Frequently Asked Questions

Our whole application process is 100% online. It takes 2-3 minutes to complete, and you can get the money within a few minutes. We only need basic details from you to make the process shorter and less time-consuming. Whizz provides a fast, easy, and convenient lending experience.

You can apply through our straightforward online application form. You can also access our application using any smart device like a mobile phone, tablet, or laptop anywhere and anytime.

You can apply for our online loans 24/7, including weekends and all public holidays.

• Be at least 18 years old.
• Canadian citizen or permanent resident.
• Must earn income as a salary or government benefits.
• An active Canadian bank account with the facility of Electronic Fund Transfer or Interac e-Transfer®.
• Ability to repay the loan on the agreed date.

If you meet the above eligibility criteria, you are eligible to apply with us.

We're 100% online and paperless. When you receive your loan offer via email, you'll accept it by electronic signature (e-Sign) and email it back to us.

If your primary source of income is from government benefits, we will still aim to assist you to borrow money. We have lenders who accept the payments from benefits as a regular source of income to approve a loan. AISH, EI, CPP, CCTB, ODSP, and other disability income are some examples.

In most cases, we run soft credit checks while assessing loan applications. Luckily, it doesn't affect your credit score. However, we have lenders who offer bad credit loans, and they are more interested in your repayment ability than your past credit histories.

• Proof of income, such as a pay stub or benefits letter.
• Valid bank account details.
• Government-issued ID like driving licence.
• Age of majority in your province.
• Proof of Canadian citizen or permanent resident.

Generally, all lenders directly deposit the money in your bank account after loan approval.

Once your application is approved, lenders transfer the money through Electronic Fund Transfer (EFT) or Interac e-Transfer® directly to your bank account. Usually, it takes 5-10 minutes, depending on your banking clearance system.

At Whizz, we process applications 24/7 online, including bank holidays in Canada. You can apply for weekend payday loans, and if your application is approved, your lender deposits the cash to your bank account via e-transfer, no matter what day or time it is.

The cost of a loan depends upon the loan type and the lender you choose. Whizz shows you all the options you can easily compare to find the best deal.

Loan repayments are directly debited from your bank account on an agreed date, usually on your next paycheck. You may review the repayment schedule on your loan contract.

It is essential to contact your lender as soon as you realize that you can't able to make repayments of your loan on time. Your lender might impose late-payment penalties, but in most cases, lenders have a positive repayment plan.

Yes, there are no penalty fees or charges for making payments earlier. Whizz always recommends paying off your loan early and saving some dollars on interest.

Yes, if you have already paid off your previous loan in full, you can apply for a new loan.