How to apply for a loan?
Before you start applying, you should check what you need to apply for a loan. You will need to provide information about your residence, contact information, SIN, employment, and income, as well as provide a loan amount and salary information.
To be eligible for a loan, you must:
have an active bank account;
be at least 18 years old;
be employed by the same employer for more than three months;
be a resident of Ontario or British Columbia.
Application details
Applications will be reviewed by Credit Club within 1 hour of submission of electronic bank verification within the lender's business day: Business hours are Monday through Thursday: 8:30 am- 4:30 pm. Saturday 10:00 am – 2:30 pm (for email support and transfers).
After you click on the "Apply" button and request a loan, you will see the form where all fields are mandatory. In order to review your application, Credit Club will ask you to provide your first and last name, date of birth, frequency of payments, date of payment, date of last payment from your employer, bank account information, employer contact information, loan amount, home address and length of stay there. Then you will be directed to the next step to confirm your data and sign a contract.
Reasons for rejection
If the borrower does not meet the Credit Club's criteria for applicants, the application may be denied (e.g., age under 18, problems with a stable job).
