I've never looked into it but it was introduced to helped Canadians move away from payday loans and their predatory behaviour.
Canada post mymoney loan plus#
While it’s more affordable than a payday loan, is it really a viable option for Canadians who can’t easily access a traditional bank? Find out on today’s podcast with host Doug Hoyes and guests Rebecca Martyn, LIT, Jennifer Kwon, LIT, Maureen Parent, LIT, and with a special appearance by Tom Cooper from the Hamilton Roundtable for Poverty Reduction. The MyMoney Loan is similar to other personal loans: you borrow a fixed amount of money that’s paid back in instalments, plus interest and fees. The Canada Post MyMoney Loan is designed to be inclusive for Canadians from coast to coast to coast, with competitive interest rates and loan amounts starting at 1,000. But, this Canada Post loan is not so cheap. It has lower interest rates than other loan products.
Publication date Topics Podcast, Debt, bankruptcy, canada, consumerproposal, debtfree, ontario.
Canada post mymoney loan free#
It’s a strategic alliance, aimed at Canadians in rural, remote, and Indigenous communities. A Canada Post MyMoney Loan is a customizable personal loan that’s delivered by TD and offered through Canada Post offices in underserved regions. 391 - Canada Post MyMoney Loan - Good Replacement for Payday Loans by Debt Free in 30. Because there aren’t already enough lenders out there, Canada Post has now also come out with their own loan called the ‘MyMoney Loan,’ partnering with TD Bank. Because there aren’t already enough lenders out there, Canada Post has now also come out with their own loan called the ‘MyMoney Loan,’ partnering with TD Bank.
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