Money to Lend
offers referrals for:
You’ll benefit from an extra amount of money in your budget giving you the freedom to:
At MoneyToLend.ca you’ll be served by an excellent team of brokers whose highest priority is your satisfaction.
Just 3 Easy Steps!
Fill out application and IBV
(Instant Bank Verification)
Approval amount is based on an evaluation of your ability to repay
All loans are subject to credit and underwriting approval.
MoneyToLend is a referal business, not a lender.
Annual percentage rate (APR)
The interest rate on the credit limit is 18-21%. When the transaction fees are added, the total overall effective annual rate will not exceed 22%.
Example of refund:
A variable credit with a $500 limit will have minimum weekly payments of approximately $62.00. This information is given for example purposes only and includes a weekly membership fee and or guarantor fee prorated based on your pay cycle.
MoneytoLend.ca alone determines the fees of each financial product at its own discretion.
Our reliable customers can renew after a grace period, to issue them time to terminate a past advance before the instalment of their new loan begins.
Missed payments and credit rating
All missed payments will be postponed to the end of your contract, and will acquire a charge of $40 for insufficient funds, as indicated in the contract. This won’t have an effect on your credit rating with our company. In the case that you have to postpone a payment, you must contact us 48 hours prior to; this deferral will bring about a fee and will be postponed to the end of your contract. Conscientious repayment of loans will guarantee impeccable service; the renewal of your loan is always problem-free.
Our company uses responsible collection practices. If you are not able to make your payments, our collections agents can terminate your installment plan and will use various methods to gather the cash due. The installments that are cancelled will impose interests on the unpaid balance of your loan. The borrower is in charge of all legal charges required for gathering the funds owed. Non-recovered debts will be indicted to the full extent of the law.
Responsible Loan Policy
All applications are subject to a filtering process, with the objective of guaranteeing that the borrower has sufficient income to repay the credit. This includes but is not limited to: verifying that your monthly salary is sufficient for repaying the loan and qualifies for such a loan; that you don’t have an outstanding amount of charges for insufficient funds in your bank account; that you don’t have an unreasonable number of preauthorized installments charged to your bank account which can interfere with your ability to pay your loan in the time designated. If you don’t meet one of these criteria, the application for your loan will be denied.
Please borrow responsibly. We provide you with the resources that you need to get through difficult times. However, the interest rate is higher than rates at local banks. These loans should not be undertaken except when you don’t have other options to obtain financial assistance and must be used as least often as possible. When it is undertaken consciously, this loan can be the right solution for you. Nevertheless, the fact of undertaking a high number of short-term loans can cause serious financial problems and an insupportable debt load.