Loans Canada Launches Free Credit Score Portal And Is Recognized As One Of Canada’s Top Growing Companies
Loans Canada is pleased to announce it placed No. 131 on the 2022 Report on Business ranking of Canada’s Top Growing Companies.
If you need quick cash and don’t have the time nor the credentials to get approved for a traditional bank loan, FlexMoney may have the solution. With this alternative lender, you can get approved for an installment loan within minutes and have funds deposited into your account in as little as 24 hours, all online.
FlexMoney is an online lender based in Toronto that has been providing installment loans to Canadians in all provinces. FlexMoney makes it easy to apply for a personal installment loan via innovative software that allows borrowers to access loans quickly and easily. There’s no need for an in-person interview or any credit checks. The application process is done entirely online with quick approvals and access to funding in as little as 24 hours.
An installment loan is a type of personal loan that is repaid in installments over specific intervals until the full loan amount — plus interest — is paid back. Loans can be applied for any time of the day or week. Once approved, the funds are deposited automatically into your bank account.
To repay the loan, payments are automatically withdrawn from your bank account. Payment due dates coincide with your payday to ensure the funds are available to withdraw.
Loan Amount | $500 – $15,000 |
Term (months) | 6 – 60 |
Interest Rate (APR) | Starting at 18.9% |
Payment Frequency Options | – Weekly – Bi-weekly – Semi – Monthly – Monthly |
Funding Method | Direct deposit |
Repayment Method | Automatic withdrawals |
In order to qualify for a loan from FlexMoney, you’ll need to meet the following requirements:
The costs of taking out an installment loan with FlexMoney are as follows:
There are many perks to using FlexMoney to get access to funds quickly, no matter what you need the money for:
There’s no need to physically visit a financial institution to apply for a loan. With FlexMoney, everything is done online from wherever you happen to be, at any time of the day or week. The application process takes only a few minutes.
You’ll receive notification of a pre-approval within minutes of applying, followed by a phone call from a customer support representative to guide you through the rest of the application process.
You may still be able to qualify for an installment loan with FlexMoney even if you’re not working. Receiving government assistance, such as CPP and OAS, and being self-employed may be sufficient for you to get approved, as long as you receive a minimum net monthly income of $2,000.
You can apply for a loan of as much as $15,000, which can be enough to cover a myriad of expenses, including home renovations, an unexpected medical expense or any other major purchase.
Term lengths range from as little as 6 months to as long as 5 years, giving you plenty of flexibility when it comes to repaying your loan. Similarly, you have several options when it comes to how frequently you make your payments, including weekly, bi-weekly, semi-monthly, and monthly.
You don’t have to manually make payments to FlexMoney, so there’s no risk of forgetting. Funds are automatically withdrawn from your bank account, so there’s little risk of missing payments.
FlexMoney Online Installment Loan FAQs
Does FlexMoney require a credit check?
Is there a penalty for prepayments?
What provinces does FlexMoney operate in?
Can I get a loan if I’m unemployed?
How long does it take to get funded?
If you need access to a few thousand dollars quickly without the hassle of the lengthy and time-consuming loan application process that’s typical with traditional financial institutions, FlexMoney may be worth checking out. Applying for a loan is easy and doesn’t require the same types of eligibility requirements that banks may demand. Just keep in mind that interest rates may be much higher compared to installment loans provided by traditional lenders.
Loan Range | Rate & Terms | Product Details | Eligibility | Requirements & Documents | |
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Installment Loan |
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Loans Canada is pleased to announce it placed No. 131 on the 2022 Report on Business ranking of Canada’s Top Growing Companies.
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