Turn equity to cash for:

Debt
consolidation

Pay off existing loans and credit cards

Home
improvements

Invest in your property and increase its value

Emergency
expenses

Access funds when you need them the most

Bridge
financing

Get funds quickly to cover short term costs

Debt
consolidation

Pay off existing loans and
credit cards

Home
improvements

Invest in your property and increase its value

Emergency
expenses

Access funds when you need them the most

Investment
opportunities

Jump at the chance to  grow your financial portfolio

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Take control of your finances

Leverage your home’s equity to get access to the funds you need. Even if you’ve been turned down by the bank, PADS may still be able to help.

couple
home equity loan
24 hoursapprovedloan amount

How it works?

Secure a home equity loan approval in 24 hours. Our loan application process is 100% online, from sign up to fund transfer.

1

Submit online application

Apply online within minutes with just  your ID and mortgage statement.

2

Get approved in 24 hours

A loan offer will be presented within 24 hours for your approval.

3

Finalize and receive funds

Accept the offer, finalize with the notary, and receive your funds.

Home equity loan calculator

The choice is yours. You decide the term, the loan amount & the payment type.Consult the calculator below to help you make an informed decision.

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The amount of funds you require.

$

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Repay your loan in 3 to 36 months.

months

input value

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This will help estimate your interest rate.

     :Strong: Steady income, above average credit score.

     :Average: Manageable debt, steady income, acceptable credit score.

     :Need help: Credit score challenges, many debts to consolidate.

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Monthly: Recurring payments once a month.
Bimonthly: Recurring payments twice every month.

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Interest only: Recurring payments include only the interest, while the final payment will cover the full loan amount.
Conventional: Recurring payments include both the interest and the principal.

Calculate

$

413.00

*Principal must be repaid at end of term

Please note that the provided payment is an estimated amount and is subject to change upon final approval. To obtain the precise payment amount, we encourage you to submit an application today.

Apply now
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Alternative Financing options

Not sure where to turn to for your funds? See how PADS stacks up to traditional banks, credit cards and other loan options.

personal loans

Personal loans

Unsecured personal loans are offered at higher interest rates than secured loans. If your credit score is low, there are no guarantees of being approved. Loan amounts on these unsecured loans are typically smaller because of increased risk on the lender's  side.

banks

Banks

Bank home equity loans and HELOCs can help homeowners obtain funds at lower rates.  Unfortunately, strict eligibility criteria such as the mortgage stress test and a long application process render them out of reach for Canadians with credit challenges.

credit cards

Credit cards

Credit cards offer high, compounding interest rates that end up costing you much more, trapping you in a cycle of debt. If you miss a payment your credit score will take another hit.

Frequently asked questions

What is a home equity loan?

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How does a home equity loan work?

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Do I need to own my home to qualify for a loan?

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What can a home equity loan be used for?

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How much can I borrow with a home equity loan?

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See all FAQ