
“Anyone who’s dealt with one bank for years… they’ve established a credit rating,” Wyatt said. It makes sense to stop by the bank when you’re already in town, he said. He’d been to Swan River twice this week his wife, once. “Nearly all our business, period, is carried out in Swan River, right from barbers, to doctors, to dentists, to bankers,” he said. Even so, locals likely wouldn’t apply for loans with Canada Post, according to councillor Brad Wyatt. has a post office but no banks - the closest are roughly 40 minutes south, in Swan River.

Chartrand didn’t provide an end date for the pilot but said the goal is to “provide more options to all Canadians”. The pilot launched in Nova Scotia in September and has since expanded to Manitoba and Ontario. People can apply online or over the phone without a Canada Post employee’s help, but if approved, they must confirm their identity at a participating post office. The MyMoney Loan’s variable interest rates land between 6.33 and 13.58 per cent, while fixed rates sit at 8.83 to 16.03 per cent. Instead, people in Winnipeg can receive help while applying for an unsecured loan, starting at $1,000, at the Canada Post locations at 266 Graham Ave., 208 Provencher Blvd., 3527 Pembina Hwy., or a number of offices within retailers like Shoppers Drug Mart.

Chartrand couldn’t say whether any of the over 200 Canadian post offices involved meet that criteria. However, no such community in Manitoba is currently included in the pilot project. “We’re specifically targeting rural, remote and Indigenous communities.” “Some (Canadians) are facing limits to accessing financial services that are simple, affordable and transparent,” said Valérie Chartrand, Canada Post’s spokeswoman. Winnipeggers can now apply for loans at the post office. The project, which is in its pilot phase, sees Canada Post employees directing customers to online applications or a toll-free number. Winnipeggers can now apply for loans at the post office.Ĭanada Post and TD Bank’s joint initiative, the Canada Post MyMoney Loan, launched in over 40 Winnipeg post offices Wednesday. This article was published (685 days ago), so information in it may no longer be current.

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