Payday loans Canada: Saying no to financial woes

Feb. 19, 2010 - PRLog -- Payday loans help the loan seekers to meet their need of funds within a timeframe of few hours. These loans are of great help when you do not have any other source to rely on and a need of cash is instant. This option has become a favorite choice for all those Canadians who looking forward for quick loan approval, easy transaction, less documentation, no collateral and no credit check.  

Payday loans Canada are collateral free as no valuable asset is required. The borrowers who cannot arrange or do not have collateral can opt for this loan. The bad credit holders such as CCJs, IVAs, arrears, defaulters, bankrupts, etc are eligible for availing the loan to meet their urgent cash needs.  

These benefits can be enjoyed by any citizen of Canada who has attained a minimum age of 18 years and working in some reputed organization or firm from past 6 months. Availability of active bank account is necessary as required cash transactions have to be carried out. Any outsider or non-Canadian can not avail the benefits of payday loans as it is applicable for only true Canadians.

After accomplishing all these formalities, the borrowers can avail a small amount ranging from CAD100 to CAD1500 for a short period of time say 7-31 days. The repayment period is decided on the basis of borrower’s upcoming salary or pay day. The loan amount has to be repaid back on time otherwise borrower has to pay penalty fees. The interest rate charged on cash advances is slightly higher than personal loans. This is because lender is worried about his money.

Online mode has ruled the physical market as with a click of few buttons, the borrowers can find competitive deals available in the market. For comparing the quotes, online calculators are of great help as it provides the best result on which a person can decide which deal is more beneficial.  

Lastly, payday loans Canada are considered as an ideal financial solution for tackling your financial crisis.  

Simon Ray is financial advisor of Cash Advance Loans Canada.For any query regarding cash advance canada, cash loans for unemployed visit http://www.cashadvancepaydayloansca.com

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Simon Ray is financial advisor of Cash Advance Loans Canada.For any query regarding cash advance canada, cash loans for unemployed visit http://www.cashadvancepaydayloansca.com/cash_loans_for_un...