Personal Loans FAQ

Personal Loans FAQ2020-05-08T20:20:18-04:00

Frequently Asked Questions

1. What is a personal loan?2020-11-25T12:55:19-05:00

A personal loan is an unsecured loan that has a fixed payment and term. The funds can be used for whatever your needs may be.

2. Am I eligible for a personal loan?2020-11-25T12:22:35-05:00

Applicants who meet the following criteria will be considered:
Earning a gross income of greater than $20,000 per year
Individuals who have filed bankruptcy must be discharged

3. How do I apply for a personal loan?2020-11-25T12:50:46-05:00

You can call, visit our office, or apply online. Applying online is easy, secure and will take you five minutes. A Tribecca lending specialist will contact you within 4 business hours by phone or email to discuss your loan application.

4. When will I receive my personal loan cheque?2020-11-25T12:58:14-05:00

Once your loan has been approved, you will receive a call from one of our lending specialists to schedule a time for you to come in to our office to sign the necessary documents and receive your funds.

5. How do I make my monthly payments?2020-12-03T11:07:04-05:00

Your monthly payment will be automatically debited from your bank account.

6. Is there a penalty for paying out the loan early or making additional principal payments?2022-01-06T14:03:41-05:00

No, the loan is fully open and payments can be made at any time.

7. What area does Tribecca service?2020-11-25T12:45:13-05:00

Our customers must reside in the Greater Toronto Area (GTA) or surrounding areas.

8. What is collateral security?2020-11-25T12:46:52-05:00

Collateral is something you own. For a personal loan, automobiles or household goods may be used as security for the loan.

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