MOGO
Mogo (Payday Loan)
        
MogoMoney is a unique line of loans designed to help Canadians get out of high interest debt. With a range of rates starting at 5.9%, Canadians with both good and not-so-great credit can apply. In three minutes, you could be pre-approved for a loan amount/interest rate and receive a FREE credit score. Unlike other lenders, Mogo has an innovative Level Up program that rewards your on-time payments with lower rates over time. Because the terms are fixed, you’d be paying drastically less interest overall compared to credit cards—even if you’re approved for a higher rate with Mogo. If for whatever reason you’re not satisfied with the loan, the 100-day money-back guarantee has you covered. To qualify you must have a credit score of at 500, earn $20,000 gross per annum, and be employed for 30 days. Saves customers up 93% compared to other credit products.
Location: Canada
Lender/Broker: Lender
Advantages:
1. Sign up a free Mogo account in 3 minutes, see your rate/loan offer with no impact to your credit
2. Free credit score
3. Full spectrum lender
4. $100 - $35,000
5. Terms up to 5 years
Disadvantages:
Only available in BC, AB, ON
Services:
Online sign up/check your rate

APR: 5.9% - 47.88%Loan Amount: $100 - $35,000
Min Term: 7 DaysMax Term: 5 Years

Secured Loan: YesUnsecured Loan: No

Province:
BC, Ontario and Alberta
Terms and Conditions:
See website for details
Identification:
See website for details
Suitable:
Full spectrum lender for 500+ credit score
Restrictions:
Age of majority in ON, BC, Alta, only eligibility rules to sign up for a Mogo Account
        
REVIEWS
Mogo (Which Way To Pay - 29/3/2011)
Mogo is ranked 4 out of 5. Based on 1 review.

4 Star Rating

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Mogo
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