Here are our minimum requirements to be approved for a loan on goPeer.
- 18 year of age older
- Credit score over 600 - Equifax FICO 8 Score
- Annual income more than $15,000 – must not be on Employment insurance or CERB
- Debt-to-income ratio less than 35% - (Monthly debt payments / Monthly Gross Income)
- No bankruptcy in the last 12 months.
- Canadian bank account or equivalent
- Canadian resident for at least 3 years
- Minimum of at least 3 trades on your credit file (credit cards, line of credit, auto loans, mortgage, etc)
If you meet these requirements, please go ahead and apply from our website!