CA
How to apply for Mogo Loans?
Mogo Loans are great for those who need a hand to accomplish a dream or just to consolidate debt fast enough to restart a better financial path. Check out how to get the loan you need today.
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by Aline Augusto
Applying for Mogo Loans: get pre-approved in 3 minutes!
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.
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Apply online
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.
Apply using the app
After creating an account, download the Mogo mobile app to manage your finances.
Mogo Loans vs. Fat Cat Loans
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!
Mogo Loans | Fat Cat Loans | |
APR | From 9.9% to 46.96% | From 4.84% to 35.99% |
Loan Purpose | Personal | Personal |
Loan Amounts | Up to $35,000 | From $200 to $5,000 |
Credit Needed | All credit types are considered | All credit types are considered |
Terms | Approximately 9 months to 5 years | From 3 to 84 months |
Origination Fee | It depends on the lender | It depends on the lender |
Late Fee | It depends on the lender | It depends on the lender |
Early Payoff Penalty | It depends on the lender | It depends on the lender |
If you decide to go with Fat Cat, take a look at how to apply for a loan through its platform.
How to apply for the Fat Cat loans?
Get an instant online loan through the Fat Cat loans! Check out how to get a quote and receive an instant decision!
Aline Augusto
Aline Barbosa
Senior Editor
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