When applying for an Instant approval payday loan, you will fill out a simple application form. After submitting your information, the site will submit your loan request to a network of direct lenders, one of which will contact you directly with an instant decision. After you receive the decision, you can analyze the terms and conditions, including loan amount, payment terms, and other related costs. If you have any questions, you can ask them before digitally signing your contract with the lender.
Make Sure To Enter All Of The Requested Information Accurately
When it comes to the duration of an instant approval payday loan, the length varies by province. In some provinces, you may be able to renew or rollover the loan once you have exhausted its term. In most cases, however, the terms are no longer than four weeks. Always remember to research the terms and conditions of the lender before applying for an instant approval payday loan. If you can repay your loan within this timeframe, you won’t be charged any late fees or penalties.
To qualify for an instant approval payday loan, you must be at least 19 years old, a legal resident of Canada, employed for a minimum of two months, have a working checking account and a working phone number. You should have all your documentation ready so the lender won’t ask you for more information. When applying for an instant approval payday loan, remember that the interest rates are high, and repayment terms are short. Check whether you have enough income to repay the loan and avoid a payday loan that has a high interest rate.