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.

Mogo PayOff

Advertiser Disclosure

Repayment of loan

There are various options for loan repayment. It includes the following;

  • Bi-weekly repayments;

  • Monthly repayments;

  • One lump sum installment, plus interest and fees on some loans;

  • Separate loan repayments through automatic digital payments from a bank account or a credit card;

  • Loan repayment by cheque.

Loan extension

Suppose you have chosen the option to make repayments by automatic direct deposits or payments from another source. In that case, your loan will automatically extend if you cannot pay your balance in full when due. Once the extended term has ended, the remaining balance will be transferred to a new loan. Ensure that any payment plans offered with your loan include extending the terms if you need longer than initially planned to pay off your credit.

Early repayment

You can make early loan repayments at any time. There are no penalties applied.

Mogo repayment

FAQ

How can I find out the remaining balance?

To find out the balance remaining, you may contact the Customer Care team by sending a request at the "Contact Mogo" page for the loan amount and the payment schedule you had agreed on. However, if you did not make any payments, the remaining balance would be transferred to a new loan or used to pay off any existing loans.

What to do if the payment has failed?

If the payment has failed, you can contact Mogo's Customer Care team through the official website. If the payment failed several days ago, you should ensure that the loan balance is still applied to your account.

Is it possible to arrange a loan restructuring?

Yes, you may contact the Mogo team and ask for a loan restructuring. You will have to provide all the relevant data regarding your repayment arrangements. If you cannot make installments, there can be some concessions that Mogo may offer, such as choosing a new payment plan or applying for another loan.

What to do if I missed the payment?

The following is certain: you will be charged a late payment fee, and if the missed payment exceeds a certain period, your interest will also increase. However, as long as you made your payment on time for the last six months in a row, Mogo can disregard any missed payments. If you miss any of these six payments, you might not have enough credit history to be approved for another loan with Mogo.

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®
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
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
i

Effective interest rate on the product

7.5%
Term
i

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
1000.00 – 5000.00 C$
Rate
i

Effective interest rate on the product

19.90 – 45.90 %
Term
i

Loan term for the financial product

6 months – 36 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
from 1000.00 C$
Rate
i

Effective interest rate on the product

from 14.40 %
Term
i

Loan term for the financial product

to 1 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
50.00 – 850.00 C$
Rate
i

Effective interest rate on the product

to 22.00 %
Term
i

Loan term for the financial product

3 months – 4 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
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 26.05.2024
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CAD
USD
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Loan term
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months
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