Mogo offers the Mogo line of credit with a credit limit up to $5,000.00.
This is an interest only line of credit, NOT a term loan. Minimum payments include fees for optional services and interest. You must make additional payments to reduce your 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.
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.