(Toronto) In addition to offering stamps, packaging and delivery services, Canada Post is now offering loans to Canadians as it officially launches a partnership with TD Bank Group.
Posted at 7:03 am
The Crown corporation says the loan program is designed to provide more financial opportunities to Canadians across the country, including in rural, remote and indigenous communities.
The program will allow Canada Post employees to help customers apply for loans online or over the phone, while TD Bank Group will support customers through the application, decision and financing process.
Canada Post says it launched pilot programs last fall before expanding them nationwide in recent weeks.
Canada Post says personal loans start at $1,000 and have flexible repayment terms based on TD Bank Group interest rates.
Company quoted in this broadcast: TD Bank Group (TSX: TD)