Applying for a loan at Mogo Loans is easy and fast. Actually, you can request a loan within 3 minutes.

Mogo also features a pre-approval process that doesn’t affect your credit score.

Take a look at the basic eligibility requirements before applying for a loan. First of all, you must present a minimum annual net income of $13,000. 

Also, you must be in steady employment for at least 30 days. 

Second of all, you need to provide a valid government-issued ID and a bank account verification.

Last but not least, you must be the age of the majority in your province. Note that Mogo is not available in Quebec and Saskatchewan.

Access the Mogo website. On the right corner, you will see a form where you will fill it out with your basic and personal information.

Also, provide how much you need and the loan reason.

After that, click on Get Pre-Approved.  

After creating an account, download the Mogo mobile app to manage your finances.

Both services provide loans through a network of committed lenders. On one side, Mogo offers higher amounts of up to $35,000.

On the other side, you may be able to get fewer costs through Fat Cat.

Check out the full comparison table right below!

If you decide to go with Fat Cat, take a look at how to apply for a loan through its platform.