A personal loan…what is it for…You want a new or used vehicle? Do you dream of making this trip to the Maldives? You want to get married? In fact, it should be noted that personal loans represent nearly one third of the credits granted by financial institutions. Indeed, it owes its success to the fact that the borrower can finance various projects without justifying the purpose, without having the funds, and without having to dip into his personal savings.
On the other hand, the personal loan is not the right tool to finance a house or an apartment. Therefore, in addition to the fact that the amount of such a credit is capped at $50,000 in Canada, the maximum duration and the proposed rates are not adapted to this type of project, being from 3 to 60 months.
Advantages of a personal loan
As already mentioned, the personal loan has the advantage of great flexibility since you do not have to justify the use of the funds to your creditor. So whatever you do with the money is entirely up to you. There are some important prerequisites, such as proving that you are of legal age, that you have no banking problems, that you have a good credit history and that you are able to guarantee the loan if necessary. As soon as the financial institution gives its approval, the funds are deposited in your account and are ready to be used.
At Credit2Go, we don’t do credit checks! Our process is very quick and easy.
- Fill in your personal information.
- Choose your payment amount and frequency.
- Provide 2 references.
- Upload your documents in pdf or jpeg.
- No credit file check.
- Do the instant bank verification (IBV).
- Approved? Receive the money the same day!
Click here now and apply for a loan!