Fill in your employment details or benefits information if you’re receiving government benefits such as a pension, EI or welfare. If your payment bounces, you will usually be charged a fee.
Brokerage fees vary according to the amount borrowed and time paid back, from $15 to $56 per hundred borrowed and amounts to an APR that varies from 120% to 275% all fees included. What you see is what you pay – that’s the FlexMoney way. All fees are disclosed on your loan agreement upfront and available to you before you sign on the dotted line.
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It generally depends on how much you earn, what kind of financial situation you’re in and what kind of payments you receive. Contact a lender to find out if you’re eligible. Learn more about payday loans for welfare recipients. Payday loans are convenient in a financial emergency, providing quick access to funds. But consumers should use these loans as a last resort because they’re extremely expensive. Compare payday loans from licensed lenders in Canada, and read this guide to find out what you should know first before applying. If you live in Canada and need a payday loan, iCASH offers two options, cash advance and flexpay.
While we are independent, we may receive compensation from our partners for featured placement of their products or services. Apply online and get your loan within 24 to 48 hours. The most common loans in Canada are personal loans, car loans, lines of credit and mortgages.
You will pay compounding interest on the advance from the first day the cash is extended plus an up-front service fee. Additionally, most credit card companies only make a portion of your revolving credit line available for use as a cash advance.