The minimum requirements vary from lender to lender but most will require that you meet these standards to qualify for a personal loan.
- Be at least the legal age of majority for your province (which is 19 years old in most provinces.
- Have a valid government-issued ID.
- Have a specific minimum credit score.
- Have a valid Canadian address and proof of this address.
- Have a steady income or proof of employment.
- Submit bank statements.
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