What is a Loan Application?
A loan application is the form and details you give a lender when you ask to borrow money. The application usually covers your ID, income, and bank account information. A complete and accurate application helps the lender review your request quickly, so you get a decision, and your money, sooner.
What Do I Need to Apply?
Have a few things ready before you start:
- A valid government-issued ID. You must be at least 18 years old, or 19 in some provinces.
- An active chequing account for deposits and repayment.
- Proof of regular income, such as employment, EI, CPP, or other accepted sources. Learn how income verification works.
How Does the Review Work?
Speedy Cash Canada does not run a traditional credit score check. The review focuses on your income and your ability to repay, so people with less than perfect credit are welcome to apply. Decisions are quick, and many applicants hear back within minutes. Curious where you stand first? Read about pre-qualification.
What Happens After I Apply?
Once approved, you review and sign your loan agreement, then choose how to receive your money. Funds arrive by Interac e-Transfer or Instant Debit Card Funding. In most cases, funding is available within 30 minutes after approval.
Where Can I Apply in Canada?
Apply online in Alberta, British Columbia, Manitoba, New Brunswick, Newfoundland and Labrador, Nova Scotia, Ontario, and Saskatchewan. Prefer to apply in person? Visit a store in Alberta, British Columbia, Nova Scotia, or Saskatchewan. Amounts, costs, and eligibility vary by province.
Summary
A clear loan application helps you get a fast, informed decision. Gather your ID, account details, and proof of income before you start. When you are ready, you can apply for a payday loan online or stop by a nearby store.