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FAQs


What is a Payday Loans or Cash Advance?
A payday advance provides you with an unsecured, short-term cash advance until your payday. Customers usually choose it to cover some unexpected expenses while avoiding costly bounced-check fees and late payment penalties. With us you can apply for a loan online and have your money electronically deposited to your checking account or arrange a meeting and get cash.

Are all loans approved?
Most loans are apporved however if we lack enough information or in some cases due to credit risk you could be denied.

Are there any risks of borrowing?
Payday loans should be used as short term credit needs only. If you do not repay your loan your credit could be damaged.

What about Qualifying?
Qualifying for a loan is easier than qualifying for traditional credit. We perform credit checks with your permission. Your job and your paycheck act as your collateral and You need to meet the following requirements:
  • Currently have a job (or receive regular income) more then 3 month in same place
  • Make at least $1000 per month
  • Are 18 years of age or older and a Ontario resident
  • Have checking account with personal checks
How long does the process take?
Customers typically receive primary approval within 5 minutes of applying, you can get cash immediately, as we arrange money electronically. There are 2 options: receive email and get money within 1 hour or get money directly into your checking account, and then you can usually have access to your funds the very next day.

*We have extended business hours.

What about collateral to receive a loan?
No. Your job and your paycheck are your collateral.

Do I need direct deposit?
No, you can receive your paycheck in anyway.



How are fees established?
Our fees are competitive and in compliance with all applicable provincial and federal laws.

Is there any additional application fees?
No, there are no hidden fees, only the loan fee which is located in your electronic signature documents.

What are the administration fees for?
Administrative fees cover banking fees, transactional costs, staffing costs and other day to day operating costs. Due to the short term of the loan (maximum of 31 days) and the small size of the loan, these costs may be higher than other lending institutions.

How often should I use this service?
Whenever an immediate or urgent need arises, we are here to help you. However, you have the option conveniently renew the loan by paying only the fee and re-loaning the full amount.

How is the payday cash advance loan amount determined?
The law regulates and limits the maximum advance amount to between $100 and $1500. Within that range, you qualify for a payday advance amount based on your current income and your history with us. Your credit built while you take loan and pay out the loans on time.

Why is there so much information in the Loan Agreement?
The Agreement is a contract that complies with all applicable state or federal disclosure requirements. It completely outlines the terms of the payday advance, including the cost of the service fee both as a dollar amount and as an annual percentage rate (APR).

How soon do I have to pay back the loan?
The loans are generally repaid back when you receive your next paycheck. Of course you may also pay back your loan at anytime without any prepayment penalties.



What if I can’t repay the payday loan in full on my due date?
We have different payment options available for our customers:
  1. Paying the loan in full on the maturity date listed on your loan agreement*.
  2. Paying the finance fee and a portion of the principle on or before the maturity date*.
  3. Paying only the finance fee on the maturity date*.
*Some additional terms and conditions may apply. Please ask your loan consultant about all of the repayment options.

If I am approved, how do I get my money?
We deposit the cash directly into your personal bank account within 48 hours. You also can receive money within 1-2 hours using our system in case you have online banking and secure email*.
* Secure email defined any paid email, not email, hotmail, yahoo or gmail.

How do I pay you back?
We debit your bank account on your next scheduled pay day for the full loan, but You have option to pay only the fees by sending us email 3 days prior your payday with request for Convenient Loan Renewal.

I have a small pay cheque this time; can I skip my payment till my next pay?
A payment can not be skipped, but you can do a loan renewal and only pay the fees this pay, renewing the loan until your next payday.

What is a loan renewal?
Loan renewal allows you to get new loan without full repay of existing loan. Your bank account is debited only the interest and you keep the actual loan. New interest calculated and the loan is due again on your next pay date.

How can I change to Convenient Loan Renewal?
We need at least 3 business days to change the payment request send to your bank. By default, loans are automatically recorded without renewal option.

Is employment verification optional or mandatory?
We do need to call and speak with your Human Resources or Payroll department. Our staff is very discreet when verifying your employment and do not disclose where we are calling from.

Can I borrow additional money before payout the previous loan?
Yes, you can borrow additional money, as long as you do not exceed your limit. All clients have a limit applied to their individual account based on their history and paycheck.

Is there any geographical limits or restrictions?
At this time, we offer loans to residents across Canada excluding Quebec.