Lending Mate Guarantor Personal Loans Canada

Lending Mate

Avg. Rating: 4.8 (6 reviews)

IMPORTANT UPDATE : Effective June 2022, Lending Mate no longer operates in Canada.

Here are some alternative options for personal loans in Canada:

Please consider the following alternatives to guarantor loans that used to be offered by Lending Mate:

Outdated Content Follows:

Who are we?

Lending Mate has been operating in Canada since 2017 providing loans to Canadian residents who were being left out by other mainstream lenders. Although we’re new in Canada, our sister companies have been lending around the world since 2005, and to date, we’ve lent over $1BN globally. Not heard of a guarantor lender before? Carry on reading for more information.

An old-fashioned idea

Back in the good old day’s banks worked on relationships and trust. If you wanted a loan your local bank would often simply ask for someone who trusted you to guarantee it. Then things changed, computer credit scores took over and millions of people were left out in the cold because their score didn’t fit. We knew what it was like to be rejected so we built the old-fashioned guarantor loan company that we would want to borrow from.

Decisions made by real people

We don‘t just let computers decide if you can borrow. It doesn’t matter if you have bad credit or are self-employed – the most important thing for us is that you have a friend or family member who trusts you enough to guarantee to make repayments if you don’t, and that you can afford to repay the loan. Before we pay out any guarantor loans, we have a chat over the phone with both you and your guarantor to ensure we’re all on the same page. We base our decisions on simple common sense.

No fees ever

When times get tough the last thing you need is someone making money from your problems. We NEVER charge for late payments, letters, early settlement or anything else.

Frequently Asked Questions About Lending Mate

What is LendingMate?

LendingMate has been operating in Canada since 2017 providing loans to Canadian residents who were being left out by other mainstream lenders. Although they're new in Canada, their sister companies have been lending around the world since 2005, and to date, have lent over $1BN globally.

Is LendingMate Safe?

LendingMate is a lender that offers guarantor loans. They offer loans in three provinces (Ontario, Quebec, British Columbia) and don't charge any fees for late payments, letters, or early debt repayment. LendingMate offers guarantor loans, they're an option for someone whose application for a standard loan is turned down. LendingMate funds thousands of loans each year and 95% of borrowers are approved with a guarantor.

What Products and Services Does LendingMate Offer?

LendingMate offers a guarantor personal loan that's fast, flexible and straightforward.

How Much Can I Borrow from LendingMate?

A LendingMate loan ranges from $2,000 to $10,000.

What Is the Interest Rate on a LendingMate Loan?

The interest rate on a LendingMate loan is 43%.

What Is the Term Length for a LendingMate Loan?

The term length for a LendingMate loan is between 12 to 60 months long.

How to Qualify for a LendingMate Loan?

Canadian residents that are of age can qualify for a LendingMate loan if both the borrower and guarantor fill out a short application form that includes both parties providing government identification, bank statements, and the guarantor may also need to share proof of home ownership.

Can I Apply Online for a LendingMate Loan?

Yes, make an application online, share how much you'd like to borrow and over how many months. Once received, your guarantor will need to complete their part of the application. After that things go offline and your guarantor will get a quick call to confirm details and arrange paying out the money.

How Fast Can I Get a Loan from LendingMate?

LendingMate aims to pay out every loan within 24 hours of the guarantor being accepted. They pay the money into the guarantor's bank account, for them to give to you.

How Will LendingMate Send Me the Loan?

LendingMate will pay out the loan into your guarantor's account and they could either transfer you the money, give you cash or a cheque, whichever is best for you both.

How Does Loan Repayment Work at LendingMate?

LendingMate makes repaying your loan simple and stress-free. When LendingMate pays out the money, they'll set up a monthly direct debit and collect your debit card details.

Which Provinces Is LendingMate Available in?

LendingMate operates in Ontario, British Columbia and Quebec.

What Kind of Customer Support Does LendingMate Offer?

You can contact LendingMate's customer support directly through their call centre or online through email support.

What are LendingMate Working Hours?

You can apply for a LendingMate loan anytime online, 24/7. However their call centre hours are from Monday to Friday between 9AM to 6PM EST.

Excellent Service

If you are able to get a guarantor for your loan, Lending Mate will get approved and funded fast and easy. I highly recommend!

Jason B.

Big Help

You helped me when I needed it most. Thank you Lending Mate

Corinna M.

Great Service

Great customer service. Reliable and very professional. Thank you very much

Webster Z.

The Best Loan Company

Lending Mate is the right company to turn to when you are at the end of the tunnel. The staff is extremely friendly and helpful. We got a loan from hassle free. Our repayment plan is very easy and less stressful. I highly recommend Lending Mate 100%.

Dolorita McKie

After paying off my first loan

After paying off my first loan, LendingMate allowed me to re-borrow in an instant. There were no hassles. Everything went smoothly.

via. Trustpilot

Dolorita

Got approved

I had a tough time getting approved for a loan before I got connected with Lending Mate. My credit isn't great but they were able to find me a guarantor and I got a loan for $2,500 to repair my truck. Satisfied with my experience.

Brian