It’d be nice to have everything work in your favor all the time. In an ideal world, you wouldn’t have an unexpected, unplanned expense spring up on you out of the blue. And you’d be ready for any contingency, should they occur. As a next best option, however, you should be able to borrow enough money to tide you through the difficult patch and then repay it comfortably.
Which is why, a payday loan is never, ever the best solution.
PayDay Loan lenders will gladly loan you small sums of money without asking too many questions. All they want to know is that you have a steady source of income to pay back their loan and that’s it. You can borrow up to $1000 in no time at all. Poor credit or lack of collateral won’t be a hindering factor. What can be better than that, you think. As a matter of fact, nothing could be worse than that. Here’s why.
They’ll get you to sign a check to pay back the whole amount plus interests and fees by the end of the month. What’s wrong with that, is that if you calculate the percentage of interest in annual terms, it’d work out to be over 600%. Forget about being the best solution, it should never even be considered, to begin with.
Do banks really care about you?
Traditional lenders like banks can’t see much beyond themselves. Because they aren’t looking. Irrespective of your need and your situation, they stick to their structures, policies, and protocols. If you have poor credit, banks will likely not give you a personal loan. Collateral is something they’re almost always unflinching on. If that’s not all, they put you through endless paperwork and wait times, then decline you.
Loan Away is an online-only private lender who neither judges you in your time of need nor views it as an opportunity to be exploited for profit. We look at things differently. Ease of application, promptness of response, simple approval criteria, flexible payback options, these are the pillars of our business model.
Here’s how it works.
You can apply for any amount between $500 to $5000 through our application form here. It only takes minutes. You can choose your payback options. You could stretch it all the way to 36 months if you so choose. Online agents then take up your application in real time and rush it through a few eligibility criteria. Bad credit won’t be an impediment to approve personal installment loans online. So long as you have a steady income source in Canada and are currently not in the midst of a bankruptcy or consumer proposal filing, you should be good. As much as 87% of applications are approved. In less than 24 hours, you can access the funds right from your bank account.
At Loan Away, we can’t promise you an ideal world. But we’re working hard every day to come as close to the next best option as possible.