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Borrowing guides

Bank verification, repayment costs and options to consider before taking a loan. These guides are informational. Submitting a request is not approval.

Before you borrow

Illustration of a phone linking a bank icon to a document

Bank verification is not the same as a credit inquiry

Bank verification and a credit inquiry look at different information for different reasons. Compare the two, ask consent questions before you authorize access, and treat a completed check as a step, not an approval.

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Blank paper, an orange pencil and a closed black case

Why a loan payment is not the total cost

An instalment is the regular payment in an offer. The total amount repayable is what you pay back. Fill this seven-field worksheet from complete written terms. A smaller payment can come from a longer term and does not prove a cheaper loan.

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A man on the phone at his kitchen table, reading a bill

Before you take an emergency loan

When a bill feels urgent, slow the decision. Confirm what you still owe and when it is truly due, ask for time or a plan, weigh savings and support, then test whether a new payment would still leave room for rent, food and utilities.

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Kredit Canada loan amounts

A $500 online loan for a specific expense

When a $500 request may fit a shortfall, what to check before applying, and how funding works after approval and signature.

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A $1,000 online loan, with repayment in mind

How to look at the full repayment schedule, eligibility, and whether a smaller amount would cover the same expense.

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