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Cambrian Loans of february 2023

Get a Cambrian loan verified by our specialists. On 08.02.2023 there are 4 options available to you. Increase your chances of getting a loan — fill out an application with a free credit rating check.

Offers: 4

Updated
06.01.2023
12:20
Home Equity 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™
0
300
650
1000
up to 80% of home value
Personal Line of Credit
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
Personal 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
Get Your FREE Quote Today!
Get Your FREE Quote Today!

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

PayOff 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

Cambrian 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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Specify the loan term for the calculation

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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Enter the desired loan amount

1000 C$
50000 C$
Loan term
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Specify the loan term for the calculation

1
120
Online loan application
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Loan amount
0 C$
Loan term
0 months
Loan comission
700 C$
More

Other types of loans

How to get a loan at Cambrian?

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
Cambrian Loans of february 2023

Types of Cambrian loans

Cambrian Credit Union provides various lending solutions for the different borrowing needs of clients.

  1. Personal Loans. With a personal loan, you can get financing for any of your borrowing needs. Personal loans involve a set payment schedule so that you can pay off the debt as planned. The interest rate you will qualify for is subject to credit approval.
  2. PayOff Loan also known as a consolidation loan allows you to pay off higher-interest debt with a personal loan that charges a lower rate. Instead of making multiple payments by their due date, you can make one monthly loan payment. With a payoff loan, you can save thousands of dollars in interest and become debt-free faster.
  3. Line of Credit provides you with financing up to an approved credit limit that you can use whenever you need it. With a line of credit, you can pay only interest on the amount you borrow.
  4. Home Equity Line of Credit enables you to borrow up to 80% of your home’s value. The rate you will qualify for is subject to credit approval, although it is typically lower than a personal loan rate.

How to apply for a Cambrian loan?

You can apply for a Cambrian loan online. Go to the Cambrian website, select “Apply” from the top navigation menu, and click “Loan”. Then, fill out an online application form with the following details:

  • Your email
  • Whether you are a Cambrian Credit Union member
  • Whether you have completed Cambrian's mortgage affordability calculator
  • Whether you are already working with a Cambrian Loans Officer for this application
  • The product you are applying for
  • The borrowing purpose
  • Whether it is a joint application
  • Whether the loan will be used by or on behalf of a third party
  • Your first name
  • Your last name
  • Your date of birth
  • Your phone number
  • Your email
  • Your address
  • Your housing status
  • Whether you have lived at this address for more than 2 years
  • Your employment status
  • Your employer’s name
  • Your job title
  • For how long you have been working there
  • Your monthly gross income
  • Your other income
  • The financial obligations you have (check all that apply)
  • The assets you own (check all that apply)

Once you fill out the required fields, review your applicant information and click the “Submit” button.

Alternatively, you can book an appointment with a Cambrian advisor.

Requirements

To apply for a loan from Cambrian, you must be a Canadian resident of at least 18 years old.

There is no need to be a Cambrian member to apply for a loan.

When reviewing your loan application, Cambrian advisors will look at your credit score, income, assets you own, and financial obligations you have. When granting a loan approval, Cambrian usually looks for a credit score of 625 or higher.

Pros and cons

The advantages of Cambrian loans are:

  • Lending solutions for different borrowing needs
  • An opportunity to apply online
  • Availability of loans to non-members
  • Easy management of your loan through online and mobile banking

Here are the disadvantages to be aware of:

  • The lack of transparency about the borrowing rates
  • The availability of loans to Winnipeg and Selkirk residents only

How to make a payment?

You can have your loan payments deducted automatically from your bank account. You can also transfer funds between your accounts via online or mobile banking or pay in person at a Cambrian branch near you.

FAQ

How much will I have to pay for my loan monthly?

To get an idea of your regular loan payments, you can use an online loan payment calculator tool. To proceed with calculations, enter the essential loan parameters — the loan amount, payment frequency, amortization period, and interest rate — into the designated fields.

What happens in case of delayed loan payments?

In case of late loan payments, penalties may apply. Penalties, in turn, may negatively impact your credit rating.

To prevent these unwanted situations, contact Cambrian beforehand if you feel like you may be late on your loan payments.

Can someone else pay for my loan?

Anyone can pay for your loan. Keep in mind though that you as a borrower are the only person who is legally responsible for your loan repayment.

You can visit your Cambrian branch to arrange the repayment of your loan by someone else.