When a cash emergency arises, sometimes you can’t wait. If you’re looking for fast loans, we’ve got you covered. Captain Cash is the premier choice for getting a payday loan in Ontario.
Are you new to cash loans? If so, don’t worry. We’ll explain how you can get quick, no credit loans within the same day! Keep reading to find out more.
What Is a Payday Loan?
If you’re new to the world of online loans, you may not fully understand what they are. Basically, cash loans are funds that you can get from a lending company. The money is given to a borrower with the expectation of repayment.
Interest is applied to the initial loan amount, so you will pay back a bit more than what you borrowed. Also, cash loans are short-term.
They’re not meant to be extended for long periods, which is why they’re referred to as payday loans. The lending company expects repayment to start on your next payday.
Fast Loans: How to Get a Quick Captain Cash
We understand that when you need money, you need it fast. That’s why we offer same day cash loans.
If your application is approved by 2pm EST, we’ll send the money to your account the same day! Even if you’re approved after that time, you’ll only have to wait 24 hours to receive funds to your bank account. The application process can be done online or by phone. Here’s the eligibility criteria:
- You must be 18 years or older
- You are a Canadian Citizen
- You earn over $1200 and get it via direct deposit or by cheque from your employer
- You are not in the process of filing bankruptcy or consumer proposal
- You must have a Canadian bank account that’s been active for at least three months
Unfortunately, there are some factors that will disqualify you from getting approved for a loan. The below factors make you ineligible:
- You’re self- employed
- You receive disability
- You get child tax
- You have student loans
- You receive social assistance
- You have private pension
FAQ’s About Captain Cash Payday Loans
Now that you know how to get a quick payday loan from Captain Cash, you probably want to know more. Here are the answers to the most frequently asked questions:
Do I Need Good Credit to Be Approved?
No. Captain Cash does not do credit checks, so you don’t have to worry about having good credit. Even if you have no credit history, it’s okay.
We accept all kinds of applicants, even those who have bankruptcies. We take other factors into consideration when doing our loan application. We focus more on your ability to pay the loan back, rather than your credit history.
If I Don’t Get Approved by 2pm, Why Do I Have to Wait 24 Hours?
Your funds can take up to 24 business hours because it goes through a process. The application request is examined by the analysis team. They review your information and make the required verification phone calls.
The majority of our applications are generally completed and approved within 24 hours of receiving them. However, there are times when it can take up to 3 business days when the application volume is high or if there are issues when making the verification phone calls.
Why Can’t I Get a Captain Cash Loan If I’m Self-Employed?
Captain Cash is a payday lender. We require that borrowers get paid regularly by direct deposit. People who are self-employed have an unpredictable income, not steady paychecks. We want to make sure that our clients are able to pay the loan back.
How Do You Verify My Employment?
Our team does job confirmation checks to make sure that clients are still employed. We’ll call your employer to verbally confirm that you work for them.
In addition to that, we’ll also ask when you were hired and how long the company plans to keep you employed.
You do not have to worry about your employer finding out that you are applying for a loan. Our analysts make sure to never divulge that information.
How Can Captain Cash Instantly Verify My Information?
Our instant verification process is quick and secure, and it allows us to view your bank statement safely. The process uses the same level of security that your bank uses to protect your personal information.
We do not log into your bank account, nor do we see your ID or password. However, we are given a copy of your bank statement during the process. Whenever you log into your bank account, your private information remains confidential.
But by logging in, it verifies your identity and gives us a 90-day read-only copy of your bank statement. Instant verification allows us to make a quick decision on whether we can offer you a loan.
Why Would My Application Not Be Approved?
There are several factors that contribute to why your loan application would be denied, such as:
- You have un-discharged bankruptcies on your file
- You did not fill out your application correctly or you provided incorrect information.
- You have too many insufficient funds on your bank statement
- You don’t have unstable employment
Looking For a Payday Loan in Ontario? Choose Captain Cash
Captain Cash is here for you whenever you need a payday loan in Ontario. We pride ourselves on making our application process fast, easy, and convenient.
Plus, you can renew your loan if you need assistance repaying the funds.
If you have any questions, feel free to reach out to us at 1-888-226-1026 or contact us online. One of our team members will get back to you shortly.
We’ll be here when you need us!