Getting an instant loan in Canada has become much easier these days due to the advancements in technology. While the traditional lenders are still accessible through banks and similar sources, getting same day loans is now quicker and easier in Canada.
Fat Cat Loans is one of the leading Canadian online loans providers that provides various options of flexible and affordable loans. We work with the most reputable online lenders in Canada and have helped thousands of Canadians to get back on track with their financial needs.
There are many factors to consider when choosing the right instant loan.
FatCatLoans Canada Application Process
After you have decided on the best borrowing option and lender that suits your needs, it is time to apply. Applying online is the easiest way to get quick loans in an instant. We can match you with the best loan offer and help you get the funds you need. In addition, we have created a quick application process (and in some cases with no paperwork or no credit check required) to save time and money when looking for a personal loan in Canada.
Step 1: Complete the online application
Submit your personal details on our online application. The entire process should take between 1 and 5 minutes often with an instant decision online.
Step 2: Gather all the documents you need
You should gather all required documents after submission. These documents could include bank statements, proof that you are employed, or an I.D. issued by the Canadian government. In addition, you should gather all the information you need to respond to any additional questions your lender may have.
Step 3: Monitor your email, and answer your phones
This step is essential for people who need a fast approval. After you have submitted your application, you must wait for a response from the lender. This could be an email, a phone call, or a text message, depending on which Canadian lender you are matched with. It would help to keep an eye on these to ensure you don't miss any communication. Finally, you must respond promptly to your lender and give them exactly what they need. Being helpful will ensure that the process runs smoothly.
Step 4: Wait for approval
Waiting for a lending decision shouldn't take too much time. You should expect to receive an instant response from a Canadian lender, however, in some circumstances it could take up to 48 hours. This can vary from one lender to the next, so it is important to remember that. You can always reach out to the lender if you have any questions about the online loan application status.
Step 5: Get funds
Following your loan approval, you will be able to receive your funds. This process can take up to one to three business days, depending on the lender. In most circumstances your money will be transferred to your Canadian bank account directly, alternatively you may choose to receive a cheque.