What is Loan Away?
Loan Away is a Canadian owned and operated lender that uses unique proprietary technology to approve loan applications.
What kind of loans does Loan Away offer?
Loan away offers various loans including instalment loans, debt consolidation loans, home equity loans and secured loans (asset-based).
How much can I borrow from Loan Away?
You can borrow a minimum of $1,000, to a maximum of $5,000 from Loan Away.
What is the interest rate on a Loan Away loan?
You can get a loan from Loan Away with an interest rate between 19.9% and 45.9%.
What is the term length of a Loan Away loan?
You have between 12 and 36 months to repay your loan from Loan Away.
What are Loan Away's eligibility requirements?
In order to get a loan from Loan Away, you must be a Canadian resident over 18, make a minimum income of $1,000 per month, provide government identification, proof of Income, a void cheque, and a bank statement.
How many people does Loan Away approve for a loan?
According to Loan Away's website, they approve 80% of their applications.
Why should I chose Loan Away?
One reason why people chose Loan Away is because of their low, affordable payments. Unlike short term payday loans, they can amortize your loan for up to 36 months, lowering your monthly interest expense and allowing you to budget.
How quickly can I get my loan funds?
If approved, Loan Away will deposit the money directly into your bank account, usually within 1 hour or less.