LoanConnect Review

Visit them online at www.Loanconnect.ca

Mail to:

379 Dundas Street

Unit 101

London, ON N6B 1V5

Canada

Email the team at:

[email protected]

You can phone from anywhere on this toll-free number:

1-855-936-5626

About Loan Connect

LoanConnect is an ideal place to search for the best personal loan for your needs. LoanConnect can help you get the loan that matches your needs because it’s a search engine for unsecured loans. You’ll have peace of mind knowing you’re working with a lender that cares about their customers. 

LoanConnect has a mission to make every personal loan as easy as possible. Regardless of what you need the loan for, LoanConnect can be the right place to find a high quality loan product for your needs. Search multiple options to compare which works best for your specific loan needs. 

You can have multiple options to compare to meet your requirements. With each loan, you can easily personalize the choice to fit your needs. You can customize your approach and amount while choosing the loan type that works best for you. This is something not every alternative lender offers. 

Flexibility 

You’ll find flexible choices that work with you and your situation. These choices are what make each of the loans offered unique to you. The loans are matched based on the needs that you have and also what you feel comfortable with. You can choose the company you would like to work with from your pre-qualified offers or work through the search function to find the right choice for you. Choose your options in the first application screen and match with the lenders that offer the terms you want. It’s that simple. 

Value of options

In addition to the features mentioned above, the value of the options offered also needs to be looked into. You want to find that the options you’re given are all of great value. That’s why LoanConnect  handpicks the companies they choose to work with and places them in their search engine. They do this to find quality loans and companies that will provide value. 

Loans offered by LendConnect

Personal loans come in many different forms. LoanConnect offers several of them, so you’re easily able to connect with the lender offering the best choice for your needs. LendConnect offers personal loans, debt consolidation loans, cash loans, online loans, and bad credit loans.

Personal Loans 

Personal loans are ideal for those who want to find a loan that can be used to purchase just about anything. Even those with bad credit can be accepted through many of the partners that they work with. A personal loan usually has a fixed rate for the entire term of the loan. You pay them back in installments over a period of time outlined in your loan agreement. 

Personal loans are a great option for people who need the money for a specific purpose but want time to repay it. The fixed monthly payment stays the same for the term, so you can budget for it each month.

Debt Consolidation 

When debt has you down, you want to find a loan that will help you get out of debt and back to living life the way it’s meant to be lived. A debt consolidation loan can help you do that. Even those with bad credit are welcome to apply through the four-step process.

A debt consolidation loan is a lump sum that is advanced to you to pay off bills, credit cards, and other loans. It can help you catch up on overdue payments and gives you only one payment a month that you need to make rather than multiple payments.

Cash Loans

Cash loans in the amounts of $1,000 to $50,000 are available for those who want to have cash in hand for purchases they need to make. These loans are funded quickly so you can have the money you need as soon as possible. Cash loans offer a variety of repayment terms with some loans having a repayment term of only 6 months. Go through the four-step process to get the money you need now.

Online loans

You might not have time to go to a traditional lender for an appointment or wait for their approval. The solution to this is an online loan. You can apply for a loan with LendConnect and complete the entire process online. After you fill out the secure loan application, you will receive a reply in seconds matching you with loan pre-approvals that have the best rates and terms.

Bad Credit Loans 

Those with bad credit do not have to worry about not getting the right loan for their needs. LoanConnect partners with lenders who approve loans for borrowers with bad credit. With a variety of lenders willing to lend to borrowers with bad credit, you can find one that works the best for you and your situation.

Pre-Qualifying for the Personal Loans 

There are pre-qualifying factors that go into play with these loans. They’re generally the requirements you have to meet to obtain the loan you are looking to get. These factors will determine if you qualify and will get a loan or not. 

• You can apply if you have bad credit, no credit, good credit or excellent credit
• You must be the age of majority in your province 
• You must be either a Canadian Citizen or Permanent Resident 

Applying for a loan with LoanConnect will not affect your credit score. The credit inquiry is a soft credit pull and will not show up on your credit report. Even if you don’t know your credit score, you can still apply for the loan that you want. If you want to find out your credit score, LoanConnect offers a free tool you can use to check. You can use the tool to see where your credit lies before applying. 

You can also apply just to see what rates you can get without having to take the loan. You can decide if you want to go ahead with the loan based on what you pre-qualify for. 

Annual percentage rates and terms

The APR rates range from 6.99%-46.96%. The reason for the large spread is that the APR is based on several factors. These factors include your needs, credit history and financial information. The Annual Percentage Rate personal loans can also vary based on the lender you choose to work with. Loan rates can differ between lenders. These rates are subject to change at any time. 

The repayment term of your loan will depend on the lender. In most cases, the term will be between 12-60 months but can be as short as 3 months or as long as 120 months. Information about repayment terms are included in the search results so you can choose the term that you are looking for.

Why choose LoanConnect

LoanConnect offers a unique approach to borrowing. It’s a search engine that allows you to apply for a loan online, can offer multiple options, approves borrowers regardless of their credit and can lend a wide range of amounts.

Apply online

You don’t have to make an appointment to apply for a loan through LoanConnect. Simply complete the application online to see what you qualify for. You can be confident that when you apply for a loan, your personal information is secure. LoanConnect uses the latest encryption security and only shares your information with lenders that are a match to your profile.

Multiple options

Once you have completed your application, LoanConnect searches multiple lenders to find the right match for you based on your requirements. The lenders that match your criteria will be queried and, once you make your choice regarding the loan you want, you will be sent to that lender’s website to complete the process. When you have multiple options to choose from, you can get the loan that best suits your needs.

Credit ratings

LoanConnect encourages borrowers to apply regardless of their credit rating. They partner with lenders who work with all levels of credit, including bad credit. You don’t need to let a past bankruptcy or past consumer proposal stop you from applying.

Loan limits

LoanConnect offers higher limits than many other alternative lenders. Loan limits can go up to $50,000 if the borrower qualifies. The higher limits are great for those who might need a larger loan.

How to Sign Up with Loan Connect

Those who are ready to connect with a loan that will fit their needs are invited to take the steps listed below. You can be matched to the right loan that works with you and your needs in just four simple steps.

Conclusion

LoanConnect can match you with the right lender for your needs. After you apply, you can receive offers from lenders. Once you choose the lender you want to work with, you will be sent to that lender’s website where you can finish your loan application. LoanConnect gives you the opportunity to apply online for a loan and comparison shop without leaving your home. The ability to compare amounts, rates and terms allows you to choose the right loan for your needs.