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Old 11-26-2008, 04:55 PM
canfra canfra is offline
Junior Member
Join Date: Nov 2008
Posts: 8

Originally Posted by Canadian View Post
I spoke to a friend of mine last night, and he told me that it's close to impossible to get an unsecured loan at the moment. He is doing an extension on a house he recently bought in Toronto, and he needs a temporary unsecured loan (almost like a bridge loan) to cover his expenses until he obtains the permanent financing. The problem is that none of the big 5 Canadian banks won't give him such loan. I guess he can try credit unions next, but I doubt that he'll get a different answer there.
That's too bad. So I guess the answer in NO. They don't loan money at the moment...
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