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However, these traditional financial institutions come with their drawbacks. This is a fair assumption, as many people’s natural instinct is to visit one of these outlets when money is needed. When it comes time to borrow money in Canada, you may automatically assume that banks or credit unions are the places to go. What’s more, they are designed with the intention of assisting you – not putting you further into debt. In reality, instant cash loans bring with them a number of positives. You may even question whether they are an effective solution for the unexpected financial challenge you may be in the midst of. We understand that if you haven’t looked into instant decision cash loans before, you might wonder about how advantageous they can be for you. They are widely available across the country and meant to put money in your pocket sooner than later.Īdvantages of Instant Cash Loans in Canada What makes these loans such a great idea is their convenience. For every $100 borrowed on a two-week term, you are responsible for fees of 15% to 25%, depending on the province you live in. Cash loan companies have different repayment deadlines, but generally you will be given one to three pay cycles to settle your loan. With this kind of loan, Canadians can borrow anywhere from $100 to $1,500 at a time. Regardless of what the funds are needed for, there are many options in Canada available to you.Įasy cash loans are provided by direct private lenders like iCASH.
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It could be for an unanticipated addition to this month’s household expenses, a family vacation, or to invest in that new business you hope to launch soon. Every now and then we all need just a little bit of extra cash for something really important.