Loans

Consumer Capital Canada personal loan full review

The Consumer Capital Canada personal loan might be a good alternative if you need cash to afford a personal need. Find out more about it by reading this review post!

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by Aline Augusto

Published on 01/04/2022

Consumer Capital Canada personal loan: fast and affordable

Learn more about this personal loan. Source: Facebook Consumer Capital Canada.
Learn more about this personal loan. Source: Facebook Consumer Capital Canada.

I imagine you are trying to fix your car, or maybe you are dreaming about making an improvement at your home. Either way, sometimes it seems impossible when you don’t have enough cash. But Consumer Capital Canada personal loan helps you with that. 

Since it features personal loans with competitive rates, reasonable terms, and amounts ranging from $500 to $12,500, you can get your plans off the paper.

So, before deciding to apply for it, take a look at this review post. We will explain it all to you!

APRFrom 19.99% to 34.99%
Loan PurposePersonal (medical expenses, emergency and unexpected charges, home improvement, car repair, funeral, pay off debt) 
Loan AmountsFrom $500 to $12,500
Credit NeededFair
TermsFrom 24 months to 60 months
Origination Fee$75
Late FeeConditions apply
Early Payoff Penalty$0
Logo Consumer Capital Canada fundo branco

How to apply for the Consumer Capital Canada loan?

Get a loan quickly and easily without leaving home at Consumer Capital Canada! Learn how to apply for it!

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How does the Consumer Capital Canada loan work?

When you think of getting a loan, probably one word comes to mind: bureaucracy. And you quickly give up on even trying to get it.

However, Consumer Capital from Canada has arrived and has made it easier. You don’t need to leave your couch to apply for a loan.

It offers a personal loan to apply for online, with affordable fees, competitive rates, a good amount of money, and reasonable terms.

And all of that with no perfect credit score required.

The application process is also quick and easy. This lender claims to help people master finances and take dreams off the paper.

But although it doesn’t charge an early payoff penalty fee, note that it charges an origination fee, and conditions may apply for other fees, too.

So, let’s talk about the upsides and downsides of this personal loan.

Consumer Capital Canada personal loan benefits

See what are the benefits of Consumer Capital Canada personal loan. Source: Pexels.
See what are the benefits of Consumer Capital Canada personal loan. Source: Pexels.

A personal loan can be used to pay off medical expenses, emergency, unexpected charges, home improvements, car repairs, funerals, debt, and more.

Sometimes you don’t have enough money to pay for what you need right away. Sometimes you only desire to make a dream come true. 

The Consumer Capital Canada helps you loan the amount you need from $500 to $12,500. And you pay it off in up to 5 years, with no prepayment or application fees.

It is online, fast, and straightforward to get your loan at this lender.

However, you should know that it requires a minimum monthly income of $1600 gross. Plus, it isn’t available in QC, NT, YT, and NT. 

Also, it charges an origination fee, and conditions may apply for other fees, as well.

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Pros

  • The application process is fast and online
  • It offers a good amount with reasonable terms
  • It charges competitive rates
  • Customers rate well

Cons

  • It requires a minimum monthly income
  • It is an online lender, so there is no in-person service
  • And it is not available in QC, NT, YT, and NT
  • It charges origination and late fees (see terms)

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Should you apply for the Consumer Capital Canada personal loan? 

You should consider Consumer Capital as an alternative for you if you meet the requirements and need a loan fast and easy to get.

Can anyone apply for a loan at Consumer Capital Canada?

If you want to apply for this loan, read the requirements right below:

  • Be a Canadian resident, living in all states except QC, NT, YT, and NT;
  • Have a primary income and minimum monthly income of $1600 gross;
  • Have not a consumer proposal, debt management, or bankruptcy.

What credit score do you need for Consumer Capital Canada?

It is recommended to have at least 600-punctuation as a credit score, which means a fair credit.

How to apply for a Consumer Capital Canada loan?

Now that you know all about this personal loan, you can get yours right away! Then, find out how to do it by reading our next post!

Logo Consumer Capital Canada fundo branco

How to apply for the Consumer Capital Canada loan?

Get a loan quickly and easily without leaving home at Consumer Capital Canada! Learn how to apply for it!

About the author

Aline Augusto

My name is Aline Mesquita; I'm a writer here on the blog, where I write about finance in general and other subjects. I have been working with content creation for ten years. Also, I'm post-graduated in Project Management, with expertise in SEO practices. Currently, I am studying finance, market trends, and cryptocurrencies.

Reviewed by

Aline Barbosa

Senior Editor

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