FAQs | Loan Center Canada

Q: How will I know if I’m approved?

You will be notified by phone or email the moment your loan application has been approved. Loan Center Canada aims to provide our customers with the fastest approval times.

Q: I’m a recent immigrant, Am I eligible for a loan?

Yes, of course! Even if you have no credit history, we work with a number of different lending companies that offer a variety of financial products and services at a great rate.

Q: Does Loan Center Canada perform a financial statements?

Depending on the type of service you choose, consent to check your credit may be asked to verify your identity and to determine your eligibility for financing. Loan Center Canada and our affiliates will seek your consent before a credit check is completed.

Q: I’ve been rejected by a bank. Can I still apply?

If you’ve been rejected by the bank, keep in mind there are still numerous alternatives available to you. We suggest trying again with us! One of the great things about Loan Center Canada is that we have partnerships with many banks and lending institutions that offer better rates and a variety of options.

Q: How can I speed up the process of getting my loan approved?

When processing a loan the most frequent delay is in collecting the paperwork or pertinent details. Our loan experts will have a list of requirements that our underwriters need to process your loan. To give yourself the quickest approval, make sure to provide the most accurate information on your application. If all the pertinent information and paperwork is submitted quickly to us your loan process should also be fairly quick. If any information or paperwork is missing or unclear then it only slows down the process.