How to apply
Requirements
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:
Name and date of birth
Cell phone number and email
Social Insurance Number if you want to speed up your application
Address in Ontario or British Columbia
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:
Name and date of birth
Cell phone number and email
Social Insurance Number
Address in Ontario or British Columbia
Source and amount of income
Debit card details
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.
