Mogo offers the MogoMini line of credit with a credit limit up to $3,500.00.
The MogoMini is a line of credit, it is NOT a term loan. This means that your balance will NOT be paid in full by making only the minimum payments as minimum payments do not include any portion of the principal balance.
For example, if you make every minimum payment for one year and do not make any additional payments, your principal balance will remain the same. You must make additional payments over and above your minimum payment to reduce your principal balance.
To see if you qualify, sign up for a MogoAccount. Signing up doesn't impact your credit and you're not committing to taking any product, so there’s no harm in checking! A hard credit check is only performed when you submit your completed application.