As Montreal is a city with people of all walks of life, it’s not surprising that payday loans are one of the most commonly used in the city. A payday loan in Montreal is just what it sounds like, a financial boost to see you through to the next payday. Your washing machine is on the fritz; your car broke down? A payday loan is a common solution. These loans are meant for short term use and tend to have a pay-by date of your next paycheque. Payday loans in Montreal come with high interest rates and a system of ‘renewals.’
If they aren’t paid off quickly, a payday loan can quickly put you into a vicious financial cycle. However, the growing online financial market means that there are other options available to you. If you’re looking to get approved for an online loan, there are great options to look into in Montreal. At Smarter Loans we have a comprehensive list of pre-vetted lenders. Take a look at the table of lenders below, and see what’s on offer. You can apply to these lenders from their profile pages, or apply directly from Smarter Loans, and we’ll help connect you with the best provider.