Frequently Asked Questions

What Do I Need To Apply For A Loan?

You only need two government-issued IDs and a proof of your income.

How Likely Am I to Get A Loan From Loan Away?

Your chances of getting a loan from Loan Away is very high. Currently, we approve between 85% to 90% of all loan applications.

What Type of Loans Do Loan Away Offer?

Loan Away offers short to medium term installment loans payable over 36 months.

Can I Pay off The Loan Earlier?

The loan is payable over 36 months but you can pay it off earlier. 

Do You Offer Payday Loans?

Presently we don’t offer payday loans.

What is The Difference Between Payday Loans & Loans From Loan Away?

Loan Away loans are installment loans. Meaning, you can pay back the loan in monthly installments over an agreed period of time. A payday loan is a very short-term loan which is payable by the next payday, hence the name payday loans.

Are There Any Restrictions on How To Spend The Money?

No, there are no restrictions. Loan Away loans are any purpose loans. You can spend the money on anything you want.

How Much Can I Borrow?

You can apply for a loan of up to $5000.

When Will I know if I Am Approved For A Loan?

Almost instantly after completing the online application form.

Can I Use The Money For Debt Consolidation?

Loan Away loans are any purpose loans. You can use for debt consolidation. You can use the money to pay off your debt from various creditors and only make one payment to Loan Away.

Can a Bankrupt Get A Loan From Loan Away.

Yes, it is possible to get a loan from Loan Away even if you have declared bankruptcy. The only condition is that you must be a discharged bankrupt and not in active bankruptcy.

Apart from Bankruptcy, What Other Conditions Must I Meet in Order To Qualify For A Loan From Loan Away?

You must be a Canadian resident and over 18 years of age. You must be employed and be able to show proof of employment.

How Do I Make Payments?

Installment payments will be collected from your bank account directly.

What Do I Do If I Know There Will Be Insufficient Funds in my Bank Account for a Scheduled Installment Payment

You will need to call us immediately to arrange for an alternative date to collect the payment. You can call us on  +1(866)689-0091 or email us.

How Secure is My Personal Information?

We use industry-standard security software, similar to what banks use to protect personal information.

Can I update My Personal Information?

Yes, you can. Simply log in to your account with the username and password you created when you applied for the loan and update your information.

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