When you have an emergency and need fast cash, an e Transfer Payday Loan is 24/7 and about as fast as you can get it. This type of loan takes a couple minutes to apply for and decisions about as fast. Depending on the lender, you could have the funds in just a few minutes to a few hours, and deposited in your account.
Whether its an e transfer or other payday loan type, the rates are known to be high, and usually with short repayment terms.
e Transfer Payday Loans Canada
Canadians seeking e transfer payday loans will find this one of the fastest options to get funds when approved. When you’re in a hurry and need fast cash an e transfer payday loan is often one of your best options. But at the same time, it’s a costly way to borrow, so be sure to read this entire article as it mentions a number of things you should know about when it comes to borrowing this type of loan. In some cases there are no credit checks for e transfer payday loans. but this depends on the lender. Not all use the same methods for reviewing applications or allowing others to borrow in general. Many lenders have small differences from one to the next and it’s important to not assume they are all the same. Many e transfer payday loans in Canada do have similar requirements (see below) that are fairly standard among some lenders.
e Transfer Loans
Finding eTransfer loans (payday or installment) is great when you are in a hurry as there are not many option that can put cash in your hand as quickly, especially when you have fair or bad credit.
If you don’t have a regular income and would need something like ODSP e transfer payday loans in Canada there are some lenders that work with these options and can possibly help those receiving benefits like employment insurance (ei) and similar. Many often assume that without employment you would not have any options for fast cash when you could use financial assistance. But with some lenders there are options to borrow, even when you are collecting benefits.
Finding e transfer payday loans in Ontario, BC, Alberta, Saskatchewan and most other provinces should not be an issue, especially when searching for loans online. This type of instant payday loan is fast and easy to apply for, and the funds are provided quickly when approved.
Requirements of e Transfer Payday Loans
The requirements when applying for e transfer Payday Loans are fairly straight forward and simple.
- 18 years of age or older
- Bank account is active and more than a month old
- Employed or receiving benefits by direct deposit
While not every lender is the same, these are some of the more common requirements for an e transfer Payday Loan.
With e transfer Payday Loans you can borrow up to $1,500. But it’s important to only borrow what you absolutely need as these are high interest loans. Also, it will become your responsibility to pay it back as mentioned within the terms of your agreement. Always read your agreement carefully before taking the final step of signing to make sure that you fully understand any fees, charges, payment schedule and anything else related to your loan.
Reasons for e Transfer Payday Loans Denial
There can be all kinds of reasons your application might not be approved, but these are some common ones:
- You recently started a new job (short employment history)
- You recently moved (change of address)
- There are errors (typos) in your application
- The info in your application is incorrect (e.g. address you input does not match with bank account info)
- Your regular income was too low or the source was not considered
- You can’t prove your income
Maximum costs of borrowing per province
Always refer to your contract for exact repayment amounts and costs as they may vary from our results.
|Province||Maximum allowable cost of borrowing|
|Alberta, British Columbia, New Brunswick, Ontario & Prince Edward Island||$15 per $100 borrowed|
|Manitoba & Saskatchewan||$17 per $100 borrowed|
|Nova Scotia||$19 per $100 borrowed|
|Newfoundland and Labrador||$21 per $100 borrowed|
|Northwest Territories, Nunavut & the Yukon||$60 per $100 borrowed|
|Quebec||Limit of 35% annual interest rate (AIR)|
Responsible borrowing with high interest loan products is recommended.