One of the advantages of borrowing from us is that we are a direct private lender for personal loans in Canada. We operate independently of brokers. Since there is no credit check, we work with people with good, fair and bad credit.
Advantages of working with a direct private lender for personal loans
If you need a personal loan then a direct private lender may be suitable for you for the following reasons:
- No fees payable to loan brokers
- Direct communication with the lender
- Poor or bad credit is generally accepted
How many direct private lenders are there in Canada?
It’s not possible to know how many direct private lenders for personal loans there are in Canada. That’s because any person or entity can lend money – even if they’re not a bank – thus making them a private lender.
For that reason it’s important to do your research before taking a private loan. You should know in advance the:
- interest rate
- fees
- monthly payments (and whether you can afford them)
- term (when the loan needs to be repaid)
Here are 4 questions to ask a private lender before borrowing.
What kinds of personal loans we offer
As a direct private lender for personal loans, we offer an array of solutions across Alberta and BC. These include:
- Debt consolidation loans – for when you need to consolidate your loans into a single, lower interest debt
- Emergency loans – for when an emergency arises and you need funds quickly
- Financing for appliances – for when you need to purchase household necessities
- Guarantor loans – for when a friend or family member is willing to co-sign the debt in return for a lower interest rate
- Many more!
The application process
Short answer: if you apply on a Monday, you’ll probably be funded on Tuesday.
Long answer: since we’re a direct lender, you simply apply through our website rather than via a broker or a 3rd party platform. After you’ve done that, expect to be contacted by a representative. You’ll be asked to provide basic information, such as proof of your income. Once we’ve verified your details and approved you for a 1 year personal loan, funds will typically be deposited into your bank account by the next business day.
Note: all applicants must live in either BC or Alberta, and have a monthly income of at least $4,000.
Conclusion
We take pride in being a direct private lender for personal loans. Our rates are fair and we treat our customers with respect. We lend up to $50,000. For more information, call us toll-free at 1-888-924-3792 or apply online.