Getting quick cash loans Canada range from $100 to $10000. The interest rates range between 3.4% and 5.6% depending on the specific circumstances.
Quick Cash Loans Canada
Many times you will need some quick cash to attend to a pressing matter. There are numerous options when it comes to quick cash loans Canada. Some of the options are accessible online and applications get reviewed in a few minutes.
The loan amounts range from $100 to $5000. These loans are of different types and the choice depends on your specific situation. There are cash advance loans and personal loans. Cash advance loans are also known as payday loans.
Payday Loans Canada
Otherwise referred to as cash advance loans and Quick Cash Loans Canada. These are loans that are given to be paid off in full upon receiving the next paycheck. These loans come with a fixed interest rate. The lending act in Canada allows these loans to be charged up to $15 per $100. One has to fit the eligibility criteria to be able to access the loans. The Eligibility criteria include;
-you have to be a Canadian citizen
-you have to be employed and be able to provide proof of employment
-you have to be over 18 years of age
-you have to be on good footing with the banks
Having filed for bankruptcy before or having a bad credit record does not necessarily disqualify you from getting these loans. If you fit the eligibility criteria, you can easily obtain one. The loan amount you are eligible for depends on your earnings per month. The higher your earnings are, the higher you expect your loan amount to be.
Personal Quick Loans Canada
These loans are more conventional. They come in different forms depending on the lender. They are short terms loans like Quick Cash Loans Canada with the usual arrangement of loans payment.Most of them have a quick online application process. The review of the application usually takes a short while and you receive your funds immediately the loan has been approved.
The loan amount varies from lender to lender but they range from $300 to $10000. The interest rates also vary. The interest rates range between 3.4% and 5.6% depending on the specific circumstances surrounding that particular loan.
The eligibility criteria is almost similar to that of the payday loans, except that in personal loans having bad credit will make it very difficult to get the loan. Having filed for bankruptcy before might also disqualify you immediately. The payment period varies. Most of the time you get to choose your preferred period so long as it is within the range allowed by the lender. These are Quick Cash Loans Canada and therefore the payment periods tend to be relatively shorter than that of other loans.
The exact specifics of Canada personal finance choices ultimately depend on your situation and preferences.