How does a line of credit from LendDirect work, anyway?
We’re glad you asked! The flexibility that a LendDirect personal line of credit provides gives you the freedom to take control of your finances, and who doesn’t like to be in control?
1. Apply Online
We aim to make our online application process as simple as possible. As long as you have the required information handy, you can typically complete the application in a matter of minutes. You will need a valid ID, income and banking information.
2. Get a Credit Limit
If your application for a line of credit is approved, we will provide you with a credit limit. Similar to a credit card, you can use as much or as little of your credit as you need.
3. Make Payments
Payments are generally due around your pay days. We do recommend that you make an extra payment here and there if you can (this will save you money on interest paid).
4. Get More Money
As often as you like, quickly withdraw money from your credit limit. It’s your credit limit so as long as you have available credit, feel free to withdraw as you need it. As you make payments, you can access more!
A Personal Line of Credit for Personal Use
Do you have old debts piling up? Make your debt easier to manage by consolidating it with a line of credit.
Whether you need to replace an old window, want to splurge for that granite countertop, or you’re finally remodeling the kitchen, a personal line of credit allows you to make a big purchase and pay it back over time.
Whether you need new tires on your car, or you’re looking to pop the big question, a line of credit could help you out with a number of large purchases. 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 Saskatchewan resident 18 years of age or older
An open chequing account in your name
Proof of recurring income