Mogo Loans is a Canadian fintech that offers banking products to help you with anything from managing your borrowing and spending, to investing or checking your credit score. The breadth of their offerings means they can be the perfect fit, no matter what your needs are.

If you need to borrow money, a loan from Mogo may be right for you! Enjoy the benefits of free monthly credit score monitoring with the Mogo Visa Platinum Prepaid Card and have your line pre-approved.

Mogo Loans types

Mogo personal loan. They offer personal loans to people with fair to good credit. You can put a minimum of $5,000 and get up to $35,000. Terms range from 6 to 60 months and loan interest rates range from 9.9% to 21.5%.

MogoLiquid: Apply today to explore your bad credit personal loan options. You can borrow up to $15,000 for 6 to 60 months at an interest rate of 29.99% – 46.96%.

Mogo Mini: This product is an alternative to the payroll loan, and can be used for up to R$3,500 with an interest rate of 47.42%.

Mogo Loans benefits

One of the great benefits of opening a MogoAccount is the ability to access better interest rates or loan amounts if you make your payments on time. You can also monitor your progress and payment history with the custom dashboard. The content may depend on the MogoMoney product type.

100 day trial

A 100-day test drive is included with most of our loans. You can return the amount owed and we will refund you for any fees or interest that have already been charged.

Credit Score Mogo Loans

Track your Equifax credit score with the free MogoCard and get fraud protection. The first step in protecting your credit rating is tracking it.

Rates for all

Whatever your credit situation, we have a loan tailored to you. With payment plans up to $35K5 and interest rates starting at CA$,APR: 19.99%, you’ll repay any loans up to $7,900 in full payments.

Flexible Terms: All our loans can be paid in full at any time without penalty. They are not subject to any penalties for being repaid early.

Your data is protected: Your data is encrypted and accessible only by our servers. You can feel secure knowing that your information will be safe with us.

Financial Update Mogo Loans

Your MoneyClass subscription will provide you with daily updates on your spending habits, allowing you to better control your personal finances. The movement of the money bills will also be sent to your device, simplifying your life along the way.

And they’ll show you how to start improving your credit score, how loans work, and how different types of investments work. You’ll have any finance-related questions answered!

Mogo Loans Requirements

To be eligible for this loan, you will need to meet the following requirements:

You must have Canadian citizenship or residency and your annual income must be at least $13,000.

To access this service, you will need one of the following: A credit bureau with no default or foreclosure, a valid ID that includes your current address; a bank statement showing recent deposits and transactions within the last 30 days;

How to apply for a Mogo Loans

Filling out the form takes less than 5 minutes. First, you’ll need to create a Mogo account by entering your email address and password. After logging in, you will be asked your basic information and credit score for an instant loan offer.

Given the address and phone number listed, the adoption agency would need to verify the information before sending you to pre-approved families.

You will need to provide documents for us to verify your identity and income, so please provide some bank statements and government-issued ID from the list we require.

Conclusion

Mogo offers loans to people with different credit scores. They have a 100-day money-back guarantee that is available to Mogo Standard Personal Loan and MogoMini Credit Line users.

It is possible to repay Mogo loans without incurring any penalty. It is worth reiterating that these loans usually have affordable interest rates and that customer service is differentiated.

You will be redirected

Did you like this article?

Nowadays, people are always looking for the best credit deal. With our help, we can find the best loan offer for you and provide you with advice and guidance.