Frequently asked question

Have a question or concern ? please take a look at some of the frequently questions. The answer might be there. However, please do not hesitate to contact us if you can not find the answer to your question. Your satisfaction is our priority.

Frequently asked question

Our application process is simple and stress free. After you create an account just fill out a short Apply for a loan form on our website. If approved you will get the funds within 24hrs.

The are different loan limits for personal, business and real estate loans. The loan ranges and loan level are listed below

Possible loan limits for personal loans

Loan Range Loan Level
$100 - $200 1
$100 - $300 2
$100 - $500 3
$100 - $700 4
$100 - $1,000 5
$100 - $1,500 6
$100 - $2,000 7

Possible loan limits for business loans

Loan Range Loan Level
$1,000 - $2,000 1
$1,000 - $3,000 2
$1,000 - $5,000 3
$1,000 - $7,000 4
$1,000 - $10,000 5

There is a waiting period of : 1 Week before you can apply for another loan

Dohzy uses a communal approach. In order to be considered for a loan, you have to get a referral from us or a member of community that we trust or belong to a savings group that is affiliated with us

There are two ways of repaying a loan

  1. Automatic bank withdrawal
  2. interac eTransfer

When you complete a loan request, we shall ask for your banking information. This will be used to withdraw money on the due date. However, you can repay the loan ahead of the time by interac etransfer.

How to repay a loan by interac eTransfer ?

  • Send an interac eTransfer to [email protected] (Please note the password of the interac transfer)
  • Log into to Dohzy and go to the "Repay Loan" page
  • On the Repay Loans page, go to the loan in question and click on "Send the payment information"

How to repay a loan through automatic bank withdrawal ?

  • The system will collect your banking information during the loan application process
  • the loan balance will be withdrawn from your bank account on the due date

Send an email to [email protected] and we shall get back to you promptly.

A Dohzy score is similar to a credit score. It is an indicator of you credit reliability. The score ranges from 1 - 30. When you start using the system, you will be assigned a score of 10. This number will increase or decrease based on how you use the system.

A high Dohzy Score leads to the following
  • A high loan approval rate
  • Faster processing time for request
  • Qualification for the real estate assistance loan
Behaviours that impact Dohzy score
  • Timely loan repayments
  • Payment accuracy
  • Prompt response to communication efforts

From the time of approval, it takes an average of 24hrs (weekends included) to receive money from us after you apply.

How much you get from us is dependent on how well you use our system. For now our loans range from $150 to $3,000 but how much you get depends on things like how long you have been with us, and timely payments.

Yes, we charge an interest. Our rates fluctuate between 10% to 19%. However, the interest rate charged to users is dependent on how well they use the system. The better you use the system, the lower your interest rate.

The moment you become a member at Dohzy, a base interest rate will be assigned to you.Then when you apply for a loan, a final interest rate will be calculated.The final interest rate on a loan might be higher or the same as the base interest rate. The factors that affect the final interest rate on a loan are
  • Dohzy Score
  • Amount Requested
  • Repayment installments
  • Loan time frame

Yes, but it depends on the amount burrowed and how well you use the system. Amounts above $500 might qualify for installment payment. However, the number of installments is based on your history with us.