Get approved for your dream home
Get approved for your dream home
Padder is the easiest and most affordable way to get into your next rental.
Working for renters
It’s simple to get started
1
Fill out our questionnaire and upload a few documents.
2
Qualify to move into your new rental in as little as 30 minutes.
3
Get approved for the home you want without breaking the bank.
Secure the keys to your new home
Our products unlock financial freedom and flexibility for all types
of renters.
Our products unlock financial freedom and flexibility for all types of renters.
Realize your rent potential
The key to your new home
Padder makes it easy to secure the place you actually want.
Your Annual Income
Without Padder
With Padder
Getting you approved
is our priority
is our priority
We work hard to process your application fast and secure you the best coverage rates. You can reach us between Monday and Saturday from 9 a.m. to 6 p.m. EST.
Contact us directly
Without Padder, I wouldn’t have been able to afford my current home. Despite having a steady income, the initial rental deposit was more than I had saved up, and there was no one I could ask to be my guarantor.
Shota Fujimoto
Freelancer
“I couldn’t find anyone to co-sign my lease, so I was excited to find out Padder could back me instead. Once I signed up, it was so easy to get approved.”
“I have a steady income, but I kept losing out on apartments because other people made more than me. Padder helped level the playing field.”
“Applying for places became so much easier as a Padder-approved tenant. I would seriously never let my friends rent without using Padder.”
Your information is secure
Our established insurance providers have been protecting Canadians for nearly 20 years. Coverage is provided by an insurance company currently rated A- (excellent) by A.M. Best.
We’re here to answer your questions
What is Padder Guarantor?
Padder Guarantor is our innovative Guarantor-as-a-Service product designed to help renters who may not meet a landlord’s income or credit requirements. This includes self-employed individuals, recent graduates, students, job seekers, individuals with lower credit scores, international residents, and those with atypical credit profiles. Acting as a guarantor for the lease, Padder helps renters qualify for apartments they might not otherwise qualify to lease.
How Much Does Padder Guarantor Cost?
Padder Guarantor is paid for by the tenant and costs between 25% and 130% of one month’s rent. The total cost depends on the coverage selected by the property, the province of residence, and the tenant’s credit history.
What Are the Benefits of Padder Guarantor for Tenants?
- Accessibility: Renters who may not meet traditional income or credit requirements can still qualify for leases.
- Flexibility: Rent coverage can be used alongside a cash Last Month’s Rent deposit. Overall, Padder Guarantor offers a win-win solution for both renters and landlords, making the rental process smoother and more secure.
What are the steps and timeline for the Padder Guarantor application process?
- You (and your roommates) visit our website, submit your application and upload the required documentation, such as government-issued ID(s) and financial statements.
- If certain criteria are met, you will receive an immediate pre-approval decision.
- You continue your home search and showcase your pre-approval to prospective landlords to strengthen your application.
- Once you find your dream home and are ready to sign your lease, sign and pay for your Padder Guarantor protection, and we will send your Padder Guarantor details to your landlord.
- You are ready to move into your new home.
