There can be ‘n’ number of reasons why someone will need to avail fast loans. It might be a medical emergency that your medical insurance cannot cover, can be a sinking business that needs a quick investment to stay afloat — whatever your reason is, there are some loan agencies that can help you out in time of dire need. These companies have higher chances of accepting your loan request and take comparatively lesser time to process the loan request than banks.
Where banks take days to approve a loan, these fast-loan companies can accept your loan within minutes. It is very easy as well to apply for a loan. If you want to apply for a loan from a bank, you will need to fill up the necessary paperwork to apply. On the other hand, there are these fast loan companies from which, you can apply for a loan with a few clicks or simply with a phone call.
Facts about fast cash
These loans are mostly taken by people as desperate measures. Captaincash, a Canada based fast-loan agency offers these kinds of loans to Canadian citizens only. You can apply for these loans and for short-term purposes they will give you the cash you require. They take credit score in account, so you might want to check your credit score before applying for these loans. Even if your credit score is not flawless, i.e. if you have missed a few dates of paying loans before, it is not a big problem. They have a 92% acceptance rate, so you need not worry about a flawless credit record. This rate of acceptance is much higher than any of the banks and it says you can blindly bank upon them in time of dire need.
And last of all…
There are a few restrictions that you must keep in mind. There is a bar in the amount they lend — cash loans $500-$750 is the cap that they operate with. They also lend to adults who are Canadian citizens. You must be working personnel with a steady job and must be earning more than $1200 a month. To know more about the restrictions, consult their website. If you are eligible for the loan only then you should apply. This company also does not lend if you want to fulfill your long-term needs with this short-term loan.