LoansLoans.ca is a brokerage services company that connects borrowers with third-party lenders offering quick, short-term personal loans and payday loans. Fill out an online application, get a decision within an hour, and receive your money within 24 hours.<\/p>
LoansLoans.ca is operated by NCR Financial Services, a company that\u2019s registered in Quebec and has been in business for over 15 years. NCR is licensed as a payday lender in Ontario and BC at the time of writing (licence number 73237 in BC and licence number 4737270 in Ontario).<\/p>
| Feature<\/th> | Short-term installment loan<\/th> | Payday loan<\/th><\/tr><\/thead> |
|---|---|---|
| Loan amount<\/td> | $500 \u2013 $1,000<\/td> | Up to $1,500<\/td><\/tr> |
| Loan term<\/td> | 3 - 12 months<\/td> | By your next payday, up to 62 days<\/td><\/tr> |
| Interest rate<\/td> | 28.00% - 32.00%<\/span><\/td> | $14 for every $100 borrowed in Ontario, $14 for every $100 borrowed in BC<\/td><\/tr> |
| Fees<\/td> | Late payment fee, $45 NSF fee, broker fee<\/td> | Late payment fee, NSF fee<\/td><\/tr> |
| Basic eligibility criteria<\/td> | $1,200 min income paid by direct deposit, employed for at least 2 months<\/td> | $1,200 min income paid by direct deposit, employed for at least 2 months<\/td><\/tr><\/tbody><\/table>What are the benefits of a short-term loan from LoansLoans.ca?<\/h3>What should I watch out for?<\/h3>Alternatives to LoansLoans<\/h3> |