LendDirect Review



LendDirect is a credit financial institution that lends out lines of credits to borrowers who qualify to their requirements. Their main service is the personal line of credit which can be applied both online and on local branches across Canada.

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LendDirect Requirements

Before applying for the line of credit, there are certain requirements you need to meet to be eligible for the loan.

These requirements include:

  • Must be a resident based in Canada.
  • Should be between 18 and 70 years of age hence should have a national ID.
  • Should be employed for at least 3 months.
  • Should have an active bank account.

The LendDirect Pros and Cons


  • Makes it easy to deal with emergency expenses due to fast approval.
  • Helps in late bills payments.
  • Makes it easy to consolidate credit cards.
  • No prepayment fees are needed when making early payments.


  • Late payments can lead to additional late payment fees.
  • Missed payments can negatively impact your credit score since they are reported to the credit bureau.
  • The Lend Direct lines of credit are limited to Canadian citizens.

LendDirect Line of Credit

A line of credit is a loan type where a borrower can borrow funds up to a certain limit. With a Lend Direct line of credit, a borrower can still access the funds as the balance is still repaid.
The lines of credit can be applied both online or in any of the physical branches spread across Canada. They are unsecured and have a maximum limit of $15,000.

LendDirect: How a Line of Credit Works

There are certain easy steps you need to take to access the lend direct line of credit.

These steps are as follows:

easy applicationFill in the application form from their official website or get it at any of their branches.

easy applicationProvide the necessary documents for verification

easy applicationWait for an approval response

easy applicationGet your money

easy applicationStart making payments

easy applicationContinue accessing the funds as you make the payments.

Line of Credit or Installment Loan

Both installment loans and lines of credit require regular payments. Hence it may be quite confusing to know the difference between the two especially since both offer personal loans. But what is the difference between an installment loan and a line of credit?

A line of credit is a revolving type of loan where a borrower can access the funds as long as the credit limit is not exceeded. The borrower will continue accessing the funds as he/she continue making the regular payments.
The interest rate is not fixed. That is, the interest will be applied every time the borrower borrows some funds. Also, there are no repeated applications needed.
An installment loan, on the other hand, is a loan type provided in a single lump sum. Once the funds are issued, you’ll be required to make the scheduled payments. That means you cannot borrow again until the completion of the whole loan payment.
An installment loan also has a fixed interest rates.
Which One to choose between the two?
If you need a constant source of money where you’ll be able to access the funds regularly as long as you continue making payments and don’t reach the loan limit, then the line of credit is the best choice.
However, if prefer the one-time funding with regular payments, then go for the installment loan.

How to Qualify for a LendDirect Loan?

There are certain requirements you need to meet to qualify for the lines of credit.
They include:

  • Proof of residency in Canada
  • Proof of stable income. You can be asked for pay stubs for the last three months.
  • The most recent bank statements to prove bank activeness.
  • A national ID. You can also be asked for a passport or Driver’s License if the ID has issues.

Also, if you are planning to visit a physical bank, look at the LendDirect working days at their website or call the customer service phone number.
If your level of income meets the required amount and have a reputable financial history, you are bound to qualify even for payday loans Canada 24/7 no credit check.
Here are the LendDirect reviews from people using this service:
LendDirect reviews
Lend Direct Canada
Lend Direct in Canada

What Types of Loans Do Lend Direct Offer?

Lend Direct Canada offers unsecured loans. The main type of unsecured loan offered is the personal line of credit. These loans can be used for various purposes including paying for:

easy applicationEmergency expenses

easy applicationConsolidating other debts

easy applicationHome improvements

easy applicationMedical bills

easy applicationBusiness expenses

easy applicationLawsuit settlement debts and many more.

You can get bad credit loans with relatively high interest.

Which provinces is LandDirect available in?

The local branches of LandDirect are spread across Southern Ontario.

You can also get the loans in the following locations:

  • Alberta
  • Saskatchewan
  • British Columbia
  • Cambridge
  • Brampton
  • Mississauga
  • Scarborough
  • Guelph
  • Oshawa
  • Hamilton

Please note that all the above locations including online payday loans Ontario are based in Canada. You cannot access the loan if you are not a Canadian resident.

What Line of Credit Features Makes LendDirect Beat Its Competitors?

Various features make the LendDirect stand out.

These features include:

  • Active customer service to cater to any client’s needs.
  • Access to the credit of up to $1500
  • Access to the credit as you continue making payments
  • Early payments are possible without prepayment fees
  • In case of expected late payments, one can contact the lenders early for a possible payment extension.
  • Fast approval especially using the e-Transfer method.


Is Lend Direct safe?

The LendDirect site has an ‘S’ in the ‘HTTPS’ browser showing that it is safe to use the site. The site is also encrypted. Also, Lend Direct has a TrustScore of 4.8 on TrustPilot from over 900 lend direct reviews from their customers. This shows it is safe to use it.
Is Lend Direct legit?

LendDirect has its physical branches spread across Ontario meaning that it has to obey all regulations governing loans based in Ontario including registration by the state.
What is the lowest rate charged by LendDirect?
The LendDirect offers a line of credit with an interest ranging from 19.99% – 46.93% which mostly depends on your credit score and the province of residency.
Does LendDirect report to the credit bureau?

As mentioned earlier, missed payments may lead to late payment fees. If there is no valid reason provided, the lender will report these payments to the bureau.
What is a bank credit line?

This is a type of credit line offered by banks. The borrower can access the funds given using a cheque or a bank card to make withdrawals or purchases.
Can I get a line of credit with a 600 credit score?

Yes, it’s possible to get a credit line with a score of 600 but the interests charged will be quite high.

The line of credit from the LendDirect lenders has some of the best features that are worth to explore.

North’n’LoansUpdated December 20, 2022