Same Day Loans Canada – Fast Approval & Instant Payouts
Same-day Funding! Get A Loan In Less Than 20 Minutes 🇨🇦
When unexpected expenses arise, finding same day loans Canada can be a lifesaver. At Loans Guaranteed, we understand that financial emergencies don’t wait, which is why we offer fast, reliable, and hassle-free loan solutions for Canadians. Whether you’re dealing with medical bills, car repairs, or urgent home expenses, our same day loans Canada provide funds in as little as 20 minutes. Our streamlined process ensures you get the cash you need without delays, even if you have bad credit or non-traditional income sources. With a focus on transparency and customer satisfaction, Loans Guaranteed is your trusted partner for quick financial relief across Canada.
Our mission is to empower Canadians with accessible loan options, regardless of their credit history. Unlike traditional banks that impose strict criteria, we specialize in same day loans Canada, offering approval within hours and funds deposited directly into your bank account. With no collateral required and a simple online application, you can tackle life’s financial challenges with confidence. Let’s explore how our process works and why Loans Guaranteed is the go-to choice for fast loans in Canada.
Simple Process in 3 Steps
Getting same day loans Canada has never been easier. At Loans Guaranteed, we’ve simplified the loan application process into three straightforward steps, ensuring you can access funds quickly and efficiently. Whether you’re in Toronto, Vancouver, or anywhere else in Canada, our user-friendly system is designed to save you time and stress.
1. Submit an Application
The first step to securing same day loans Canada is completing our quick online application. Available 24/7 on our website, the form takes just five minutes to fill out. Provide basic personal and financial details, such as your income source and bank account information. We accept various income types, including employment income, government benefits like EI or child tax benefits, and pensions. No lengthy paperwork or in-person visits are needed—everything is done online for your convenience. Our secure system, protected by 128-bit encryption, ensures your data remains private and safe.
2. Create Payment Plan
Once your application is submitted, our team reviews it promptly to create a personalized payment plan tailored to your budget. We understand that flexibility is key, which is why we offer repayment terms ranging from 6 to 60 months for installment loans and shorter terms for payday loans. Our loan calculator helps you estimate monthly payments, ensuring transparency. For same day loans Canada, we prioritize affordable plans that align with your payday or income schedule, making repayment stress-free.
3. Get Your Fund
After approval, which often happens within hours, your funds are deposited directly into your bank account. With same day loans Canada, you can expect the money in as little as 20 minutes, depending on your bank’s processing times. This rapid funding allows you to address urgent needs immediately, whether it’s covering a utility bill, repairing your car, or handling a medical emergency. At Loans Guaranteed, we ensure you have the cash when you need it most, with no delays or hidden fees.
Loan Requirements
To qualify for same day loans Canada with Loans Guaranteed, we keep our requirements simple and inclusive. You must:
- Be a resident of Canada (excluding Quebec, Manitoba, Saskatchewan, and Newfoundland and Labrador due to regulatory restrictions).
- Have a consistent income source for at least six months, such as employment, government subsidies (e.g., EI, child benefits, or pensions), or other verifiable income.
- Earn a minimum monthly income of $600, directly deposited into your bank account.
- Be discharged from any bankruptcy or consumer proposals.
- Be the age of majority in your province (19 for installment loans, 18 or 19 for payday loans, depending on the region).
- Provide 90 days of bank statements via our Instant Bank Verification system or manual upload.
Unlike traditional lenders, we don’t require perfect credit or extensive documentation. Our proprietary approval system evaluates your application holistically, making same day loans Canada accessible even for those with bad credit or low income.
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Important Information
At Loans Guaranteed, transparency is at the core of our service. Here’s what you need to know about our same day loans Canada:
- Loan Amounts: We offer installment loans from $1,500 to $20,000 with terms of 12 to 60 months and APRs ranging from 19.99% to 35%. Payday loans range from $100 to $1,500 with terms up to 62 days and a cost of $14–$15 per $100 borrowed (APR up to 365%).
- No Hidden Fees: All costs are disclosed upfront, and our loan calculator helps you understand your repayment terms.
- Security: Our website uses 128-bit encryption and VeriSign for top-tier data protection.
- Eligibility: We accept non-traditional income sources and don’t penalize for bad credit, but we do not lend to those with active bankruptcies or prior loan defaults.
Responsible Loan Policy
Loans Guaranteed is committed to responsible lending. We evaluate each application individually to ensure our loans don’t create financial hardship. Our team assesses your income and repayment capacity to offer a loan that fits your budget. We report all payments to credit bureaus, helping you rebuild your credit with on-time repayments. Our goal is to provide same day loans Canada that support your financial stability, not add to your stress.
Missed Payments and Credit Scores
Missing a payment can impact your credit score and future borrowing ability. At Loans Guaranteed, we work with you to avoid this by offering flexible repayment schedules and clear communication. If you’re struggling, contact us immediately to discuss options. Timely repayments, on the other hand, can improve your credit score, making same day loans Canada a tool for financial recovery.
Responsible Collection
In the rare case of non-payment, our collection process is fair and respectful. We follow Canadian regulations, contacting you via phone, email, or text to resolve issues. Delinquencies are reported to credit bureaus, but we aim to work with you to find solutions before escalating. Our focus is on helping you manage your loan responsibly.
Annual Percentage Rate (APR)
For installment loans, our APR ranges from 19.99% to 35%. For example, a $1,500 loan over 12 months at 2.9% monthly interest has a total cost of $525, with a repayment of $2,025. Payday loans have an APR up to 365%, with a cost of $14–$15 per $100 borrowed. For a $1,000 payday loan over 14 days, the cost is $140–$150, totaling $1,140–$1,150. These rates are competitive compared to other subprime lenders, ensuring affordability.
Renewal
Payday loans must be repaid by the end of the term (14–62 days) with no extensions or renewals, per our policy. Installment loans are open-ended, allowing early repayment without penalties. You only pay interest up to the date of payoff, saving you money. If you need another loan, reapply through our online portal for fast approval.
Repayment Term
Installment loans have terms of 12 to 60 months, with payments debited bi-weekly, semi-monthly, or monthly to align with your income schedule. Payday loans are due on your next payday, typically within 14 to 62 days. Our loan calculator helps you plan repayments to avoid surprises.
Repayment Example
For a $1,500 installment loan over 12 months at 2.9% monthly interest (19.99% APR), you’d pay $168.75 monthly, totaling $2,025, including $525 in interest. For a $1,000 payday loan over 14 days at $14 per $100 (365% APR), you’d repay $1,140 in one payment. These examples illustrate our transparent terms, helping you budget effectively.
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FAQ
What are same day loans Canada?
Same day loans Canada are short-term or installment loans designed to provide quick cash, often within hours of approval. At Loans Guaranteed, we offer loans from $100 to $20,000 to cover emergencies, bills, or other urgent expenses.
Can I get a loan with bad credit?
Yes! We specialize in bad credit loans, evaluating applicants based on income and other factors, not just credit scores. Our goal is to make same day loans Canada accessible to everyone.
How fast can I get the funds?
Once approved, funds are typically deposited within 20 minutes to 24 hours, depending on your bank’s processing speed.
What can I use the loan for?
You can use the funds for any purpose, including medical expenses, home repairs, debt consolidation, or special occasions. There are no restrictions on how you spend your loan.
Do I need collateral?
No, our loans are unsecured, meaning no assets like your home or car are required for approval.
Ready to get same day loans Canada? Apply now at loansguaranteed and get funds in as little as 20 minutes!
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