FAQ
Here are a couple of important aspects which you need to be aware of before applying for a loan with us.
1. What would be the tenure of the loan?
We have a very flexible payment term, which can vary from 6 to 120 months. We offer you sufficient time to repay the loan.
2. What is APR and how is it Charged?
APR stands for “Annual Percentage Rate”. It is basically the annual interest which is charged on your loan. The standard rate of APR charged could be maximum of 10%. The rate is determined after your credit and personal assessment.
3. What are the Formalities and Paper works which needs to be done?
Here is a brief insight for you
- Verification of your employment. You need to have spend at least 6 months with your current employer
- Income Proof
- Residential Proof (Canadian Citizenship)
- You need to be at least 18 years old.
- Bank account proof
- References
- Other factors which can affect your eligibility for personal loan, include
- Bankruptcy filling
- Credit counselling filling
- Proposal Filling
4. How quickly does the Online Application Process Gets Completed?
I hardly takes 5 to 10 minutes to complete the online application process
5. What are the Benefits of early repayment of the Loan?
You can repay the loan any time before the due date. In that case, you will have to incur finance charges till the date of repayment.
6. What about the Hidden Fees?
There are no hidden fees . We charge no extra fee on account of processing or any other activity which needs to be conducted for approving and disbursing the loan amount.
These are some of the important aspects which you need to know prior applying with us. Looking for a quick and easy loan? We are your one-stop destination.