you can (this will save you money on interest paid).
4. Get More Money
As you make your payments LendDirect's unique personal line of credit allows you to access more money. Simply take out a cash advance up to your credit limit, as often as you like.
Do you have old debts and new bills that keep piling up? No matter where your debt came from, a personal line of credit can help you escape debt by consolidating into one payment.
Our homes are an important aspect of everyone's life. A personal line of credit allows you to make additions or upgrades to your home now and pay for it over time. Borrow what you need and then use it when you need it.
Cover that Large Expense
Whether you need a new home appliance, or you need to make a down payment on a new or used vehicle, a line of credit could help you out. That large purchase is up to you, lending you the money is up to us.
1 Create Your Account
Creating your online account is the first step in the online application process. This does not commit you to anything, so there's nothing to worry about. It simply creates a spot for you to come back and pick up right where you left off.
2 Provide Personal Information
Next, we'll need to take some steps in order to verify your identity (we need to make sure you're not a robot). This will be basic information such as your name, address, and phone number.
3 Enter Income Information
Providing your income information will help us ensure that you receive a personal line of credit that fits your personal goals. Your income information also helps expedite the loan application process so that you can receive your funds as quickly as possible.
4 Sign Loan Documents
After signing your loan documents, we will let you know if you're pre-approved for a line of credit as soon as the loan application process is complete. If you are pre-approved, review the documents for your loan, and sign them to keep the process moving.
5 Verify Your Income
Providing you with an affordable loan is a major focus for us. Verifying your income will help us determine a loan amount that is right for you.
6 That’s It!
Once the application is complete 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. After that, get your money in as little as 2 hours with Interac e-Transfer®!
Whether you're applying online or stopping into one of our Toronto branches to apply, make the process even smoother by having these items handy.
Apply for a Personal Line of Credit up to $15,000