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Fast and digital solutions to turn your plans into reality.
The Mogo Money personal loan was created for those who seek convenience when accessing credit, combining speed, flexibility, and security in one service.
With the possibility of borrowing amounts from $500 to $35,000, it adapts to different profiles and financial needs in a transparent way.
Everything happens digitally, simply and without bureaucracy, offering more control and convenience for those who want to organize their finances with peace of mind.
Now it is your turn: discover the Mogo Money personal loan and see how it can transform your plans into reality with much more ease.
| Category | Minimum | Maximum |
| Amount | CAD $500 | CAD $35.000 |
| Interest Rate | 9,90 % | 35% |
| Terms | 6 months | 60 months |
Discover the Mogo Money personal loan: fast, digital, and with no penalty for early repayment
The Mogo personal loan is a modern solution that combines speed and simplicity, allowing access to credit in a digital, practical, and fully transparent way.
It offers flexibility for different goals, whether consolidating debt, funding personal projects, or handling unexpected financial challenges.
Everything is done online, without complications, from the simulation to approval, giving the user more autonomy, convenience, and control over every detail.
By choosing the Mogo personal loan, you enjoy accessible conditions, no penalty for early repayment, and a service designed to make your life easier.
Types of Credit Offered by Mogo
The Mogo Money personal loan opens the door for those looking for simple and accessible credit, with different options that adapt to various financial profiles.
Mogo offers practical alternatives ranging from fixed installment loans to more flexible lines of credit, always prioritizing convenience, transparency, and agility.
MogoLiquid – Fixed-term personal loan
MogoLiquid is the recommended option for those who seek predictability, with defined installments and a set term, making monthly financial planning easier.
This type of credit is ideal for larger goals, allowing you to borrow significant amounts with peace of mind, since repayment is aligned with your budget.
The Mogo Money personal loan in the MogoLiquid format provides stability, helping those who prefer consistent commitments while keeping the flexibility of early repayment.
In addition, the entire process is carried out online, with speed and simplicity, making the experience pleasant and practical for those who want hassle-free credit.
MogoMini – Flexible line of credit
MogoMini is the alternative designed for those who need agility with smaller amounts, functioning as a line of credit available when necessary.
Unlike traditional loans, it offers more freedom, since you only access the amount actually used, paying interest solely on that portion.
This option helps with everyday unforeseen events, being useful to cover unexpected expenses or emergencies without compromising the established financial plan.
With the Mogo Money personal loan in the MogoMini model, you find real flexibility, combining convenience, practicality, and the trust of a consolidated Canadian fintech.
Main benefits of the Mogo Money personal loan
The Mogo Money personal loan presents unique advantages that make the experience lighter, combining speed, flexibility, and transparency in credit access.
These benefits were designed to offer peace of mind and convenience, ensuring that every stage of the financial journey is simple, reliable, and truly advantageous.
Quick pre-approval with no impact
With pre-approval, you discover your chances in minutes without harming your credit score, allowing you to evaluate options confidently and without compromising history.
This benefit makes the analysis friendlier, as it lets you know conditions before deciding, offering security when considering the Mogo personal loan as an alternative.
Beyond speed, this stage brings emotional relief since the initial process carries no risks, helping you compare scenarios with complete freedom.
It is a transparent way to bring you closer to the best solutions, eliminating uncertainties and making everything clearer before any formal commitment.
Early repayment with no penalty
With Mogo, you can repay the loan whenever you wish, without extra fees, guaranteeing freedom and full control over your financial planning.
This advantage reduces charges and saves money since repaying early means fewer accumulated interest payments over the contracted period.
The absence of penalties is a differentiator, showing commitment to making customers’ financial lives easier and prioritizing flexibility in every situation.
This way, you maintain autonomy, reorganizing finances when opportunities arise, without fear of unexpected charges for ending the contract earlier.
100-day guarantee
With the 100-day guarantee, you can try the service and withdraw if unsatisfied, recovering interest and fees already paid.
This benefit provides security, working as an extended trial period, allowing you to evaluate if the credit really meets your financial needs.
The peace of mind offered by this condition strengthens trust, showing Mogo’s transparency and respect for the consumer at every stage of the process.
It is an invitation to explore the solution without fear, knowing there is room for reconsideration and return without significant financial loss.
Free credit score
By using the service, you also gain access to monthly monitoring of your credit score, a valuable tool for better planning your future.
This monitoring helps you understand the impact of your decisions, encouraging good habits and gradually improving your score over time.
The feature adds value, going beyond the loan itself, as it provides financial education and strengthens trust between client and institution.
With this benefit, you track progress, celebrate achievements, and identify areas for improvement, always with Mogo’s direct and practical support.
Integrated additional services
Mogo also offers complementary services such as fraud monitoring and a prepaid card, making the experience even more complete and practical for the user.
These extra resources ensure you have a diversified financial package, adding protection and convenience beyond the primary loan.
This integration reflects a commitment to delivering comprehensive solutions, enhancing security, and simplifying personal financial management daily.
With more tools available, you centralize functionalities in one place, avoiding dispersal across different services and saving precious time.
Accessible to medium/low credit
One differentiator of Mogo is considering clients with average credit scores, offering opportunities even to those without a perfect history.
This aspect broadens access, helping people who might be refused elsewhere to obtain credit under transparent and fair conditions.
Thus, the service positions itself as inclusive, reaching a wider audience while maintaining responsibility in risk analysis.
This represents more chances of financial reorganization, allowing different profiles to find support in times of need without facing excessive barriers.
Digital and fast process
The entire process happens online, from the simulation to credit release, making the experience more agile, practical, and modern.
This digital format avoids travel and bureaucracy, providing convenience and speed for those who want to handle finances without wasting time in lines.
Agility is reinforced by the platform’s simplicity, which lets you track each stage clearly and make necessary adjustments with just a few clicks.
With this approach, Mogo turns borrowing into a smooth and convenient experience, adapted to today’s lifestyle.
Reliable and regulated fintech
Mogo is a consolidated Canadian fintech, regulated and with a solid reputation, transmitting trust and security across all its digital financial products.
This assurance brings peace of mind since clients know they are dealing with an institution committed to strict rules and market best practices.
Its positive track record and user base strengthen credibility, confirming the company as a reference in the modern online credit segment.
By choosing the Mogo Money personal loan, you benefit from innovation, protection, and the reliability of a recognized brand across Canada.
Eligibility requirements to apply for the Mogo Money personal loan
To enjoy all the advantages of the Mogo Money personal loan, it is important to know the basic requirements needed to become eligible for credit.
| Criteria | Details |
| Residency / Location | Must be a resident of one of the following provinces/territories: BC, AB, MB, ON, NB, NS, PEI, NL, NT, NU, YT. |
| Minimum Age | 18 years old |
| Minimum Annual Income | CAD $13,000 |
| Employment / Stable Income | Must have employment or a stable source of income (full-time, part-time, or self-employed) for at least 30 days. |
| Required Documentation | – Government-issued photo ID – Proof of income (pay stubs, employer letter, bank statement).- Proof of an active bank account.- In some cases, proof of address. |
| Credit Check | – Pre-approval with a “soft check” (does not impact score).- If the offer is accepted, Mogo performs a “hard check” (impacts credit history). |
| Financial Situation | Cannot be in active bankruptcy or undergoing insolvency proceedings. |
| Credit Score (Indicative) | No official fixed requirement, but independent analyses suggest a minimum of ~540 as a reference. |
By meeting these requirements, applying for the Mogo Money personal loan becomes simple and quick, ensuring more security and transparency throughout the financial experience.
Step by step to apply for the Mogo Money personal loan
See how to apply for the Mogo Money personal loan in just minutes, following a simple, digital, and secure path from start to funding.
Loan
Mogo
- Create your account on the app or website, enter basic information, and run the initial simulation with no score impact.
- Upload required documents: valid ID, proof of income, and bank statement. Authorize analysis for quick pre-approval.
- Receive a personalized offer, review rates, terms, and installments. Adjust amounts if needed and confirm terms when comfortable.
- Sign the contract digitally and finish. Funds are deposited into your account, usually the same day or soon after.
Done! By following these steps, you apply for credit with autonomy, transparency, and speed, maintaining full control over your financial experience.
Applicable fees of the Mogo Money personal loan
The Mogo Money personal loan was designed for those who need credit with transparency and flexibility, bringing clear fees that help financial organization.
Knowing the applicable charges is essential before applying. This way, you understand interest, penalties, and optional services, making safer and more informed decisions.
Interest Rates
The Mogo Money rate ranges between 9.90% and 35% annually, adjusted according to client credit profile and loan term.
For example, on a CAD $10,000 loan with an annual rate of 15%, the additional interest cost would be about CAD $1,500 at term.
These rates reflect both the institution’s assumed risk and the applicant’s financial history, varying significantly across different client profiles.
With the Mogo Money personal loan, understanding the applied rate is essential to properly assess the financial impact of each loan.
Late Payment Fee
The late fee applies when an installment is missed on the agreed date, costing between CAD $20 and CAD $50 extra.
If a CAD $1,000 payment is late, the penalty could increase the total amount to up to CAD $1,050, straining the budget.
These fees act as an incentive for punctuality, reinforcing the importance of keeping payments on time to avoid unnecessary expenses.
When considering this fee, careful budgeting is essential, ensuring financial discipline and preventing extra charges from compromising personal goals.
Optional MogoMini Service Bundle Subscription
Mogo offers an optional package called the MogoMini Service Bundle, which adds extra benefits but comes with a monthly cost to the client.
For example, on a CAD $10,000 loan, this package could add several dozen dollars per month to the contracted amount.
This subscription is not mandatory but may be useful for those who want additional features, depending on personal needs and spending habits.
In the context of the Mogo Money personal loan, evaluating bundle subscription is important to ensure the extra cost truly justifies the benefits.
Conclusion
Understanding the fees of the Mogo Money personal loan is essential to assess the real cost of credit and maintain a more balanced financial choice.
Every detail, from interest to late penalties, directly impacts the final amount, reinforcing the importance of analyzing carefully before signing.
Additionally, optional packages such as the MogoMini Service Bundle can be helpful in some cases but require reflection to avoid unnecessary expenses.
Did you like it? Want to discover another digital and accessible credit option? Check the article below and learn all about the Symple Loan personal loan!
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