Looniefinancial Reviews 

When Applying For a Loan With Loonie Financial, Please Ensure That:

1. You are 18 and over.
2. You don’t have a PO Box address (instant application withdraw).
3. You are receiving DIRECT DEPOSIT by your employer and not ETransfer deposits.
4. Have at least 3 or more direct deposits from your job in your bank account.
5. You are not self-employed, retired or on pension.
6. You add a checkings account you are getting paid in and not a savings account or credit card.
7. You don’t already have and active loan with them or have an account that hasn’t been paid off in full as yet.

Interest Rate: 32%

Borrowed 300 and paid them 350 day later. They now trying to get over 150 more from me, saying the 350 sent couldn't cover the principal? Since when? If it had been stretched out with weekly payments, the amount would have been 500 with interest etc. But literally one day later I owe another 150? It's 14 per hundred... this is shady as heck. I've reported them. Highly don't recommend this company at all.

Do not use them I got sick missed payments they called my work and family told them. Everything ! I paid them off last week they charged me 120 per nsf and kept trying to take cash out every week! After paying them off they took money again today from me I paid over 800 for a 300 loan stay away I have reported a fraud case with my bank and have to bring in proof I was paid off thank god I took pics of my account. I am also reporting them to the bbb do not else them at all they are rancid horrible to deal with they also call you at 4 am for money have screen shots of that as well

Poor customer service. And website keeps disappearing and coming back as loans canada. Scam site

If I could rate them a zero I would.

NEVER BORROW FROM THEM! I am so upset right now I can't even see straight.

They would get a -3 if that was possible but since I can’t do that I gave it a 1.

The loan had been approved, then you had to call, all the papers signed and everything. He asked so many questions and at the end he said start the process again. No way I don’t want to do that. Also the interest is over the top. It was in 3 payments but by the end it was almost double. They are in Quebec so maybe the interest totals can be more.
Do NOT use this company. They are aptly named loonie as to borrow from them is loonie.
Hopefully they don’t charge my account next month!!!!

Terrible avoiding at all cost. They will charge you fees for no reason and won't respond to you

Liars!! Say they will give you a loan. .say your pre approved. I make 5000 a month and they won't give me a 200 loan. This place is a joke.

My review is not meant to be negative. In these financially trying times when you are desperate, this could be an option for you. On a $350 loann, you will owe $586. The interest is quite high so just be aware.
I also found that customer service was quite abrupt and wanted to rush through the process. There was a HUGE amount of background noise that was more reminiscent of a call center rather than a loan business.
Final is that their number comes up as reported spam and they would not disclose their location. I did NOT except their offer. If you are desperate, the process was very quick and straight forward.

Took a quick loan approved but my next payday they took out my payment before they even dispersed the loan
And no response back
Avoid at all costs!!!

Horrible its a scam!!!! They approved signed contract and then told me it was canceled but wouldn't send me confirmation of it!!!!

You can't speak to anyone the hang up on you! Reported them to authorities

Don't do it. I applied got pre approved for $350..didn't hear back reapplied got pre approved for $600.then they called me said I was approved for $350..asked me every question I did on the application . Why even have online application..lol. waste my time ..I was working I asked them to call me back ina a few hrs . Never heard back. That was 4 days ago. Clearly I went and got a loan within min. No hassle .there is good loan company's out there. This ISNT one of them!

I Really Should Have Done A Google Search Before Starting The Whole Application Procedure. Filled Out The Application, Was “Pre-Approved” For $600 Loan. The Final Step Requires A Phone Call With A Live Person. Everytime I Called The Provided Number I Would Be Transferred To Voicemail. Left Message. A Few Hours Later They Happened To Call While I Was Busy So I Answered And Asked If They Can Call Back In 15 Minutes. The Background Noise Sounded Like The Agent Was Talking To Me From The Food Court Of A Busy Mall Which Gave Me A Bad Vibe. No One Call Back Til The Next Day. But I Decided To Do A Google Search Beforehand To Find Out If They’re Legit. Found A LOT Of Bad Reviews. So I Didn’t Really Want To Complete The Loan. Then When I Finally Got Called Back, I Asked The Agent If I Could Change Their Payment Day To The Following Day After I Get Paid Instead, Cause My Pay Isn’t Deposit Until Late In The Afternoon, And If They Take Their Payment First Thing In The Morning Then It Could Lead To Issues. She Told Me “No, It Had To Be The Same Day As Your Pay Day & It Wouldn’t Cause Their Payment To Bounce”. That Was All I Needed To Hear To Know I Didn’t Want To Do Business With Them. How Could She Possibly Know How My Bank Processes My Activity. I Do Know They Love To Charge High Fee’s After Reading The Contract They Initially E-Mail. I Would Recommend Someone Only Getting Their Loan If You’re Never Gonna Pay Them Back Cause You Either Don’t Care, Declaring Bankruptcy Soon, Know You’re Dying In The Near Future, Or Stole Someone’s Identity And Want To Really Mess Up Their Life.

charged 400 on 600. do not use them. they are criminals that prey on people in rough situations. took money out of account when I said not too. added criminal fees do not use them use icash

I have used Loonie Financial a few times over the past few years. When I experienced a serious financial setback while I already had a loan with them, they took the time to listen and acknowledge my situation.

Yes, there were NSF fees, but that is standard and honestly expected. The interest fees were not overboard, and this is a high-interest loan, so you are fully aware of the terms when you sign the contract.

What stood out to me is that they treated me with respect. They helped me through the situation and never sent threatening or aggressive messages. I don’t fully understand some of the negative reviews, because based on my experience, I have nothing bad to say about Loonie Financial. I would not hesitate to borrow from them again if needed.

Couple of issues. I tried to give Loonie Financial a second chance but this time not only could they not see the payroll deposit which is clearly linked on the statements ( the linking does NOT show only some information but everything ) but when the rep who was kinda rude and over-talking me tried calling my bank to verify wasn’t working when I had to select options on the key pad. Then the rep was asking how i was pushing the key pad etc etc. Like as if I don’t know how to push a key pad?!?!
Such a negative experience and shady not only the first time months ago but a second time. I’ll be discouraging others to steer clear of Loonie Financial in the future and leave a zero for a review.

My first loan experience with this company was great they were easy to get a hold of they were qucik and efficient and helped me with my finacial needs but my second loan every was good till my last 2 payments left then they took a double payment on Nov 14th I have been trying to get this company to try to resolve this matter my bank blocked them until they resolve this then I get charged from them Nov 28th 50 dollars NSF then 2 days later they add another 10 dollars on that asking me now for 60 NSF well the issue was.them if they wouldn't of breached our contract by taking two payments instead of one no of this would of happened I have tried for approximately 1 month calling them leaving messages emailing them leaving messages in their forum and through my emails as well I have spoken to 2 representatives who said they would look into this which in all my email messages I have sent proof of these transaction and also to the two representatives I was able to talk to I have provided proof as all of this i and proof of all my calls and messages i have copy of everything I have tried vigorously to resolve this they avoid me they avoid my emails they never call me back like promised also the phone number they provide goes to answering machine and my emails go on not replied back as well and the 2 representative I spoke to called.from a Alberta phone number and when I tried calling it back it did not have there company answering message it had unavailable I was unable to call them.back it was a private call number i have the number checked what happened to this Company is it legit
Were do you go from excellent customer service to bad service

Extremely predatory

They charged me almost 6 hundred to borrow 3 hundred.

Don't do it. They are trying to take advantage of people who really need a little bit of help.

I doubt charging double is even legal.
I have all emails to prove this