Funding And Payment FAQs

Yes! You have options. LendDirect does not accept cash payments, but you can make a payment via Interac e-Transfer^®, set up AutoPay in your online account, or pay at a branch using your debit card.

Once you accept your Secured Loan offer, you’ll have a consistent payment schedule with the same amount due each time. You can manage payments via AutoPay, your online account, or by phoning your home branch.

If you have a balance, periodic payments are scheduled around your paydays until it's paid off. Payments include daily interest, a portion of principal, and optional Loan Protection Plan (if selected). How long it takes depends on how you use your credit.

As part of the application process, you’ll be set up with automatic payments (pre-authorized debit). On your due date, LendDirect will process the owed amount from the same account where your funds were deposited.

Yes, you can! Interac e-Transfer^® may be a familiar name to you. We use it to deposit loan money safely and quickly into your bank account. Now, you can make payments with the same speed and security. And it’s easy to set up!​

We understand things come up, life happens. If you run into financial difficulties and cannot make a payment, we are more than happy to discuss your account with you. Please contact us at 1-844-566-5129 to discuss the options available. Keep in mind, when applying you can always sign up for our Loan Protection Plan to protect you and your family from the unexpected.​