The Most Undervalued Forms of Insurance
Though some types of insurance are mandatory, such as car and home insurance, there are other types that might slip your radar.
Let’s talk about Fresh Start Finance, where personal loans are made easy. As an affordable and convenient alternative to payday loans in Canada, this online lender can set any Canadian up with the financing they need. If you’re struggling financially and your bank says no, Fresh Start may be the solution you’ve been looking for.
Unlike many banks and other prime lenders in Canada, Fresh Start Finance seems to take in clients who have lesser finances and lower credit scores. However, there are still a few different standards to pass in order to qualify for a loan or create an account.
At the moment, their site doesn’t have too much information about the full requirements for their loan products (see their General Terms of Service page to learn more), but you may also have to fill out various personal details, such as your name and residency. The better your financial health is when you apply, the better your interest rate and overall loan conditions will be.
Like most online-based lenders, the Fresh Start Finance webpage offers up an application process that takes a few minutes to complete. As long as all your information checks out, you should receive a loan quote within 24-hours. After that, the decision is up to you.
If you accept the offer, it may take one or two business days to receive the loan by direct deposit.
In essence, Fresh Start Finance offers simple personal loans with minimal requirements, which is part of what makes their products appealing. Nonetheless, it’s always a good idea to weigh the positive and negative aspects of any lender’s services prior to applying with them. After all, you want what’s best for your financial situation.
As previously mentioned, one of the best parts about applying with Fresh Start Finance is that you shouldn’t be subject to any of the administrative fees that might accompany a personal loan from a more traditional lender.
However, apart from the principal loan balance, the largest cost that you’ll have to watch out for with Fresh Start is their interest rates, which are relatively high and range from 29.99% – 46.96%. Although these rates may be adjusted according to your financial health, as well as your home province or territory, they can certainly drive up the full cost of your loan throughout your repayment term.
That said, this is the case for most lenders that accept clients who have bad credit, low incomes, or recent problems with debt management, so bear that in mind whenever you’re searching for credit.
Remember, weighing the positive and negative features of your chosen lender is an essential part of the pre-application process. Take a look at the list below before you apply for a personal loan through Fresh Start Finance:
Loan Range | Rate & Terms | Product Details | Eligibility | Requirements & Documents | |
---|---|---|---|---|---|
Personal Loan | Up to $15,000 |
|
| Must be age of majority in your province |
Fresh Start Finance has a clean website that loads quickly and clearly outlines its fees. Its website is mobile friendly and its application form is easy to complete. My only complaints are that it lacks educational content or a blog and doesn’t have a chat service on its website.
Application simplicity
Reputation
User experience
Information and transparency
Accessibility
Really happy with the agent I spoke with!
My loan got approved in just 2 days. Thank you so much!
Very knowledgeable and genuinely wanting to help. They provided great advice and was able to provide me with what I needed to move forward. Thank you!... read more
I applied online and was contacted the same day. It’s a good service for people who need immediate funds.
For my opinion, they are doing their job, by calling or texting, some one said he is not stupid, but actually he is. Bank and private lenders never ev... read more
One star for a company that just wants your info.. said I could easily get a loan then after a hour on the phone (half hour on hold hearing the same d... read more
Interest is very high but they were the only ones who were willing to give me the loan. It was pretty fast and smooth so I’ll give them that
I have a loan with the bank with the interest rate of 8%. I was looking around whether I could drop the interest rate little bit. Julie, loan speciali... read more
Great Lender. Thanks for the help.
Very disappointing to say the least. They are too quick to take all your personal information and then they dont call you back. Even after numerous at... read more
I made the mistake of inquiring once and now they won’t stop calling and emailing me. Please stop.
I filled out the forms sent in photos of requirements I never heard back from them.
This is a trusted service provider in Canada.
Not bad, I got the money I needed. Easy to deal with.
Look, they’re a bit expensive. Needed the cash though and it all worked out.
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Though some types of insurance are mandatory, such as car and home insurance, there are other types that might slip your radar.
All consultations and conversations with Loans Canada and its partners are confidential and risk-free. Speak with a trusted specialist today and see how we can help you achieve your financial goals faster. Loans Canada and its partners will never ask you for an upfront fee, deposit or insurance payments on a loan.