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Lendie is a Canadian lending company offering unsecured personal loans and home equity–based financing to borrowers in Ontario and Quebec. Their products are designed for debt consolidation, home renovations, emergency expenses, and credit rebuilding.
Smarter Loans Expert Review for Lendie
Reviewed by: Vlad Sherbatov, Personal Finance Analyst at Smarter Loans
Lendie is a new Canadian lender that launched in 2025 with a broad and well-structured lending offering. Currently available to borrowers in Ontario and Quebec, Lendie positions itself as a flexible, modern lender supporting both unsecured personal lending and larger, property-backed financing.
What stands out is range. Lendie offers loan amounts from $1,000 to $2,000,000, covering everything from smaller cash-flow needs to large-scale debt consolidation and home renovation financing. This makes Lendie relevant to a wide spectrum of borrowers, from individuals seeking manageable installment loans to homeowners leveraging equity for longer-term financial restructuring.
The process is a clear strength. Applications take about 5 minutes, approvals are often instant, and funded loans are typically deposited within 24 hours. The fully online model, combined with phone and web chat support, keeps the experience efficient without removing access to real help when it is needed.
Lendie’s interest rate range of 5.98% to 34.98% is consistent with Canadian alternative and near-prime lenders. Lower rates apply to secured and home equity loans, while higher rates apply to unsecured products and thinner credit profiles. Importantly, Lendie emphasizes responsible underwriting, including income affordability checks rather than relying solely on credit scores.
Eligibility is realistic for the Canadian market. A minimum credit score of approximately 550 and net monthly income of $1,500 or more place Lendie firmly in the near-prime space — accessible to borrowers who may have been declined by major banks, but structured enough to encourage sustainable repayment.
Representative Loan Example
A borrower who takes a $5,000 unsecured personal loan at 19.99% APR over a 36-month term would have a monthly payment of approximately $185.79, with a total repayment of about $6,688.44. Actual rates and terms depend on credit profile, loan type, and whether the loan is secured.
Bottom Line from Smarter Loans
Lendie is a strong option for Ontario and Quebec borrowers looking for fast approvals, flexible loan structures, and access to both unsecured and home equity financing. It is particularly well-suited for debt consolidation, home-related financing, and near-prime borrowers who want a clear, transparent repayment path.
Products Offered
AMOUNT
$1,000 - $2M
INTEREST RATE
5.98% - 34.98%
TERMS
9 - 60 Months
Personal Loans
Amount & Rates
Loan Amounts:
$1,000 to $2,000,000
Interest Rate Range:
From 5.98% to 34.98%
Final rates depend on credit profile, loan type, security, and term length.
Loan Terms:
9 to 60 months
Eligibility Requirements
To qualify for a loan with Lendie, applicants generally must meet the following criteria:
- Be at least 18 years old (or age of majority in your province)
- Be a permanent Canadian resident
- Live in Ontario or Quebec
- Minimum credit score of approximately 550
- Minimum net monthly income of $1,500 or more
- Income must comfortably cover existing obligations plus the new loan payment
Required Documents
Lendie keeps documentation requirements straightforward. You may be asked to provide:
- Valid government-issued photo ID
- Proof of income
- Void cheque or banking details for direct deposit
- Additional documentation may be requested depending on the loan type and amount.
Funding & Repayment Details
Funding Method:
Direct deposit to your bank account
Funding Speed:
Within 24 hours after approval in most cases
Repayment Options:
- Weekly
- Bi-weekly
- Monthly
Payments are automatically withdrawn from your bank account on the agreed schedule.
Contact information
[email protected]- Toronto, ON
Availability:
British Columbia, Ontario, Nova ScotiaSupport Offered:
- FAQs
- Email Support
- Call Centre
Call Center:
Mon 9-6pm EST, Sat: 10am-5pm EST, Sun: ClosedFrequently Asked Questions About Lendie
What is Lendie?
How much can I borrow from Lendie?
You can borrow anywhere from $100 to $1,500, depending on your income and eligibility. These loans are designed to help with immediate financial needs until your next payday.
What loan terms are available with Lendie?
Lendie offers repayment terms from 9 to 60 months, with flexible payment schedules.
How fast does Lendie fund approved loans?
If approved, loan proceeds are typically sent within 24 hours via direct deposit.
What documents are required?
Applicants are typically asked to provide: - Government-issued photo ID - Proof of income - Void cheque or banking details Additional documents may be requested depending on the loan type and amount.
Can I repay my loan early?
Early repayment terms depend on the specific loan agreement. Borrowers should review their contract carefully for details on prepayment options or fees.
How much can I borrow with Lendie?
Loan amounts range from $1,000 up to $2,000,000, depending on the loan type, credit profile, income, and whether the loan is secured or unsecured.
What interest rates does Lendie offer?
Interest rates typically range from 5.98% to 34.98%. Your final rate depends on factors such as credit score, income, loan amount, term length, and whether the loan is secured.
How long does the Lendie application take?
The online application usually takes about 5 minutes to complete.
Who is eligible to apply?
To qualify, applicants generally must: Be at least 18 years old (or age of majority in their province) Be a permanent Canadian resident - Live in Ontario or Quebec - Have a minimum credit score of approximately 550 - Earn at least $1,500 in net monthly income - Have income that comfortably covers existing bills plus the new loan payment
Does Lendie offer home equity loans?
Yes. Lendie offers home equity loans for homeowners in Ontario, allowing borrowers to access equity at potentially lower interest rates than unsecured loans.
Does applying with Lendie affect my credit score?
Lendie reviews applications responsibly. Any impact on your credit score depends on the stage of the application and whether you proceed with a funded loan.
Lendie Reviews
Avg. Rating: 5.0 (3 reviews)
Straightforward and trans...
“I needed a personal loan to cover some costs around a family event, and I wanted to avoid putting everything on credit cards. Lendie gave me a clear breakdown of the rate, term, and total cost before I committed. No fine print surprises. Funds arrived the next day ...”
Helped me out in a pinch
“My car needed major repairs and I didn't have enough in savings to cover it. I applied with Lendie late one night, had an approval the next morning, and the money was in my account within 24 hours. The rate was fair and the monthly payment fits comfortably into my ...”
Finally consolidated my c...
“I had balances spread across three credit cards and was tired of juggling payments. Applied with Lendie on a Tuesday evening, got approved the next morning, and had the funds in my account within 24 hours. The rate I got was significantly better than what my cards ...”
