Accessing Real Wallet Capital
To borrow funds via Real Wallet Capital, log in to reZEN and navigate to your Wallet tab. If eligible, you will see your pre-approved borrowing amount in CAD.
How to Borrow
- Start your application by clicking Apply to Borrow.
- Select Loan Amount: Choose the amount you would like to borrow. The nationwide minimum loan amount in Canada is $1,000 CAD. Maximum borrowing limits are determined by your eligibility.
- Select Disbursement Account: Choose which of your bank accounts on file in reZEN will receive the funds.
- Click Next Steps to proceed.
- Review and sign your Loan Agreement.
- Confirm the final amount disbursed and review loan details. An origination fee applies to approved loans, as applicable.
Note: Applications are reviewed within 1–2 business days. Upon approval, you will receive an email confirmation, and funds typically arrive in your selected bank account within 1–3 business days.
Loan Terms at a Glance
- Loan Duration: 12 Months
- Interest Rate: 12% standard (10% rate applies if this loan pays off an existing Canada Line of Credit balance)
- Origination Fee: 1.5% standard (0% origination fee applies if this loan pays off an existing Canada Line of Credit balance)
- Minimum Loan Amount: $1,000 CAD nationwide
Minimum Monthly Payments
- Calculation: Calculated as 2% of the outstanding balance at the end of the previous month, or $50 CAD (whichever is greater).
- Due Date: Due on the 10th of each month.
- Grace Period: A 15-day grace period from the Due Date is provided before a late fee applies.
How to Make Manual Payments (Interac e-Transfer)
Pay your loans with Interac e-Transfer straight from your preferred Canadian bank account. Manual payments can be used for your required Minimum Monthly Payment (MMP), late fee settlements, or voluntary loan paydowns:
-
Recipient Email:
canadacapital@therealbrokerage.com -
Required Message Format:
[Your Full Name] [PROVINCE ABBREVIATION] Cap
Example:Jane Smith ON Cap
Note: Transaction limits may apply depending on your financial institution. If you have questions regarding e-transfers, please reach out to wallet@therealbrokerage.com.
Automatic Repayments from Payouts
- Commission Deductions: 25% is automatically deducted from your net commission.
- Revenue Share Deductions: 15% is automatically deducted from your Revenue Share earnings.
- Deduction Period: Deductions continue until the loan is fully repaid.
- Minimum Payment Policy: Automatic repayments work to your benefit to help pay off your loan balance faster. Automatic repayments are in addition to your required monthly minimum payments, not in place of them.
- Automatic Repayments Cap: If your remaining loan balance is less than 25% of your next commission payout, only the remaining balance owed will be deducted.
Refinancing & Taking Out Additional Funds
If additional borrowing power becomes available or you would like to draw more funds, check your Wallet page in reZEN and click Apply to Borrow More to refinance your loan.
When refinancing a standard loan, you will receive a partial credit on your original origination fee (1/12 of the fee credited back for each remaining month on the existing loan term).
Note: If your initial loan was a 0% origination fee Line of Credit payoff loan, no fee credit is returned upon refinancing since no fee was originally assessed. Future refinances will return to standard rate and fee structures (12% Annual Interest Rate / 1.5% Origination Fee).
Legal Disclosures
Terms and conditions apply. Real Wallet Capital is a business loan product offered by Real Broker Lending Canada LTD. Loans are for business purposes only and may not be used for consumer or household purposes. Pre-approval is not a guaranteed offer of credit and is reassessed periodically and in real-time based on your business history and account status with The Real Brokerage. Eligibility is subject to the absence of outstanding commission advances or brokerage debts at the time of your request. Final approval is subject to eligibility verification, including review of outstanding advances, brokerage status and debts, account status, and ability to repay. Funds typically arrive within 1 to 3 business days following final approval; transit times are dependent on external financial institutions and are not guaranteed. See important information here: onereal.link/wallet-terms.