Here are our minimum requirements to be approved for a loan on goPeer.
- Minimum 18 years of age or older
- Credit score of 600 (Equifax FICO 8 Score)
- Annual income of at least $35,000 (Employment insurance not accepted)
- A debt-to-income ratio of less than 35% (Monthly debt obligations / monthly gross income)
- No bankruptcy within the past 12 months
- Must have a Canadian bank account or equivalent
- Must be a Canadian resident for at least 3 years
- Must have at least 3 trades on your credit file (credit card, line of credit, auto loan, mortgage, etc.)
If you meet these requirements then please proceed to apply through our website. If unsure, you may still proceed to apply using our pre-qualification flow, which will verify your eligibility without impacting your credit score.