Good Cheddar Personal Loans

Finding online loans can be a challenge when you’re concerned about whether you’ve found a reputable lender. At GoodCheddar, we are not a lender, but work with several that would be a good choice if you are looking to borrow money online.

There are several options when it comes to borrowing, and your credit score often determines which might be the one you would be eligible for.

You could say that you don’t choose the loan, but the type you might qualify for chooses you. Much of the time it is related to your credit and debt to determine your eligibility.

Online Loan Requirements

Many lenders have their own unique requirements or process when it comes to online loan eligibility, but there are some that are common among most.

– Must be a Canadian resident. have an active (Canadian) bank account, and of legal age (usually 18 or older in most provinces

– Employed or have a reliable income (some lenders accept benefits)

It is usually in your best interest to read all requirements along with the terms of an agreement should you be approved and a loan is offered.

Where to Learn More?

Whether this is your first time or you have borrowed online before, we recommend reading the following to learn more or educate yourself on what you need to know.

Banks vs Online Lenders

Installment Loans vs Payday Loans

Personal Loan vs Payday Loans

Personal Loans vs Line of Credit

How to Get a Loan With Bad Credit

What to Know When Applying for Online Loans

How to Borrow Money – Avoid These Loan Mistakes

How Poor Credit Can Prevent Personal Loan Approval

How to Improve Your Credit Score Before Applying For Personal Loans

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Disclaimer: GoodCheddar is a loan comparison website, not a lender. GoodCheddar works with financial service providers that adhere to Canadian laws and regulations. For complete and current information on any specific product, please visit the merchant website. While GoodCheddar is independent, we may receive compensation for featured placement of their products or services from our partners, or if you click on certain links posted on our website. This compensation may impact how, where and in what order products appear. We endeavour to ensure that any information provided on this website is current and accurate, but it is your responsibility to confirm any information with the product or service provider and read the information they can provide. If you are unsure you should get independent advice before you apply for any product or commit to any plan. This site is directed at, and made available to, persons in Canada.