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Loan Amount Range
Borrow from $900 to $10,000
Cost of Borrowing
APR 31.99% p.a.
Repayment Period
Flexible terms of up to 2 to 6 months
100% Digital Experience
Simple & completely paperless application process
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Loan Amount Range
Borrow from $900 to $10,000
Cost of Borrowing
APR 31.99% p.a.
Repayment Period
Flexible terms of up to 2 to 6 months
100% Digital Experience
Simple & completely paperless application process
Frequently Asked Questions
An Installment Loan is a type of loan that allows you to borrow a fixed amount of money and repay it through scheduled payments over a set period. Each payment typically includes a portion of the principal amount and any applicable interest or fees. Installment Loans can help cover larger expenses while providing predictable repayment terms.
Lenditt provides Installment Loans across all Canadian provinces and territories, excluding Ontario and Quebec.
Eligible borrowers can apply for Installment Loans ranging from $900 to $10,000, subject to approval and eligibility requirements.
Lenditt offers Installment Loans with a fixed APR starting at 32%. It will not exceed 32%.
Lenditt’s Installment Loan offers 2 to 6 months to repay your loan comfortably.
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Get the Lenditt App from the Play Store or App Store and create your account
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Complete eligibility by providing your basic, employment, financial credit, and income details
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Enter your banking information
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Review and pick the loan offer that suits you best
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Upload the required KYC documents
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Get approved funds through EFT or Interac directly
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You need to meet the following criteria to apply for an installment loan from Lenditt:
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A Canadian citizen from any province except Ontario and Quebec, or a PR Holder
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Age between 19 and 60
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Must have a minimum monthly salary of $2000
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Salaried individuals with stable income (Full-Time / Part-Time)
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Possess government-issued identity documents, such as a Driving License, PR Proof, or Passport
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Must provide a salary slip or bank statement reflecting 6 months of employment history
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Must have an active chequing or savings account
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Online Installment Loans in Canada
An Instalment Loan is a flexible borrowing solution that allows borrowers to access larger loan amounts and repay them through scheduled instalments over a predetermined period. As a newly launched offering from Lenditt, this financial solution is designed to help individuals meet a wide range of financial needs with ever more flexibility and convenience. Available across eligible Canadian provinces and territories, excluding Ontario and Quebec, an Installment Loan can be used to make a significant purchase, consolidate expenses, cover your educational costs, handle renovations in your house, pay for car repairs, go for grocery shopping, cope with unexpected expenses or have some other financial matters that need your attention.
The whole application process is meant to be simple, secure, and easy. It is fully digital and paper-free, providing the freedom to fill out all the details from the comfort of home and receive instant approval without necessarily going through the rigorous process one usually encounters when borrowing through conventional routes. Once they are approved, the funds get sent directly into their bank accounts.
