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motusbank

Avg. Rating: 5.0 (1 review)

A new movement in banking – full service, super simple and incredibly convenient.

Wondering how to pay for a new… or not so new car? How about a vacation or a BFF’s destination wedding? Maybe you‘re doing home renos or just want to consolidate your debts. Whatever the case, we’d like to help.

It’s easy to apply for a motusbank loan or line of credit. Do it online in minutes. It’s free to apply and it won’t affect your credit score… ever.

  • TIME IN BUSINESS: Since 2019
  • # OF CUSTOMERS: Over 10,000
  • LOANS OFFERED: Secured Loan, Home-Equity, Line of Credit, Mortgages
Visit Site and Apply

1-833-696-6887

memberservice@motusbank.ca 75 Corporate Drive, St. Catharines, Ontario
Call Center: Monday to Sunday 8:00 AM to 12:00 AM (EST)
Support Offered:
  • Call Center
  • Email Support
  • Help Center/Blog
Availability: All of Canada except Quebec

Products Offered

Below are all the products offered by this company.

Conditions & Rates

Interest rate Starting at 2.75% Amount Varies Term Varies

Eligibility & Documents

Who is eligible

  • Canadian resident over the age of majority

What you need to provide

  • Complete online application
  • Government photo ID
  • Additional documents may be required

Repayment & Issuance

How fast can you get the money Varies Funding method Direct bank deposit, other options available How does repayment work Preauthorized payments from bank account

Frequently Asked Questions About motusbank

What is motusbank?

motusbank is a full-service digital bank that provides home equity line of credit, mortgages, savings & chequing accounts, and investment products. motusbank is the digital arm of the Meridian Credit Union. With a digital bank you can open accounts, apply for anything and get approved, all online.

Is motusbank Safe?

Yes, motusbank is safe. The digital bank is owned by Meridian Credit Union, which has been in existence for the past 75 years.

What Products and Services Does motusbank Offer?

motusbank offers a home equity line of credit, mortgages, chequing accounts, savings accounts, investment products like GIC's, ATM services and mortgages.

How Much Can I Borrow from motusbank?

Depending on the product you are applying for with motusbank you can borrow anywhere from a few thousand dollars on a home equity line of credit to a few million dollars for a mortgage.

What Is the Interest Rate on a motusbank Loan?

The home equity line of credit has a starting interest rate of 2.75%.

What Is the Term Length for a motusbank Line of Credit?

The is no fixed term for a home equity line of credit. motusbank will only require you to pay interest on the money you use.

How to Qualify for a motusbank Loan?

To qualify for a motusbank home equity line of credit, you'll have to be a homeowner, be over 18 years of age, provide government identification, property assessment and complete an online application.

Can I Apply Online for a motusbank Loan?

You can do all of your banking with motusbank entirely online.

How Fast Can I Get a Loan from motusbank?

It generally takes a few days to get approved for a home equity line of credit from motusbank, as long as all of the required documentation is submitted.

How Will motusbank Send Me the Loan?

Once approved you'll be able to access your home equity line of credit.

How Does Loan Repayment Work at motusbank?

You can make payments towards your line of credit anytime. Once you pay off a portion of your line of credit with interest, the credit becomes available to you again.

Which Provinces Is motusbank Available in?

motusbank services customers in all of Canada except for the province of Quebec.

What Kind of Customer Support Does motusbank Offer?

motusbank has phone and email support, as well as a blog on their site.

What are motusbank Working Hours?

motusbank is available online always. They provide phone & email support from Monday to Sunday, 8AM to 12AM (EST).

motusbank Reviews

Avg. Rating: 5.0 (1 review)
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Great Service

Great user experience and customer service, highly recommend!

Nick

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