More competition means better rates
Changing the rules of Lending
Credit cards are great for making purchases such as booking travel or buying a laptop. Credit cards are not so great for borrowing.
CommunityLend is available to people seeking a personal loan of up to $25,000 (OAC) and who reside in Ontario.
Find out more about How Borrowing Works.
Get competition for your Loan.
Getting the best rate for your Loan comes from getting the most competition for your Loan. It is the basis of the CommunityLend model. Our Online Lending System creates a “System” for Loans where many Lenders can bid on your Loan Request at the same time, maximizing your chance of getting the best rate available, maybe even bidding your Loan below your Initial Offerred Interest Rate.
Find out more about the Minimum Interest Rates at CommunityLend.
Find out more about the Bidding Process at CommunityLend.
You are in control
At CommunityLend, you are in charge of borrowing. You create your own Loan Request, use your own words and see everything that Lenders see about your profile and credit history. It is a transparent and private system where you are always in control and where you never get a rate higher than you are willing to accept.
What's involved?
Registering is quick and easy; it will only take about 10 minutes of your time to register.
You should have handy:
- A blank cheque
- Your SIN number and Driver's License
- Recent bank and credit card statements
Best of all — It's Free to get started
And the best part about CommunityLend for Borrowers is that it’s completely FREE to register, and to create a Loan Request. CommunityLend only charges fees for successful Loan Requests.
To read more about our fees, take a look at our Fees schedule.
