Yes. Mogo is a publicly traded company on the TSX (MOGO) and NASDAQ. They use bank-level encryption and are regulated under Canadian federal and provincial consumer protection laws.

Does Mogo do a credit check?

Mogo performs a soft credit check during the pre-approval process. A hard credit check is only conducted when you accept a loan offer.

Mogo Review 2026

Tech-savvy borrowers who want a flexible line of credit with free credit monitoring

3.7

Last updated: April 7, 2026

Loan Amounts

Up to $5,000 (MogoMini line of credit)

Interest Rates

Up to 34.37% APR

Loan Terms

Revolving (line of credit)

Credit Required

Fair credit and above

Funding Speed

Pre-approval in 3 minutes

Headquarters

Vancouver, British Columbia

What is Mogo?

Mogo is a Canadian fintech company offering a suite of digital financial products including personal loans, free credit score monitoring, identity fraud protection, and a Visa card.

Their MogoMini line of credit provides up to $5,000 in revolving credit — borrowers only pay interest on what they use and can draw funds as needed.

Mogo is publicly traded on both the TSX (MOGO) and NASDAQ, adding transparency and regulatory accountability.

Pros & Cons

Pros

Free credit score monitoring for all users
Line of credit flexibility — borrow only what you need
100-day trial period to test the product
Fully digital experience with no branch visits needed
Publicly traded on TSX and NASDAQ

Cons

Maximum borrowing limit of $5,000
Interest rate up to 34.37% APR
Line of credit format may encourage ongoing borrowing
Not ideal for large one-time expenses

Estimate Your Mogo Payments

See what your monthly payments could look like with Mogo's rate range of Up to 34.37% APR.

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Who Can Apply for Mogo?

Must be a Canadian resident aged 18+
Must have an active Canadian bank account
Must have verifiable income
Generally requires fair credit (600+ score)

How to Apply for a Mogo Loan

Create a free Mogo account at mogo.ca

Complete the MogoMini line of credit application

Get pre-approved in approximately 3 minutes

Accept your credit limit and terms

Access funds through your Mogo dashboard

Mogo FAQs

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Editorial Note: Our content is reviewed by financial experts for accuracy. We may receive compensation from partner lenders, which does not influence our rankings or recommendations. Read our full disclosures