Lender
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.

Apply For Mogo

Advertiser Disclosure

How to apply for a loan?

There are different ways to apply for a loan. You can do it online or complete the paper application and mail it to a Mogo branch. For users who want to apply for a loan online, Mogo will provide an instant decision in most cases.

The steps below will show you how easy and fast it is to borrow money from Mogo:

  1. Create a free account. To do it, you need to go to the financial application of the official website of Mogo.

  2. Submit the required information. Once you have created a Mogo profile, you can complete the essential details under "My Details." After that is done, you can submit your application by clicking the "Apply Now" button. You will answer some questions and then submit your loan application.

  3. Review your application. After it is submitted, you will see your loan status at Mogo. When this financial technology company reviews your data, you will receive a notice by email and an SMS to your mobile device. You will know if you have been approved for credit and how much you can borrow as soon as possible after applying.

  4. Get money fast via a direct deposit or cheque/paperless statements. After you have received final approval, Mogo will send a cheque or statement by mail within one day. If the money is electronically deposited directly into your bank account, it can be available in minutes. You can choose whichever way is convenient for you.

Reasons for rejection

Your application may be denied if you have a poor credit score. Generally, you will be rejected if the value of the asset(s) against which you are applying for the loan is less than $25,000. It can be a house, vehicle, or any other type of asset. Suppose you are rejected because your debt is too high, and you would need to pay more than $150 per month on average over the loan term. In that case, you probably will not be approved unless there is a discounted rate or special offer that otherwise qualifies you for a lower interest rate.

Mogo application

FAQ

How long are applications considered?

It might take a few minutes to receive a decision if you apply online. Mail-in applications are reviewed in 7-10 days. If you don't hear anything by phone within 45 days, it might be possible that Mogo has not received your application yet, so you should contact the Customer Care team by sending a request at the "Contact Mogo" page.

How quickly can funds be received?

Funding takes 1-2 business days to be deposited into your bank account. Mogo does not charge a fee. The only charges that may be applied may be from your financial institution if you don't have enough money in your account when the funds are deposited.

Financial products
Mogo
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
$300-$3,500
Rate
i

Effective interest rate on the product

up to 47.7%
Term
i

Loan term for the financial product

open-ended
Mogo
Installment 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
5,000$ - 35,000$
Rate
i

Effective interest rate on the product

up to 29.99%
Term
i

Loan term for the financial product

up to 60 months
Mogo
Personal 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
$500-$15,000
Rate
i

Effective interest rate on the product

up to 46.96%
Term
i

Loan term for the financial product

up to 60 months
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
Mogo
Mortgage
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
Rate
i

Effective interest rate on the product

4.46%
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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 $10.000
Coast Capital Savings
Personal 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
$500-$50,000
Rate
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Effective interest rate on the product

7.5%
Term
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Loan term for the financial product

60 months
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
$500-$10,000
Rate
i

Effective interest rate on the product

up to 46.93%
Term
i

Loan term for the financial product

open-ended
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
to 1500.00 C$
Rate
i

Effective interest rate on the product

147.18 – 599.64 %
Term
i

Loan term for the financial product

1 days – 62 days
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
100.00 – 1500.00 C$
Rate
i

Effective interest rate on the product

88.31 – 2391.07 %
Term
i

Loan term for the financial product

7 days – 62 days
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
Rate
i

Effective interest rate on the product

19.75% - 21.49%
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
Rate
i

Effective interest rate on the product

19.99% - 22.99%
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
from $5,000
Rate
i

Effective interest rate on the product

19.99% - 22.99%
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
Rate
i

Effective interest rate on the product

20.99% - 22.99%
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
Rate
i

Effective interest rate on the product

21.99% - 22.99%
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
$10,000-$100,000,000
Rate
i

Effective interest rate on the product

up to 4.95%
Term
i

Loan term for the financial product

up to 10 years
Think Financial
Mortgage
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
$50,000-$500,000
Rate
i

Effective interest rate on the product

up to 5.19%
Term
i

Loan term for the financial product

up to 25 years
CHIP Reverse Mortgage
Reverse Mortgage
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
$100,000-$500,000
Rate
i

Effective interest rate on the product

up to 7.67%
Term
i

Loan term for the financial product

up to 25 years
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
$1,000-$10,000,000
Rate
i

Effective interest rate on the product

up to 4.94%
Term
i

Loan term for the financial product

up to 40 years
Alpine Credits
Mortgage
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
$10,000-$500,000
Rate
i

Effective interest rate on the product

up to 22.99%
Term
i

Loan term for the financial product

up to 60 months
Calculate loan payments in Mogo

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

Mogo calculator
Interest rates are given in accordance with the rates of the Mogo of 21.05.2024
Loan amount
i

Enter the desired loan amount

CAD
CAD
USD
5000 C$
35000 C$
Loan term
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Specify the loan term for the calculation

months
days
12
60
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