How To Get Approved For A Loan

Have you been trying to get a loan for yourself Keep getting denied or are confused about the process? We lay down every detail you would need to get an approval for your loan,

Requirements to apply for a Goloan (this is what our underwriters look for)

1. Be at least 18 years old.

2. Employed for at least three months with a monthly income of at least $1600, received by direct deposit from your employer.

3. No non-sufficient fund or stop payment transactions on the bank statement within the last 90 days.

4. Have a Canadian bank account (active for at least 5 months) in which you are paid by direct deposit from your employer. For PC-Financial bank accounts kindly use Flinks-IBV. We do not accept Koho.

5. Not be considering bankruptcy or entering into a consumer proposal.
Be a Canadian citizen residing in Ontario, Newfoundland, Labrador, New Brunswick, Prince Edward Island, British Columbia, or Alberta.
6. Have a low short-term debt ratio (minimal other active short-term or payday loans).

Goloans is one of the top companies offering loans. We have made the process easier and faster for you by using a third-party Instant Banking verification (Flinks & Inverite) to ensure the security of your financial data and by eliminating the use of paper documents. All you have to do is:

If Inverite supports your bank account:

A. Access bank account through Inverite ( it will show up after you send application & has military grade security)-
B. A valid photo ID

If Inverite does not support your bank account, here is a list of documents required for loan processing:

1. Latest 3 months bank statements in PDF format.

2. A valid photo ID

3. A Void cheque

4. Latest 3 months pay

5. A proof of residence (can be electricity bills, phone bills, or even the lease agreement.)

It is mandatory and advisable for individuals looking forward to getting their loan processed as soon as possible, to have and send all the documents mentioned above ready with them to avoid any delays.

Quick Tips

Here are five quick tips to get the loan as quickly as possible:

1. Get your credit score checked beforehand.

2. Make sure that you do not apply for a loan with multiple lenders, as this may be unfavourable for you, Goloans has a very fast response time, be patient.

3. Take proper consideration of your debt-to-income ratio before applying for a loan.

4. Choose the loan amount that best fits your repayment capacity.

5. if you feel that you meet these requirements: submit your application here: <apply for a loan now>

6. please note, that you can apply for a loan every 30 days!