Standard processing
Your file is processed within 24 business hours. No fee.
Co-borrower service
$700 loan
With a co-borrower, from a separate lender. Loans range from $400 to $2,000; the amounts you can request are listed in the form.
Online form, then read-only bank verification. You read the lender’s contract before you sign.
Co-borrowing
How Money911 supports a $700 request
The co-borrower service is offered across Canada, in English and French.
Three separate layers: your request on top, Money911 (the co-borrower) in the middle, the separate lender below.
- Your request
You fill in the online form.
- 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
The online form is open 24/7.
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 send your request?
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.