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Personal loans
made awesome

How much would you like to borrow?

Installment loan
Line of credit
Short term loan

$100

Short term loan

$1,500

Line of credit

$2,500

 
Installment loan

$25,000

Rate

Starting at 6.9%† APR

Up to 35.9%

47.88% AIR

Starting at $10.50*
per $100 bi-weekly


Term

Up to 5 years

Up to 1 year

Up to 4 weeks

2 min 34 sec average application time. 74.6% approved. No commitment necessary.

Fast funding

Currently 52% of loans under $2500 get funded same day and 80% of loans over $2500 get funded within 4 days.

Security

Your data security and privacy are our highest priority. We use bank-level security encryption standards.

Socially responsible

Terms and rates up front. No secrets, no spin. We give you all the information you need to make an informed decision.





100 day money back guarantee

If for any reason you're not happy, let us know so we can make it right or give you your fees back.

The Mogo Money lineup

As a socially responsible lender, we offer a full range of loan solutions for people with good or bad credit. The better your credit, the more options you will have available. Simply complete an application to see your options.

Installment loan

MogoLiquid
Up to $25,000
Credit card alternative

Our rates can be lower than credit cards, so if you’re carrying a balance on a credit card you could pay it back faster using MogoLiquid than you could by making the minimum payments on your credit card. Learn more

Rates

6.9% — 35.9% APR

Terms

1 — 5 years

Fictional example of reference
Fictional Example
Bill
Restaurant owner
Great credit score
$10,000 MogoLiquid

Bill owes $10,000 on his credit card that has a 20% annual interest rate.  He pays it off with a 4-year MogoLiquid loan from Mogo at a 6.9% annual interest rate, reducing his interest rate by over 60%.

Line of credit

MogoMini
Up to $2,500
Short term solution

Use it like car sharing, borrow by the day and pay it back quickly. Don’t let the interest rate scare you, focus on the total cost of borrowing!

Learn more
Daily rate

$0.13/$100 borrowed‡

(47.88% AIR)

Fictional example of reference
Fictional Example
Mary
Dental assistant
Good credit score
$1,000 MogoMini

Mary needs $1,000 to take advantage of a vacation deal that is $500 off the regular price. She decides to use the MogoMini Line of Credit to pay for it and then pay it back in 4 days. Total cost of borrowing is only $5.20 (Based on 47.88% AIR and bi weekly payments, not including optional fees or services). 

Short term loan

MogoZip
Up to $1,500*
Emergency advance option

This could be a great alternative to paying a $45 bank NSF fee and can save you up to 50% compared to the cost of an average payday loan at $23/$100 borrowed.

14-day cost

$10.50/$100 borrowed

Representative Example — Ontario maximum allowable cost per $100 borrowed is $21. Our cost per $100 borrowed is $10.50 for 14 days. Example: For a $300 loan for 14 days the total cost of borrowing is $31.50. APR of 273.8%

Fictional example of reference
Fictional Example
Jay
Salesman
Poor credit score
$200 MogoZip

Jay realizes that a $200 cheque he wrote is going to bounce. Without access to overdraft, he borrows $200 of MogoZip and transfers it into his account, avoiding a $45 NSF and a $40 merchant fee. Total cost of borrowing is $21* (Based on rate of $10.50 per $100 for 14 days and APR of 273.8%).

  • Minimum requirements for general credit

  • Residents of BC, AB, and ON
  • Minimum 13k net income
  • Minimum 30 days employment

Free Mogo Perks

When you borrow from Mogo you become a member with access to lots of free perks!

Free MogoCard — invite only Green arrow

With no Monthly Fees and over 40 designs to choose from, the Mogo Prepaid Visa® Card helps you control your spending and avoid the aftershock of credit card debt.

Coolest giveaways

Every week we’re giving away cool prizes from great brands we like, such as Warby Parker, Beats, Aritzia, and many more.

Treat of the month

As a Mogo member, you can enjoy a free treat on us every month. Just stop by any of our stores and pick one up.

Exclusive Mogo events

Whether it's free wood-fired pizza in Vancouver or sampling the best hot dogs in Toronto, each month we host exclusive members-only events.

Free credit score

Less than 50% of Canadians know their credit score! Get yours for free when you sign up for Mogo Money.

Smart alerts

To help you stay in control of your loans and avoid any unnecessary fees, we’ll send you helpful reminders and tips. Whether it’s letting you know about a payment that’s coming up or reminding you to pay down your balance to get out of debt sooner, Smart Alerts will help keep you on track.

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Green jumping

The Mogo Level Up! Program

Level Up =

Levelup animated
Higher amount
Lower rates

As a socially responsible lender we believe all consumers regardless of credit score should have an opportunity to get access to better credit. Our level up program lets even those with bad credit work their way to better rates and options.


Example

Mary was initially approved for a 30 day short term loan, but after paying off 4 loans on time, she leveled up to a line of credit and lowered her cost of borrowing by over 80%.

How it works

On average, it takes 2 minutes and 34 seconds to fill out our general application for credit. We’ll then show you your loan options, including terms and costs so you can decide what’s right for you. Once you’ve completed your selection, we can have money in your bank account in as little as a few hours (currently 52% of our loans are funded the same day).

Apply

See option

Choose

Get funded

Submit your application

We ask for a minimum of personal information to verify your ID and approve you for a loan. We use 128-bit SSL protection and strict, high levels of security and encryption standards.

Instant decision with your loan options



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Once you submit your application, we'll give you an instant decision where you can see the loan options you've been approved for.

Choose your loan

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We’ll give you the information you need to make an informed decision and choose the right loan for you. If you want to access one of these loans immediately, simply confirm the loan and amounts you want. Or leave it for another time – your loans will be available for you whenever you want.

Get funded

Currently 52% of loans under $2500 get funded same day and 80% of loans over $2500 get funded within 4 days. Below are our available funding options. We’re happy to say we’ve already funded over $500 million in loans.

Mogo Card

5 minutes

What is it?

Paypal

1 hour

Email money transfer

1 hour

Direct deposit

1-3 days

Smart Alerts and automatic repayment

Payment in two days

Once your loan is funded, you will be sent Smart Alert email reminders when your loan repayments are due. You will not have to worry about setting up repayments as they will be withdrawn from your bank automatically.

Smart

alert

Early payment okay!

Ready to pay off your loan early? Great! It’s totally up to you, just let us know and there will be no prepayment penalties

Level Up!

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$

With on time payments, your Mogo Level will go up which provides you access to loans with better rates and higher amounts in the future!

Our team is happy to help

We've got a team dedicated to making sure your Mogo experience is great.
Because if you're not happy, we're not happy.

CallCall 1.800.980.Mogo (6646)
StoresCome visit us at one of our 9 stores
Woodgrain

How much would you like to borrow?

Installment loan
Line of credit
Short term loan

$100

Short term loan

$1,500

Line of credit

$2,500

 
Installment loan

$25,000

Rate

Starting at 6.9%† APR

Up to 35.9%

47.88% AIR

Starting at $10.50*
per $100 bi-weekly


Term

Up to 5 years

Up to 1 year

Up to 4 weeks

2 min 34 sec average application time. 74.6% approved. No commitment necessary.