How to apply for your own loan?
There’s no better time to apply and make sure you have everything you need to get on the banking ladder.
Here are the most important things to know to make sure your application is successful.
If you need more help:If you’re unsure if you need help or are just unsure of where to start, the best place to start is at the SBA Loans website, which provides step-by-step instructions to help you with the process.
Here’s how you can apply online.
You can apply for any type of loan – either fixed-rate, variable-rate or variable-interest.
There are a few ways to apply online:In-person: You can apply in person for the SBB loan, the Federal Home Loan Bank (FHLB) loan or the Government of Canada’s Direct Loan program.
You must have a full-time job and your employer must be able to offer a loan, which means it has to be on a fixed-interest basis.
You must apply online, or mail your application in the mail.
You’ll need a credit card and a signature to be able apply.
You can also apply online if you’re in a student loan or private loan program.
You need to have a valid work-related ID to apply.
There is a limit of two applicants per household and you have to have at least two qualifying individuals who live together.
You have to be living at the address for at least 30 days to applyFor information on how to get a loan from a different lender, check out the National Bank of Canada website.
You may also be able in-person, but you’ll need to meet the minimum income requirements and a letter of intent from the SAB.
For more information, see the SAA website.SBA Loans is the bank that helps borrowers apply for their own SBB loans.
If you have an existing loan, you can also get a new loan from SBA by using its loan application portal.