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Find A LenderVenue Financial: Overview
Venue Financial is a BC-based financial services company that provides short-term lending solutions online and in person. The company strives to provide consumers with fast and accessible lending options, particularly for those who struggle with financial issues.
Venue Financial specializes specifically in quick payday loans, helping consumers get access to fast cash to cover a variety of unexpected expenses. There are no credit inquiries, and all income types are accepted.
Our Verdict
| Who Is Venue Financial Best For? | Best for consumers who: – Experience unexpected expenses – Need quick funding – Want no credit checks |
| What We Like About Venue Financial | – No credit inquiries – e-transfer within 2 hours – All income types accepted – Apply online or in person |
| What We Don’t Like About Venue Financial | – Only available in BC |
What Does Venue Financial Offer?
Venue Financial offers short-term payday loans for up to $1,500. Funds can be provided within two hours via e-transfer or cash from a physical branch.
Depending on specific requirements for each loan, some loans may be due in full on your next payday while others may be due on more than one pay date in a period of up to 62 days.
Venue Financial: Snapshot
| Loan Type | Payday loans |
| Interest Rate | $15 per $100 borrowed |
| Loan Amount | $50 – $1,500 |
| Loan Term | Up to 62 days |
| Funding Time | Within 2 hours via e-transfer |
| Income Types Allowed | All income types accepted |
| Credit Check | Not required |
| Availability | BC only |
| Eligibility Requirements | – Be at least 19 years old – Supply proof of ID – Have an active bank account – Have a steady income source |
Qualifying With Venue Financial
To be eligible for a payday loan from Venue Financial, you’ll need to meet the following criteria:
- Be at least 19 years old
- Be a resident of BC
- Supply proof of ID
- Have an active bank account
- Have a steady income source
Documents Required
As part of the application process, you’ll need to provide the following documentation:
- Government-issued photo ID
- Bank statements
- Proof of income
How To Apply With Venue Financial
You can apply with Venue Financial online or by visiting a branch in person.
| Online | Fill out the online application |
| In Branch | – 1070 Shoppers Row, Campbell River, BC V9W 2C6 – 4805 Johnston Rd, Port Alberni, BC V9Y 5M2 – 1708 Bowen Rd #4, Nanaimo, BC V9S 1G9 – 368 Main St, Penticton, BC V2A 5C3 – 1756 Springfield Rd, Kelowna, BC V1Y 5V6 – 112C 2 Ave N, Williams Lake, BC V2G 1Z5 – 324 Reid St, Quesnel, BC V2J 2M5 – 805 Victoria St, Prince George, BC V2L 5P1 |
How To Apply Online
To apply for a payday loan online with Venue Financial, follow these steps:
- Step 1: Provide Your Personal Information. To start the application process, visit the Venue Financial website and click on “Apply Now“. Then, enter a few pieces of information about yourself, including your name, email address, birth date and whether you’re a BC resident.
- Step 2: Provide Your Financial Information. Next, you’ll need to provide your income and/or employment information.
- Step 3: Submit Your Loan Request. Type in the loan amount you require, then submit your application. If all goes well, you should be approved and funded soon after.
What We Like About Venue Financial
Venue Financial comes with the following benefits:
- No Credit Inquiries. If you have bad credit, you can still apply. Venue Financial does not conduct credit checks.
- Quick Funding. Once you’re approved, Venue Financial will provide your funds within 2 hours via e-transfer. You can also obtain these funds in cash by visiting a branch in person.
- All Income Types Are Accepted. Any type of income is accepted, including income from employment and government benefits.
- Apply Online Or In Person. Venue Financial makes it easy and convenient to apply for a payday loan online. Alternatively, you can visit their storefront to apply for a loan and obtain your funds in person.
What We Think You Should Watch Out For
While there are some advantages to using Venue Financial, there are also a few drawbacks to consider:
- Expensive. Venue Financial charges $15 for every $100 borrowed.
- Short Repayment Term. You’ll need to repay your loan in no later than 62 days, which can prove difficult in such a short period. That said, this is a typical condition with payday loans, regardless of the lender.
- Only Available In BC. You have to be a resident of BC to apply for a payday loan from Venue Financial.
Learn more: Payday Loans: Know Your Rights
Is Venue Financial Safe?
Venue Financial has been in the lending industry since 2013, so they have over a decade’s worth of industry experience.
Plus, Venue Financial is licensed to offer payday loans in BC, which means they are obligated to adhere to strict rules when it comes to how they provide loans. It’s essential that you only work with licensed payday lenders to ensure you’re treated fairly.
What Do Consumers Think Of Venue Financial?
There is limited information online in terms of reviews for Venue Financial. As of this writing, information about the company can be found on the Better Business Bureau (BBB) website:
| Better Business Bureau (BBB) | Not BBB accredited BBB Rating: A+ 1/5 stars |
How Does Venue Financial Compare To iCash
There are plenty of other payday lenders throughout Canada. You may want to compare Venue Financial to other lenders before applying for a short-term loan. To help you get an idea of how Venue Financial’s payday loan services compare to others, the following chart compares the company to another payday lender, iCash:
| Venue Financial | iCash | |
| Interest Rate | $15 per $100 borrowed | $15 per $100 borrowed |
| Loan Amount | $50 – $1,500 | $100 – $1,500 |
| Loan Term | Up to 62 days | Up to 62 days |
| Funding Time | Within 2 hours | Within minutes |
| Income Types Allowed | All income types accepted | All income types accepted |
| Credit Check | Not required | Not required |
| Availability | BC only | BC Alberta Manitoba Ontario New Brunswick Nova Scotia PEI |
Final Thoughts
If you need fast cash and don’t have the time or the qualifications to apply for a typical personal loan, then a payday loan from Venue Financial might help. Funds are available within 2 hours via e-transfer and can be used for all types of purposes. However, you’ll need to live in BC to apply.
