Are you looking for no credit check loans, instant approval payday loan? The process of applying and acquiring money online is a very simple one. Most lenders do not check your credit history and only consider your income-to-debt ratio. This type of loan is also very convenient, because you don’t have to provide collateral. Despite its name, this type of loan can be accessed by Canadians with all types of credit history.
Instant Approval Payday Loans
A typical instant approval payday loan has a few requirements, but otherwise it’s a fast, easy way to borrow cash in a pinch. The amount of money a borrower can borrow is generally between $100 and $2500. Typically, borrowers are approved for an instant approval payday loan without any hassles or lengthy waiting periods. In fact, nine out of ten applicants will receive funding. However, it’s important to remember that this type of loan does not accrue high interest.
In order to qualify for an instant approval payday loan, you must be at least 19 years of age, be a citizen or permanent resident of Canada, and have a stable job with a regular pay check. Additionally, you should have a working checking account and a phone number. These requirements vary by lender, and the lender will verify your eligibility based on your information. The entire process will take about an hour or two. The amount of the loan will depend on your employment and income, but the process is generally fast.