We provide down payment loans in BC and Alberta, Canada. Our loans are unsecured and we don’t run a credit check. Apply now for up to $50,000 to finance the purchase of your choice!
What is a down payment loan?
A down payment is required by many lenders, whether you want to finance the purchase of a home, automobile, boat, business and even a bicycle. In many cases, they will require you to put down between 5-20% of the sale price before you can secure financing. That can be prohibitive for a lot of people in Canada.
As a private lender, we provide down payment loans in BC and Alberta: a personal loan that you can use as a down payment for your other purchases.
Can you borrow money for a down payment in Canada?
Yes, you can borrow money for a down payment in Canada through No Credit Check Loans. We provide these personal loans for real estate, cars, heavy machinery, appliances, furniture and more.
Who qualifies for a down payment loan?
In order to apply for a loan, you must earn a minimum income of $4,000 per month. Moreover, you’ve got to be a resident of either British Columbia or Alberta, Canada.
Our interest rates
Our interest rates begin at 15% and can go as high as 31% per year, depending on your application. However, you will find that our rates can be substantially cheaper than some private lenders in Canada.
How long do you have to repay the debt?
Our loans are intended to be short-term financial solutions, not long-term borrowing products. As such, you have 1 year to repay the loan. During the term of the loan you only need to make interest payments. However, you should have a plan in place to pay us back within twelve months.
How our down payment loans work
Simply apply for a loan online or call 1-888-924-3792. After you’ve been approved, you’ll receive the funds in your bank account within one business day. You can then use the money you’ve received from us as your down payment.