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LendingMate's application


How to apply


To apply for a personal loan just visit the LendingMate official website, click the «Apply» button, and fill out the application. What do you need to apply for a loan:

  1. Name and date of birth

  2. Cell phone number and email

  3. Social Insurance Number if you want to speed up your application

  4. Address in Ontario or British Columbia

  5. Loan amounts and terms

If you had a bankruptcy in the past, you still could qualify for bad credit loans. It's important to don't have an active bankruptcy or consumer proposal at the date of your application.

The guarantor should be ready to fill out his part of the application. The information includes:

  1. Name and date of birth

  2. Cell phone number and email

  3. Social Insurance Number

  4. Address in Ontario or British Columbia

  5. Source and amount of income

  6. Debit card details

  7. Title Deeds and mortgage statements from within the last 12 months (if you want to prove the guarantor is a house owner).

The guarantor could be self-employed or retired as long as he has a strong credit history and no debt problems. He doesn't have to be a house owner in Canada, but it's likely to faster the approval, so it's recommended to find a person who has a house. The guarantor should prove the income to show that he will be able to make repayment of your loan instead of you despite the high-interest rates.

Application details

LendingMate offers fast guarantor loans. They claim your application will be approved within 24 hours after the guarantor is accepted. Most loans are paid out within 48 hours.

The company works Monday to Friday 9.00 am — 7.00 pm

It is easy to apply for a guarantor loan, however, your application could be declined. Why it is possible:

  • You don't have any guarantor

  • Your guarantor or you don't live in Canada, don't understand English

  • Your guarantor or you aren't a Canadian resident age 19-75

  • Your guarantor has a bad credit score

  • You share finance with your guarantor

  • Your guarantor or you are bankrupt

  • Your guarantor or you haven't settled previous lending mate loan payments

All personal guarantor loans are subject to credit and underwriting approval.

You have found a reliable guarantor and are ready to get a guarantor loan with LendingMate services? Requesting a loan is available quickly and easily.

Go to the LendingMate official website and click the «Apply» button to fill out the application form, it will take you about 5 minutes. On the next screen choose the purpose of the LendingMate guarantor loan. Provide your info and details about the guarantor loan you claim to get: name, address, cell phone number, email, social security number, and amounts of the loan. Click the "Next" button.

Go to the new screen and click the "Accept" on a signed document. It is LendingMate pre-approval reviews.

Then fill in the Account Holder Name as it appears on your bank statement, Account Number, Institution Code, Transit Code, and select first Payment Date. Click the "Accept" button.

Wait for a link and forward it to your guarantor. It's up to him to provide information and let LendingMate decide whether he suits their requirements. The guarantor will need to fill out the application: name, date of birth, address, cell phone number and email, relationship, Social Insurance Number, monthly income, title deeds, and mortgage statement (if want to prove he is the house owner).

Your guarantor and you should be ready to receive a call to finalize the application.


How long does it take to get approved by LendingMate?

Your application could be approved within 24 hours after your guarantor is accepted. The money will be sent to the guarantor's bank account within 48 hours if your guarantor and you both:

  • provide all necessary documents

  • receive a call from the lender

  • and it's not the weekend.

How trustworthy is LendingMate?

Thousands of people in Canada have already used LendingMate to get their guarantor loans. You could look up LendingMate reviews on the internet.

The business is based on the reliability of the guarantor who has a good credit score and no financial problems, ready to pay back the primary borrower's personal loan if he can't.

There are Privacy Policy and Terms of Use pages on the lender website which you could explore. Customers' personal information is protected from unauthorized access, etc.

Does LendingMate verify income?

Yes, your guarantor and you should prove that the income lets you take a credit, cover repayments, and live a normal life. However, you don't have to work full-time. Lendingmate loans are available for self-employed, retired, people with no credit history or with bad credit in the past.

If information about your guarantor or your income have changed you should contact the lender. All LendingMate guarantor loans are subject to credit and underwriting approval.

Does LendingMate hurt your credit score?

If your guarantor and you both don't pay the repayments, the lender will go to the court to collect a debt and it will affect your credit score and credit file.

Calculate loan payments in LendingMate

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

Loan amount

Enter the desired loan amount

2000 $
10000 $
Loan term

Specify the loan term for the calculation


What to pay attention to when applying for a loan from LendingMate

  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 LendingMate 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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