Source information from Loans Canada

Loans Canada: /faq/

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  1. Loans Canada

    Company knowledgeUpdated

    Loans Canada is a Loan Comparison Platform in Canada.

    • What is Loans Canada?

      “Loans Canada is a Canadian online loan search and comparison platform. Instead of applying with lenders one by one, you complete a single application and we refer it to lenders and providers in our network that match what you are looking for, such as personal loans, car loans, debt relief, and credit building products.”

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    • Is Loans Canada a lender?

      “No. Loans Canada does not lend money, set interest rates, or make approval decisions. The lender or provider you are matched with decides whether to approve you, on what terms, and is the company you sign your agreement with. Always read that company's agreement before you accept.”

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    • Is Loans Canada free to use?

      “Yes. Applying and comparing offers through Loans Canada is free. You will never be charged a fee by Loans Canada to search for a loan.”

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    • How does Loans Canada make money?

      “Loans Canada may receive compensation from the lenders and providers whose offers appear on our site or who receive referrals from us. This is how the service stays free for borrowers. Compensation does not change the terms a lender offers you, and you are never obligated to accept an offer.”

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