How can you get an online cash loan with 24Cash.ca?

Have a question about online instant approval loans? We have the answers.

What are the eligibility requirements?

  • 18 years or older
  • Canadian citizen
  • Have a steady job - at least 3 months
  • Low short-term debt ratio
  • Must not be under an undischarged bankruptcy or plan to do so
  • Monthly income of at least $1,200
  • Have a Canadian bank account for direct deposits
Loan request

What is a paperless request?

Our online approval loan service does not require any paper documents. We also offer an e-signature for your contract. All we get to see is your bank account information in order to give you your loan. It's paperless and fast. Loan request

What is an instant verification?

I don't know about this service. What is it?

Through the instant verification service, we are able to get the information that allows us to quickly make a decision about your loan request. We will then be able to validate your identity and obtain a copy of your bank statement from the last 90 days. This eliminates the long and complex paper delivery process. It is the safest and fastest way to get your online loan. Our mission is to provide you with a discrete service and a quick answer. Loan request

Can you see my password information?

No. Your username and password are not visible to us. They are only sent to your bank. If your identification information is accurate, we will receive a copy of your bank statement which will allow us to evaluate your loan request. Loan request

How can I make sure this is not a scam to get my personal information?

Our system was specifically created to simplify the loan request process. This system works according to the highest safety standards, the very ones used by banking institutions. Loan request

What will you do with my information?

Your information will be transferred directly to your bank in order to identify you. We will receive a copy of your bank statement from the last 90 days. Your identification information will not be displayed or stocked. Loan request

I prefer to use the traditional delivery process.

You can send us your documents by email or fax. However, the instant verification is much faster, more confidential and allows us to evaluate your request in only a few minutes. Still worried? Please call our agents, they will be happy to answer your questions. Loan request
Loan request

In which case could my application be refused?

  • Unstable employment
  • Undischarged bankruptcy
  • Incorrect information provided online
  • Numerous insufficient funds or other charges in your account
  • Bad liquidity ratio
*This list is non-exhaustive and your loan request could be refused by our evaluation department for other various reasons.
Loan request

What is your interest rate?

Lending companies partnering with us offer an approximate annual interest rate of 28% to 32%. If unpaid, the applicable interest rate is 2.66% monthly, which is 32% per year. You will also be charged a broker fee. Loan request

What is the loan cancellation deadline?

We must receive the borrowed money within 48 business hours, either by preauthorized debits or by Interac transfer. Your loan will be cancelled once we receive the entire payment. Loan request

Which provinces are eligible?

All Canadian provinces are accepted except Manitoba, Quebec and Saskatchewan. Loan request

What happens if I miss a payment?

Our collection agents will contact you to make payment arrangements and settle the situation. Loan request

What is the maximum amount I can borrow?

The first loan is a maximum of $500. Your first renewal must not top $600, the second renewal cannot be over $700 and the third and fourth are $750 max. Loan request

When will I get my loan?

If your request is accepted and you sign the contract before 11:30 am EST, the funds will be deposited in your account by the end of the day. If your request is accepted after 11:30 am EST, you must wait up to 24 business hours. Loan request

How can I make a request?

You can apply online or by phone at 1-866-646-4769. An agent will fill out the request with you. Loan request

How do I proceed if I switched to another bank?

Send us a void cheque and an agent will modify your information so that your next payments will be withdrawn from your new account. Loan request

What are the penalties for insufficient funds?

In case of insufficient funds, you will be charged a $40 fee. You can delay a payment by paying an administrative fee of $25. Loan request

How can I sign my contract?

You only need to send us an electronic signature. There are no paper documents required. Loan request

When can I renew my loan?

You are eligible to a renewal when your balance is below $150. Loan renewal

What happens if I fail to make a payment?

Your debt will be sent to collection. If unpaid, the interest rate is 2.66% per month (32% per year). Loan request

What is the difference between a payday loan and an online cash loan with 24Cash.ca?

When you request a payday loan, you have to repay the full amount of your loan plus the interests on your next payday. With 24cash, repay within 3 months, in 3, 6 or 12 payments, depending on the frequency of your paydays. Loan request