Unfortunately, our lending partners can only approve applications from individuals who receive a regular paycheque from an employer, either full-time or part-time, through direct deposit into their bank account.

At the moment, we’re unable to match applicants whose main income comes from:

- Self-employment or business income

- Government benefits (EI, CPP, OAS, child tax, disability, pension, welfare, social assistance, etc.)

- Or who are currently not working

These income types aren’t compatible with the Instant Bank Verification process most lenders use to assess repayment ability.

We know this can be frustrating, but we prefer to be transparent upfront - this helps avoid wasted time for you and our lenders.

💡 If your situation changes in the future and you start receiving a regular paycheque from an employer, you’ll be welcome to reapply through LoanPilot.

At this time, our lending partners can only review applications from people who receive their pay by direct deposit into their bank account.

If you’re paid by cash, cheque, or any other method, we unfortunately can’t verify your income automatically through the Instant Bank Verification (IBV) system - which is the only way our lenders approve loans.

We prefer to be upfront about this to save you time and avoid any frustration later in the process.

To qualify with our lending partners, your main bank account must have been active for at least 3 months with regular income deposits showing in your transaction history.

If your account is brand new or has been open for less than 3 months, lenders can’t properly verify your income stability through the Instant Bank Verification (IBV) system.

Once your account reaches 3 months of activity, you’ll be eligible to reapply - and we’ll be able to instantly match you with multiple lenders at once.

We prefer to be transparent now to avoid wasted time for both you and our lenders.

To qualify for a loan through LoanPilot, our lending partners require a minimum take-home income to ensure repayment ability and eligibility under their Instant Bank Verification (IBV) criteria.

Based on your answers, it looks like your current income is below the minimum threshold for approval.

Here are the minimums required depending on your pay frequency:

Weekly: $500 / week

Every 2 weeks: $1,000 / 2 weeks

Twice a month: $1,000 / pay period

Monthly: $3,000 / month

If your income is below these levels, lenders won’t be able to make you an offer because your bank activity wouldn’t show enough consistent inflow to meet their lending criteria.

We know this may be disappointing — but being upfront helps avoid unnecessary steps for you and ensures you can reapply confidently once your income increases.

At this time, our lending partners aren’t able to approve new loans for applicants who are currently in a bankruptcy or consumer proposal.

Lenders must verify repayment capacity through Instant Bank Verification (IBV), and active insolvency proceedings prevent them from offering new credit until those obligations are officially discharged or completed.

We know this may not be the answer you were hoping for, but we believe it’s best to be transparent now rather than have you complete a process that can’t lead to approval.

Your bank is not supported by our verification system, which means none of our lending partners can review or approve your loan request.

To qualify for a loan through LoanPilot, your main bank account must be with one of our supported institutions.

There is no need to continue the application, as lenders will not be able to process your request.

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