How to apply for a loan?
Requirements
goPeer business is operating online. It's easy, quick, and paperless. It's working to help every ordinary Canadian cope with financial problems.
Therefore there are some requirements if you want to get any peer-to-peer loan.
What do you need to apply:
1. Go to goPeer site gopeer.ca
2. Fill out the online Borrower Questionnaire with your personal information.
The data that will be needed or verified during the application:
• Government Photo ID (driver's license or other proof of identification)
• Your credit report and credit score
• Your latest bank statements (or other proof of income)
• A recent utility bill (or other proof of address)
• A pre-authorized debit form or VOID cheque (for deposits and payments)
All the information is confidential and collected to evaluate the client's ability to take and pay back loans.
3. Review and submit your application.
4. Wait until an analysis department verifies your information and gives approval in 24 hours.
5. When a lender accepts your request, you will receive loan offers to choose the most relevant one.
6. A loan should be paid out by direct deposit as the lender fully funded it within two business days.
Application details
An application form could be filled out and submitted 24/7. The entire peer-to-peer loan application process can be completed online.
If all the information you provided is accurate, you could be given an instant decision. Otherwise, if a piece of additional information is required, you will be contacted by the team requesting the necessary information.
Once all needed information is received, the decision will be made within one working day.
The loan will be paid out within two days as the lender fully funds your loan; in some cases, it takes 2-4 days, depending on the bank.
There are reasons why your application may be rejected: goPeer specialists consider the loan's affordability, your credit score, and past credit history.
Be sure to meet the requirements like the amount and source of income, a verified Canadian bank account and residency, a credit score over 600, etc. Also, check if you provide all the required information correctly.
1. Go to the goPeer official website and click the "Borrow" button.
2. You open the screen with the general information about loans with goPeer and requirements. Click the red button "Apply today."
3. Then, you can see the screen with the requirements and a Borrower Questionnaire. Click "Continue."
4. Choose an amount of the loan using a slider. It could be any sum from $1,000 to $25,000.
5. Specify the purpose of your loan choosing from credit refinancing, debt consolidation, bills/expenses, home renovation, education, business, etc. Click "Continue."
6. To sign up, fill in your name and email.
If you provide all vital information accurately, the decision could be made quickly. If the team needs to verify and request more details, its agent will contact you. Typically within 24 hours, you get a response.
Once approved, your loan will be posted on the platform for investors to invest in your loan. You should receive loan offers on your goPeer dashboard if approved.
The loan offer you receive is assigned a grade ranging from A+ to E with a corresponding interest rate, origination fee, and annual percentage rate. You could compare different loans and choose the most suitable.
Your loan will be funded by an anonymous lender by direct deposit on your bank account within two business days.
