Below are list of Frequently Asked Questions designed to answer any further queries and detail about securing a loan with LoanTrends.
Who is eligible for a loan?
Below are the criteria to be eligible for a LoanTrends loan. Must be a Canadian resident. Must be 18+. Must have a stable paycheck (employed).
Are these loans designed for personal or business use?
We’ve designed our loans for personal and small business use. Use your loan for: Personal use, Small business startup costs, Equipment repair/replacement, Upcoming bills, etc.
What is the interest rate on these loans? Is it fixed or variable?
Our loans have varying (fixed) interest rates, depending on the loan amount.
How much can you borrow?
We offer loans from $2500-$20,000.