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.
Products Offered
AMOUNT
$2,000 - $10,000
INTEREST RATE
34.9% - 43%
TERMS
12 - 60 Months
Guarantor Personal Loan
Conditions & Rates
Interest rate43% Amount $2,000 – $10,000 Term12 – 60 Months
Eligibility & Documents
Who is eligible
- Canadian citizen or permanent resident
- Must of age in your province
-
To apply for a Lending Mate loan, both the borrower and guarantor will need to fill in a short application form. Below you can find some of the documents which may be needed during the application process:
What you need to provide
- Borrower
- Government issued ID
- Bank statements (if required)
- Guarantor
- Government issued ID
- Bank statements (if required)
- Proof of home ownership documents (if applicable)
Repayment & Issuance
How fast can you get the money Within 48 hours Funding method Direct Deposit How does repayment work Monthly payments from bank account
Contact information
hello@lendingmate.ca- Suite 1508, 180 Dundas ST West, Toronto, Ontario, M5G 1Z8
Availability:
Ontario, British Columbia and QuebecSupport Offered:
- Email Support
- Call Center
Call Center:
Monday to Friday 9.00-18.00 ESTFrequently Asked Questions About Lending Mate
What is LendingMate?
What Products and Services Does LendingMate Offer?
LendingMate offers a guarantor personal loan that's fast, flexible and straightforward.
What Is the Interest Rate on a LendingMate Loan?
The interest rate on a LendingMate loan is 43%.
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.
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 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.
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.
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.
How Much Can I Borrow from LendingMate?
A LendingMate loan ranges from $2,000 to $10,000.
What Is the Term Length for a LendingMate Loan?
The term length for a LendingMate loan is between 12 to 60 months long.
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 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.
Which Provinces Is LendingMate Available in?
LendingMate operates in Ontario, British Columbia and Quebec.
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.
Explore more
Lending Mate Reviews
Avg. Rating: 4.8 (6 reviews)
Excellent Service
August 9, 2018
“If you are able to get a guarantor for your loan, Lending Mate will get approved and funded fast and easy. I highly recommend!”
Big Help
September 21, 2018
“You helped me when I needed it most. Thank you Lending Mate”
Great Service
September 21, 2018
“Great customer service. Reliable and very professional. Thank you very much”
The Best Loan Company
December 30, 2018
“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%.”
After paying off my first...
February 21, 2019
“After paying off my first loan, LendingMate allowed me to re-borrow in an instant. There were no hassles. Everything went smoothly.
via. Trustpilot
”
Got approved
September 12, 2019
“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. ”
