A New Chance at Financial Flexibility

Neo has partnered with Fora to bring you another credit option—apply for a Line of Credit up to $15,000

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Fora and Neo Financial are here to make credit more accessible.

Fora, a trusted Canadian lender offering transparent Lines of Credit, is here to help you find a credit solution that fits your needs. Whether you’re on-the-go or in the comfort of your home, you can apply online anytime. You can borrow what you need, when you need it, and you’ll only pay interest on the amount you use, not your entire credit limit.

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Submit Your Application

Getting started is simple and the application is completely online.

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Get Approved¹

Request a credit limit, securely verify your information, and review and sign your agreement.

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Request a Draw Online

If you’re request is approved, funds may be deposited into your bank account the same business day².

What to Expect with a Line of Credit from Fora

The annual interest rate for a Line of Credit from Fora starts as low as 19.9%⁵. You only pay interest on what you draw, not your entire credit limit.
If you have an outstanding balance, you will need to make Minimum Payments which are typically due on your pay dates.
Each Minimum Payment includes:
- Interest charged on your outstanding principal balance for each day of your billing cycle; and
- A contribution towards your principal, based on your income frequency, to help make a dent in your balance.

The exact amount of each Minimum Payment and the corresponding due date will be outlined in your statements.

Minimum Payment Examples

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 34.9%

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	$26.77	$46.77	$1,980.00
2	$1,980.00	$19.80	$26.50	$46.30	$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 Proudly Canadian

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, 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.