You
Online application
Application
My Little Loan
Co-borrower
Co-borrowing
The lender
Contract and funds
Contract and deposit
Three parties, one file
We act as co-borrower. The loan contract is issued by the lender.
My Little Loannow
Canadian co-borrower service
A co-borrower to support your credit application
We act as your co-borrower with a lender. Every file goes through a review of your ability to repay.
We are not the lender
- 18 or older, residing in Canada
- Net income of at least $1,500 per month, by direct deposit
- Repayment-capacity review is mandatory
- Approval is never guaranteed.
Based in Quebec
A Canadian company based in Quebec.
An agent on the phone
Toll-free at (877) 711-7738 during business hours.
Online requests 24/7
The secure portal is always open.
Responsible review
Every file is reviewed; approval is never guaranteed.
The service
Co-borrowing: who does what
My Little Loan provides a co-borrower service. We are not the lender: we support your file for short-term financing, subject to review.
Online requests 24/7
The secure portal is always open.
Examples
$2,000
Up to $2,000 depending on the file
Representative amounts
Examples from $400 to $1,000, up to $2,000 depending on the file.
Co-borrower fee
Based on the principal
Interest
By the lenderSet by the lender, within legal limits
Fees separate from interest
Co-borrower fees vary with the principal. Lender interest is set by the lender and stays within legal limits.
- Income
- Employment
- Obligations
- History
Review
Answer
Capacity review
Every request is reviewed for income, job stability, obligations and history so financing stays responsible.
The journey
From the form to the deposit, in four steps
Application form, bank verification and identity documents, lender contract, then funds deposit. Everything happens online.
- 01
Form
Complete the form
Answer every question on the online application form.
- 02
Verification
Bank verification and documents
Complete the instant bank verification requested in the portal, then provide the requested documents to confirm your identity.
- 03
Contract
Lender contract
If the file moves forward, the lender may send a contract for you to review before any signature.
- 04
Deposit
Funds deposit
After the signed contract is returned, the lender may deposit funds, usually by direct deposit.
Applications are online only. A repayment-capacity review is always required: approval is never guaranteed.
Examples
Representative product examples
Every amount offered, from $400 to $2,000. Exact terms can vary with review and the lender.
Illustrative amount
$400
$400$2,000
Select an amount to view the matching example.
Illustrative schedule
- Illustrative term: 3 months
- Debits every 2 weeks
- 6 illustrative payments
Your example
$400
- Amount of each payment
- $104.45
- Interest
- $16.60
- Fee per transaction
- $0.50
- Final credit rate
- 24.50%
- Interac transfer (optional)
- $10.00
Send your request
Approval is never guaranteed.
Products shown are examples only. They are representative but may vary. If approved and you choose an instant Interac deposit when offered, an extra $10 fee applies.
Eligibility
Basic eligibility criteria
These points guide the review. Meeting them does not guarantee approval.
01
Be 18 or older
02
Reside in Canada
03
Hold stable employment
04
Receive salary by direct deposit to a Canadian bank account
05
Have net income of at least $1,500 per month
06
Not have made a consumer proposal, debt consolidation, or bankruptcy within the last 30 days, and not be considering one of those steps within the next 6 months
Income sources not accepted
- Social assistance if net income is under $1,500 per month
- Support payments
- Student loans and bursaries
Send your request
We are not the lenderApproval is never guaranteed.
Our approach
Borrow with clarity and restraint
This financing is mainly for urgent needs when other options are unavailable. We keep roles, fees, and service limits easy to understand.
Clear role
We act as co-borrower. The loan contract is issued by the lender.
Responsible financing
We check your ability to repay. Our first goal is not to harm you, but to help you.
Help if payments get hard
Respecting clients who are struggling is one of our main commitments. Call us: our agents can help you reach an arrangement with the lender.
Questions
Frequently asked questions
The essentials before you open an application.
No. We provide a co-borrower service. If the file moves forward, the contract comes from the lender.
After the loan contract is signed, funds are usually sent by direct deposit. An optional Interac transfer may be offered, for a fee.
Clients in good standing may apply for renewal when the remaining balance is low. Renewal is never guaranteed.
Social assistance under $1,500 net per month, support payments, and student loans and bursaries are not counted as eligible income.
Ready to send your request?
Fill in the online form at your own pace, then follow the verification steps. Every file is reviewed; approval is never guaranteed.
A question? Let’s talk.
Our agents answer your questions before, during and after your request.
(877) 711-7738Monday to Thursday, 8:30 a.m. to 4:30 p.m. · Friday, 8:30 a.m. to 12:30 p.m.
Direct deposit
After the signed contract is returned
Already a client? Your loan is renewable
Honoured your commitments? You could renew your loan.
Criteria: balance of your current financing under $150, stable income still deposited to a bank account, net monthly income still above $1,500, no string of new loans since your first loan, no bankruptcy, consumer proposal or debt consolidation underway. Subject to review.
Up to $2,000
Renewal request