Personal Loans in Canada

Take control of your finances with a personal loan up to $25,000.

Get Pre-Approved§

Loan
Protection

Optional Loan Protection could help cover your loan when unexpected life changes or lifetime milestones happen.

15 Minute
Funding

Receive your money quickly! You could get your funds in as little as 15 minutes with Interac e-Transfer®.+

Account
Management

Make payments online or on the LendDirect mobile app.

Loan
Protection

Optional Loan Protection could help cover your loan when unexpected life changes or lifetime milestones happen.

Get Started

Our Personal Loans Explained

Flexible Lines of Credit

A Line of Credit is a convenient way to borrow. Once approved, you are given access to your credit limit. However, you do not have to borrow all the money at once. You choose how much and when to borrow, then just make payments based on your principal balance and daily interest accrued on what you’ve used. Not the whole loan amount. Plus, enjoy unlimited no-fee advances up to your credit limit.††

Personal Secured Loan

Our Secured Loan is a different kind of personal loan that you can apply for up to $25,000. You may be approved for more money than a Line of Credit and your payments will be scheduled for the same amount each due date. To apply for a Secured Loan, please visit a LendDirect branch with your vehicle and required documentation.

Flexible Lines of Credit

A Line of Credit is a convenient way to borrow. Once approved, you are given access to your credit limit. However, you do not have to borrow all the money at once. You choose how much and when to borrow, then just make payments based on your principal balance and daily interest accrued on what you’ve used. Not the whole loan amount. Plus, enjoy unlimited no-fee advances up to your credit limit.††

Personal Secured Loan

Our Secured Loan is a different kind of personal loan that you can apply for up to $25,000. You may be approved for more money than a Line of Credit and your payments will be scheduled for the same amount each due date. To apply for a Secured Loan, please visit a LendDirect branch with your vehicle and required documentation.

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What Do I Need to Apply for a Loan?

Line of Credit

  • Age 18 or older
  • A valid ID
  • An open bank account in your name
  • Proof of recurring income
  • Be a Canadian resident
  • Phone number

Secured Loan

  • Age 18 or older
  • A valid ID
  • An open bank account in your name
  • Proof of recurring income
  • Be a Canadian resident
  • Phone number
  • Ownership documentation
  • Proof of insurance
  • Vehicle on site
shield crossOptional Loan
Protection Plan

Borrow with reassurance when you enroll in the Loan Protection Plan

At LendDirect, we are proud to serve our Customers for the lifetime of their loans. We understand that life gets busy and can easily send unexpected changes our way.

With the optional Loan Protection Plan, your loan could be covered for unexpected changes like involuntary unemployment, injury or sickness, or even some positive lifetime milestones.

Must be 18 years of age or older, and under 70 years of age to be eligible. The optional Loan Protection Plan is a Group Policy underwritten by Canadian Premier Life Insurance Company and Canadian Premier General Insurance Company, operating under the brand name Securian Canada. See Summary of Coverage and Certificate of Insurance for full coverage details including benefits and exclusions.

The LendDirect Application Process

Apply Phone
Apply Phone

1

Apply Your Way

Apply online, by phone, or at a branch.

Secured Loans are only available at a branch.
Apply Phone

2

Submit Your Information

Provide the required documents. Get a quick lending decision and review the documentation. Once approved, sign your loan agreement.

Apply Phone

3

Get Your Money

Use Interac e-Transfer® electronic funding or direct deposit to your bank account.

Apply Phone

4

Manage Your Account

Easily keep track of your account online (or in our LendDirect mobile app)!

Apply Phone

1

Apply Your Way

Apply online, by phone, or at a branch.

Secured Loans are only available at a branch.
Get Started

Frequently Asked Questions About Personal Loans

You can easily apply online, by phone, or at a branch for a personal Line of Credit. To find your closest branch, visit our Branch Locator page. To apply for a personal Secured Loan, please come see us at a branch location.

Verifying your income helps us determine the best loan fit for you. We want to help you get the support you need for your specific situation.

To receive funds from your Line of Credit, you’ll need to have a bank account that accepts direct deposits or Interac e-Transfer®.
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  • Licence: BC Licence #83734

    Lending decision typically provided within minutes, subject to receipt of complete information from the applicant, and hours of operation. Funding times subject to bank system availability. A business day is typically Monday-Friday excluding national and provincial holidays.

    +Fully funded online only loans require acceptance of all related terms and conditions by the individual consumer.

    Line of Credit: Loan maximum of $10,000, based on a completed application, net pay, and other qualification requirements, and customer verification including a credit check. Payments are due on scheduled income deposits. APR/Annual Interest Rate: 34.99%.

    Secured Loan: Loan maximum of $25,000. APR ranging from 24.99%, 29.99% or 34.99% based on a completed application, net pay, and other qualification requirements, and customer verification including a credit check. Security search and lien fees apply. Amount varies by province. Visit lenddirect.ca/lien-fees for details. Payments are due on scheduled income deposits.

    Interac e-Transfer®: As soon as 15-minute funding available only when using Interac e-Transfer®. Subject to bank processing and system limitations. Interac e-Transfer® can be used to transfer funds up to $10,000. Interac® and the Interac design are registered trademarks of Interac Inc.

    §Pre-Approval: Submitting for pre-approval is how you discover if you are eligible for a LendDirect loan and includes a soft credit check which will not impact your credit score. Pre-approval does not guarantee loan approval. Should you decide to accept a loan offer, then a hard inquiry will occur which may have an impact.

    Credit Reporting: LendDirect reports payment history to Equifax® Canada credit bureau so it can help build your credit history if used responsibly. Various factors can affect your credit, including but not limited to paying all your bills on time every month, avoiding the usage of the full amount of your available credit, and lowering your credit usage balance compared to available credit. Missed payments, or other defaults on your account may be reflected in your credit report and may impact your ability to build credit. LendDirect offers personal loans and is not a credit repair service.

    †† Advances: Advances only available for a Line of Credit in good standing up to approved credit limit; $50 minimum advance requirement; restrictions may apply.

    Loan Protection Plan: Must be 18 years of age or older, and under 70 years of age to be eligible. The optional Loan Protection Plan is a Credit Group Insurance Plan Underwritten by Canadian Premier Life Insurance Company and Canadian Premier General Insurance Company.

    Mobile App: Google Play is a trademark of Google LLC. Apple and the Apple logo are trademarks of Apple Inc., registered in the U.S. and other countries. App Store is a service mark of Apple Inc. Data rates may apply.