Short Term Loans in Canada
You may have several reasons to need funding to cover urgent expenses. However, financial institutions often take a long time to give you a loan because they want to make sure you are going to pay it back. Besides, a bad credit score can greatly affect your chances of borrowing money. Fortunately, it is possible to have access to short-term loans in Canada through Deposit My Cash Now.
What are Short Term Loans in Canada?
A short-term loan is paid back over a short time, a few months, or even a year. Short-term loans typically involve less money than other installment loans, and the average repayment term only lasts 1 to 2 years. When you’re approved for a short-term loan, funds will be deposited directly into your bank account.
Repayment terms for short term loans
You will then follow a plan that allows you to repay the loan through equally divided installments with interest. They are called short-term loans in Canada because they need to be paid off quickly. The short-term loan generally comes with an annual percentage rate as low as 3% and up to 60%.
In a time of debt management and the quick express loan sector, Deposit My Cash Now is your one-way ticket to sort them out.
Online application for short term loans
Short-term personal loan applications are made online, which greatly reduces approval times. You can request a cash advance and receive your money directly into your bank account in less than 24 hours. So you won’t have to wait several days or even weeks as is the case when you borrow from a financial institution.
Short term loans don’t require credit check
Short-term loan applications are made without a credit check. We rely on criteria other than the credit rating to grant a loan. Among other things, you must work full time and have lived at the same address for at least 6 months and not be in bankruptcy or have a wage garnishment. The goal is not to check your payment history, but rather to learn about your need and your repayment capacity.
Need a loan for any project ?
Why Choose Deposit My Cash Now?
Deposit My Cash Now is a private lender in Canada with a five-star quick short term loan Canada service that provides online payday loans, short-term loans, and other types of unconventional loans.
We comply with law and regulations
Our short term loan lenders work with the laws and regulations issued by the Consumer Protection Bureau. As a result, our payday loan possesses no risk to you. We value honesty, and that’s why you will never have the surprise of discovering hidden fees.
Fast approval
At Deposit My Cash Now, we make every effort to find short-term loans in Canada for our clients as quickly as possible. To achieve this goal, we have accelerated the file processing and the decision-making regarding loan approvals. In addition, we want to take on the bold challenge of offering borrowers loan agreements in real-time.
We know how urgent it can be for you to get funds, and we mobilize all our resources to process your application in less than 45 minutes after signing your contract. Some applications go beyond an hour, but they won’t go past 24 hours after application.
Experienced brokers
For 17 years, our purpose has been to help assist with your financial needs.. Our company brings solutions that help you return to a balanced budget situation in any situation you face.
Rebuild your credit with our short term loans
If you find yourself at an impasse, a cash advance, a no credit check loan, or any other type of short-term loan Canada will help you make a fresh start. If you need to rebuild your credit score, a secured credit card or credit consolidation will give a helping hand to your credit rating.
No hidden fees for our short term loans in Canada
Our operations are based on trust. That is why no client will ever experience application fees or hidden fees. We are very aware that fraud and identity theft are growing problems on the internet. Deposit My cash Now is committed to providing a secure internet environment to all our customers. We protect your personal and banking information like our own.
Privacy
Deposit My Cash Now values clients’ privacy. Your details are only needed for the confirmation process, and no unauthorized access is allowed. We don’t sell our client’s information to third parties and fraudsters.
We only allow your information to be viewed by staff members and managers. We also go through an extensive background check before a position is awarded. Be it an active or inactive customer. We diligently follow this policy.
Process 100% online
Short-term personal loan applications are made online, which generally reduces approval time. You can request a cash advance and receive your money directly to your bank account in less than 24 hours. So you don’t have to wait several days or weeks for short-term installment loans and personal loans, as is the case when you borrow from a financial institution.
Short term loans with no credit check
Our application process is fast and secure. You also don’t need tons of paperwork since our application is made online. Once approved, money is deposited directly into your bank account. This is the convenience we strive to give our clients.
Few documents required
Deposit My Cash Now values clients’ privacy. Your details are only needed for the confirmation process, and no unauthorized access is allowed. We don’t sell our client’s information to third parties and fraudsters.
We only allow your information to be viewed by staff members and managers. We also go through an extensive background check before a position is awarded. Be it an active or inactive customer. We diligently follow this policy.
Low interest rates
We are affordable, offering our customers up to 18% annual percentage rates. When it comes to the late payment, we are always willing to add more time for our esteemed customers instead of rushing at them with penalties. A client is also advised to contact us before the due date if there is some trouble repaying the loan. Honest, transparent, and understanding.
Need a loan for any project ?
When should you get Short Term Loans in Canada?
A short-term loan is used to cover expenses in emergencies. For example, it could be expenses to avoid a service interruption or to make a payment on time and avoid penalties.
This type of loan can be used to cover unforeseen expenses, but which require immediate assistance. For example, it could be to repair a broken window, an automobile or a broken frame.
You may have several reasons to need funding to cover urgent expenses. Some of the expenses you can cover with a short-term loan include:
Avoid a service interruption
Home Services such as phone bills, cable television among others can be interrupted due to late payment. A payday loan helps cater for the services and allows you to repay the loan during your next pay cheque.
Debt Consolidation
Debt consolidation is a good idea for you if you can get a lower interest rate. That will help you reduce your total debt and reorganize it so you can pay it off faster.
Short term loans for medical emergency
When sudden injury or serious illness occurs in the middle of payday, a short-term loan will help you access medical services as soon as possible.
Bad credit score
Financial institutions often take a long time to give you a cash advance because they want to make sure you pay it back. Besides, a bad credit score can affect your chance of borrowing money. Fortunately, it is possible to access short-term loans in Canada, unsecured loans through Deposit My Cash Now despite your credit history.
Need a loan for any project ?
Requirements for Short Term Loans in Canada
You can make your request online. This only takes a few minutes. You will also have to provide some important documents:
- Photo ID
- Proof of social insurance number
- Proof of address
- Your last two pay stubs
- A specimen check
- The last 3 months of your bank statement
You can make your request online. This only takes a few minutes. When you have finished completing your application, you will receive your money in less than 24 hours and sometimes even in 1 hour.
Photo ID
We usually require some form of photo identification to confirm your identity. This helps reduce identification theft when applying for a short term loan. Acceptable identification requirements typically include:
- Driver license: This provides us with your current residential address and name.
- Passport: The borrower may be required to be a permanent resident of Canada. Your passport will be used to confirm your status as a Canadian citizen.
- Other photo ID: We will require some form of photo identification to confirm your identity. Acceptable documents could include a Proof of Age Card, a university student card, or your passport.
Identification also informs us about the client’s age. Underage people cannot qualify since they are not yet employed, thus not paying back the tem loan with ease.
Proof of social insurance number
A social insurance number carries a lot of information about you. We recommend you tag along with your social insurance number just for confirmation. At Deposit My Cash Now, we value your privacy. We don’t share your information with anyone. Third parties and fraudsters can cause more harm to our customers, hence the need to secure your information.
Using a secure socket layer, SSL, we protect the data transfer process, creating no room for data intervention. It is against the legislation to expose clients’ information. The responsible lender will be accountable.
Proof of Address
We have to know you have a stable living situation. This involves providing evidence of your address. This may include a recent utility bill, a copy of your lease, rental agreement, or any auto insurance that lists your address.
Borrowers should at least have in the address for six months rental agreement, for example, will prove that the applying client has been living in the stated address for some time.
Your Last Two Pay Stubs
As a requirement, borrowers have to bring with them one or several recent pay stubs to prove that they have a steady source of income and employment status. It also contains details about your employer and where you work. These are details identification thieves try to avoid, since we can easily shake them off when we start our verification processes.
A Specimen Check
This helps to prove that a borrower is credit-worthy. This helps us understand your situation and whether you will repay the loan. It does not mean that poor credit will be left off. We offer loans to everyone as long as you have the means to repay the short term loan in Canada.
The Last Three Months of Your Bank Statements
Statements always prove that you have an active bank account. It is also a way to show you are not bankrupt and won’t repay the loan. However, we don’t use bank statements to check your credit score. Even a bad credit in Canada is qualified for a loan with us.
When you complete your application, you will receive your money in less than 24 hours and sometimes even one hour.
Need a loan for any project ?
How to Apply for Short Term Loans in Canada?
The application process involves a client reaching out to us. We talk about the nature of the instant loan you want, the fees applicable, and a convenient time to pay back the loan.
Step 1: Fill Out Our Form
The application process begins with filling out our form and apply for an online loan on our website and providing your documents to us online. These documents will include a photo ID, social insurance number, proof of your address, your last two pay stubs, a specimen check. In addition, the previous three-month bank statement is highly recommended. You can find useful information on our website. We value your privacy. Your details will be kept safe from third-party access and fraudsters.
Step 2: Ascertain your eligibility and requirements
We have eligibility criteria that borrowers are advised to check and confirm they can borrow. This comes as a piece of good news since almost everyone in Canada qualifies for a loan with us. Your application will be verified in only a few minutes. Borrowers are advised to state correct and accurate information.
Step 3: Sign the short term loan agreement
Once your application has been approved, we will send you a loan agreement. The loan agreement has an interest rate depending on the type of loan, contract length, prepayment fees, and penalties. We advise borrowers to read the loan agreement carefully and append their signature.
Step 4: Receive your money
Cash will be sent directly to your account on sending back the loan agreement.
You won’t have the trouble of going through several working days for your cash to reflect. This is because our deposits are made directly to the borrower’s account.
Step 5: Repayment
Cash will be sent directly to your account on sending back the loan agreement.
You won’t have the trouble of going through several working days for your cash to reflect. This is because our deposits are made directly to the borrower’s account.
Contact Us for your Short Term Loans in Canada
Deposit My Cash Now’s mission is to help people make their payments by giving them access to cash quickly when they need it most. If you need a short-term loan, apply now through our online form. We will be happy to answer all your questions.
Provinces served | Short term loans
Alberta
Saskatchewan
New Brunswick
Newfoundland
Need a loan for any project ?
Short Term Loans in Canada with Deposit My Cash Now!
A short term loans within the hour
A custom loan tailored to your needs
The desire to support you
What are Short Term Loans in Canada?
A short-term loan is that which is paid back over a short time, a few months, or even a year. Short-term loans typically involve less money than other installment loans, and the average repayment term only lasts 1 to 2 years. When you’re approved for a short-term loan, funds will be deposited directly into your bank account.
Repayment terms for short term loans
You will then follow a plan that allows you to repay the loan through equally divided installments with interest. They are called short-term loans Canada because they need to be paid off quickly. The short-term loan generally comes with an annual percentage rate as low as 3% and up to 60%.
In a time of debt management and the quick express loan sector, Deposit My Cash Now is your one-way ticket to sort them out.
Online application for short term loans
Short-term personal loan applications are made online, which greatly reduces approval times. You can request a cash advance and receive your money directly into your bank account in less than 24 hours. So you won’t have to wait several days or even weeks as is the case when you borrow from a financial institution.
Short term loans don’t require credit check
Short-term loan applications are made without a credit check. We rely on criteria other than the credit rating to grant a loan. Among other things, you must work full time and have lived at the same address for at least 6 months and not be in bankruptcy or have a wage garnishment. The goal is not to check your payment history, but rather to learn about your need and your repayment capacity.
