Fora

Fora credit is a company that offers open-end Lines of Credit from $1,000 to $15,000. A Line of Credit provides the financial flexibility in a credit product you have been looking for. Applying for a Line of Credit from Fora is easy and completely online. You do not have to visit a storefront or leave the comfort of your home.

We aim for credit inclusivity and strive to provide the best and most convenient online experience.

Fora Credit limits are between $1,000 and $15,000.

In order to qualify for an online Line of Credit from Fora loans, you must, at a minimum: - Be a Canadian citizen or permanent resident with a valid government-issued identification; - Be a resident of and legal age of majority in the applicable province/territory; - Have an open and active personal bank account; - Have a consistent source of income; - Receive income through direct deposit; and - Have a valid contact number and an active email address.

Requested funds will be deposited directly into your bank account.

Fora is proud to offer the flexibility of a Line of Credit and serve Canadians from different parts of the country. Currently, we are serving residents of Alberta, British Columbia, New Brunswick, Nova Scotia, Ontario, and Saskatchewan but additional provinces and territories will be operational in the future. Check back often to see if a Line of Credit from Fora is available where you reside.

Absolutely. Here at Smarter Loans we only work with verified and regulated businesses and only recommend services to our users that we have reviewed and verified in order to keep Canadians safe from scams.

We’re committed to the security of your information using industry-leading technologies and best practices to protect your data and privacy. Trust your personal information is secure with 256-bit encryption.

Fora offers a Line of Credit.

The annual interest rate for a Line of Credit from Fora ranges from 19.9% to 34.9%. Actual rates may vary and are subject to eligibility, underwriting and creditworthiness. There are no application fees, annual fees, draw fees or late fees on your Line of Credit from Fora loans.

If approved and you have requested a draw, funds will typically be deposited into your bank account the same business day; timing of funding may vary. The date and time the funds are made available to you by your bank are subject to your bank’s policies. For specific funding cut-off times, visit the FAQs on Fora’s website.

With a Line of Credit from Fora, you only pay interest on what you draw, not your entire credit limit. If you have an outstanding balance, you will be required to make minimum payments with will generally correspond with your income frequency. Each minimum payment will include a contribution to your outstanding principal balance to ensure you are always paying down your Line of Credit. You can always choose to make additional payments in order to pay down your Line of Credit sooner. There are no early payment penalties.

If you have an open account with Fora Credit then you will have access to an online account where you can manage it. If you are unsure of your Fora login details then reach out to their customer service team who can assist you.

Yes, at the time of writing Fora Loans have been reviewed four times by our users and have a 5-star review rating with us.