CA
LoanConnect review
LoanConnect provides a service for those who search for a money loan. It acts as an intermediary third person. Check out everything in this LoanConnect review!
What you need to know before applying for LoanConnect
If you are a Canadian citizen or resident and need fast access to money, this LoanConnect review may be of interest to you. LoanConnect is an online service to help you get a money loan as easily as possible.
It works by pairing your information with lender companies that will check if they have a loan available for your profile LoanConnect is a great alternative if you want an easy and fast way to get a money loan. It searches for multiple lenders according to your profile, so lending offers can be very diversified.
Check out LoanConnect’s main features below:
| APR | Between 5.99% and 46.96% based on personal credit. |
| LOAN PURPOSE | Big purchases, debt consolidation, medical expenses and more. |
| LOAN AMOUNTS | Up to $50,000 |
| CREDIT NEEDED | It depends on the loan and the lender. |
| TERMS | 6 to 60 months. |
| ORIGINATION FEE | Varies according to the lender. |
| LATE FEE | It depends on the lender. |
| EARLY PAYOFF PENALTY | Depends on the lender. |
Regarding fees, it is essential to mention that since LoanConnect is not the lender itself, it can provide this information. The lender will send the information about fees and terms will be sent to the customer by the lender if the request gets approved. Keep reading our LoanConnect review to learn more.
How to apply for LoanConnect?
No minimum credit score limit needed to apply. Check it out how to apply for LoanConnect!
How do the LoanConnect work?
LoanConnect is an online service that helps Canadian citizens and residents to find the best available loans for a series of different purposes. It works like this:
- Borrowers must first create an account and provide their personal and financial information;
- LoanConnect will gather that data and connect the borrower with a list of lenders willing to offer them a loan;
- The borrower will then connect with the lender of their choice and move forward with the request;
- Borrowers can get a loan up to $50,000 and same-day funds from a series of different lenders;
- The terms, rates and fees are determined by the lender according to a series of key data points like income, existing debt and credit history.
The proccess is simple and borrowers can get pre-approved for a loan in just five minutes. Also, the transaction is made entirely online, which means you won’t have to stay hours in line waiting to get service.
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LoanConnect benefits
LoanConnect offers a lot of benefits for the customers by providing a truly personal service.
Pros
- Easy and fast steps to the application;
- The money is easily accessed in the bank account;
- Instant transactions;
- No minimum credit score limit is needed to apply;
- Easy access to loans up to $50,000
Cons
- The APR can get as high as 46.96%.
Should you apply for LoanConnect?
If you are a Canadian citizen or resident and is in need a fast way to obtain a loan, then you should definitely consider using LoanConnect’s services.
What credit score do you need for LoanConnect?
If you also have a bad credit score, LoanConnect might be a good option for you, too, since it requires no minimum credit score for you to apply.
However, we must say that people with good scores get better offers and are more often approved.
How to apply for a LoanConnect?
You can easily apply for LoanConnect using their website. The interface is easy to use as it guides you through all the process steps when you start by clicking on the “find a loan” button.
File the information requested and find the best loan for your profile! You can find out the detailed steps to apply at the following link!
How to apply for LoanConnect?
No minimum credit score limit needed to apply. Check it out how to apply for LoanConnect!
About the author / Aline Augusto
Reviewed by / Aline Barbosa
Senior Editor
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