Almost all of us went through a situation where we need money urgently for an unexpected event, sometimes we get it, sometimes we don’t. if we do not get it, we choose the bank as our first priority to get the land but then a lot of paperwork you have to do. To avoid all this mess LendDirect platform was introduced. In this post, you will know How to Get LendDirect Personal Loans | LendDirect Reviews?
We will look into all the perspectives of lend direct like how you can get personal loans, its requirement, fee & charges, etc.
let’s begin with a brief introduction of the LendDirect Platform…
Contents
What is LendDirect?
As the name suggests using this digital platform, you can get a loan in an easy and fast as per your requirement.
Lend direct offers various types of personal loans to the people of Canada through its branches as well as online.
It provides fast, easy, immediate same-day loans that can be credited to your bank account within two hours or a maximum of 24 hours depending on the selected transferred mode and loan amount.
It is a legitimate Canadian lender that provides loans online to Canadians in Alberta, British Columbia, New Brunswick, Newfoundland and Labrador, Northwest Territories, Ontario, Saskatchewan, Prince Edward Island, and Nova Scotia.
Features and Benefits of LendDirect
There are many features and benefits of LendDirect. major ones you can find below.
- You can apply for a loan at Lend direct both online and Offline.
- It provides both short term and long term loan.
- It offers loans from $50 – $15000. (Payday loans up to $1500, personal loan up to $15000).
- Flexible term of Repayment depends on the borrowed amount and type of loan.
- Quick and easy online application.
Lend Direct Requirements
There are four basic requirements you must have to fulfill irrespective of the loan type.
- Be a Canadian citizen with a valid ID
- Be at least 18 years old
- Have a steady source of income
- Have an open and active bank account
The requirements will be changed based on the type of loan you are applying for.
Types of Loan Offered by LendDirect
- Personal Loans
- Payday Loans
Let’s discuss the loan one by one.
LendDirect Personal Loans
In simple terms, a loan can be used for personal use. It can be anything like paying your rent, vehicle maintenance, home repair, and various others.
Lenddirect provides personal loans in the form of a line of credit. let’s understand the line of credit personal loan in detail.
Lend Direct Line of Credit Personal Loan
A line of credit from LendDirect is a flexible personal loan that provides you with ongoing access to credit.
It gives you access to money on-demand. If your requested loan amount is approved, then you will receive an approved credit limit. You have the flexibility to borrow any amount at any time, up to your approved credit limit.
You have to pay the interest-only for the amount and time you choose to borrow. you do not have to receive all the cash at one time since it will be available on an ongoing basis.
For Example: If you’re approved of a $1500 credit limit but only need $500 right now, you can borrow what you need at the moment and pay interest only on that amount. Then, if you need more money in the future, you can take additional cash advances to access the amount you need (up to your $1500 credit limit).
LendDirect Line of Credit Personal Loan Requirements
- Be a Canadian citizen with a valid ID with ID Number
- Be at least 18 years old
- Have a steady source of income
- Have an open and active bank account in your name & routing number
- Proof of Recurring Income
- Income Information
Features of LendDirect Line of Credit Personal Loan
- Avail higher amount up to $15000.
- You will get longer term to repay the loan.
- It offers ongoing access to a credit limit loan.
- You can access money (up to your credit limit) without reapplying.
How to Apply for LendDirect Line of Credit Loans
Lend direct offers a line of credit loans in select provinces. Depending on the province you reside in, you may be able to apply for a line of credit online, in stores, or over the phone.
You can apply for a LendDirect loan using 3 methods.
Method 1: Applying Online
- Visit your province’s loans page to see if the line of credit loans is available where you live.
- If it available click on the Apply Now button.
- On the next screen enter the required details and follow the instructions to proceed further.
Method 2: Applying by Calling Lend Direct Customer Care
- Call LendDirect Customer care number 1-855-630-5363.
- They will help you out to fill the application form over call.
Method 3: Apply at LendDirect Store
Apply at a nearby lend direct store. Find a Store
How Does a LendDirect Line of Credit Loans Work?
- Apply: Complete the Line of Credit loans application process with the relevant documents as mentioned above by visiting store, online or by Phone call.
- Document Verification: Submit document to verify your income to receive a lending decision.
- Lending Decision: Once the application process is completed LendDirect will immediately process your application and provide you lending decision in a 2 hours.
- Sign Documents: If your loan amount is approved, select the loan amount, review it and sign your loan agreements.
- Get Your Money: After signing the loan agreements, Choose the amount you would like to withdraw initially (up to your approved credit limit) and get your cash. select to receive funds via Interac e-Transfer to get your money in 2 hours or less.
- Make Payments: Make the repayment as per your loan agreement (around due date).
- Need More Money: Receive money at any time with additional cash advances up to your credit limit.
LendDirect Line of Credit Loans Interest & Fees
Line of credit loans accrues daily interest on the outstanding principal balance.
How LendDirect Line of Credit Loan Repayment Works?
If you have a balance on your credit line, a periodic payment will be scheduled around the days of your payment until the balance is paid off.
These payments will include the daily interest charge, payment toward a portion of your principal balance, and loan protection (if applicable).
You have the option of choosing automatic payments. If you chose this option LendDirect will automatically process your payment from your bank account.
LendDirect Payday Loans
A Payday is also called a Payday advance. It is a small short-term loan generally paid back around the time of your next paycheque.
A payday loan from Lend Direct is a quick and easy way to get money when you’re having any financial emergency.
Get the amount that you need today and pay back the amount borrowed plus a flat fee on your next payday.
LendDirect Payday loans offer from $50 to $1500.
Lend Direct Payday Loan Requirements
- Be 18 years old or older
- Basic personal information like your phone number, home address, birth date.
- Income Information
- Open chequing account
Features of LendDirect Payday Loans
- Get payday loan up to $1500 within 10 minutes.
- With lend direct payday loan you have to pay off the existing loan and then you can apply for a new loan.
- It requires very less document.
- It can be easily available to the consumers having little credit, bad credit or no credit.
- The repayment date will be your next pay cheque day.
When You need to Choose a Payday Loan?
You can choose a payday loan in the below-mentioned scenarios.
- When you need small amount of cash.
- When you need to pay small size bills or payments such as utility bill or groceries bill.
- When you require money quickly.
- Also, when you need money for short amount of time.
How to Apply for LendDirect Payday Loans
Lend direct offers payday loans in select provinces. Depending on the province you reside in, you may be able to apply for a line of credit online, in stores, or over the phone.
You can apply for a LendDirect loan using 3 methods.
Method 1: Applying Online
- Visit your province’s loans page to see if payday loans is available where you live.
- If it available click on the Apply Now button.
- On the next screen enter the required details and follow the instructions to proceed further.
Method 2: Applying by Calling Lend Direct Customer Care
- Call LendDirect Customer care number 1-855-630-5363.
- They will help you out to fill the application form over call.
Method 3: Apply at LendDirect Store
Apply at a nearby lend direct store. Find a Store
LendDirect Online Loans
As the name explains this loan process is 100% online, No Fax, No phone call, No visit to any lend direct store.
You can complete this loan application online. and the lending decision you will get within 60 minutes.
If your loan is approved, the money will be credited to your bank account in 15 minutes via Interac e-Transfer.
How Do LendDirect Online Loans Work?
- Apply: Complete the loans application process online. It is fast, safe and secure.
- Sign Documents: Sign your personal loan documents completely online to agree terms & conditions.
- Document Verification: Submit document to verify your income to receive a lending decision.
- Lending Decision: Once the application process is completed LendDirect will immediately process your application and provide you lending decision.
- Get Your Money: If your loan amount is approved, have your money direct deposited into your chequing account, or select to receive funds via Interac e-Transfer to get your money in 2 hours or less.
- Make Payments: Make the repayment as per your loan agreement.
Lend Direct Interest Rate
Lend Direct Interest rates range from 19.99% to 46.93% annual Interest Rate. It is subjected to eligibility, credit check, underwriting, and approval. Terms and conditions apply.
Credit limit and interest rate are based on creditworthiness at the time of application. Generally, applicants who are most creditworthy qualify for the lowest rates.
Lend Direct Customer Service Details
Lend Direct Phone number = 1-844-556-2524
| Customer Service | Contact Number/Email/Address |
|---|---|
| Loan By Phone Applications and Customer Service Questions | Phone: 1-855-630-5363 Fax: 1-855-775-8225 |
| Past Due Account Questions/Help | Phone: 1-844-556-2524 Email: CustomerHotline@LendDirect.ca |
| Lend Direct head office and mailing address | 400 Carlingview Drive Toronto, Ontario M9W 5X9 |
Conclusion
In this article, we have discussed How to Get LendDirect Personal Loans | LendDirect Reviews.
Lend Direct is a great loan financial solution provider. It has every type of loan for individuals ranging from a Payday loan to Line of credit loans.
You can apply for a loan with LendDirect by visiting the lend direct store, Online, or by calling Customer Care.
If you have any questions related to the lend direct you can call its customer care number and your queries will be addressed.
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FAQs
Lend direct customer care number = 1-844-556-2524
Lend Direct Interest rates range from 19.99% to 46.93% annual Interest Rate. It is subjected to eligibility, credit check, underwriting, and approval. Terms and conditions apply.
yes, of course, you can pay off early if you have the extra money with you. It will save you money by paying less interest.
No, it’s not a bank but looks similar. Its working methods are different from the bank.
LendDirect offers loans up to $15,000. the approval is based on a variety of factors, including your credit rating and income.
