BDC offers online loans ranging from $10,000 to $100,000 with terms between 12 to 60 months. The borrowing process is simple: select your desired amount and term, apply for the loan, and receive your funds. To be eligible, you must be an Ontario resident aged 18 or older with a steady income and an active bank account. As an example, if you borrow $100,000 for a term of 12 months, you will pay a fee of $5,501.08, making your total repayment $105,501.08.
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BDC offers a flexible online loan service where you can borrow any amount ranging from $10,000 to $100,500. The repayment term varies from 12 to 60 months, making it a versatile option for different financial needs.
The borrowing process is straightforward. Firstly, you decide on the loan amount and term that suits your situation. After that, you apply for the loan, and once approved, the money is transferred to your account.
The terms of the loan are quite clear. You must be a resident of Ontario and at least 18 years of age. Additionally, you should have a steady income and an active banking account. These conditions are designed to ensure that the borrower can repay the loan without undue financial stress.
To give you an idea of the repayment structure, consider this example: If you borrow $100,000 with a term of 12 months, the total repayment amount would be $105,501.08. This includes a fee of $5,501.08.
In conclusion, BDC’s loan service is a convenient and flexible solution for those in need of financial assistance. With its online application and clear terms, it’s an excellent option for Ontario residents looking for loans up to $100,000.
Table of repayments
| Amount | Fee | Total payment | Term |
| $100.000 | $5 501.08 | $105 501.08 | 12 months |
If you will get the loan of $100.000 with the term of 12 months, your totally payment would be $105 501.08. The fee is $5 501.08.