LendingArch to waive all platform fees for consumers, giving them the ability to apply for an emergency personal loan or a variety of other loans to aid them through the Covid-19 Pandemic

CALGARY, March 31, 2020 /CNW/ - Online lending platform LendingArch today announced the waiving of any fees for use of its platform for Canadian's nationwide in response to the Global Covid-19 pandemic.

"We understand the anguish and frustration this pandemic has caused, with many Canadians struggling in these unprecedented times, and we are here to offer help and support," said Paul Hadzoglou, President of LendingArch. "The Global pandemic has gripped the nation and left many Canadians unprepared financially. Amid the current economic hardship, we are here to help bridge financial gaps for Canadians by recommending the right lenders without any of the usual fees or costs to utilize our platform."

With a weakening economy and unemployment on the rise, Canadians may need financial assistance in order to restructure their financial lives in the short, mid and long term.

As one of Canada's most innovative online loan platforms, LendingArch understands well the many financial products that Canadians will be needing to get through the pandemic and its aftermath. Tools like loans, low interest credit cards, help with debt relief, auto-loan refinancing or even credit management advice will all be in high demand through the remainder of 2020 and onwards. 

LendingArch will be focused on educating Canadians and helping them obtain the loan or credit product they need during this period of uncertainty. "We will be waiving any fees that LendingArch previously would have charged for Canadian customers to utilize our platform, indefinitely, so Canadians can browse and shop for the right loan for them. This allows for LendingArch to play its part in aiding our fellow Canadians to power through this difficult period, retaining our family culture and obligation to aid society," said Hadzoglou.

As a digital provider, the platform is also helping Canadians maintain social distancing. Canadians can use LendingArch's contact-free service to apply for loans without leaving the comfort and safety of their homes. LendingArch's platform allows consumers to obtain a loan, without having to step foot in a bank, office building, storefront, loan shop or similar, and loans that you apply for through LendingArch will be processed digitally. Those applying for auto loans can even have the vehicle delivered directly to their homes in certain provinces.

About LendingArch

Established in 2015, LendingArch is one of Canada's largest loan comparison platforms, that allows borrowers to compare rates from multiple lenders, comparing credit card rates, car loans, personal loans, small business loans and even credit rebuilding services. LendingArch combines expert advice and the best financial tools, empowering its customers to make the smartest financial decisions; LendingArch is dedicated to bringing financial advancement to consumers and businesses who deserve to grow and flourish, at their rate on their terms. LendingArch has over 250,000 customers and over 10,000 customers sign up for LendingArch's services on a monthly basis.

SOURCE LendingArch

To find out more about the range of lending solutions, or for more information, please visit https://lendingarch.com or contact [email protected]