F.A.Q. - BEFORE APPLYING
In this section we will outline what you need to know BEFORE applying for recreational financing. While we aim to match and exceed on every industry practice, much of this information can be used whether through us or any other source.
MINIMUM REQUIREMENTS TO GET APPROVED
Must have $2000 per month minimum income.
Must be either gainfully employed full time or earning pension. Certain disability may be approved on a case by case basis.
Minimum two pay periods with proof of income will be required.
All credit situations are welcome.
Our lenders have approved customers in various situations including no credit established, limited credit, past poor repayment, previous repos or collections and low credit scores.
Canadian territories and Quebec are currently not serviced. Newfoundland lender access is limited.
Valid drivers license is required.
Applicants must be able to obtain full insurance coverage and have it active throughout the duration of the loan.
If in a consumer proposal, it must be up to date. Verification may be required.
CURRENT INTEREST RATES OFFERED
TOP TIER CREDIT
MID TIER CREDIT
*Intended as a guide. Lender rates subject to variance and may change without notice.
CAN YOU TELL ME WHAT MY APPROVAL WILL BE BEFORE APPLYING?
If anybody is telling you any numbers before you apply, they are lying to you. Period. There is no way to determine an approval without processing an application. There are a number of factors that can change your approval parameters some of which include:
Your Credit Score
Your Monthly Income
Past Repayment History
Your Current Debt Load
We keep credit checks to a minimum so as to not have a major impact on your score. Click the link below to get started!
Access to our entire network of lenders.
Access to some of our lenders.
OUT OF SERVICE
No current access to our lending network.
MINIMUM DOCUMENT REQUIREMENTS
VALID DRIVERS LICENSE
A valid drivers license is required to get financing in place. Expired licenses will not be accepted. Temporary licenses without photos will allow a pre-approval until the phyiscal arrives to be submitted.
If your current address does not match your license, you will need to provide proof of address in the form of a utility bill or tennant agreement.
PROOF OF INCOME
Employee Paystubs - must include deductions, year to date and both employer & employee information.
Self-employed will require their most recent NOA, bank statements and invoices showing the matching deposits.
Pension / disability will require bank statements showing the deposits along with a statement of accounts.
SAFETY & SECURITY
Documents are stored digitally and are not produced phyiscally unless required for legal matters.
Our email is encrypted and we remove data on a regular basis as it is no longer needed to process your application.
The Jotform platform for applications is secured and even trusted in the medical field to collect patient information. For more information see Jotform Security.