Add a loan

Select the borrower and the lender. For either, "Other" can be a financial institution, or individual, or company, that is not you, your spouse, or your CCPC.

The MoneyReady App considers term loans (fixed or variable-rate, open or closed - these can include mortgages, car loans, investment loans, and re-advanceable loans), interest-only lines of credit (LOCs, and Home Equity Lines of Credit HELOCs, prescribed interest-only investment loans between spouses), Life Insurance Collateral loans, credit cards, and some (BC and AB) property tax deferral loans. Most can be in any currency.

To set up a readvanceable loan, first add the appropriate term loan, then a separate line of credit loan (you will be able to link it to the original loan).

Depending on the type of loan chosen, more information will be required once you click Submit.