First Inheritance is part of Peoples Group. Our professional and understanding team offer a simple application for loans to cover inheritance advances, probate fees or funeral expenses. The process is quick and we assist clients every step of the way.


Peoples Group has been providing tailored financial services to the Canadian marketplace for over 35 years.

We began with Peoples Trust Company, offering GICs and commercial mortgages. Since then, we’ve worked on perfecting our service and expanding our reach with exceptional customer service, backed by extensive product knowledge and experience. We now include personal loans, residential mortgages, and Payment and Card solutions.


To exceed our customers’ expectations by providing access to financial products within select markets.


Q: Are there fees involved?

A: Due to the nature of these loans, there is a significant amount of documentation required. Reviewing this documentation takes time and expertise, as such there is an administration fee for approved loans. It does not cost anything to apply for an inheritance loan.

Q: How long does it take to get a loan? 

A: Conditional approval can be issued within 1 business day following the completion of the Loan Application.  Given the unique nature of each estate, it is difficult to estimate how long it will take you to gather the required documentation to satisfy the conditions. Once the required documentation is accepted, you will receive the funds within 2 business days.

Q: Does the Estate need to be in Canada?

A: Yes, the Estate needs to be in Canada. The borrower must be a Canadian Resident.

Q: Are there loan payments?

A: The borrower is not required to make monthly payments of any kind.  The loan is paid back when the estate settles in one lump sum or after 12 months whichever is sooner.

Q: Can more than one beneficiary (heir) to the estate apply for a loan?

A: Yes, each beneficiary can apply for an inheritance loan.

Q: Does the Will need to be probated?

A: An inheritance loan requires the will to be probated. We require a copy of the certificate of assessment to confirm probate.  Probate loans are available to assist with the cost of filing for probate. 

Q: I am an Executor; can I apply for the costs to probate the Will?

A: Executors are able to apply if they are also named as a beneficiary.

Q: Am I responsible to make payments?  

A: There are no monthly payment requirements, the loan will be paid when the estate settles in one lump sum or after 12 months whichever is sooner.

Q: What kind of documentation do I need?

A: Each estate is unique, following the completion of the loan application we will provide you with a detailed list of documentation required. The minimum documentation for any inheritance loans is, Death Certificate, Will, listing of estate assets, and your personal information confirming you are the beneficiary.

Q: Is my information secure?

A: Yes, we will send the application form and all information requests through a secured method called DocuSign. You will never be required to send documentation to us by regular email. 

Q: What is the loan APR?

Term LengthRateAPR*
12 months19.5%29.5%
*APR (Annual Percentage Rate) means the cost of borrowing expressed as an annualized interest rate including any applicable fees such as service charges and administration fees. The APR figure above is based on a $65,000 Inheritance loan, no scheduled payments, including a $5,000 placement fee.  Interest is compound and capitalized annually.  


Our professional team can help guide you through our comprehensive process.