There are times when your next payday is still far away and you need to pay
your phone or electricity bill urgently for fear of disconnection. Possibly it
could be any medical urgency or a vehicle break down. You will need cash to
meet all these emergencies. Asking friends or relatives may not be a good
option as they may not be able to give .
Online lenders in financial market cater to the need of just these kinds of
people. They lend cash advances to a loan seeker. An applicant can claim $100
to $1500 as loan amount which he can repay within 1 to 30 days period. Borrower
can use this money to pay for vehicle repairs, clearing all his dues or for
Following are some of the advantages of this scheme:
High approval rates,
Sanction comes in seconds,
No faxing required,
No credit check,
Cash gets transferred in borrower’s account within 24 hrs,
And much more. The complete loan application is very simple and you get cash in
your account in 3 easy steps. First step involves applying for the loan. This
can be done online by filling up the application form offered on the lending
company’s web site. There is absolutely no need to fax any papers to to lender
or financial institution. This saves a lot of time and energy for the borrower
and enables the lender to process the application faster. Application form asks
for details so as to substantiate borrower’s identity and also check the
financial health. Application form will have some basic questions such as name,
address, age, bank account details just to name a few.
In the second step lender verifies the details provided and quickly approves
the application. Loan seeker gets confirmation within 20 minutes.
The third or the final step is transfer of money into bank. This will be done
within 24 hours of submitting the form.
These credit plans are offered in a range of $100 to $1500 with repayment time
tenure of up to 30 days.
To qualify for the loan a person should be a permanent citizen of the Canada
and either 18 or above the age of 18 years. He must have an operational bank
account. Further, he must have a job with salary not less than $1000. He may
have to give a proof of this.
Simon Ray is financial advisor of Cash Advance Loans Canada.For any query
regarding , visit