AB Licence #: 354845
BC Licence #: 84559
BC Licence #: 84740
The financial flexibility you have been looking for.
Personal Lines of Credit from $1,000 to $10,000 with rates as low as 19.9%5
Returning Customer? Login Now!
AB Licence #: 354845
BC Licence #: 84559
BC Licence #: 84740
Personal Lines of Credit from $1,000 to $10,000 with rates as low as 19.9%5
Returning Customer? Login Now!
Whether you’re on-the-go or in the comfort of your home, you can apply online anytime. There are no origination fees, annual fees, draw fees or late fees on your Line of Credit from Fora. You only pay interest on what you draw, not your entire credit limit.
Submit Your Application
Getting started is simple and the application is completely online.
Get Approved1
Request a credit limit, securely verify your information, and review and sign your agreement.
Request a Draw Online
Request a draw online and, if you’re approved, funds may be deposited into your bank account the same business day2.
The exact amount of each Minimum Payment and the corresponding due date will be outlined in your statements.
To demonstrate what is included in each Minimum Payment on a Line of Credit from Fora, let’s look at an example of a customer with a bi-weekly income frequency (14 days apart) who has an outstanding principal of $2,000 for two billing cycles.
Example 1: Annual Interest Rate of 46.9%
| Billing Cycle Example | Outstanding Principal Balance | Principal Contribution (A) | Interest (B) | Minimum Payment Due (A+B) | Remaining Principal Balance |
|---|---|---|---|---|---|
| 1 | $2,000.00 | $20.00 | $35.98 | $55.98 | $1,980.00 |
| 2 | $1,980.00 | $19.80 | $35.62 | $55.42 | $1,960.20 |
Example 2: Annual Interest Rate of 19.9%
| Billing Cycle Example | Outstanding Principal Balance | Principal Contribution (A) | Interest (B) | Minimum Payment Due (A+B) | Remaining Principal Balance |
|---|---|---|---|---|---|
| 1 | $2,000.00 | $20.00 | $15.27 | $35.27 | $1,980.00 |
| 2 | $1,980.00 | $19.80 | $15.11 | $34.91 | $1,960.20 |
Disclaimer: In these examples, we assume the customer makes a draw at the start of a billing cycle, only makes Minimum Payments and no additional draws are requested on their Line of Credit. This example is for illustrative and informational purposes only. The actual Minimum Payment(s) due on your personal Line of Credit will depend on your individual account circumstances and activity.
Fora is proud to offer the flexibility of a Line of Credit and serve Canadians from different parts of the country. Currently, we are serving residents of Alberta, British Columbia, New Brunswick, Newfoundland and Labrador, Nova Scotia, Ontario, and Saskatchewan but additional provinces will be operational soon. Check back often to see if a Line of Credit from Fora is available in your area.
