Apply for Installment loans in Calgary
When facing unexpected expenses and having a poor credit score, borrowing emergency money is nearly impossible. Banks and other traditional institutions that issue secured loans will typically refuse your application. In addition, these loan processes are complicated and can drag on, making them unsuitable for emergencies.
Thankfully, installment loans in Calgary can quickly get you out of financial hardship with no credit check or documents required. Best of all, you receive the money within 24 hours at the latest.
What is an Installment Loan?
An installment loan is an unsecured loan between $300 and $3000 designed to help you fund all your short-term emergencies. Unlike applying for a traditional loan, bad credit loans such as installment loans don’t require you to have a perfect score to be approved.
In addition, installment loans can be repaid in predetermined amounts over six months, unlike other types of emergency loans, like payday loans, which must be repaid at a specific time. With some of the lowest interest rates on the market, paying back your loan in small installments is one of the best ways to get your finances back on track.
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What are the pros and cons of installment loans in Calgary?
Installment loans in Calgary, Alberta, are designed to help people through financial difficulties quickly and without prejudice. Installment loans are suitable for you if any of the below apply to your situation:
- Are unable to obtain a traditional loan from a bank for an emergency
- Need money within 24 hours
- Want a predictable repayment schedule
- Want to benefit from attractive interest rates
- Need to pay your loan over a few weeks or months
- Have a bad credit score
However, despite the pros of these types of personal instant loans, you must ensure that you have the financial means to repay the entire loan amount you borrow. Installment loans are not suited for people:
- With ongoing money issues
- Want to pay a loan back in one installment
- Who cannot afford high late payment fees if the loan is not repaid
These loans are issued to individuals facing short-term money problems and should not be used to finance non-urgent situations.
Do I need this type of loan?
Instant cash in the form of online installment loans is available for anyone looking to borrow money quickly to cover emergency expenses. If your credit score has been hurting your chances of getting access to other types of loans, then no credit check loans like these are the silver lining you’ve been waiting for. However, installment loans in Calgary are a last resort when all other doors have closed on you, and they should only be used to fund essential projects or last-minute emergencies.
Installment loans might be the right solution for you if you need extra cash for:
- Financing a last-minute home renovation project
- Paying for car repairs
- Making support payments
- Paying off medical expenses
While there could be numerous reasons for submitting a cash loan application, you should only borrow the minimum amount. Requesting too much increases the risk of being able to pay it all back on time and in full. Online loans are designed to help you work towards stability, and defaulting on your payments can cause you to fall further into debt, which could be detrimental to your financial situation.
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What are the eligibility criteria for installment loans in Calgary?
Send Me Cash Now has made the eligibility criteria straightforward, and we require minimal documents before processing a loan application. If you meet the following criteria, you are eligible for personal installment loans in Calgary.
- Are 18 years and over (a valid piece of photo ID)
- Are a Canadian citizen
- Work full-time and receive a steady income for over three months (payslips)
- Receive your pay through direct deposit
- Have an active Canadian bank account (bank statements)
- Are not bankrupt
Along with your online application, you must provide us with documents confirming your situation. While we aren’t interested in your credit score, we need to verify your identity and ensure you have the financial means to repay the entire amount you wish to borrow. The approval process for short-term loans is quick, and you will get our decision within 24 hours. If you meet the requirements listed earlier, the chances of approval for your application are extremely high.
What is the granting process?
The loan application process is quick and straightforward and is completed entirely online. You can submit your request at any time and from anywhere, and a member of our team will process it within 24 hours of receiving it. You’ll need a stable internet connection and a few minutes of spare time.
Complete the application form for installment loans in Calgary
Completing the online loan application form is straightforward. It will require you to enter some personal information such as your name, employer’s name and requested amount. You must also submit any documents requested to confirm your identity and employment status.
Our online form is 100% secure thanks to our use of the latest technologies. All your private information is confidential and will never be shared with third parties.
Review of application
After you have submitted your application, a member of our team will review your application within 24 hours. If approved, you will receive a convenient loan agreement that you will need to review, sign, and send back to us. You will find the loan terms and conditions in the borrowing agreement, including your repayment schedule and interest rate.
Transfer of funds
Once our online lenders have received the loan agreement, we will proceed with the transfer and deposit the funds directly into your bank account. Apply for a loan during working hours and receive the money the same day. You won’t pay a cent back until the money is in your account, for we don’t sneak hidden charges or opening fees into our contract.
Send Me Cash Now offers fast installment loans in Calgary today!
So when your finances are in turmoil, you have bad credit, and you need some extra money, Send Me Cash Now is there to help. We’ve been a trusted payday lender for over a dozen years, and we’ve been helping our customers access flexible financial solutions within 24 hours, no questions asked! So don’t wait. Submit your application for online installment loans in Calgary today!
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