Payday Advance Canada - Quick Money for Emergencies


by Al Falaq Arsendatama - Date: 2007-04-25 - Word Count: 381 Share This!

If you live in Canada and happen to face a financial emergency you have the option of getting a payday advance, which is a short term loan with the amount between $100 and $1000 you can borrow until your payday. Payday advance Canada is designed to help people overcome their cash emergencies that may arise due to unexpected expenses such as overdue medical bill, urgent vehicle repair, etc.

In general you have two to four weeks to make a repayment for the loan. On the due date, you can make a full amount for repayment, pay partially or rollover the loan to the next cycle. The two last options may cost you extra fees so it is recommended to borrow at the substantial amount that you can repay to avoid getting another financial trouble. Payday advance qualifications

There are some requirements you have to fulfill to become eligible for the loan. Basically, you must be a Canadian citizen or resident above 18 years old, have a job with regular salary, and have a bank account. It is just that simple. You don't have to worry about your credit rating as most payday advance lenders in Canada do not perform any credit checks as part of the requirements.

How to apply?

The easiest way to get a payday advance in Canada is by applying online. You can find lenders operating online giving the customers convenience to simply complete the online application form directly from their home computer. You don't have to worry about visiting a local loan shop as everything can be done electronically.

With online payday advance you can expect the money to be transferred directly into your bank account within the same day, excluding weekends. Some lenders even cut off the need to fax any document all together. They have some other ways to perform verification without asking you to fax any supporting document.

Understand before you apply

Although it is easy to get a payday advance in Canada, you should understand the various implications of getting a payday loan and deal with a lender that will not cause you any trouble. Make sure that you understand clearly the lender's policies including how much interest and fee they are charging you. You should only select a lender that is based in Canada and have a reputable name.


Related Tags: canada, payday advance, cash loan, requirements, emergencies, applying online

Click here to find payday loan companies in Canada online. You can get cash directly deposited into your account from a same day payday loan.Check out also how to get a payday loan for people with bad credit in Canada.

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