Before you apply for any type of loan it is important that you understand how exactly it works. The same is applicable for payday loans as well. Below you can find some of the common questions that you may have when applying for Payday Loans so that you can know if this loan is the right type of credit for you. What Are Payday Loans? This is a small short term loan against which a small amount of money between $100 and $2,000 can be obtained for a term of usually between 16 days and one year. Can This Loan Be Really Obtained Within One Hour? Yes, there are many lenders in Canada who will process your loan request within minutes and get back to you with a quick response. Though it may take time to receive the borrowed money in your bank account, it is still possible to know if your loan request is approved by a lender within an hour. Why Is It Called A Payday Loan? The amount of cash you receive is supposed to be paid back in full when you get paid next. This...
Installment loans Canada no credit check with guaranteed loan approval