Question 1

Can I apply for a payday loan online?

Accepted Answer

Yes, applying for a payday loan in Canada is simple, because it can be all done online. Online payday loans are convenient, and you never have to leave the comfort of your home to apply, however you can also get them in a store. There are lots of payday lenders that have stores all over Canada. Payday loans are very expensive and it's best to look for an alternative.

Question 2

What do I need to be eligible for a payday loan?

Accepted Answer

Borrowers of online payday loans must be at least 18 years old, have a steady verifiable source of income, access to a bank account, and a permanent address. Once all of these requirements are met, the payday loan is approved, and cash is transferred into your account within a few hours. Online payday loans are fast, accessible, but the most expensive and have very high interest rates.

Question 3

Can I get a payday loan with bad credit?

Accepted Answer

Yes you can. Payday loans are meant for people that have bad credit and can't get approved anywhere else. Payday loans should be your last option because they are expensive.

Question 4

How quickly can I receive my payday loan?

Accepted Answer

Lenders typically approve you for a loan within a day, and sometimes even within a few hours of submitting your application form.

Question 5

How fast can I get my payday loan delivered to my account?

Accepted Answer

Your funds typically deliver to your checking account within a day, but you could receive a deposit just within a few hours of being approved.