Before applying for a loan with us, here are a few important things you should know.
Enjoy the freedom of choosing a repayment period between 6 and 120 months, based on what works best for you.
APR (Annual Percentage Rate) refers to the yearly interest charged on your loan. It represents the cost of borrowing, expressed as an annual percentage. At Comutive Lending, the APR can go up to a maximum of 10%, depending on your credit profile and personal financial assessment. The final rate is determined after we review your application and evaluate your overall eligibility.
To qualify for a personal loan with us, you’ll need to meet the following basic requirements:
- Employment Verification: You must have been with your current employer for at least 6 months.
- Proof of Income: Verifiable documentation of your income is required.
- Proof of Residency: You must be a Canadian citizen or permanent resident.
- Minimum Age: Applicants must be at least 18 years old.
- Bank Account Details: A valid bank account is required for deposit and repayment.
- References: Personal or professional references may be requested.
Additional Factors That May Affect Eligibility:
- History of bankruptcy filings
- Ongoing or past credit counselling
- Any consumer proposals filed
No Hidden Fees – Full Transparency Guaranteed
We do not charge any hidden or additional fees—no processing charges or extra costs for activities related to loan approval and disbursement. What you see is what you get.
These are just a few key things to keep in mind before applying with us.
Need a quick and hassle-free loan? Comutive Lending is your trusted one-stop solution.
You can repay the loan any time before the due date. In that case, you will have to incur finance charges till the date of repayment.
The online application process is quick and easy—it typically takes just 5 to 10 minutes to complete.