To determine when you can reapply for a loan please sign into your Loan Express account. Once logged in Your dashboard will display the date on which you are eligible to reloan. This Date cannot be changed.
Can I change my Reloan Date?
For operational and regulatory reasons, Loan Express is unable to change your reloan date.
Why do I have to wait to get a loan?
To ensure responsible lending, Loan Express has a mandatory waiting period after your previous loan is fully paid before you can apply for a new one. This waiting period is typically 3 to 4 business days from the time your payment is processed. This allows sufficient time to confirm your previous loan has been paid in full.
Important Note for Manitoba Residents: Due to specific provincial regulations in Manitoba, the waiting period is 7 days. Furthermore, the Manitoba regulations specify that the day your loan was paid off and the 7th day are not counted. This means that in Manitoba, you will need to wait until the 8th day starting from the day after your loan was fully repaid to apply for a new loan.
These waiting periods are in place to support responsible borrowing practices and comply with provincial guidelines across Canada.