Frequently Asked Questions
Of course! To qualify for a loan, you must be 18 years of age or older, have a regular source of income, have an active bank account, and a valid email address and phone number. At Lendora, we understand that life throws unexpected financial curveballs at the worst possible times, which is why we offer convenient online loans.
You can trust that you’re getting the best possible deal because of our prompt and dependable service and the absence of additional fees. Our online loan application process only takes a few minutes of your time. The rest of your day will proceed smoothly that way.
Your repayments will be spread over a set period, ranging from three to six months, depending on your loan amount.
The amount you can borrow with a Lendora ranges from $250 to $1,500.
If your loan application is complete when you submit it, it generally takes as little as 15 minutes to get an approval.
If you borrow $500, you can repay it in 6 payments of $142.03. Note: This example assumes full repayment according to the agreed schedule. Depending on your situation, we also offer flexible repayment options to our customers.
At Lendora, our annual interest rate is 28%.
You're in the right place. At Lendora we offer competitive rates and flexible repayment options to help you get out of your financial hurdles quickly.
You can apply for one loan at a time. We adhere to responsible lending practices to protect you from further debt.
Don’t worry about your credit history. At Lendora, we focus on your current ability to repay a loan, making it easy for people with bad credit to get an approval for a small loan.
A payday loan is a short-term loan based on your next paycheck. It’s a quick solution for people who face temporary financial difficulties. Please note that Lendora is not a payday lender. We offer a minimum lending period of 62 days.
Loan renewal is not automatic and requires a new application and approval.
We abide by Canadian lending standards. Defaulting may lead to legal fees and affect your credit rating.
A $50 fee will be charged for bounced pre-authorized payments. Always ensure you have sufficient funds to avoid extra charges.