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Rating by Finanso®

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

BC Loans's pay off


Repayment of loan

Your repayment schedule is based on the frequency of your pay.
You are responsible for ensuring that your account has sufficient funds for debt paying off.
Your payments will be deducted directly from your bank account over a 3-month repayment period.

Any missed payments shall be put to the end of your term with a $45 insufficient funds charge. The applicable interest is charged at 2.66% per month or 32% per annum.

If you need to defer a payment, you must call 48 hours in advance; this will result in a $25 fee and will be added to the end of your contract. Loans repaid properly show goodwill and make the renewal of your loan hassle-free.

Conditions of loan extension

Your signature indicates your agreement to the repayment plan. Making payments on time is mandatory. On-time repayment will help you avoid penalties and collection proceedings that would increase your debt burden.

If you have difficulty making monthly payments on time, you must properly notify the company. The borrower must contact BC-Loans within 48 hours by phone at 1-877-471-4589 or by email at

Early payoff

The company's procedures offer the possibility of paying off your debt in full within 2 days of approval. In this case, the borrower can reduce their financial burden as there are no fees. In this case, the borrower must either authorize a direct withdrawal of the entire amount or send an Interac transfer to BC-Loans. This early repayment is completed only after confirmation by the company's bank.


How do I make a payment of BC-Loans?

Payments to BC-Loans are made by direct transfers from the borrower's account in the form of authorized withdrawal done by the lender or via Interac transfer.

What happens if I don't pay back BC-Loans?

If the borrower fails to comply with the repayment schedule and does not repay the loan, the company will use the collection and court procedures provided by law to recover the debt. The borrower is responsible for all legal expenses. The uncollected debts are prosecuted to the full extent of the law.

Can you pay BC-Loans early?

According to available information about the company procedures, early repayment could be done only according to the available information on the company's procedures, early repayment can be made within 2 days after approval of the borrower's application.

Can BC-Loans sue you?

According to the information available, BC-Loans may apply all types of collection procedures permitted by applicable legislation to bad debtors, including court proceedings, and the borrower is responsible for all legal expenses.

Financial products

BC Loans
Personal loan
Rating by Finanso®

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

500$ - 750$

Effective interest rate on the product

23% - 34.4%

Loan term for the financial product

up to 3 months

Calculate loan payments in BC Loans

BC Loans calculator will allow you to calculate an approximate payment schedule for the loan

Loan amount

Enter the desired loan amount

500 $
750 $
Loan term

Specify the loan term for the calculation


What to pay attention to when applying for a loan from BC Loans

  1. The company must have a license if it runs business in Alberta, British Columbia, Manitoba, Ontario and Quebec.
  2. You can check the availability of the relevant license (copy) at the branch of the lending company.
  3. Membership in a self-regulatory organization (SRO) is an additional guarantee of the reliability of the lending company. This information can also be checked at the company's branch or on its official website.
  4. Availability of lending policies.
  5. The procedure for applying for a loan.
  6. The procedure for concluding the loan agreement and receiving the payment schedule.
  7. Other conditions for granting loans.

We recommend

  1. To check out the interest rates and frequency. 
  2. Check the availability of individual terms in the loan agreement (principal amount, term, date of advance, etc.).
  3. Check whether the loan agreement contains information about the total cost of borrowing.
  4. Take time to think – you can change your mind before agreeing or signing a loan agreement.
  5. Speed of loan processing.
  6. Accessibility – alternative lenders often operate where there are no bank branches.
  7. For the borrower - high interest on the loan.
  8. For an investor, the safety of funds is not guaranteed by the state.

What distinguishes BC Loans from banks:

  1. Simplicity - loan processing is less formalized than in a bank.
  2. Fast loan processing.
  3. Accessibility.
  4. For the borrower - high interest on the loan.
  5. For an investor, the safety of funds is not guaranteed by the state.
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All BC Loans’s reviews by September 2022
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