Viva Payday Loans Review

Is Viva Payday Loans legitimate?

Viva Payday Loans is run by Payday Ventures Limited, a lead generation company with a registered office address in London, UK. We don’t recommend searching for a loan with Viva Payday Loans for a few reasons:

• Not actually payday loans. In Canada, payday loans are short-term loans of up to $1,500 that may be repaid over a term of up to 62 days. Despite the name of the business, Viva Payday Loans says it offers access to loans of up to $5,000 that can be repaid over 61 days to 72 months.
• Missing registration. We couldn’t find Viva Payday Loans in Canada’s Business Registries.
• Missing contact information. We couldn’t find an office address, phone number or email address on its website.
• “No refusal.” One page on the Viva Payday Loans website mentions that you can use the platform to obtain “no refusal payday loans.” However, responsible lenders will need to assess your income to determine whether you can afford to repay a loan, and promising guaranteed approval can be a sign of a loan scam. Learn more in our no refusal loans guide.

Alternative: Cash advances

Instant Transfers

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$75 Reward

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T&Cs apply

• 0% + monthly fee from $2
• Borrow $20 – $500
• Flexible terms
• No credit check

High Maximum Limit

Bree Early Pay

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• 0%
• Borrow $20 – $750
• Repay within 90 days
• No credit check

Builds Credit

Nyble Credit Line

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• 0%
• Borrow $30 – $250
• Repay within 31 days, extendable
• No credit check

What do reviews say about Viva Payday Loans?

There are limited Viva loan reviews online. Most reviews we found were on Reddit for the US version of the Viva Payday Loans platform, with reviewers commonly complaining about high interest rates and fees.

What is the Viva Payday Loans application process like?

You can request a loan through Viva Payday Loans by completing the following steps:

1. Visit the Viva Payday Loans website.
2. Choose your desired loan amount and loan term before selecting Request funds.
3. Select the purpose of your loan and enter your email address.
4. Enter your name and date of birth.
5. Enter your credit score and indicate whether you authorize a credit check.
6. Enter your residential address and how long you’ve lived there.
7. Provide your rent/mortgage details.
8. Enter your income and employment information.
9. Read and accept the terms and conditions and privacy policy.
10. Submit your loan request.

You’ll also need to verify your identity. Viva Payday Loans will process your application and connect you to an independent third-party lender who can fund your loan.

Eligibility requirements

Although eligibility criteria vary between lenders, Viva Payday Loans lists the following general requirements:

• 18 years or older
• Canadian resident with a permanent address
• Canadian bank account holder
• Regular monthly income of at least $1,000
• Valid SIN

Features of Viva Payday Loans

Viva Payday Loans says it offers the following loan features to borrowers:

• Loans of up to $5,000. Loan amounts from Viva Payday Loans range from $500 to $5,000.
• APRs of up to 35.99%. Loan APRs range from 5.99% to 35.99% for qualified customers.
• Same-day funding. You can apply, get approved and get funded for Viva loans within 24 hours.
• Free service. Viva Payday Loans does not charge you any fees for using its service.

What to watch out for

• Not a lender. Viva Payday Loans is not a lender but instead connects you with lenders who are willing to work with you. If you take out a loan, you’ll be dealing with a third-party lender.
• High cost of borrowing. The third-party lending partners of Viva Payday Loans offer loan APRs of up to 35.99%. Make sure you’re aware of the total cost of borrowing before signing a loan contract.
• No phone number or email address provided. If you have any questions about the application, contacting them might be a challenge.
• Limited to its network. When you apply for Viva loans, you’re limited to its network of third-party lenders. This means there may be other loan products on the market that better suit your needs.
• No comprehensive list of lending partners. We couldn’t find a list of lenders in Viva’s partner network.
• Credit checks. If you give permission, Viva Payday Loans partner lenders may conduct a credit check. Keep this in mind if you’re searching for no credit check loans.

Bottom line

Proceed with caution if you’re thinking of applying for a loan through Viva Payday Loans. Viva Payday Loans is not a lender, but instead connects you to other lenders, brokers and marketers in its network. We recommend looking elsewhere if you need an emergency loan.