Payday Loans Homes

FAQ

What if I have bad credit, or no credit at all?
Because loans from our lending partners are based on your current income, credit history doesn’t play a role in the approval process. Even if you have no credit, as long as you meet the eligibility requirements you could be approved for a loan.

How much money can I be approved for?
Loan amounts vary depending on the lender. Loans range from $100 to $1,500. After you have developed a trusting relationship with our lending partner it could at its discretion increase your loan limit. It is important to note PaydayLoansHome.ca is not a lender or financial institution.

Will you run a credit check?
PaydayLoansHome.ca’s lending partners might need to verify some information with several national data bases including TransUnion. It is still possible to be approved with a bad credit score, or no credit score at all.

How long do I have before I have to repay the loan?
Payday loans can be out for a maximum of 15 days, and the repayment date is always set on your pay date.

What types of fees are involved?
Fees vary per lender. Depending on which province you live in, the fees will differ. PaydayLoansHome.ca is a free matching service. Our responsible lending partners charge fees for loans. The fees are a flat-rate and there are no hidden costs with their payday loans.

How long will before I get the loan?
After filling out the online application and receiving approval, you could get the money within 24 hours. Since it is deposited directly into your chequing account, the process is fast and simple.

I don’t live in Canada, can I still apply?
Our lending partners only offer loans to Canadians who meet eligibility requirements.

What can I use my payday loan for?
PaydayLoansHome.ca advocates responsible lending. It is recommended you use a payday loan during a short-term cash crunch. A payday loan is not meant to be used for luxury purchases but simply to make ends meet until your next payday. If you find yourself in long-term debt, we highly recommend you seek advice from a credit counsellor.

Can I get an extension or rollover my loan?
Our lending partners do not rollover loans. This is for your benefit as that type of loan typically causes more of a debt problem for users as outrageous interest charges accrue leading to credit troubles.

PaydayLoansHome.ca is not a lending or banking institution. It does not broker loans to lending institutions. The personal information you provide will be provided to a third-party lender to provide you with a loan application and the potential to receive a loan. PaydayLoansHome.ca makes no guarantees or warranties with regards to the availability of a loan or any other aspect of the terms and conditions of the lending institution. PaydayLoansHome.ca is a free service. PaydayLoansHome.ca may receive a commission from any lenders we introduce you to. For details, questions, or concerns regarding your loan, please contact the lending institution directly. Not all lenders can provide up to $1500. Cash transfer time may vary between lenders. We assume no responsibility for the services or information you may receive from the lender. All loans are subject to credit approval. Certain limitations apply. Payday loans should be used for short-term financial needs only, not as a long-term financial solution. Customers with credit difficulties should seek credit counselling or debt advice. Disclaimer: As a condition of extending credit, some lenders you may be matched with may run a credit check from a major credit reporting bureau.

Terms and Conditions apply. Fees displayed are typical but cannot be guaranteed. Your actual rates may vary based on your circumstances and the lender we select.

Alberta: Representative APR (Annual Percentage Rate of charge): Representative example: Borrow $300 for 14 days. The total charge for credit is $68.94. Interest is fixed at a rate of $22.98 per $100 loan equivalent to an annual rate of 599.12% fixed. The total repayable is $368.94. Representative APR 599.12%. The APR includes important factors such as the interest rate you must pay; how you repay the loan; the length of the loan agreement (or term); frequency and timing of installment payments; and amount of each payment.

Ontario: Representative APR (Annual Percentage Rate of charge): Representative example: Borrow $300 for 14 days. The total charge for credit is $62.94. Interest is fixed at a rate of $20.98 per $100 loan equivalent to an annual rate of 546.98% fixed. The total repayable is $362.94. Representative APR 546.98%. The APR includes important factors such as the interest rate you must pay; how you repay the loan; the length of the loan agreement (or term); frequency and timing of installment payments; and amount of each payment.

* Subject to approval times and lender's own policies. In most cases, funds will be deposited the same working day, if approved by 14:30. Approval may take up to 30 minutes in most cases. Loan amounts are based on consumers credit history and ability to repay loan. Not everyone may qualify.

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