THE BEST LOANS ONLINE IN 2020

LendingMate.ca - borrow with a guarantor!

Loan amount

$2,000 - $10,000

Loan term

12 - 60 months

LendingMate.ca - borrow with a guarantor!

Company type

LendingMate is a loan provider based on old fashion guarantor loans. LendingMate offers fast, flexible & straightforward loans with a guarantor to residents of Ontario, Quebec and British Columbia. Borrowers with little to bad credit score can take out loans as long as they get a guarantor.

Benefits

  • No early settlement fees;
  • Affordable repayments;
  • 100% online application;
  • Interest is calculated daily, so you can payback early and save money;
  • Safe and secure loan application, get approved in 60 seconds.

APR

Interest rate of 43% per-annum in British Columbia and Ontario, and 34.9% in Quebec.

Representative example

$10,000 over 36 months (secured by guarantee) repaying $498.66 per month, total repayable $17,951.76. Interest Rate 43% per annum.

Requirements

LendingMate offers loans with guarantor to residents of Ontario, Quebec and British Columbia aged 19-75, who have no active bankruptcy or consumer proposal and are able to comfortably afford the repayments. You will also need a friend or family member who trusts you to be your guarantor.

What does a guarantor do?

  • Make loan repayments if the borrower doesn’t pay.

Who can be a guarantor?

  • Somebody who can make the repayments on your loan if you can’t (typically they are a friend or family member);
  • Somebody aged between 19-75;
  • Somebody who is a Canadian homeowner or have a very strong credit history.

Why be a guarantor?

  • You want the borrower to manage their loans;
  • You can’t lend the borrower money yourself;
  • You want to help the borrower build up a good credit score for themselves.

Important

* All borrowers must have a guarantor for LendingMate to provide loans to them.

* A guarantor's responsibility is to make the loan repayments if the borrower does not!

Working hours

9am-6pm EST Mon-Fri

Additional information

Applications: (855) 360-5597
Enquiries: hello@lendingmate.ca

Other offers

Minimum loan amount

$500

Maximum loan amount

$50,000

Minimum loan term

6 months

Maximum loan term

60 months

APR

4.6 - 46.96 %

Minimum age

18 years

40

Representative example: Loan amount: $2,000, Loan Term: 24 months, Monthly payment: $111.88, Total amount repayable: $2,685.12, APR: 29.96%
NB! Total amount payable depends on the loan amount, percentage, terms and individual credit worthiness.

Minimum loan amount

$500

Maximum loan amount

$35,000

Minimum loan term

6 months

Maximum loan term

120 months

APR

19.99 - 39.99%

Minimum age

18 years

250

Representative example: Loan amount: $7,500, Loan Term: 60 months, Monthly payment: $233.47, Total amount repayable: $14,008.40, APR: 27.99%
NB! Total amount payable depends on the loan amount, percentage, terms and individual credit worthiness.

Minimum loan amount

$2,000

Maximum loan amount

$10,000

Minimum loan term

12 months

Maximum loan term

60 months

APR

34.9 - 43%

Minimum age

19 years

64

Loans with a Guarantor!
Representative example: Loan amount: $10,000, Loan Term: 36 months, Monthly payment: $498.66, Total amount repayable: $17,951.76, APR: 43%
NB! Total amount payable depends on the loan amount, percentage, terms and individual credit worthiness.

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