How RALP works
Credit card referrals today, and a lending engine where lenders compete for you, piloting in early 2027.
Finding a card that fits
Today RALP helps students, newcomers, and credit builders find a credit card through our affiliate partner, Neo Financial.
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STEP 01
Tell us your goal
Building credit, earning cashback, or getting your first Canadian card. Browsing RALP never involves a credit check.
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STEP 02
Read it in plain English
We explain the fees, deposits, and conditions that matter at your stage, so you know what you're signing up for.
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STEP 03
Apply with the issuer
You continue on Neo's own website. Neo makes the approval decision and sets your terms. RALP never sees your application.
The lending engine: lenders compete for you
Usually you apply to one lender at a time and take the rate you're given. RALP turns that around with a reverse auction: you describe the loan you need once, and participating lenders bid to offer it. The engine is being built now and the first pilot is planned for early 2027.
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STEP 01
Describe the loan once
Loan type, amount, timeframe, and a few details about your situation. For a mortgage, that includes the property and your renewal date if you have one.
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STEP 02
You approve who sees it
Before anything goes to a lender, we show you which lenders would receive your request and ask for your permission.
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STEP 03
Lenders bid
Participating lenders make offers on rate, fees, and terms within a set window. You can watch offers improve.
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STEP 04
You choose, or walk away
Pick the offer you want and finish with that lender, or decline them all. You're never obligated to accept.
Credit checks
We're designing the pilot to use soft credit checks, which don't affect your score, wherever lenders support them. A full credit check happens only with the lender you choose, and only with your permission.
Licensing
Mortgage and loan matching is regulated differently in each province. During the pilot we'll offer each loan type only in provinces where RALP or its partners hold the licences required.
Institutions pay us. You don't.
| Product | Who pays RALP | What you pay RALP |
|---|---|---|
| Credit cards (today) | Neo Financial, a referral fee | $0 |
| Loans and mortgages (pilot) | The lender whose offer you accept | $0 |
Full details are in our Affiliate Disclosure.
Clear lines
- Not a lender. We don't lend money or set rates.
- Not a bank or card issuer. We don't hold your money.
- Not a lead broker. We never sell your details.
- Not a financial advisor. Our content is general information.
Where things stand
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NOW
Cards live, pilot registration open
Neo credit card referrals, plus registration for mortgages and loans.
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EARLY 2027
Lending pilot
First reverse auctions with participating lenders, starting with registered users in eligible provinces.
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AFTER THE PILOT
Wider launch
More lenders, loan types, and provinces, plus everyday banking discovery.