Frequently Asked Questions. To save you time, we've collected the most often asked questions and compiled their answers here.
General Questions: A: We pride ourselves on the ease of our process, which can be completed online and using your phone. There is no faxing, visiting a store, or signing paperwork required. and if you're fast, it takes less than 30 minutes. Once your loan is approved, we will pay you by Interac email transfer (for returning customers) or EFT Direct Deposit (for first time loaners or those whose bank does not support Interac Email transfer) if you are online personal loan application malaysia BC, Alberta, Saskatchewan, Manitoba or Nova Scotia.
Returning reloan customers can have their money in as little as 30 minutes, while first time customers will see the funds the next business day. In Ontario, your loans will be issued via Interac Email Money Transfer only.
Here is the complete list of steps, in order: BC, Alberta, Saskatchewan, Manitoba or Nova Scotia Customers. You fill out the application form completely on our web site, by pressing the Apply now.
In theory, the point of a payday loan is to get you through a temporary cash crunch. If you have a bunch of bills coming due on Monday, but you cant pay them until your next paycheck on Friday, a payday loan looks like a good way to bridge the gap. However, in many cases, youd be better off just waiting until Friday and paying those bills late. Youll often have to pay a fee for it, but not always. For example, utilities such as the phone company and the electric company often accept late payments.
If youre not sure whether yours does, call to ask.
When lenders originate a mortgage, they want as little risk as possible. This is why they have minimum requirements for credit scores and down payments. Its also why they limit the amount of debt you can carry for your particular income.
To further decrease their risk, lenders prefer that borrowers have some sort of fallback if things go wrong. For instance, if you lose your job, your income declines or you experience a medical emergency. The term reserves, simply means cash you can get your hands on fast if you need it.