Same Day Loans in Canada | Application Process

Same Day Loans in Canada – It means applying for a loan online. Learning if you qualify for that loan within a few minutes and if you found eligible.

Receiving the amount you need within the same day.

You can apply for a same day loans in Canada without leaving your house or going through a complex procedure. Borrowing up to $1,500. Also, some lenders allow you to qualify for a same day loans even if you have a bad credit history.

You need to be a Canadian citizen aged 19 or older with a sufficient and stable income. Also must be employed for at least 3 months and meet minimum income criteria. Should provide the last 2 months of your bank statement to the lender.

How To Apply For a Same Day Loan In Canada?

There are a few steps you need to take while applying for a same day loan:

  • Fill out an easy and secure application form.
  • Choose the amount you need.
  • Choose how you like to make your repayments.
  • After reviewing and perfoming a credit check, the lenders allows you to learn if you qualify.
  • Sign the loan agreement online and send it back to the lender.
  • You will receive the amount you need within the same day.

Also, after paying off the preivous one, you have a chance to apply for a new loan without filling a questionnaire since your data will be saved on the system.

Top 5 Lenders in Canada

  1. Ferratum: After providing your phone number, e-mail address and banking details you can borrow from $2,000 up to $10,000 to repay within 18 to 30 months. Ferratum has interest rates starting from 18.90% and if you want to repay your debt earlier you will not be charged a prepayment fee.
  2. Loan Connect: It is a loan search platform which contains lenders whose interest rates range between 4.60% and 56.96%. Without providing proof of employment and income, you can borrow up to $50,000 to repay within 12 to 60 months.
  3. Borrowell: You can borrow up to $35,000 to repay within 3 or 5 years.Interest rates of personal loans from Borrowell ranges between 5.99% APR and 29.19% APR.
  4. LendDirect: After providing proof of income, verification documents of your bank and identity, you can borrow up to $15,000.
  5. AfterLoans: After providing your ID and proof of income, you can borrow from $500 up to $5000 to repay between 6 and 36 months. Interest rates of partner lenders of AfterLoans range between 19.99% and 55.00%.