Two repayment approaches. See what changes during the term and what is due at the end.
Interest payments during your loan term, with the principal repaid at the end.
Principal stays unchanged
Plus any interest still due
Plan for the final payment: the full principal is due at the end of the agreed term.
Apply NowRegular payments that include principal and interest, reducing your balance over time.
Principal reduces over time
Repaid when all payments are made
Your repayment schedule and payment amount are set out in your loan agreement.
Apply NowInterest payments during your loan term, with the principal repaid at the end.
Principal stays unchanged
Plus any interest still due
Plan for the final payment: the full principal is due at the end of the agreed term.
Apply NowDuring the loan term, your scheduled payments cover interest. These payments do not reduce the principal you borrowed.
Plan for the final payment: the full principal is due at the end of the agreed term.
Ask us a questionRegular payments that include principal and interest, reducing your balance over time.
Principal reduces over time
Repaid when all payments are made
Your repayment schedule and payment amount are set out in your loan agreement.
Apply NowEach scheduled payment covers both principal and interest. As you make payments, the principal balance gets smaller.
Your repayment schedule and payment amount are set out in your loan agreement.
Ask us a questionHave the basics ready before you begin. Your application helps our team understand your situation and review the options available to you.
Start your applicationMeet the minimum age requirement.
Have valid identification ready.
Provide proof of your income.
For fund transfers and repayments.
Canadian citizens, permanent residents, and work, student, or open permit holders can apply. Meeting the basic requirements does not guarantee approval.
Start your application or talk it through with our team.
