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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.

Think Financial's application

Finanso.Multilogin™

How to apply

Before applying for financing, you should familiarize yourself with the products offered by the Company and with an example of loan approval that you can find if the FAQ section.

To accept an application from a client, the Company will need to know: their personal information, telephone, and email address, place of residence, type of mortgage and amount, current living status, and the number of applicants. Also, the Company will require to specify the current place of work, position, duration of work, and average income. The lender will receive all the data they need online.

Application details

After the Company has received the completed loan application and all of the supporting documentation, the next steps of the procedure can take up to 40 days to complete.

The time required for the underwriting procedure is variable, depending on your circumstances.

The most common causes of loan applications being denied are having a low credit score or a poor credit history, having a high debt-to-income ratio, having an unstable employment history, not having enough income to cover the desired loan amount, or an application that is missing important information or paperwork.

If the client is sure they want to take out a mortgage with this company; they need to click on the Apply button in the upper right corner of the screen. He will then see the Mortgage Application in front of him. He will need to provide all of his information, contact information, application details, and additional information regarding his address, workplace, and income.

FAQ

What credit score do you need for THINK Financial?

THINK Financial declares its preference for clients with a good credit score. In Canada, according to Equifax, a good credit score is usually between 660 to 724.

What are the requirements for THINK Financial?

Having sufficient income to meet obligations, a good credit history, providing all required documents

How long does it take THINK Financial to deposit?

Financial states that the mortgage must fund within 40 days of the loan application date.

Calculate loan payments in Think Financial

Think Financial 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
50000 $
500000 $
Loan term
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Specify the loan term for the calculation

years
months
5
25

What to pay attention to when applying for a loan from Think Financial

  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 Think Financial 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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