Sometimes a person needs cash for an emergency, but they don’t want to humiliate themselves by feeling like they’re begging for a loan at the bank. When people have gone through some hardships, or have had insufficient fund checks, many banks won’t give them a loan. Others have lost their jobs and their good credit standing. There is good news for Canadian citizens who’ve obtained a new position and have been working at the new job for over three months. If they earn over $1200 a month, and the money is deposited directly into their bank account, they can meet the criteria for obtaining loans of $500, up to $750.
There’s no need to apply for larger loans if a smaller loan can handle the need a person has right now. These loans are known as short term loans because they’re paid off in a short amount of time. They’re very easy to apply for online, or by telephone, and take just a few minutes. If a person applies in the morning and they’re approved before 2:00 p.m., their loan is put in their bank account the very same day they apply. Once a person becomes a member, they can enjoy having their loans renewed, and loan payments can also be made online.
As with any loan, it just makes common sense to always read the fine print, and make sure to ask questions about interest and payments before signing online. Information on these types of short term loans has been sourced from this writer. One special aspect of this type of loan is the fact that even people with less than perfect credit can qualify as long as they’re a Canadian citizen, make $1200 or more a month and have their pays direct deposited. With the borrower’s permission, the loan company will take regular loan payments from their bank account until the loan is paid in full.
Customer service is also excellent when questions are asked while applying for a loan. Naturally, there are some people who receive private pensions, student loans, child tax, or social assistance who will not qualify for a loan. For those fortunate individuals who have a job, they can have their loan approved the same day they apply.