LendDirect offers Lines of Credit and Secured Loans.
For short-term Payday Loans, visit our friends at CashMoney.ca.
Take Control of Your Finance with a Secured Loan
Get pre-approved at a branch for up to $25,000.
Find a Branch Near You
How Secured Loans Work
When you need extra money, consider what you’re driving. If you own your vehicle, you've earned equity you can use as collateral to secure your loan. When you borrow with your car, you could qualify for more than a Line of Credit. And with timely payments, you could build credit.†
Secured Loans Vs Unsecured Loans
A Secured Loan is backed by collateral or secured by something of value that the borrower owns. The collateral, which is your vehicle, has value. The value or equity is the amount you own outright in your vehicle. An Unsecured Loan doesn’t have any collateral to back it up.
Drive your vehicle to your LendDirect Home Branch with the required documentation to discover what you qualify for with no impact to your credit score.§
The Benefits of Using Your Assets as Collateral
Why Choose a Secured Loan?
Our car equity loan could help you unlock the value of your car while you continue to drive it.
What information will we gather about your vehicle?
When you bring your vehicle into a LendDirect location, bring along your ownership documents. We will document the vehicle identification number (VIN), licence plate number, current registration number, and mileage.
How to Apply for Secured Loans
Frequently Asked Questions about Secured Loans
Currently, we are only offering Secured Loans on Customer-owned vehicles. We accept standard passenger vehicles such as hatchback cars, sedans, off-road trucks, SUVs, pick-up trucks or vans.
We're happy to help Customers with various credit scores. A credit score is just one of many factors we consider when processing loan applications.