What is the MogoMini Service Bundle?

The MogoMini Service Bundle is an optional add-on to complement our MogoMini line of credit product. For a flat fee, you'll get the following benefits along with your loan:

Free Email Money Transfer Funding – a $19.99 regular fee

Re-Accessing Funds Waiting Period Waived
If your MogoMini Loan is paid in full and you wish to re-access funds, we will waive the three day waiting period to ensure your previous payment has cleared first. However, you must provide a bank statement that shows the payment clearing your account and your account must have a positive balance.

Dishonoured Payment Fee Waived
If your payment is returned and you remit the default payment within 5 business days, we will waive the $50 Dishonoured Payment Fee. You can use this benefit in conjunction with the Skip a Payment benefit.

Default Consequences
Mogo has the ability to call your MogoMini Loan due in full if you default on or miss any payment. With the MogoMini Service Bundle, you will be allowed to keep the MogoMini Loan in good standing if you missed one payment. Based on your history, Mogo may allow up to two missed payments before closing your MogoMini Loan and calling the outstanding balance due in full.

Skip a Payment Twice a Year
Need extra time to make your regularly scheduled payment? Twice a year (once every 6 month period), we will allow you to skip a regularly scheduled payment. That means we’ll completely waive the interest and fees that you’d be charged otherwise. You may also use this benefit if you missed a payment but repay it back within 5 business days, which allows you to also waive the dishonoured payment fee.

Priority Funding
Your loan will be immediately placed at the front of our lending queue, helping you get your money even faster.

All benefits will be outlined in detail in your loan agreement. This bundle costs just $14.99 and will be added to each regularly scheduled MogoMini minimum payment.