Overview
An installment loan is just an option that is customer-friendly a long run. Frequently employed for larger loans, the loan quantity plus interest is repaid in frequently scheduled re re payments of considerably amounts that are equal a set time period.
| Term | 6-48 months |
|---|---|
| Payments |
Very first re re re payment is born on your own very very first payday that falls within 7-40 times through the day that is original loan had been authorized
The amount of staying re re payments and quantity per re payment will be predicated on how frequently you can get compensated (in other words. Month-to-month, semi-monthly, bi-weekly, weekly) and also the period of your loan term
Details
| Disbursement Increments | Rounded as much as the second $100 increment |
|---|---|
| Interest/Fees | 46.96% |
| NSF Fee | None |
| Late Fee | None with the exception of interest on overdue re re payments. |
| Loan Protection Insurance | No |
| Post Deadline Interest Assessment | 46.96% interest pertains to all re re payments that aren’t compensated whenever due |
| quantity of Loans Per Borrower | One loan per customer- either cash loan or Installment. Comprehensive payoff of an outstanding advance loan or Installment Loan is necessary just before applying for an Installment loan |
Consumer Needs
| Minimal Borrower Age | 18 years old or older |
|---|---|
| Residential limitations | must certanly be a resident of Ontario |
| Payroll kinds | Direct Deposit |
| money kinds | Employment, Canadian Pension Plan (CPP) and later years safety (OAS), Pension Arrange, ODSP, Self-Employed, Child Tax Benefit, Employment Insurance, Workplace Safety and Insurance Board (WSIB) |
| reason for Loan | General Household Bills, Rent or Mortgage, Home Improvements, going costs, Residence Repairs, Car Repairs, vehicle buy, healthcare Expenses, Consolidate several Debts, Education costs, Travel and Leisure, Business Loan, Legal Expenses, Other Major buy |
Just exactly just How our procedure works
- Select a shop closest for you
- Determine which loan suits you
- Begin the application online
- You’ll be contacted to book a consultation at your shop
- Complete the application waiting for you and get your funds in the event your application is authorized
Installment Loan Documentation Checklist
Please don’t forget to bring the next whenever you see certainly one of our shops: