Do you qualify?

The 4 eligibility requirements

• A regular paycheque from an employer, full-time or part-time
• Direct deposit of your pay into your bank account
• A bank account open for at least 3 months, with regular income deposits
• 18 or older and living in Canada

Why these requirements?

We do not use your credit score. Our decision is based entirely on the stability of your income, which is verified through Instant Bank Verification (IBV). For that verification to work, your income must show clearly in your banking history: that is what an employer paycheque, direct deposit and an account active for at least 3 months guarantee.

Income types not eligible at this time

In all transparency, here is what we currently cannot accept as a main source of income:

• Self-employment or business income
• Employment Insurance, CPP, OAS, pension
• Child tax benefits
• Disability income
• Welfare or income support
• No income

These income types are not compatible with the IBV analysis used to assess repayment ability. If your situation changes and you start receiving a regular paycheque from an employer, you will be welcome to reapply.