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Northstar Brokers: Overview

Northstar Brokers is a private lending firm that offers loans to consumers who may have a tough time getting approved for a loan from a conventional lender. Loans are available at any time and they have flexible lending requirements. They offer a wide range of loan products, including quick, short-term loans and debt consolidation loans. 

The firm has simplified the lending process and promises to use innovative technology to provide immediate approval upon loan submission requests, with funds made available shortly after applying. Borrowers can receive their loan within 30 minutes when they apply in person or within 24 hours when they apply online. 

What Does Northstar Brokers Offer? 

Northstar Brokers offers short-term loans between $300 to $3,000. This short-term loan provides quick funds almost immediately after loan application and is suitable for those who need emergency funding for a pressing need. 

Applying for a cash advance can be done in minutes without all the detailed information and documentation typically required from traditional lending institutions. Moreover, thanks to their expertise and vast network of lenders they work with, they can offer fast loans up to $3,000. 

Features Of A Northstar Brokers Loan 

  • No Credit Check – Traditional loans usually require a credit check on the borrower. But with Northstar Brokers Loan,  bad credit borrowers can get approved for a loan as there is no credit check
  • Fast Approval – Borrowers can get the funds they need to cover an emergency expense quickly. Funds can be directly deposited into your account within 24 hours or even on the same day of your application.
  • Bad Credit Accepted – You won’t have to prove that you have a good credit score to get approved for a loan with Northstar Brokers.
  • Higher Loan Amounts. Compared to other short-term loans or payday loans, Northstar Brokers offers loans up to $3,000.

Benefits Of A Loan With Northstar Brokers

There are plenty of perks that come with applying for a loan, including the following:

  • Quick application. The application process is simple. It only takes a few minutes to complete and doesn’t require a ton of documents to submit to the lender.
  • Fast funding. You can expect your funds to be deposited into your account within 24 hours after being approved for a loan. In some cases, you may get your funds on the same day.
  • Accepts poor credit. A credit check isn’t required, which means you can get approved for a loan even if your credit score is on the low side.  
  • High loan amounts. Depending on your financial health, you may be able to qualify for higher loan amounts.
  • Flexible payment options. If you take out a personal installment loan, you can choose your repayment schedule, including bi-weekly or monthly payments.  

Drawbacks Of A Loan With Northstar Brokers

Along with the benefits of a loan with Northstar Brokers come a couple of drawbacks to consider:

  • Missed payment fee. If you miss a payment, you will incur an additional $40 fee at the end of the contract.
  • Finance fee. There is a lending fee that comes with a loan with Northstar, which will be added to your loan amount. That means you’ll not only have to pay back the amount you borrow but also an additional fee on top of it. With Northstar Brokers, the lending fee is $12 for every $100 per week of capital you owe. 

Requirements For A Loan With Northstar 

In order to be eligible for a Northstar Brokers loan, you’ll need to fax in certain documents regarding your personal and financial details. 

Personal Information

  • Identification – Northstar required two photo IDs and your Social Insurance Number (SIN) to verify your identity. 
  • Proof Of Address  – You’ll also need to provide a utility bill to prove your address. You must also have lived at the same address for at least 6 months to be eligible. 

Financial Information

  • Employment – You must be employed full-time for at least 6 months to be eligible. You’ll also need to provide two most recent pay stubs to verify income.
  • Bank Account – Northstar Brokers also requires that you have a bank account that has been active for 3 months. You’ll also need to fax in your bank statements from the last 90 days. 
  • Paycheque – You must be paid by your employer by cheque or direct deposit to be eligible.  
  • Payment – For loan repayment, you’ll need to provide a void cheque or pre-authorized debit form
  • Financial Health – To be eligible, you must also not be in bankruptcy or have any wage garnishments.

How To Apply For A Loan With Northstar Brokers

Applying for a loan with Northstar Brokers is easy. Just follow these 3 simple steps:

1. Submit the required documents -The lender will require some documents for review. After you submit this information, it will be sent to Northstar Brokers’ finance firms for approval.

2. Sign your contract – After you’re approved, Northstar Brokers will send you a contract for you to sign. 

3. Receive your funds – Northstar Brokers will send you your money soon after you sign the loan contract via online money transfer.

Northstar Brokers FAQs

How fast will I get my funds through Northstar Brokers? 

If you apply in person you can receive your cash within 30 minutes. When you apply online before 11:00 am, you can get your funds as quickly as the same day. If you apply online after 11:00 am, you’ll receive your funds after 24 hours. 

How much can I borrow through Northstar Brokers?

You can borrow between $300 to $3,000 with Northstar.

What documents do I need to apply with Northstar Brokers? 

To apply, you’ll need to fax Northstar Brokers two pieces of photo ID, your SIN, a utility bill with your address, your last 2 pay stubs, and your bank statements from the last 90 days. Lastly, you’ll need to also provide a void cheque or pre-authorized debit form for repayment. 

Final Thoughts

Northstar Brokers offers fast-cash loans that are easy to apply for and get approved for, and funds can be deposited into your account within the hour in some cases. But such loans are usually expensive. Make sure you’re capable of repaying the loan in full by its due date before you apply.

Services & Products

Northstar Brokers Offered Services

Micro Loan

Loan Range
$300 to $3000 (first-time clients can receive up to $1,000)
Interest Rate
18% + fees
Terms (Months)
6
Funding Time
  • Under one hour
Funding Method
  • Direct deposit
  • e-Transfer
Repayment Options
  • Weekly
  • Bi-weekly
Eligibility
  • Active chequing account for last 3 months
  • Full-time employment for last 6 months
  • Same address for last 9 months
  • Income received direct deposit or via cheque
  • No bankruptcy or wage garnishment
Requirements & Documents
  • 2 photo IDs
  • SIN
  • Proof of address
  • Last 2 pay stubs
  • Void cheque/pre-authorized debit
  • Last 90 days of bank statements

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