One application. 10 lenders from our 50+ network. Funded in 24 to 48 hours.
Apply Now One application routed to where you qualify.
Every Apply button starts the same single application. Your chosen lender is prioritized first.
Not the rate. The assessment method.
An online lender connects to your bank account read-only and reads the last several months of deposits, overdrafts and existing commitments directly. A branch lender reads a credit report and a paystub. The first method approves files the second declines, because it sees behaviour rather than history.
That is the substantive difference, and it is why online approval rates for below-prime files are higher than bank approval rates.
10 of 17 lenders in our network fund within 24 hours, with no branch visit at any of them.
Two things, and they are worth naming.
No in-person recourse. A branch gives you someone to speak to when something goes wrong. Online lending gives you a support channel, which is not the same thing.
Rate. Online lenders serving below-prime files price for that risk. A bank with strong credit will usually beat them.
Concrete checks, in order of usefulness.
Smarter Loans does not lend, never asks for banking credentials, and never sends money. Applications happen only on smarter.loans and apply.smarter.loans.
Read-only connection through a recognised provider shows transaction data without exposing credentials and without allowing withdrawals. It is standard, and it is faster than uploading documents.
Generally not, for strong credit. They approve more files and fund faster, and they price for the risk that implies.
Provincial financial regulators publish registers. The lender must be licensed in the province where you live.
Most do something.
