No; Credit Builder isn’t a cash loan.
With Credit Builder, we report your monthly payments to Equifax Canada, which helps build credit history. This is a 36-month secured installment loan and is reported as such to Equifax Canada. It’s only at the end of the 36 months that you will receive your savings.
Our product is intended for clients who wish to build their credit history. It’s also popular amongst individuals who wish to qualify for better offers and interest rates on their credit cards, mortgages, car loans, and more.
If you’re interested in Credit Builder, you can sign up here.