Welcome To 1 Minute Payday Loan

So there can be many reasons for seeking of loans during a crisis. We at 1 Minute Payday Loan can help you find a lending source fast. Within a span of a minute, we will match your application with the lenders on our panel. You just have to input your details on the application page and we will find an ideal loan provider for your specific needs. Our trusted group of lenders will assess your affordability and they usually respond within a minute.

On this site, you can apply for 1 Minute Payday Loan if you are a Canadian citizen residing in British Columbia, Manitoba, Alberta, Ontario, New Brunswick, Nova Scotia, Saskatchewan, Toronto with a fixed income that is not less than C$ 1000. Apart from these if you have sustained credit blemishes and have been denied loans in the past then loan services like long term loans no credit and installment loans for bad credit can be searched here. The best thing about these loans here is that the loan seeker can look for a flexible tenure to refund loans successfully.


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Need upto $1000 In Your Account Today?

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    Ontario- 1
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Prospective borrowers can search for the required loan money through us at 1 Minute Payday Loan prior to his or her payday in a very short period of time. We are dedicated to satisfy and meet your financial requirements. We urge you kindly to borrow only an amount that you can afford to repay. Moreover the loan seeker is also advised to read and fully understand the renewal policy which will guide him or her to renew the loan agreement if needed.

You should be aware that loan extension and roll over facilities are also available from the lender but with accrued additional fees and interest. If you have realized before repayment that funds are insufficient with you to refund successfully then you must contact the lender directly.

To avail loan matching services at our site, please provide the particulars asked in respective fields of the online form and click on the submit button. As soon as we receive your query, we will pass them to our lenders for processing.

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Frequently Asked Questions

How Much Do You Need?

Payday loans are easy monetary solutions that will provide you with the cash you need before payday. The amount of cash that you can borrow will be based on your requirements and if you can meet the qualifying criteria set forth by the lender. This is a short term loan against which you can borrow an amount anywhere between $100 and $1,000, depending on where in Canada you reside. So, if a small amount of cash will be enough to help you to take care of your emergencies then this is the right loan deal.

Fee and Charges

The average loan term is about two weeks and would typically cost 400% annual interest (APR) or more. The finance charge can range anywhere between $15 and $30 for every $100 you borrow. In addition to that lender may also charge you application fee. And if due to any reason you fail to repay the loan when it is due you will be charged with late penalties. Such additional charges will make the loan expensive and get you into financial trouble if you fail to repay off.

Loan Term

Since payday loans are small short term loan, you will need to repay it back within one month. Normally you will have time until payday to repay back the loan plus interest. You may also find lenders who will let you choose the repayment period. If due to any reason you are unable to repay within the scheduled time frame you should information the lender immediately. Lenders may offer you loan extensions for which you will be charged extra fee.

Eligibility

Qualifying for payday loan is easy. You typically need an active bank account, an ID and proof of income to qualify. You must be at least 18 years. However, there are several reasons due to which your payday loan request may get rejected even if you may have income and a bank account. Some reasons may be-

  • You do not earn enough money.
  • You do not meet repayment requirements.
  • You may already have an outstanding loan.
  • You are unemployed
  • Your bank account was opened too recently.

Required Document

Mostly payday loan applications get processed online, which means there is no paper documents required. However, in order to qualify you will need to provide certain documents that include proof of your bank account, proof of income and government issued photo ID card that confirms about your age and citizenship.

Benefits and Drawbacks

1 minute payday loans can be a useful tool for borrowing a small amount of money for a short amount of time. You can have a positive experience with this loan when it is used correctly and with good intent. However, misusing this loan can get you into dire financial trouble. Thus, it is important as a potential customer that you know both the benefits and drawbacks of this loan.

Benefits of Payday Loans

  • This is an easy to apply loan whenever you are facing a financial problem before your payday and you have no other solution.
  • They are easy to obtain and does not require a credit check.
  • They are fast and convenient. You can easily apply for them online without having to fill out all of the paperwork that comes with traditional loans.

Drawbacks of Payday Loans

  • Lenders charge high interest on payday loans. So, it is important to pay your debt by the due date. Failure to pay back on time will increase the interest rate.
  • Extending the loan term can get you into a vicious cycle of debt and make it difficult for you to get out of it.
  • Lenders offering such short term loan may be deceptive in the information they disclose. They may also use misleading marketing material. So, make sure you are careful ahead of making your choice.