Standard processing
Your file is processed within 24 business hours. No fee.
Co-borrower service
$500 loan
With a co-borrower, from a separate lender.
Online form, then read-only bank verification. You read the lender’s contract before you sign.
Co-borrowing
How Money911 supports a $500 request
Has your credit file closed a door before? A co-borrower can back your request. Approval is not guaranteed.
Three separate layers: your request on top, Money911 (the co-borrower) in the middle, the separate lender below.
- Your request
You apply for $500 online.
- Money911
We commit to the loan with you.
- The lender
A separate lender grants the loan and sends you the contract.
Eligibility
Eligibility criteria
- 18 or older
- Living in Canada
- A stable job
- Pay deposited into a Canadian bank account
- Net income of at least $1,500 a month
- No consumer proposal, debt consolidation or bankruptcy in the last 30 days, and none planned in the next 6 months
Instant bank verification (IBV) is part of every request. Self-employed? Your request is reviewed like an employee’s.
Income we don’t accept
- Support payments
- Student loans and bursaries
- Social Solidarity Program benefits (Québec) when net income is under $1,500 a month
Your request
The steps of your request
Step 1
Fill in the online request
From this page, $500 is already selected in the form. You can change it.
Step 2
Instant bank verification (IBV)
A read-only copy of your statement, never your username or password.
Step 3
Review of your file
Based on your ability to repay, within 24 business hours, or within 4 business hours with priority processing. Approval is not guaranteed.
Step 4
Contract signature and deposit
You read and sign the lender’s contract, then the money is sent by Interac e-Transfer.
Deposit and processing
Always by Interac e-Transfer
The money is sent once your request is approved and the lender’s contract is signed. In your request, you choose how your file is processed:
Priority processing
Your file is processed as a priority during our opening hours, within 4 business hours. A $10 fee, payable only if your file is approved.
Before you sign
Cost and repayment
How much does a loan cost?
Our guarantee fees range from $200 to $1,000 and vary with the amount you request. In our examples, for loans of $400 to $1,000, the final credit rate is 24.50%. The applicable terms are in the contract the lender sends you. Read it before you sign: no payment or advance is required at signing.
Payments
In our examples, payments are every two weeks, over 3 months ($400 or $500), 3½ months ($600), 4 months ($750 or $800) or 5 months ($1,000). The number and frequency of payments are set in the lender’s contract.
A payment getting hard? Call us before it is due.
Can I pay it off early?
Yes. Call us and we will direct you to the lender, who gives you the payment details for your balance.
Ready to request $500?
Money911 commits to the loan with you, with a separate lender. You apply online, in two steps.
Notice about the co-borrower service
Money911 offers a co-borrower service. The loan is granted by a separate lender. Each request is reviewed for the ability to repay; approval is not guaranteed. The applicable terms are set out in the contract the lender sends.