Mogo Review 2026Apply Now Check if I Qualify ↓
Mogo is a brand of Orion Digital Corp (TSX: ORIO), the company formerly named Mogo Inc.
Written and analysed by Smarter Loans Editorial Team · Reviewed by Vlad Sherbatov
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Four questions checked against Mogo's published criteria, per product. No application started.
Mogo runs two products off one application, and verification can finish online with no documents at all.
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28 reviews from borrowers who used Mogo. Each is submitted by a verified borrower and moderated for authenticity; it renders as written, positive or not, and lenders cannot remove it.
I was skeptical at first, but the process was fairly simple actually. I was approved for $5,000, which is what I had asked for. They do call you right away after you finish your application just to verify a few things. I had a pretty good experience with Mogo.
I was amazingly surprise on how fast they called me. And I was approved. Ther personnel is professional and friendly. I recommended Mogo to all my friends.
There are negative comments about this lender saying how they gouge venerable customers. They provide a service to people who normally would not received a loan because they haven't managed their credit properly, and give them the opportunity to improve their circumstances. I received my loan funds on the same day I applied with very little stress and time while also being on a weekend. I may be paying a high interest rate but that is motivation to pay it off as soon as possible. I needed emergency funds to get me through a week until my LIRA comes in and after being refused by many others Mogo came through for me in an efficiant and professional way. Thanks!
Everything is clear, you guys tell me exactly when I start my payments and when I stop, and exactly how much they’re going to be.
When I heard about Mogo Liquid, I saw it as a great opportunity to consolidate all of my debt into one easy, bi-weekly payment.
Love your card, thanks for helping me stay out of debt. I've told others about your card as well. I'm a big advocate for Mogo now!
I loved being able to see my current credit score for free... Thanks Mogo!
Thank you for incorporating the technology in your product to offer an exceptional mobile experience!
The whole process made me feel like a valued customer and not just some account number on the screen. Thank you.
Great people providing timely solutions. Your team members are second-to-none.
Showing 10 of 28 reviews.
Mogo is a Vancouver based fintech, founded in 2003 that offers a range of easy-to-use products to help you rule your finances: personal loans of up to $35,000, free credit score monitoring, mortgages, identity fraud protection, and more. Their loan experience is designed to help you get out of debt faster, whether you have good or not-so-great credit.
Mogo helps you take control of your financial health with solutions that are easy to use, transparent, and unconventionally fun. They are a member of the Canadian Lenders Association and were a 2016 Fintech Innovation Awards finalist in the marketing category. Not only have they been featured in The Globe and Mail, but have over 250 team members and three locations.
Mogo offers instalment and high-ratio mortgage loans, and a line of credit. They also offer identity fraud protection, a Visa Prepaid Card and credit score viewing through Equifax.
Mogo loans are between $500 and $35,000 depending on the type of loan you apply for. Instalment loans are from $500 to $35, 000. Their line of credit ranges from $500 to $3,500.
Interest rate on Mogo loans is 34.37%. You can get a Mogo instalment loan for an interest rate of 34.37%.
Terms on Mogo loans are between 12 to 60 months.
In order to qualify for a Mogo loan, you must be of age in your province, a Canadian resident, and need to provide a bank statement, proof of income and your identity.
Yes, you can apply anytime using their online platform form.
Mogo provides approved customers same day funding. This means you can apply in the morning and receive proceeds directly into your bank account the same day.
Mogo will send approved customers their loan funds through interac e-transfer and direct deposit.
You can pay back your loan from Mogo directly from your bank account. Set up your choice of frequency and pre-authorize payments to deduct.
Mogo is available in Ontario, British Columbia, Alberta, New Brunswick, Newfoundland, Nova Scotia, and Prince Edward Island.
Mogo offers multiple ways to communicate with them, including their online live web chat and also have a help centre/blog where you can find commonly asked questions and answers.
You can apply for a Mogo loan at any time online, or you can chat online with a representative during business hours. They also offer customers an opportunity to leave a message on their help centre, saying they will get back to all inquiries as soon as possible.
