Loan Terms & Disclosures
Transparent Terms.
No Surprises.
Minimum repayment
Bi-weekly structured payments
Maximum repayment
Flexible plan, no penalty
Maximum annual rate
All fees included. Nothing hidden.
Representative Example
$1,000 loan over 120 days.
No hidden fees, no membership costs, no broker charges. The total cost is exactly what you see below.
Approval is subject to income verification and does not guarantee a loan offer. No membership, brokerage, or application fees apply.
The Process
From application to deposit in one day.
Why iLowns
Built around your financial health.
Approval is based on your current income and financial position, not a credit score from years ago.
No hidden fees.
Our 34.99% APR is the complete cost of borrowing — not a starting point or a best-case scenario. No membership fees, no broker charges, and nothing added after the fact.
Decisions in minutes.
IBV technology verifies your income directly with your bank in real time, so there are no payslips to submit and no waiting on a manual review.
You see everything before you sign.
Every payment date and total cost is shown upfront before any commitment is made. You can walk away at any point before signing.
Implications of Non-Payment
What happens if you miss a payment?
These are the consequences of missing a payment, presented clearly so you know what you are agreeing to.
Late fee policy
A one-time late fee may apply after a 3-day grace period. We will contact you before any fee is charged.
Collection practices
Accounts overdue beyond 90 days may be referred to a third-party collections agency. This can affect your credit file and should be avoided by contacting us early.
Credit reporting
Payment history may be reported to Canadian credit bureaus. On-time payments help your score. Missed payments hurt it. We report both.
Renewal policy
iLowns does not automatically renew or roll over loans. Any new loan requires a fresh application and new income verification.
Boost Your Approval Chances with a Cosigner
Our partner, Cosigns.ca, can help you secure your loan even if you have less-than-perfect credit.
Why Consider a Cosigner?
Adding a cosigner to your application reduces the risk for lenders, which often leads to immediate approvals and better terms.
Faster Approvals
Skip the waiting period. Cosigned applications jump to the front of the line.
Higher Acceptance
Even with bad credit, a cosigner's backing drastically improves your odds.
Seamless Process
Our integration with Cosigns.ca makes adding a cosigner entirely digital and stress-free.
4 Simple Steps to Success
Apply
Start your standard application with iLowns.
Get Referred
If we need extra security, we'll direct you to Cosigns.ca.
Add Cosigner
Your cosigner completes a quick digital verification.
Get Funded
Once approved, funds are transferred instantly.
Cosigner & Cost Disclosure
- • APR max 34.99%.
- • The fees for third-party cosigner services are independent of our loan terms.
- • These fees are separate from loan interest and may affect the effective Annual Percentage Rate (APR).
We encourage all borrowers to carefully review their agreement and understand the full cost of borrowing before signing.
Ready to start
Up to $1,500.
Same day review.
No hidden costs.
No guaranteed approval claims and no pressure tactics — just a straightforward income verification and an offer you can review without obligation.