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Lender
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.

MDG's application

Finanso.Multilogin™

How to apply

The first step to visit the MDG Canada lending company official website and to fill out the application form. Some personal details are required in the online applications.

The second step is to get prequalified for credit limit up to $3,200. This happens when you press the prequalified instantly button, which means you have given the MDG Computer Canada Inc. permission to gather information on your employment and to conduct an initial credit assessment and make the necessary verification prior to approve financing. You will also have given the company permission to collect personal credit assessment reports on you from time to time. You will receive feedback from MDG Canada about credit assessment reports, including the source's identification details.

The third step is the shop & check-out stage. When you have finally been approved for shopping for whatever, you would have seen on the website, flexible payment terms will be put in place for you.

Requirements

For anyone to be granted a loan, specific terms must be met. They include the provision of

  • Email address,

  • Both your first and second name;

  • Date of birth;

  • Current address;

  • Home phone number;

  • Cell phone number;

  • Social insurance number;

  • Monthly income and source of income;

  • Living arrangements.

FAQ

How long are applications considered?

Filling the MDG prequalified online application form may only take 5 to 10 minutes of your time.

How quickly can funds be received?

The funds are given to the applicant immediately after the final approval. To enable them to purchase whatever it is that brought them to the website in the first place.

Reasons for rejection

  • Failure to repay your previous MDG loans;

  • Failure to provide all the required information;

  • Lack of means of payment for your loan.

Delivery process

After the last verification team has confirmed the down payment, the delivery begins. The order processing may take a day or two depending on things like:

  • How close is the nearest warehouse. Suppose the items you require are situated at a nearly lactated warehouse. There is a possibility of getting your package sooner than expected.

  • Size of the package. Large and heavy multiple items cannot be put in the same courier as smaller items.

  • Type of the package. Delicate or breakable items should be well taken care of hence being placed in a separate courier capable; of handling such things. Limited time free shipping is applied for a minimum purchase with the amount of $2,000 before taxes and shipping.

  • Location to where the package is heading to. Packages heading in the same direction should be placed in the same courier. Free standard shipping is not applied to remote locations.

To plan a scheduled delivery that is supposed to take place between 7-15 working business days after the prior verification date. One of the organization's delivery agents will communicate with the client in 3-5 days to remind about the delivery.

There are occasions when a client may order several packages; the packages may be shipped separately with separate couriers hence the packages arriving and different intervals.

Clients are advised to track their order status by signing in to their accounts and viewing the order tracker is specifically made for a client to consider how far their shipment has gone and when to expect its arrival.

Clients want their eligible items to be delivered at a PO Box address. At the time of delivery, they will be required to provide information about their house number, street name, and a signature from a resident aged 18 and up.

Calculate loan payments in MDG

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

Loan amount
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Enter the desired loan amount

CAD
CAD
200 $
3200 $
Loan term
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Specify the loan term for the calculation

months
days
12
36

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

  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 MDG 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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