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Affinity Loans of february 2023

Get an Affinity loan verified by our specialists. On 08.02.2023 there are 9 options available to you. Increase your chances of getting a loan — fill out an application with a free credit rating check.

Offers: 9

Updated
06.01.2023
11:28
Quick Loan
Rating by Finanso®
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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.

Recommended FinScore™
0
300
650
1000
Line of Credit
Rating by Finanso®
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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.

Recommended FinScore™
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300
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1000
Credit Builder Loan
Rating by Finanso®
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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.

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1000
Get Your FREE Quote Today!
Get Your FREE Quote Today!

Take advantage of our loan selection system with a free credit check!

Graduate Student Quick Loan
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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.

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300
650
1000
up to $200,000
Personal Loan
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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.

Recommended FinScore™
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1000
Restart Loan
Rating by Finanso®
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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.

Recommended FinScore™
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300
650
1000
Student Quick Loan
Rating by Finanso®
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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.

Recommended FinScore™
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300
650
1000
up to $60,000
Take 10 RRSP Loan
Rating by Finanso®
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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.

Recommended FinScore™
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300
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1000
starting at $5,000
Term
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Loan term for the financial product

up to 10 years
RRSP Quick Loan
Rating by Finanso®
i

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.

Recommended FinScore™
0
300
650
1000
Term
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Loan term for the financial product

12 months

Affinity loans calculator

Calculation of a loan from any bank
Loan amount
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Specify the desired loan amount

CAD
CAD
USD
1000 C$
50000 C$
Loan term
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months
days
1
120
Interest rate
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Choose the interest rate on the loan

1 %
50 %

Online loan application

Loan amount
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1000 C$
50000 C$
Loan term
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1
120
Online loan application
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Loan amount
0 C$
Loan term
0 months
Loan comission
700 C$
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Other types of loans

How to get a loan at Affinity?

1. Fill out an application
1. Fill out an application

On our website you can fill out a short application form for a loan.

2. Pass a credit check
2. Pass a credit check

We will offer you to check your credit rating online for free.

3. Send your application online to the suggested companies
3. Send your application online to the suggested companies

After checking your credit rating, you will be able to send the loan application to the appropriate companies.

4. Wait for a response from the lender
4. Wait for a response from the lender

If necessary, the lender will contact you to clarify the details.

5. Get your loan!
5. Get your loan!

Get the money to your bank account or in cash at the bank branch.

Apply for a loan Your data is securely protected

GoDay
1.6
JUDGEV
JUDGEV
26.05.2022 at 15:46
the application is easy and takes less then 5 mins to fill out. but the funding time is quite long. if looking for instant funding then its not here...
Review
Affinity Loans of february 2023

Types of Affinity loans

For Saskatchewan residents willing to get financing for any of their borrowing needs, there is a range of lending solutions at Affinity Credit Union.

  1. Personal Loans provide financing at a competitive variable rate which is as low as the Prime Rate plus 1.00%. In addition, you can use a personal loan to consolidate your other debts under one loan with favorable conditions.
  2. RRSP Loans enable you to optimize your RRSP contributions and get a tax deduction from them. You can choose between a 12-month Quick RRSP Loan with an interest rate equal to the Prime Rate plus 0.50% and a 10-year Take 10 RRSP Loan with the rate of the Prime Rate plus 1.00%.
  3. Education Loans from Affinity aim to help post-secondary students cover their education-related expenses. With these loans, you can pay only interest during your studies and 24 months after graduation. Depending on the program of your enrollment, you can get financing of up to $200,000 at a rate equal to the Prime Rate plus 1.00%.
  4. Restart Loans from Affinity are a more affordable alternative to payday loans. With this loan, you can borrow between $200 to $3,000 at a 17.99% interest rate and repay your debt in up to 24 months.
  5. Credit Builder Loans. With a this loan, you can borrow funds to invest in a term deposit or a TFSA Term Deposit. These cash-secured loans provide competitive interest rates and help you build your credit history. You can repay a credit-builder loan within a year and withdraw your investment upon the full loan repayment.
  6. Lines of Credit provide revolving access to financing amounts of up to a set limit. You can access your funds whenever you need them and pay interest only on the amount you actually use. Once you repay your balance, there is no need to re-apply for a line of credit. Affinity offers two options for a line of credit — a Line of Credit connected to your chequing account and a Quick Loan that’s not linked to a chequing account. Interest rates for Affinity lines of credit equal the Prime rate plus 2.50%.

How to apply for an Affinity loan?

To apply for a loan from Affinity, you can fill out an online pre-qualification form on the website. The form will request the following details from you: your personal information, address, income, information about the assets you own, financial obligations you have, and the desired loan amount.

Alternatively, you can book an appointment with an advisor or call Affinity at 1.866.863.6237.

Requirements

To apply for a loan from Affinity, you must be a Canadian resident aged at least 18 (the age of majority in Saskatchewan). To apply for an education loan, you must be enrolled in a program from an accredited post-secondary educational institution.

When applying for a loan, be ready to provide the following:

  • Income verification
    •  the last two paystubs or a letter from your employer plus either your most recent T4, NOA, or the previous year’s paystub for salaried employees;
    • copies of your T1 General and T2125 for the last three years for self-employed individuals or business owners;
    • business owners running a corporation or partnership should also provide the financial statements for the last three years.
  • The list of assets you own
  • The list of liabilities you have

When applying for Education Loans, you must also provide proof of your enrollment — either the Proof of Enrolment (POE) letter from the Registrar’s office, an invoice or receipt of tuition payment, Registered Education Savings Plan (RESP) Verification of Enrolment form, or the course schedule.

In certain cases, you may need to come with a guarantor for your loan.

Pros and cons

The advantages of Affinity loans are:

  • A variety of options for different borrowing needs
  • Competitive borrowing rates
  • Online pre-qualification available

Here are the disadvantages to be aware of:

  • Limited geographic availability of Affinity’s lending solutions

How to make a payment?

You can make a loan payment in any of the following ways:

  • By transferring funds between your accounts via online, mobile, or telephone banking and through an ATM
  • By depositing funds through an ATM
  • By paying in person at your local Affinity branch

FAQ

What determines how much I can borrow from Affinity?

Many factors determine the amount you can borrow. When reviewing your loan application, Affinity advisors will look at your credit history, credit rating, the assets you own, and the financial obligations you have.

What will my Affinity loan payments look like?

To get an idea of what your loan payments can be, you can use a loan payment calculator. To proceed with the calculations, enter the values for the essential loan parameters — the loan amount, loan term, payment frequency, and interest rate — into the designated fields.

What are the proven ways to improve my credit rating?

The most common way to build good credit is by making loan payments on time. Doing so consistently for years will result in a good credit score. 

If you’ve never borrowed, you won’t have a credit score at all. So, to start building your credit rating, you will need to borrow. Opening a credit card or getting a personal loan are good ways to start building your credit history. With a credit card, you can periodically request an increase in your credit limit and manage it responsibly.