Will it affect my Credit Score?

No. Using LoanConnect to find the perfect Loan will not affect your credit score.

What type of loans are available?

The lenders in LoanConnect's database offer fast personal unsecured loans, bad credit loans, and debt consolidation loans.

Can I apply if I don't know my Credit Score?

Yes, LoanConnect is able to match you with lenders even if you don't know your credit score.

How much can I borrow?

LoanConnect has lenders offering unsecured loans up to $60,000.

Frequently Asked Questions.

Q: How does LoanConnect work?

LoanConnect helps you search Lenders in Canada to find the best loans available. Using LoanConnect you can compare many loans and apply to the best one for you.

What is LoanConnect?

LoanConnect is a search engine for unsecured personal loans up to $60,000. Our goal is to help Canadians find the best possible loan options from our lender partners, based on personal needs and credit circumstances. We partner with lenders who service customers of all credit scores and work to have solutions available for as many applicants as possible. At LoanConnect we want to help you evaluate your loan choices quickly and without impacting your credit score.

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What Rates Should I Expect?

Our lender partners offer rates starting from 8.99% to 46.96% APR. Rates go up from 8.99% APR based on needs, personal financial information, and credit history.

How Does LoanConnect Work?

LoanConnect searches multiple lenders through utilizing secure web technology. Our website functions much like a travel booking website, we take your information and needs and then query providers that match those requirements. After you choose the loan you want, you are sent to that lender's website to finish the application. Best of all, the majority of our lender partners offer instant approval credit, if approved, your money can be deposited to your bank in as little as 12 hours!

What Are the Minimum Requirements to Apply?

We partner with lenders who service customers of all credit scores and work to have solutions available for as many applicants as possible. Every lender we are partnered with has different approval criteria, but as a starting line, you must be the age of majority in your province.

If I Currently Have an Outstanding Loan, Can I Still Apply?

As long as your debt payments don't total over 60% of your income, you are fine to apply. In fact, by having an outstanding loan you have established a credit history, so it might actually improve your chances of being approved.

Will Applying Affect My Credit Score?

Your credit score is not affected by searching our website for loan offers from our lender partners. When you complete our application, you are asked to agree to a soft credit check. This soft check does not affect your score, and is not visible to any lenders, but will allow us to further customize your loan results to your financial profile. Once you choose to start an application with a lender, the lender will likely require a full credit check. However, you will be notified of this and will have a choice not to proceed if you are concerned about your score being affected.

How Do I Get My Money?

Complete the simple application on our website, we provide you with loan options, select the loan for which you would like to formally apply, then formally submit the application on your chosen lenders website. If approved, the lender will deposit the money in your account in as little as 12 hours.

If I Don't Know My Credit Score Can I Still Apply?

You don't need to know your credit score in order to apply, but it will help improve your results. If you are unsure of your credit score, we advise that you agree to the soft credit check so we can have a better understanding of your financial standing. This is a free service to you and does not impact your credit score. A soft credit check does not show up on your record.

What Type of Loans Do LoanConnect Lenders Offer?

The lenders that we partner with offer both secured and unsecured personal loans up to $60,000. These loans can be used for a number of different purposes including home renovations, medical bills, debt consolidation, emergency expenses, and more.

Can I Apply and Not Take the Loan?

Yes. You are not bound to a loan by applying for one.

The Website Isn't Working Correctly, What Can I Do?

Please contact us at contact@loanconnect.ca.

I Have a Past Bankruptcy or Consumer Proposal. Can I Still Apply?

Yes. We have lenders who lend to those with a past bankruptcy or consumer proposal. A perk to applying with us is that those lenders compete for your business, ensuring that you get a good rate.

Can I Apply with The Lending Agencies Directly?

We wouldn't recommend this. Making another application on the lender's site will duplicate things and take up more time. At any point you can login to your profile at LoanConnect and see if new loans have become available or if your rates have changed.

Is My Personal Information Secure?

We take data security very seriously. Hence, we use the latest security to encrypt and protect your personal information. Your personal information is only passed from our website to the lender when you indicate that you want to move forward with that loan offer. We do not send your information to a lender you do not wish to work with. When we do send your information, it is sent out from our website through an encrypted channel that is only accessible by that lender, at that particular time.

Do Some Lenders Charge Loan Origination Fees?

A loan origination fee is an amount charged by a lender to issue a loan. If the lender you choose charges an origination fee that amount will already be built into the monthly payment amount given to you in our search results. When formally applying for the loan on the lender's website they will disclose this amount before issuing the loan. In most cases if a lender charges an origination fee the amount tends to be around $100.

What payment terms should I expect?

Payment terms vary per lender. In most cases payment terms are between 12 months and 60 months. Information regarding payment terms of the loan will be included in search results enabling you to choose which terms best suit your needs.

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Why Wait?

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Why Wait?

Apply now and get approved in minutes!

Apply Now Apply Now

Frequently Asked Questions.

What is LoanConnect?

What Rates Should I Expect?

How Does LoanConnect Work?

What Are the Minimum Requirements to Apply?

If I Currently Have an Outstanding Loan, Can I Still Apply?

Will Applying Affect My Credit Score?

How Do I Get My Money?

If I Don't Know My Credit Score Can I Still Apply?

What Type of Loans Do LoanConnect Lenders Offer?

Can I Apply and Not Take the Loan?

The Website Isn't Working Correctly, What Can I Do?

I Have a Past Bankruptcy or Consumer Proposal. Can I Still Apply?

Can I Apply with The Lending Agencies Directly?

Is My Personal Information Secure?

Do Some Lenders Charge Loan Origination Fees?

What payment terms should I expect?

Why Wait?

Why Wait?

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