Fill out our easy to use online application form. Once we receive your application you’ll receive a response within the hour.
PREPARE YOUR DOCUMENTS
To help speed up the loan process, have your required documents available.
GET YOUR CASH
Fully approved and verified applications are usually funded and in your account within 24hrs.
Why Choose NCRLoans.ca?
Emergency cash when you need it most. A short-term loan can help you and your family meet unexpected expenses or simply get you through to the next paycheck. Short-term loans can also help you avoid late payment fees, utility reconnect fees, NSF and bank overdraft charges.
Super-fast approvals. After you have completed our easy online application form, you will receive an immediate response. If your loan application has been approved, we will guide you step-by-step throughout the process until the money is deposited into your bank account.
No credit check when applying. NCRLoans.ca is an option for people with all types of credit. Unlike traditional loans, our short-term loan application does not require a credit check. We simply verify your employment and banking information.
Money available within 24 hours. Fully approved and verified applications are typically funded the next business day. Some loans may be eligible for same day funding. Please make sure you are available via phone and email in the event more information is required.
No. To be eligible, your salary must be paid by direct deposit. Some exceptions may apply.
What are the rates and fees charged?
Lenders that we work with offer the following:
An annual interest rate of 28 to 32% (APR).
In case of payment default, the applicable interest rate is 2.66%/month, meaning 32% per year (APR).
In the case of insufficient funds (NSF)/returned payment, the fee is $45.
You can delay a payment by paying an administrative fee of $25.
Loans defaulted on by customers who show no willingness to co-operate in trying to solve the issue shall be sent to collections for further processing and possible legal action.
A brokerage fee is payable once you qualify for and accept a loan we find for you.
Can I pay off my loan early?
Yes. You can pay off your loan anytime before your due date without any extra fees or penalties.
Why would I want a short-term loan?
You might think of getting a short-term loan as a financial tool to use as an alternative to bouncing checks, making late payments and hurting your credit rating. It may also allow you to meet unexpected expenses or provide a short-term cash need between paychecks. Don't forget, it is not made to be a long-term solution for managing your finances. Exaggerated use of short-term loans may create financial hardships. Please borrow responsibly.
What are the criteria for getting a loan?
You must be 18 years or older.
You have an after tax (Net) salary of at least $1200.00 per month.
You have been employed with the same employer for the last 2 months.
You are a Canadian resident.
You must have a Canadian bank account.
You are paid by DIRECT DEPOSIT.
You must not be in a bankruptcy or a consumer proposal.
You must not be planning to declare bankruptcy or a consumer proposal.
Standard re-payment terms: 3 months (min 84 days / max 90 days)
12 weekly payments
6 bi-weekly payments
6 semi-monthly payments
Maximum Loan Amount: $1000
Minimum Loan Amount: $500
Maximum APR: 32%
Cost of Credit
The chart below represents illustrative examples of the cost and payment schedule of a $720 personal loan.
Installment Loans: Bi-Weekly Customer = Six (6) Payments
Annual Percentage Rate
Total of Payments
The cost of your credit as a yearly rate
The dollar amount the credit will cost you
The amount of credit provided to you on your behalf
The amount you will have paid after you have made all payments as scheduled
Payment Schedule Based on August 5, 2016 Loan Origination
Amount of Payments
When Payments Are Due
** Disclaimer: This Consumer Installment Loan Rate Schedule provides an illustrative example of a typical extension of credit we offer to qualified applicants. The APRs noted above are for a $720 loan repayable in six bi-weekly payments. The terms listed in this Consumer Installment Loan Rate Schedule may be offered for only a limited period of time and may differ from your loan agreement.Rates are current as listed and are subject to change. The rates displayed do not represent a loan approval or commitment to lend. The actual fees, costs and monthly payment on your specific loan transaction may vary and may include additional fees and costs. You should always seek competent professional advice prior to engaging in any financial transaction.
"I fell on hard times 3 times last year. I tried going to my bank to get a loan but because of my bad credit history I was denied. If it was not for NCRLoans.ca I would have lost several things that are very important to me" ~Liam B., Ottawa, Ontario
"I was very happy with the high level of service at NCRLoans.ca. Talk about fast, friendly service. Wow!" ~ Lea B., Montreal, Quebec
"NCRLoans.ca really helped me to get a small loan when I needed it the most, I tried to get a small loan from my bank, but they don't lend small amounts and I could not get approved for a larger loan. They make a big difference helping out people with needs for a small short term loan." ~Olivier P., Quebec City, Quebec
"I was a good customer at my bank for 10 years, but clearly I was not good enough to get a small personal loan from them. I am really grateful that companies like NCRLoans.ca still work with working class folks like me." ~Stephanie C., Montreal, Quebec
Testimonial Disclaimer: Testimonials found on this site are examples of what we have done for clients, and what some of our clients have said about us. However, we cannot guarantee the results in any case. Your results may vary and every situation is different. No compensation or benefit is ever provided in exchange for testimonials.