How LendDirect Personal Loans Work

LendDirect offers personal loans online that are meant to be used to meet your specific circumstances. An unexpected expense, home improvement repairs or even student loan debt. LendDirect could provide you with the funds you need to take control of your finances.

How Personal Loans Work

Your Personal Loan Explained in Detail

1 Applications can be completed 100% online

With LendDirect, you can complete your loan application 100% online and submit it for a lending decision.

2 Secure income verification process

After you submit your application, there’s just one more step to receive a lending decision. Provide information that documents your income either by using our online portal (not available in Saskatchewan), or by directly emailing Customer Service.

3 Receive a lending decision

We will typically provide you with a lending decision within 60 minutes or less (during business hours; applications submitted after business hours will be responded to the following business day).

4 Receive your funds

If approved, have your online personal loan funds direct deposited into your chequing account or select Interac e-Transfer® to get your funds in as little as 15 minutes.

5 Make payments online

Pay back your personal loan online with regularly scheduled payments over time, as agreed in your loan documents.

6 Access more

As you pay down your loan, you can get additional cash advances up to your approved credit limit. No need to reapply to get more money.

Get Started With:

Basic personal information
(must be 18 years old to apply)

An open bank account
in your name

Proof of
recurring income

Apply Now

Is a Personal Loan Right for Me?

Still not sure how the whole personal loan process works? Still wondering what a personal loan is and which types of online personal loans we offer? Well, you'll be happy to know that we’re here to answer any questions you may have about the process, your loan, or anything else you can think of.