These days, starting up a business could be as stressful as it is expensive. Ever needed instant cash to quickly settle an emergency bill or start up a business but don’t have enough or can’t because it’s not payday yet. These days the need for money keeps growing as bills and all sorts of emergencies keep coming up, but often we don’t have enough to settle.
Digital lending apps are preferably the best and fastest way to get loans. At the end of this post rest assured, you will find the perfect lending app that suits your financial policies.
Instead of you having to go through all the stress of looking for an ideal lender, we did all the work for you and came up with 11 of Canada’s finest digital lending and fast loaning apps, that have the best policies and most affordable rates.
Alpine Credits
One of the most credible lending platforms in Canada, AlpineCredits has been helping Canadians obtain home equity loans for over 50 years.
They use the credit rating system as the qualifying criteria for loan eligibility.
Factors for loan eligibility according to credit ranking includes;
•Employment rate
•Payment of credit card debt on time
•Self employed
•Ownership of a property
•Payment of bills, etc.
AlpineCredits provides eligible customers with a variety of financial options including first, second, and in some cases, third mortgages. They also give loans for starting businesses, debt consolidation, home renovation, college tuition, and many more.
LoanGuys
An online app that lends to investors at the most competitive rate in the industry all without the hectic stress and documentation of the bank.
Their loan application is quick and easy and your loan could be delivered in less than 2 weeks. After completing the rapid form and submitting details, a loan agent would call to finalize your application and would verify within a day.
All these are without the need for income verification, tax returns, W2s, or even pay stubs.
Having been featured on top business magazines like Forbes, Entrepreneur, WSJ, NAMB, and more, LoanGuy is the best loaning app to lend from if you need instant cash to start up that business or pay off that loan or even tuition fee.
24Cash
This is an instant digital loaning app that provides instant loans for people in less than 24 hours.
24Cash was established as a way to help Canadians financially without the stress or documentation process as banks do. After application and verification, you would be credited directly within 24 hours without any credit investigation, documentation and can repay within 90 to 150 days.
They provide short-term loans to help you tackle financial emergencies or provide basic needs before your next paycheque.
iCash Loan App
This is an online payday loan app that operates in Canada and loans customers up to $1500 cash for financial aid.
Their interactive app helps set you up the right way and verify your identity within 10 mins, then you would be credited within a day. The application provides an instant decision which when approved you are to sign an electronic contract. With this contract, you have access to instant fast, and safe loans on the go anytime anywhere.
FricToday
FricToday is an online lending platform that provides eligible Canadians with quick loans to help solve their financial problems before payday.
They understand the rising need for financial aid and have been helping people with instant payday loans since their establishment. Quick and efficiently providing customers with cash between $300 – $1500 transferred directly to your account.
Their minimum requirement includes; being Canadian, 18yrs and above of age, be employed for at least 3 months under the same employer, receive income by direct deposit. If you meet up with all the criteria you can fill their application form and rest assured to get your loan within 24 hours with no documentation needed.
Royal Finances
With over 10 years of excellent service and a shared commitment with customers providing short-term loans and financial assistance, Royal finances have become one of Canada’s most reliable lending platforms.
Royal finances have made obtaining of loan as easy as possible and installment payment is allowed to help ease the burden of debt.
They understand how short-term loan interest rates can be high and have tried to reduce the rates making them affordable for customers. They also provide loan renewals and a wide range of loan options to select from. Royal finances provide investment plans and help customers manage and grow their finances.
DCU
An impactful brand committed to growing the community by providing snall businesses with short-term loans and investment plans to set them up.
DCU stands out because it treats customers like family, is always open to feedback, and looking for new ways to expand. They provide financial education and help customers balance their finances thereby leading them to financial freedom through various business programs and investment schemes.
Their brand spreads across Canada and the USA helping millions of people with short-term loans and guiding them to financial freedom.
Credit700
This is an online lending platform that provides short-term loans for customers across Canada.
Credit700 gives out instant cash loans to applicants who are qualified for loans and help set you up financially.
With an easy-to-operate app, payday loans can be applied for and gotten within 24 hours without any documentation or proof of income, just an easy 3 step identity verification.
CreditBench
A digital lending platform established by First Home bank to provide customers with instant loans on the go without the need of owning a First Home bank account.
Holding onto a bold vision of continuous growth, CreditBench provides loans under $350,000 to help businesses or personal investments. Having helped over 10,000 businesses with quick SBA loans, they have helped start and maintained small businesses through flexible plans and investment options.
CreditBench definitely tops the list of lending platforms thanks to the strength of an established bank with high customer experience helping it grow and stand out as a top digital lending platform.
TheLenders
The Lenders is a private digital platform that provides businesses, and persons with loans and home equity.
They provide a range of lending services- cash loans, business loans, tuition loans, home equity loans with bad credit- that makes it easier for you to get cash loans without worrying too much about bank rates or interest on return.
The lender is a developed company that has spread its wings across the USA to Canada helping locals start-up profiting businesses and saving them from financial mismanagement.
GoPeer
An app that connects Canadians looking for loans with those looking for investments. This platform pairs investors with strong and profitable businesses looking for financial aid.
If you are an investor looking for the right business to invest in then this app is perfect for you as GoPeer carefully selects businesses with potentials but don’t have enough funds to start up and present them to you for cash lending to help them gain ground.
Also suitable for small business owners looking for a loan in Canada. The app graded your business proposal or loan request and helps you look for the right investor to lend you the right amount and give you the support you need.
Sometimes getting the right place to lend money from can be hectic, but this list has done just that giving you the right direction to follow. With digital apps that provide loans for your financial troubles all without the overpriced interest rates like banks. These apps have flexible plans for easy payback leaving you happy and financially free.
