Guaranteed Payday Loans Canada
Need cash as soon as possible? Are guaranteed payday loans is the answer? Let's deep dive in to the topic with Whizz!
- *Whizz is an independent comparison website, not a lender or a broker.
- *Applying won't affect your credit score.
- *All loans are subject to creditworthiness and affordability checks.
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Borrow $100 to $5k
You are free to borrow as min $100 to max $5000 with long repayments terms.
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Our loan specialists are always ready to help you throughout the whole process until you get approval.
Do guaranteed payday loans exist in Canada?
Guaranteed payday loans are a notion that promises more than it can actually be delivered. In reality, guaranteed payday loans in Canada are not available. Typically, payday loans are short-term and high-interest unsecured loans ranging between $100 and $1,500, due until your next paycheck.
The 'guaranteed' part is somewhat of a misnomer because no lender can provide anybody with 100% guaranteed approval for payday loans. There are some conditions, eligibility criteria, and lending regulations that every lender has to follow while making a loan decision.
However, at Whizz, we offer a wide range of short-term loans and payday loans that are highly flexible and come with the highest acceptance ratio, up to 97.98%. It means our 9 out of 10 applicants get loan approval, which is close to "guaranteed payday loans," right?
Guaranteed Payday Loans No Matter What In Canada 24/7- Money Miracles Await…
Technically, there is no such thing as a guaranteed payday loan, no matter in Canada. Do not dabble with its glitter illusions of guaranteed approval. Every reputable lender in Canada is bound by some regulations and lending requirements that must be met, and if not met, the applicant is declined for a loan.
While searching the internet, you might notice that some lenders advertise offers like "guaranteed loans or payday loans in Canada, no matter what." Beware of them and take them as skepticism because they may scam you.
At Whizz, we offer high acceptance, quick decision, and instant-approved payday loans online in Canada. We have a a wide range of lenders with almost a 97.98% approval, making it a standard option for payday loans with guaranteed approval, even if you have a bad credit history.
We never offer guaranteed approval payday loans, but you can apply online 24/7 with us from anywhere and get guaranteed instant decisions in a few minutes. The loan amount typically ranges from $100 to $1,500, depending on your lender and affordability level. If you get loan approval, the loan amount will be credited to your bank account within 2-5 minutes* by the fastest e-Transfer.
Increase your payday loan approval chances to almost "guaranteed."
- Double-check the eligibility requirements before applying: Getting approval for a payday loan is more challenging than traditional bank loans. However, some payday lenders have their unique eligibility requirements than others. Before applying, make sure you can meet all your lender's requirements.
- Ensure you fill out the application correctly: Don't rush and take your time to avoid errors or missed information while filling out the loan application. Remember, a single mistake can cause your payday loan to be declined.
- Try to improve your credit score: Good credit opens too many credit options, and lender approves your loan faster. Check some tested ways to quickly improve your credit score, such as reviewing your credit reports, getting a handle on bill payments, limiting requests for new credit and padding out a thin credit file. However, you can apply for payday loans for bad credit because payday lenders usually focus more on your ability to repay the loan than your credit score.
- Have a regular income: Earning enough money increases your loan approval chances. Regular income demonstrates to your lender that you can repay your loan on time. Regardless of your credit score, you can qualify for payday loans if you earn regular and stable income every month.
Ready to apply? You must meet the following requirements: –
- Your age must be 18 years or older.
- Must be a citizen or resident of Canada.
- Have a Canadian bank account attached with Interac e-Transfer®.
- Have a regular income earned from regular employment or government benefits.
- A valid mobile phone number, email address, and residential address are required.
- Ability to repay the loan on the due date.
Please remember that the above eligibility requirements are common and basic and might differ from lender to lender. Before applying, ensure you can match them for hassle-free application and approvals.
Payday loans almost approved in Canada- How to apply for it?
At Whizz, we do not offer you "guaranteed" approval loans, but our payday loans come with easy approval and seem the closest option to "guaranteed payday loans." You can apply online in minutes and get guaranteed instant decision and funding.
All you need to follow our simple 3-step online application mentioned below:
- Apply Online: Fill out our simple and secure application form with your required details. It will take your few minutes.
- Accept Offer: If approved, accept your payday loan offer by electronically signing it and email back to us.
- Receive Funds: Our real-time funding will ensure that your funds will be transferred to your account via e-transfer as soon as possible. Usually, in under 5 minutes, you get your loan amount, so you start using it immediately. Subject to your banking clearance.
No refusal payday loans Canada- Real or not?
In reality, no refusal payday loans is a sibling of guaranteed payday loans, and both are myths. If you find payday lenders advertising payday loans with no refusal, ignore them. "guaranteed" or "no refusal" are tempting words to attract borrowers, especially those with bad or no credit.
Such a term suggests that regardless of your current financial situation and whether you can afford your loan, the lender will approve your payday loan application.
The excellent news is that Whizz has some reputable lenders offering easy approval payday loans in Canada at lenient eligibility compared to traditional bank loans. It means you may still qualify for a payday loan with us even if you have a bad credit score or no credit history. Our payday loans are the closest option to what says "no refusal loans" in Canada.
When should you avoid guaranteed payday loans?
Whether your lender offers 100% guaranteed approval payday loans or not, there are some situations in which you have to avoid them. Typically, payday loans and any other short-term loans are offered at whooping interest rates, and if you can't afford them, it ruins your financial status.
Avoid applying for a payday loan if:
- You have no confidence to repay it: If your income is unstable or you can't trust it to afford your loan repayments on time, don't apply. Payday loans come with late or missed payment penalties that will lead to extra charges and increase the overall loan cost.
- Don't accept skeptical loan offers: Before applying for a payday loan, thoroughly check your offer, especially loan terms, interest rates, and other fees. Don't accept your loan offer in a rush and skip offers that cost you more and don't match your cash needs.
- Avoid loans at bad terms: You are not bound to accept a loan offer; if you find that a loan offer costs you high and is associated with lots of fees, decline it or try negotiating with the lender. The best way is to compare as many lenders as possible with each other and find out the best loan deal under your budget.
Guaranteed Payday Loans Canada- FAQs
Are payday loans at Whizz guaranteed approved?
Yes, but as long as you meet your lender's eligibility criteria and other requirements. At Whizz, we have payday lenders offering closet payday loans to guaranteed approval with 97.98% highest acceptance rate. It means your loan approval chances are higher, even if you have bad credit scores.
Can I get a guaranteed $100 loan in Canada?
Yes, chances of getting a guaranteed $100 loan in Canada are possible at Whizz. The amount is small and relatively easy for lenders and borrowers to manage. You can apply for a $100 payday loan online as it is easy to get approval, and you can receive funds on the same day of approval.
Can I get guaranteed payday loans in Canada using ODSP?
Yes, many lenders at Whizz offer ODSP payday loans online and, if approved, e-transfer your funds within a few minutes. Usually, payday lenders accept various forms of income, including government benefits such as ODSP payments, allowing them to apply for a payday loan. However, remember, guaranteed approval is a myth not offered by trusted and reputable lenders.
Can I get a guaranteed payday loan in Alberta?
Guaranteed payday loans don't exist in Alberta, Quebec, and across Canadian provinces. Every lender has to perform various affordability checks before issuing a payday loan in Alberta. Every applicant must meet a set of rules and eligibility requirements to get a loan approval. If not, the application is declined by the lender.
Can I get a guaranteed payday loan if I am unemployed?
Whizz does not offer "guaranteed" or "no refusal" payday loans. However, if you are unemployed and receiving payments from unemployment benefits such as Employment Insurance, you may still qualify for a payday loan for the unemployed in Canada.
Can I get guaranteed approval for payday loans with no credit check?
The short answer is yes. In most cases, payday lenders skip the traditional credit checks to provide payday loans with no credit checks. However, you must prove to your lender that you can afford your loan on time. No reputable lender offers guaranteed approval payday loans in Canada; if you find some, don't apply.
How much can I borrow?
The maximum loan amount depends on your lender and your ability to repay. Typically, payday loans range from $100 to $1,500 in Canada.