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Personal loansmade awesome

See your rates in 3 minutes
Path to lower rates
Loans for everyone

Borrow up to $35,000
With rates starting as low as 5.9% APR

Check your rates

Socially
Responsible

Financial Services

While the banks reap record profits, consumers are saddled with record levels of debt. We think there’s a better way.

Loans for
everyone

We believe that everyone deserves access to responsible credit solutions. With rates that are lower than some banks, we offer loans to people with great credit and even those with bad credit.

Level up to
better rates

Our exclusive Level Up program gives you an opportunity to lower your rates to help you get out of debt sooner.

We believe that everyone deserves access to responsible credit solutions. With rates that are lower than some banks, we offer loans to people with great credit and even those with bad credit.

Our exclusive Level Up program gives you an opportunity to lower your rates to help you get out of debt sooner.

Free Prepaid
Visa® Card

A reloadable prepaid Visa card to help you stay in control. Use your own money as there's no credit on this card and no monthly fee.

Free credit
score

Knowing your credit score is an important part of managing your financial health. If you borrow from Mogo, you'll get your credit score for free.

A reloadable prepaid Visa card to help you stay in control. Use your own money as there's no credit on this card and no monthly fee.

Knowing your credit score is an important part of managing your financial health. If you borrow from Mogo, you'll get your credit score for free.

Smart
Alerts

We make sure to remind you of payments and highlight important info to help you stay in control and avoid unnecessary fees.

Utterly
transparent

Our goal is to make sure you have all the info you need to make an informed decision with no surprises.

We make sure to remind you of payments and highlight important info to help you stay in control and avoid unnecessary fees.

Our goal is to make sure you have all the info you need to make an informed decision with no surprises.

 
100 day money back guarantee
 

We give you time to ensure you feel you made the right decision, or your fees back.


MogoLiquid


Borrow up to $35,000 with rates starting as low as 5.9%†

Canadians currently carry over $500 billion in consumer debt, including about $82 billion in credit card debt. Although interest rates are at historical lows, rates on credit cards can be as high as 30%; and if you only pay the minimum payment, it could take decades to pay off your debt. Even those with great credit can be paying high rates on credit cards, and those with bad credit can be paying rates of up to 46% when borrowing from consumer finance companies. MogoLiquid is an installment loan designed to give as many people as possible an opportunity to borrow at better rates.


Loans for everyone

We believe all consumers should have access to credit.  Unlike traditional lenders, we offer loans to a wide range of consumers, including low rate loans to those with great credit and higher rates to those with bad credit. Our wide range of rates, from 5.9% to 35.9%, enable us to approve a much broader segment of consumers compared to banks. Learn more


Loan amount

Up to $35,000

Rate

5.9% - 35.9% APR

Terms

1 - 5 years

No prepayment penalties
No origination fees

Level Up

Our unique level up program is designed to give all consumers an opportunity to work their way to lower rates after 12 months of good payment history. Learn more


Smart way to Mogo
Fictional example of reference
Pay off a credit card
Jerry

Jerry / Great credit score
MogoLiquid rate 6.9% APR


Jerry owed $10,000 on his credit card that has a 20% annual interest rate. He pays it off with a 6.9% loan from Mogo and reduces his interest rate by over 60%.

Pay off department store credit
Jolie

Jolie / Good credit score
MogoLiquid rate 16.9% APR


Jolie owed $5,000 on her credit card and is paying 29.99% annual interest. She borrows from Mogo at 16.9% reducing her rate by 44%.

Pay off consumer finance credit
Jason

Jason / Poor credit score
MogoLiquid rate 26.9% APR


Jason borrows $5,000 from a conumer financing company with an interest rate of 46.5%. He switches to Mogo and is approved for a loan at 26.9% cutting his rate by 42%.

Real customer stories

Mike S paid off credit card debt with Mogo


The friendly staff helped me work out a great interest rate and payment schedule. I used the money to pay off both my credit card bills along with my line of credit.

Russell L got a better rate with Mogo

I was able to obtain a loan to consolidate my debts at a much better rate than the credit companies and other institutions provided.Thank you Mogo!

3 minutes is all it takes to see what you qualify for.
Check your rates

MogoMini & MogoZip


Up to 93% cheaper than a payday loan**

Approximately 30% of Canadians are considered to have credit scores that are considered non-prime and are sometimes shut out from access to mainstream credit from banks. According to the Canadian payday loan association approximately 2 million Canadians turn to payday loans. 

Although convenient, these loans can be costly and many can find it difficult to get out of the cycle and gain access to more affordable options.  We believe that the socially responsible thing to do is to offer these consumers a better option. We have 2 solutions that are designed to save these consumers up to 93% compared to the typical cost of a payday loan**, and with our unique Level Up program anyone can continue to lower their cost of credit over time and help them get out of debt.

  • MogoMini


  • Up to $2,500

Short term solution
  • Great alternative to a payday loan
  • About 11 cents a day per $100 borrowed (39.9% AIR)
  • Flexible payments – pay it off whenever you want
  • Save up to 93% compared to a payday loan**

Level Up

You’re eligible to Level Up to a lower rate in as little as 6 months with good payment history.

Daily rate

$0.11/$100 borrowed‡

Smart way to Mogo
Fictional example of reference
Instead of a Payday Loan
Mary
Rob

Mary had a credit score of 500 and was unable to borrow from the bank and found herself turning to a local payday lender. A few months later she found herself unable to get out of the payday loan cycle ...given the high fees. She applied online at Mogo and was instantly approved for $500 MogoMini which she borrowed to pay off her payday loan. Her total cost of credit went from $105 for 14 days, down to $9.15, lowering her cost by 94%. She used the savings to begin paying down the principal and got out of debt in only a few months. Learn more
See more

  • MogoZip


  • Up to $1,500

Emergency advance option
  • Save up to 50% – our 2 week term rate is only half the cost of the regulated rate cap for payday loans
  • 2 week or 30 day option

Level Up

After 4 successful loans you’re eligible to Level Up to MogoMini and begin accessing rates that are up to 93% cheaper than payday loans**.

Smart way to Mogo
Fictional example of reference
Got out of payday loan debt
Jay

Jay needed $500 to cover some bills and turned to a payday loan but quickly found himself a cycle of repaying and re-borrowing with seemingly no way out. He turned to Mogo and was approved for a $500 MogoZip* loan that he used to pay off... his payday loan. Because this loan was 50% cheaper than his payday loan, he used the savings to reduce the principal and eventually got out of debt.
See more

Real member story

Shondi G. got out of payday loan debt with Mogo

I have been able to get out of the payday loan cycle thanks to Mogo and if I ever feel the need to borrow in the future I will most definitely use Mogo! 



3 minutes of your time is all it takes to see what you qualify for.
Check your rates


How MogoMoney works?

Play
Simple application

Our average application time is 2 minutes and 34 seconds.

Instant approval

See your loan options and rates. No commitment. Don’t want it, just say no.

Select and customize

Choose which loan or loans you want, and customize your amount.

Get funded

Funding as soon as same day. On average 52% of our loans under $2500 get funded... Read more

Simple application

Our average application time is 2 minutes and 34 seconds.

Instant approval

See your loan options and rates. No commitment. Don’t want it, just say no.

Select and customize

Choose which loan or loans you want, and customize your amount.

Get funded

Funding as soon as same day. On average 52% of our loans under $2500 get funded... Read more

Loans for everyone


At Mogo, you’re more than just your credit score as we use thousands of traditional and non-traditional data points including credit bureau information to assess your credit options.

To give you a sense of what you may be approved for, we’ve shown what our minimum credit score is for each grade. Your credit score is only one element of what goes into determining your grade but it can give you a sense of what you may be eligible for. We’re constantly updating and optimizing our models so these numbers may change.

Mogo credit score graph
Credit scores in Canada generally range from 399 to 862. The better your score, the better your chance of getting the loan you want. They are not the only factor in determining your eligibility, but do play a major influence. Approximately 50% of Canadians have scores above 750.
Mogo credit grades
It’s important to note that your credit score is only one element of determining your rate, and is only meant to be a guide.  It is possible to be approved for a rate that is higher than what is suggested by this chart.  For example you could have a credit score of 760 and be approved for a rate at 12.9%.


Level up


We believe that all consumers, regardless of their credit score, should have an opportunity to gain access to better credit at lower rates. Our Level Up program is designed to enable anyone to work their way up to better rates, even if their credit bureau score doesn’t change.

We leverage many data points to determine your Level Up status, but the single biggest influence is your payment history with Mogo. The more loans and good payments you make, the better the influence on your Level Up status.


Fictional example of reference
Jason Leveled up to a better rate
Jason

Jason / Poor credit score
Level Up from level H to level G


Jason was initially approved for MogoLiqiuid at 26.9%, after 12 months of good payment history he Leveled Up to a lower rate of 22.9%.


Here's how it works


Levels A through K

For levels A through K, you will be eligible to Level Up to the next best rate assuming you don’t miss any payments and remain in good standing for 12 months.

Level L

For level L, you can begin to Level Up to better rates after 4 loans with no defaults.


Members only

perks

When you sign up to Mogo you become a member with access to free MogoPerks (even if you don't get a loan)

Cool Giveaways

Necomimi girl

Tips & Tricks

Breaking debt mogo

Free treat of the month

Mogo giveaways

Cool Giveaways


Tips & Tricks


Free treat of
the month



Here 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.

Call 1.800.980.Mogo (6646)
Come visit us at one of our 9 stores

Personal loans made awesome

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

Check your rates