How it works
You apply once. We match your application with lenders in our network, and the lender takes it from there.
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Apply once
Fill out one application. It takes a few minutes, works on any phone, and doesn't commit you to a loan.
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Get matched and verify your bank
We send your application to partner lenders. A lender reviewing it will ask you to verify your bank with Instant Banking Verification (IBV). No ID or documents to upload.
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Sign with your lender
If a lender approves you, it contacts you directly and sends its electronic contract. Funds are deposited once you sign, often the same day.
Who can apply
- 18 or older
- Full-time job, or steady self-employed income
- Not in bankruptcy
- Canadian citizen
Why your bank is the only check
IBV gives a lender a read-only copy of your recent bank transactions. It can't see your password or move money.
Lenders typically review about three months of transactions to make sure the payments fit your budget. That's how people with bad credit can still be approved: the decision is based on your income and spending, not only your credit score.
Rates, fees and terms
Each lender sets its own rate and fees, based on the risk of your application. These terms are typical of what most lenders in our network offer.
| Loan amounts | $300 to $3,000 |
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| Annual percentage rate (APR) | 22% to 32% |
| Repayment period | 90 to 120 days |
| Payment schedule | Weekly, every 2 weeks, twice a month or monthly, based on your pay |
| Membership fees | May apply, and are included in the cost your lender shows you |
| Returned or rescheduled payments | Fees set by your lender, listed in your contract |
Before you sign, your lender must show you the full cost of borrowing: the rate, every fee, and the total you'll repay. Read it, and ask your lender about anything that isn't clear.
Representative example
A $300 loan at 32% APR over 98 days is repaid in 7 payments of about $44.99, every two weeks.
Total repaid: $314.93, of which $14.93 is the cost of borrowing.
If you can't make a payment
Contact your lender before the payment is due. Most lenders can move a payment to the end of your schedule or set up a payment plan. Their rules and fees for this are in your contract.
Loans that aren't repaid can be reported to Equifax and other credit bureaus, which hurts your credit score.
Borrow responsibly
Having several installment or payday loans at the same time can damage your finances. If you already have more than one, ask about a consolidation loan, or talk to a free credit counsellor.
Your information is safe
The site runs entirely over HTTPS, and your application is shared only with partner lenders so they can respond to it.