Fin-Boost

Fin-Boost: licensed payday loans in Alberta

Fin-Boost is the trading name of Loan Bridge Ltd., an entity authorised to operate as a payday lender in the Canadian province of Alberta under licence no. 357989, valid until 31 January 2027. The company serves Alberta residents aged 18 and over who need to cover unexpected expenses and cannot wait until their next payday.

Its business model is built around a fully online application, with no branch visits or queues, fast approval decisions and disbursement of funds via Interac e-Transfer. The company states that it assesses the applicant's overall situation and not only their credit history, so it accepts applications from people with an imperfect credit history.

Loan purposes

The site lists a series of typical situations for which customers apply for financing. These include car repairs, urgent purchases such as replacing a broken appliance or a broken phone, unexpected medical or dental bills, veterinary care, emergency travel to attend to family members, replacement of essential work equipment and moving expenses. The company presents these examples as common reasons for applying, not as closed categories.

Three-step application process

The procedure described by Fin-Boost consists of three stages. First, the applicant completes a quick online registration, verifies their email with a code — no password needed — and fills in a short form. Second, they connect their bank account securely to confirm account ownership and paydays, which allows the company to make a decision quickly; bank statements can help demonstrate income. Finally, the customer reviews the required information, signs electronically and receives the money by Interac e-Transfer.

Loan costs and conditions

Fin-Boost markets payday loans, a form of high-cost credit. Loans are repaid in instalments over a term of between 42 and 62 days, with a minimum of three instalments, or two if the borrower is paid monthly. The maximum total cost of borrowing permitted in Alberta for this type of loan is $14 per $100 lent, and the company charges exactly that rate.

The site provides a representative example: a $300 loan over 42 days, repaid in three instalments of $114, has a total cost of borrowing of $42 and a total amount owing of $342, equivalent to an annual percentage rate of 170.56%. The company stresses that it does not charge hidden fees and that the total cost is shown before accepting the loan.

Requirements and responsible lending philosophy

To apply for a loan, you must be a resident of Alberta and aged 18 or over. Applying is free. Fin-Boost recommends borrowing only what the applicant can comfortably repay on their next paydays. As external sources of free and impartial money help, the company mentions Money Mentors (Alberta) and the Financial Consumer Agency of Canada.

Customer service and complaints

The company has a contact centre open Monday to Sunday, from 8:00 to 20:00, and a toll-free phone number across Canada. Applications can be submitted at any time, as they are accepted 24 hours a day, seven days a week. For queries or complaints, Fin-Boost asks customers to contact the company first, and notes that it is also possible to file a complaint with the Consumer Investigations Unit of Service Alberta. The privacy officer is Roman Bobrov, director and president of Loan Bridge Ltd.

Location and contact

222 3 Ave SW, Unit 2100, Calgary, AB T2P 0B4 · Phone: 1-888-595-2419 · Email: info@fin-boost.ca · Hours: Contact centre: Monday to Sunday, 8:00 to 20:00