Direct deposit
Request approved and signed contract back before 11:30 a.m.: deposit the same day, between noon and midnight. After 11:30 a.m.: the next day.
Loan with a co-borrower
How a request works
How a loan request with Money911 works, step by step.
Online form, then read-only bank verification. You read the lender’s contract before you sign.
Who does what
What the co-borrower does
Money911 is not the lender.
A co-borrower commits to the loan with you, which lowers the lender’s risk. At Money911, that co-borrower is us. The loan itself comes from a separate lender.
- You
You apply online, then complete the bank verification.
- Money911
We review the request and commit to the loan with you.
- The lender
A separate lender grants the loan and sends you the contract.
Panel by panel
The steps of a request
Step 1
You fill in the form
The online form is open anytime.
Step 2
You complete the bank verification
Online, after you send the form.
Step 3
We review your request
Based on your ability to repay. Approval is not guaranteed.
Step 4
You sign the lender’s contract
It’s sent once you’re approved; the deposit follows your signature.
Step 2, up close
Instant bank verification (IBV)
Instant bank verification sends us a read-only copy of your statement. We never see your username or password.
Eligibility
Who can apply
- 18 or older
- Living in Canada
- A stable job
- Pay deposited into a Canadian bank account
- Net income of at least $1,500 a month
- No consumer proposal, debt consolidation or bankruptcy in the last 30 days, and none planned in the next 6 months
Instant bank verification (IBV) is part of every request. Self-employed? Your request is reviewed like an employee’s.
Income we don’t accept
- Support payments
- Student loans and bursaries
- Social Solidarity Program benefits (Québec) when net income is under $1,500 a month
Do you meet these criteria?
Online form, then read-only bank verification. You read the lender’s contract before you sign.
After you sign
When the money is deposited
Interac e-Transfer
Choose Interac e-Transfer in your request: once you’re approved and the contract is signed, the money lands within the hour. An extra fee applies.
Published reasons
Why a request can be refused
- Bank verification (IBV) not completed
- Bank account too recent
- Incomplete documents
- Eligibility criteria not met
- Debt ratio too high
- A returned (NSF) payment or a stop payment
- Other reasons judged appropriate
The lender’s contract
What it costs
The applicable terms are in the contract the lender sends you. Read it before you sign: no payment or advance is required at signing. A question? Call us.
Straight talk
Borrow responsibly
Your ability to repay
Every request is reviewed for your ability to repay; if the risk is too high, it is refused.
One loan at a time
Avoid taking several small loans at once: the payments can outgrow your budget.
Call us early
A payment getting hard? Call us before it is due.
It happens
Why turn to a co-borrower
An unexpected expense
A bill that can’t wait
A short-term need
Turned down elsewhere
Ready to send your request?
Money911 commits to the loan with you, with a separate lender. You apply online, in two steps.
Notice about the co-borrower service
Money911 offers a co-borrower service. The loan is granted by a separate lender. Each request is reviewed for the ability to repay; approval is not guaranteed. The applicable terms are set out in the contract the lender sends.