Frequently Asked Questions

PERSONAL LOANS

1. What is a personal loan?

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?

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?

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?

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?

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?

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

7. What area does Tribecca service?

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

8. What is collateral security?

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