Who are we?
We are not a bank, lender, or financial institution of any kind. Therefore, we do not make decisions regarding your loan request. We operate with a network of lenders and act as an intermediary between you and the lenders.
What is a payday loan or cash advance?
A payday loan or cash advance is an unsecured, short-term cash loan designed to help you until your next payday. Customers choose payday advances to cover small, unexpected expenses while avoiding costly bounced-check fees and late payment penalties
What can a payday loan be used for?
The use of a payday loan is at your discretion. Many people use them to meet an unexpected expense, or to pay off some bills. You use the money as you see fit.
How much can I borrow?
You can apply for a loan between $100 and $1,500. The lender will decide, based on the information you provide, how much you can qualify for. After successful repayment of your loan, your loan amount may increase on any future loans.
How do I qualify for a payday loan?
While each lenderâ€™s requirements vary, typically to qualify for a payday loan, you must:
- Be a citizen or resident of Canada
- You must be at least eighteen (18) years old
- You must have an active bank account
- You must have a steady source of income
Must I be employed?
You must have a steady source of income to qualify for a payday loan. However, there are some lenders in our network who provide loans for those receiving social assistance.
What is the procedure to apply for a payday loan online?
Complete and submit the form found on our website. The form itself takes just a couple of minutes.
What information do I need to complete the application?
We need your name, address, contact details, employment information, and banking details in order to complete your payday loan request.
How and when do I get the money?
The money is deposited into your bank account by electronic transfer usually within one business day of being approved.
Is my personal and financial information secure?
We respect our customerâ€™s right to privacy in managing their personal finances. Our site uses a variety of security measures to maintain the safety of your personal information. All sensitive data transmitted between your browser and our website uses 128 bit Secure Socket Layer (SSL) encryption technology.
Is there an application fee?
We do not charge a fee to the applicant. The cost of the loan will vary by the lender, the amount of the loan and the province in which you live. Before you agree to the terms, please review them carefully.
Does submitting an application obligate me to take out a loan?
No. Submitting an application simply states that you wish for one of our lenders to approve and contact you to discuss your payday loan options. You may ask us any questions, and withdraw your request if you choose to do so.
What if I donâ€™t have good credit?
You may still qualify even with less than perfect credit. Be advised that some lenders may perform a credit check.
How is the loan repaid?
If you agree to pre-authorized debit, the loan amount and applicable fees will automatically be deducted from your bank account on the due date of the loan and sent to the lender. Please note that each specific lender may have additional loan repayment options.
Can I extend an existing loan?
No. Canadian regulations ban the practice of extending loan due dates. You must pay it back in full on the due date.