Time in business:
Loans offered:
Founded in January 2021, Symple Loans is a personal loans company that is in the business of helping hard-working Canadians who would benefit the most from access to better, faster and more affordable loan options.
Products Offered
AMOUNT
$5,000 - $50,000
INTEREST RATE
Starting at 6.99% (Good Credit Only)
TERMS
1 to 7 Years
Symple Loans Products
Conditions & Rates
Interest rate Starting at 6.99%
Amount $5,000 to $50,000
Terms From 1 year to 7 years
Eligibility Requirements
Who is eligible?
- Be at least 18 years old
- Be employed and earning over $25k annually
- Be a Canadian citizen or permanent resident
- Reside in Canada (excl. NB, NS, QC, SK)
- Have no previous bankruptcies
What you need to provide?
- Completed online application
Repayment & Issuance
How fast can you get the money Within 24 hours Funding method Direct Deposit How does repayment work weekly, bi-weekly or monthly repayment terms
Disclosure:*All loans are subject to credit and underwriting approval. Symple Loans’ loans range from $5,000 – $50,000 with terms from 1 – 7 years. APRs range from 6.99% to 32.00% and will depend on our assessment of your credit profile, financial position, and ability to service additional loan commitments. Maximum APRs are inclusive of the maximum interest rate and loan establishment fees. Loan establishment fees range between 0 – 5% and are based on the applicant’s credit profile. In the event of a missed or late payment, a late payment fee of $45 may be applied and is not included in the APR calculation.
Symple Loans Videos
Contact information
info@sympleloans.ca- 161 Bay st. Suite 2700. Toronto, Ontario M5M 2S3
Availability:
Alberta, British Columbia, Manitoba, Ontario, Yukon, Nunavut, Northwest Territories, Newfoundland, Prince Edward Island, New BrunswickSupport Offered:
- Online Chat
- Call Centre
- Social Media
- FAQs
- Online Inquiry Form
Call Center:
Monday to Friday: 9:00 am - 5:00 pmFrequently Asked Questions About Symple Loans
What is Symple Loans?
What does Symple Loans offer?
Symple Loans offers personal loans that can be used for consolidating your debt, decreasing high interest credit card payments, for home renovations, purchasing a new vehicle, investing in your portfolio, travel or school fees and tuition.
How much can I borrow from Symple Loans?
You can borrow anywhere from $5,000 to $50,000 from Symple Loans.
Is Symple Loans safe?
Yes, absolutely! Symple Loans uses the most advanced technology and trusted partners to ensure the complete security of your information during your experience with them.
Will it affect my credit score if I apply for a loan from Symple Loans?
No. You can apply for a loan from Symple Loans to see if you'll get approved and what your rate and terms would be without affecting your credit score.
How does Symple Loans work?
Symple Loans is technology driven, meaning that you can complete your entire application online and receive your funds the next day. There is no need for appointments, visiting a branch, paperwork, or waiting for approvals – a few clicks and you could be approved and funded.
How does credit card refinancing work with Symple Loans?
A credit card refinancing loan is a straightforward way to pay off one or multiple credit card balances in part, full, and over a fixed period of time. With a credit card refinancing loan from Symple Loans, you can choose the amount you need to borrow and repayment terms that help you get on a path to paying off your debt sooner.
What is Symple Loans goal?
Symple Loans goal is to dramatically improve the personal lending experience for Canadian borrowers. By offering lower rates and fixing the things that have frustrated customers for decades, they've set a new standard for how personal lending should work.
What is the interest rate on a loan from Symple Loans?
The interest rate on a loan from Symple Loans starts at 6.99%.
How long do I have to pay back a loan from Symple Loans?
Symple Loans offers 1 to 7 year-long loan terms.
Why do customers and people use Symple Loans?
Some of the reasons people use Symple Loans is to consolidate debt, pay off credit cards, for money to renovate, buy a vehicle, book a holiday, and cover medical expenses.
When can I apply for a loan from Symple Loans?
Symple Loans is open for for business 24/7 because they're an online lending company, which means you can apply for a loan whenever it's convenient for you. They accept applications 24 hours a day, 7 days a week and 365 days a year.
How quick can I get a loan from Symple Loans?
Symple Loans was designed to be fast. You can get a personalized rate estimate from them in under 2 minutes. Just complete their application online and you'll receive a response in 60 seconds. If you're approved, you could have the loan funds transferred into your account the next business day.
Symple Loans Reviews
Avg. Rating: 5.0 (1 review)
Same day approval
“I applied online, and got approved and funded the same day. Easy process. ”
