Grouplend Review – Long Term Loans Canada 

rouplend review reveals that you can avail of long term loans canada if you got with Grouplend. The good news is that your monthly payment for these long term loans canada will never increase. According to Grouplend reviews you can expect no early repayment penalties as well as no need for any cash down payment. These are just one of the services offered by group lend. One of the benefits of applying for these money loans canada is that it is affordable. You can save in cash with such budget saving friendly rates of 6.3 percent or 6.9 percent APR. All of these canada online loans with group lend can be availed when you apply for these money loans canada online. You can use your computer, tablet, iPhone or any device that can access the internet.

The process for applying canada online loans will just take about 3 minutes. Grouplend reviews shares how you can get your money even as early as the next day. Inquiring about the free personalized quote on these online loans canada will not affect your credit score. Grouplend is on a mission to help Canadians achieve financial freedom so that you can improve your lives even when you are financially challenge. Group lend is a collaboration between technology entrepreneurs and financial industry experts. Grouplend review shares that having find a wealth of available data in the world of finance this allows Grouplend to offer more affordable option. They offer long term loans canada that comes with reliable services for Canadian consumers. As a result they are able to give Canadians a better alternative that will not discourage them while borrowing.

What is Grouplend 

Lending is not as what it used to and group lend understands this better than anyone else. Innovative financial entrepreneurs is responsible for this rising tide of financial loans innovation. These financial entrepreneurs want to offer better alternative for everybody in Canada which eventually gave birth to Grouplend. Canada needs what group lend offers. After all, according to Grouplend review this company is a product of a collaboration between technology entrepreneurs and financial industry professionals who are veterans of this field.

Grouplend was a result of two minds working together to offer a solution in terms of peer to peer lending industry. The average Canadian debt has climbed to more than $28,000 Canadian dollars by the end of 2014. These long term loans Canada was basically a result of the observation made on Canadian finance and banking that has not change for a couple of decades. Other parts of the world has innovated their ways of offering loans that people can afford. In this aspect Canada was lagging behind as compared to other well-developed countries of the world.

The founder of this company is an entrepreneur with a heart even from an early age. He was in his own words are obsess about the way how to unlock transform an inefficient system to find its real value. His traditional exposure on employment and success were previously about taking a career path rather than adopt an entrepreneur mind set. After working in the corporate world of banking and private equity he was able to go back to what he was before that: an entrepreneur by heart with the will to help his fellow Canadians.

He had qualms about leaving behind a secure life in the corporate world but, after he finally made the decision to plunge into this personal crusade there is no looking back. He has nothing to regret and would never trade places with anyone with what he learned out from this very experience. In the US, online personal lenders or peer to peer lenders as they are fondly referred to has offered an estimated loan of more than $6 billion dollars. The surprising thing about this is that it was just a few years ago back in 2011 when these loans were around $300 Million. In a span of four short years this industry for online personal lenders grew into this multi-billion industry.

In Canada, the founders of this company attempted to follow the good examples that the US online personal lenders. The difference is that this was for Canadians by Canadians. The disappointing thing is that a typical Canadian charges you with an interest rate from 20 to 30 percent. Whether you avail of low end or high end credit, most lenders will charge you roughly the same rate. This simply means that even if you work hard to build good credit you will still pay for higher interest rates as compared to those that have bad credit. Clearly, this shows that those who have worse credits are not paying enough.

The good news is that this company’s procedure offers excellent savings for those with good credits by allowing them the luxury of availing for decent rates. In essence if you are showing credit worthiness you will be charge lower. This is not the same charge that somebody who has bad credit will get. This creates a better balance and fairness towards responsible borrowers. Just as Santa is rewarding good boys and girls the same thing is what this company is doing. They will connect you with companies that will reward you for your timely payments.

Much like a lending club, this company connects investors who want to offer loans to consumers who are searching for unsecured loans at better rates. The company services are only available online. Just how fast consumers will take on this new way of being offered faster access to money no one knows. It will take some time to get use to but, hopefully consumers will get the gist of it and avail of what this company has to offer. 

Grouplend 

Grouplend review reveals that when the founders of this company build this business they want to ensure that it was technically strong and viable since this would act as the foundation of this innovative approach to long term loans canada. During its earliest stage the think tank team brought with it valuable skills in credit analysis, technology and a good marketing plan. These were the necessary qualifications to make this financial innovation work. These long term loans canada have been offered in specific provinces of Canada but exempts some areas like Quebec and Nova Scotia. However, the plans of this company is to offer these online loans canada to more people in this country. Their plan according to Grouplend review is to offer these long term loans canada to the entire Canada in the future.

Personal borrowing in Canada is both inconvenient and quite expensive. In addition to this, banks do charge you an arm and a leg as processing fees and any other fees that they can come up with. As a result, consumer debt is at an all-time high. You are oblige to wait for slow customer service that you can only avail of during business hours. With the use of technology, this company was able to lower their overhead cost. At the same time they were able to improve and accelerate the speed of service. By connecting with qualified investors they are able to provide you with reduce costs so that you will no longer pay for these extra expenses. Compared to credit card companies, this company allows their customers the luxury of saving as much as 30 to 70 percent on their interest rates. Clearly, you don’t see this often when it comes to other lending companies in Canada. This was one of the weakest points of traditional lending institutions in Canada.

Group lend services are promoted by direct advertisements and through promotion by using affiliate partnership network. It sounds no surprise if this company is growing at such a healthy pace however, for the purposes of confidentiality they do not want to divulge just how much. Suffice it to say, that those who are planning to invest on it will likely enjoy the benefits of their investment. As of this time, what Grouplend offers is equivalent to 10 percent of the US consumer credit market. According to Grouplend review his proves that this company can deliver value to their customers. In turn customers are responding to what this company has to offer. This company allows you to consolidate your credit card debt. In terms of an estimated amount that you can save with your current interest rates. You got to save as much as $3,400 on a $15,000 loan.

This is just one of the good examples of how much you will likely save when you decide to consolidate your credit card debt. It never fails to use a smart move if you know how. Just in case you want to invest with this company you have to be an accredited investor. You can contact your provincial securities commission to find out if you qualify as one. If in case you are qualified you can send them an email through . Don’t forget to include a little background information about yourself as well so that the company can get to know you better. You can also participate as their affiliate partner and earn by promoting their cash loans canada services.

Online Loans Canada 

Grouplend review shares that these online loans canada at present focuses on consumer lending and unlike practices in the US these are offered on a direct basis. As a backgrounder, it is a common practice in the US to let platform partners with existing banks can facilitate underwriting. Grouplend review shares that they promote this business both indirect and direct ways. One of the best known direct ways of reaching out to potential new customers is by educating them about the borrower market. Most of the time the reason why customers are afraid of borrowing is due to ignorance of what available alternative are open for them with regards to long term loans canada.

These loans are funded by a network of investors that are just like you. They just want to help their fellow Canadians by giving them a better and cheaper alternative to borrow and pay for what you owe. Expect to get a call from a Client Care Manager who will likely call you a day after the acceptance of your loan application. This company would like for you to send supporting documents to verify your identity. After all, transactions are done online. There is no talking face to face with a real person. You have several options on how to prove your identity. First of all, you can wait either wait for their phone call or send these documents right away.

You will be given a set of required documents that can help establish your identity like latest photo of your driver’s license or provincial ID card, government issued ID, employment payment stubs for the last two months or three months’ latest bank statements. You can send these through email by scanning the documents since manual submission might take a longer time to verify and process. In case you don’t have pay stubs you can provide this company with the three recent years’ worth of notices of assessment from the Canadian Revenue Agency.

You can start with repaying your loans by providing this company with your bank accounts that you have set up with simple automated monthly withdrawals. Be reminded though that this company wishes to advise you to deposit the loan through that bank account that you take the payments from.

Long Term Loans Canada 

Grouplend review reveals that the regulatory environment when it comes to long term loans canada is considered to be tricky. The only way to survive in this kind of business was to create an environment where this company are only allowed to work only with accredited investors and institutional partners to fund loans on a cost competitive basis. It is the hope of the powers behind this company to see new changes happen over time so that they can offer a broader choice of new investors that can offer much better alternative than what they can offer right now.

Group lend is not just about the temporary, in fact it wants to focus its business growth by creating a lasting impact on this industry. It is not just about the money. After decades of being constrained in terms of innovation and lack of advancement these are slowly transforming into an exciting period of time. Online loans canada borrowers and investors are both benefiting by being provided with better mutual value and an increase reciprocity in terms of accessibility and provision of credit.

This company offers affordable and convenient personal loans than those that you usually get from banks, credit cards and other lenders. They provide you with a different way of paying for your emergency expenses. They use technology and data network rather than rely on paper based traditional systems. You don’t have to waste your time waiting on line until you’re bored just to wait if your application gets approve or not. The frustrating thing is that the waiting will get to you especially if you are not the patient type.

When it comes to range of rates you can expect to be charge from 6.3 to 6.9 on an average loan however, this has the chance to increase by as much as 17.5 percent if you applied for a bigger loan. Grouplend encourages you to repay your loan early. There is no such thing as being charge with penalties for paying what you owe in an earlier schedule. As the year ends most people cannot help it but splurge for the holidays. Savings are depleted all because of holiday splurging shopping here and there. This is also some of the reason why the consumer debt rises during these months.

After this, you are left to fend for yourself, trying to find ways on how to survive until your next pay check arrives. If you are one of the responsible borrowers i.e those that borrow and pay on time you will find a great option offered by this peer to peer lending company.

Conclusion 

Grouplend is not here to take over the key roles of bank in the financial market. Grouplend review reveals that by working closely together with the banks they both can deliver the best offer and value for both borrowers and investors. This arrangement looks like a win-win situation for both parties involve. The simplest way to explain this is that both borrowers and investors are satisfied with the arrangement that they made. Group lend acknowledges the rule of institutional investors like banks in keeping the cost competitive. This serves as a challenge to this company because they can observe this and know up to which point they can expand and widen their investor base over a period of time.

It is not surprising that in the future this company will expand its borders beyond Canada. However, even if this company continues to expand and grow they state that they want to concentrate first in their own backyard before thinking about going international for expansion. According to Grouplend review, this proves that this company is not just after earning from connecting peer to peer lending institution but, about serving Canadians. You are in good hands when you are with Grouplend, online loans canada leading peer to peer institution.

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