National Equity Financial is a Canadian lender that offers different lending options including personal loans, secured loans, business loans, and home equity loans. We are here to bridge the gap and offer Canadian’s lending options that they may not otherwise have access to. Our quick loans have helped many Canadians’ back on their feet so they can focus on what really matters.
We offer personal loans up to $20,000 and business / home equity loans up to $100,000. Our loan terms range from 24 months to 120 months.
The overwhelming difference is that we are much cheaper than a payday loan. Getting the cash, you need quickly should not mean that you must pay interest rates and fees beyond count
While banks maintain rigorous lending criteria, we are more flexible with ours and thus can serve a broader client base. With our fast approval process, you don’t have to wait long for your money.
Our loan services are available in Alberta, Saskatchewan, Manitoba, British Columbia, Ontario, and Nova Scotia.
We are located in Winnipeg, Manitoba although we offer our lending products and services all around Canada.
We can help by giving you one easy fixed monthly payment that can help you manage your cash flow and take control of your finances.
Unexpected expenses arise all the time, and at National Equity Financial, whether you are a current client of ours or not, we have options for you. Speak to one of our loans specialists about applying for an additional loan to help you with these unexpected expenses, and we’ll get you the cash you need when you need it.
Personal loans can be used for many reasons from consolidating your bills into one manageable monthly payment, emergency or unexpected expenses that have arisen or for a special occasion. Typically, our clients use personal loans for unexpected car repairs, travel and leisure, and home upgrades or renovations
Our interest rates range from 14.99% – 46.95% and they vary based on loan type, client profile, size of the loan as well as the term.
A personal loan allows you to borrow funds without providing a type of collateral or security for the loan. Additionally, for personal loans there are no pre-payment penalties for paying the loan out early. A home equity loan requires you to secure your loan with a property, in which case you can borrow more with lower rates.
The following are our documentary requirements:
1. A bank statement showing your last 90 days of banking transactions
2. Copies of two (2) months of your most recent pay stubs
3. Copies of three (3) pieces of government-issued identification (One (1) with photo and signature)
Each client is unique from one another. However, loan approval depends on many factors including credibility, stability, and current income. The following are our minimum requirements:
1. Age: the minimum age is either 18
2. Minimum gross monthly income of $1,800
3. We consider applications from those who are on a salaried or wage income, those who receive a pension, disability, insurance, cash or are self-employed with a gross income of minimum $1,800
A home equity loan is a loan where you borrow funds and provide your home as security for the loan. The equity in your home is really the market value of your home minus the amount owing on your mortgage.
To access funds in the way of a home equity loan, yourself or your spouse must be registered owners of the home.
The following are our documentary requirements:
1. A bank statement showing your last 90 days of banking transactions
2. Copies of two (2) months of your most recent pay stubs
3. Copies of three (3) pieces of government-issued identification (One (1) with photo and signature)
4. Updated mortgage statements
5. An updated property tax statemen
It takes under 10 minutes to complete an application.
As long as all documents are submitted, we can provide you with an approval in under 20 minutes.
Our loan terms range from 24 months to 120 months.
Our interest rates range from 14.99% – 46.95% and they vary based on loan type, client profile, size of the loan as well as the term.
It generally takes up to 2-3 business days to receive funds in your account. If you are being funded by cheque, that can be provided within 24 hours.
If you are looking to borrow more funds, you can contact us directly at 204-560-5670 to speak with a loan specialist.
When approving a client for a loan, there is so much more that we look at other than just your credit score. We sometimes even can approve a loan for a client with no credit history, such as those who are
students or who are new to the country. We are very flexible in our lending practices and encourage anyone to apply.
Having a co-applicant can not only help you get approved but can also help you get access to higher loan amounts.
We will require your personal Notice of Assessment (NOA’s) from the last two years to assess your income.
EFT (electronic funds transfer) that deposits the funds directly to your bank account or cheque to be picked up at our head office.
Yes, you can apply for another loan, and you can check to see if you qualify for a loan increase at any time by calling us at 204 560 5670.
It is very important that you read and understand your loan agreement terms prior to signing. Please call us if you have any questions in regard to the loan agreement terms at (204) 560 5670.
Your loan payments must be made in accordance with your loan terms set out in your loan agreement terms.
Your loan payments are set up through PAP which is pre-authorized payments. These are automatic payments that are scheduled withdrawals from your bank account when a loan payment is due
Yes! Your interest rate and terms remain the same throughout the lifetime of your loan unless there is a loan renewal done or arrangements have been made with one of our customer service representatives.
When you miss a payment or defer a payment, often times interest accrues, and it takes time for your payments to go fully to principle. In order to get caught up on your loan, we suggest that you make additional payments as soon as missing one and reduce the amount of payment deferrals you request.
A credit report is a very useful tool in assessing your current credit as well as how your repayment patterns have been to other lenders. It is used to determine whether or not we will be lending money to you and how much.
If you see something you are unsure about on your credit report, please contact our office and we will have someone investigate it and get back to you.
If your paycheck has been delayed and you are unsure if you can make your payment, please contact our office to try and make arrangements.
If you miss a payment, our office will likely contact you to make arrangements to make up the payment. If you wish, you can also contact us to make arrangements so you don’t get too behind on your loan.
If you have any questions, you can contact our customer service team at (204) 224 0636.
Should you need to make a change to your payment schedule, please give our office a call so we can make arrangements.
If you would like to update your account information, please contact our office so we can update the info we have on file.
Our loan protection is there to protect you should an emergency arise where you are not able to make your loan payments. Depending on the insurance you have purchased, you would be able to make a claim directly with IA Financial.
When you make a claim with IA, if you are approved for coverage, the payments will be sent directly to National Equity Financial to be applied to your loan.