Frequently Asked Questions

It’s so easy. You can apply online, over the phone or in person. If you need an answer super fast, then apply online.

We offer instant finance approval on secured loans from $2,000 to $10,000. The amount you can be approved depends on your credit score. We also structure your repayments to suit your pocket and coincide with your payday.

Our customers need money fast so we act fast. Provided you’ve given our finance compancy all the details, we can let you know if your loan has been approved within 60 minutes of processing your request.

• Once your loan is approved, documentation is signed, and subject to the responsible lending code and affordability, the money is available in your bank account the next business day.
• If you need money urgently, we have a same-day money service and a 24-hour phone answering service outside of regular business hours.

1. You must be able to repay for all loans. We only offer secured loans. We are happy for a friend or family member to act as your guarantor to provide security on your behalf.
2. You need to be over 18 (unless you have a suitable guarantor who is over 18).
3. You should have a reasonable credit history.
4. You must be able to make the payments on your loan.
5. You must live in Canada or be a Canadian Resident or Canadian Citizen (or have guarantors who are).

• You can make monthly, fortnightly or weekly payments via direct debit on a regular date that suits you.
• Repayments for loans secured against assets such as vehicles can be structured up to 4 years, and up to 5 years for loans.

Yes we recommend that you do. We offer payment protection cover for your peace of mind.

You don’t need a perfect credit history. As we’re not a bank, we look for reasons to say yes to your loan rather than no. However, we are unable to lend to anyone who is currently bankrupt.

Not necessarily, because at Loaning Canada we consider loan applications based on the persons background. We do, however, make sure that you can afford the repayments. We welcome everyone including the self-employed, full, part-time workers and people transitioning to a new job.

• We need to see confirmation of your income such as a recent pay slip or bank statement, proof of your address and some personal identification such as your Driver’s Licence, Passport, Bank Card or Firearms Licence.
• We also need to have a current phone number (mobile or landline).

1. Our mobile agents will call you for double confirmation regarding your loan and sanction the loan you demanded for.
2. Please note, we will need to see your ID before the paperwork is signed off.

Loan payments start from $5 per Month. We work with you to tailor repayments to fit your requirements.

Usually we use the car you’re buying as security for your car loan, but you can use other assets or motor vehicles belonging to you, a co-borrower or your guarantor if you prefer.

No. We go over the Terms of the Contract with you before you sign to make sure you understand everything clearly. There are no surprises.

Although most people prefer to get their money straight away, once approved, your loan approval is valid for 14 days.

There are no penalties, fees or costs if you change your mind about accepting the loan prior to signing the agreement.

No. Early repayment of your loan is free.

Once you’ve built up a good payment record with us, (usually after 3 months history) you may be offered or qualify for loan top-ups.

Ideally cars and vehicles will be no older than 20 years, although cars older than 20 years may be used if other collateral is also offered. We will definitely consider classic or vintage car purchases.