LendDirect

LendDirect is a Canadian consumer lending brand that has offered personal loans since 2016. It provides Lines of Credit of up to $10,000 and Secured Loans of up to $25,000, with available options depending on the applicant and their location. Customers can apply online, by phone, or at a branch; Secured Loans are available only in person and require a vehicle to secure the loan.

LendDirect’s revolving Line of Credit lets approved borrowers access funds as needed up to their limit, with interest charged only on the amount used. As payments are made, credit becomes available again. Secured Loans offer a set term and consistent payment schedule, and may provide access to a larger amount than a Line of Credit. The application process includes submitting required information and documents, receiving a lending decision, and signing an agreement if approved. Funds can be delivered by Interac e-Transfer or direct deposit, and customers can manage their accounts online or through the LendDirect mobile app.