Are all payment eligible for a deferral?

We are unable to postpone your first and final payments. To request a payment deferral, please ensure you contact us at least 48 hours prior to the scheduled withdrawal. The fee for deferring a payment will replace the original scheduled loan payment.

It’s important to note that payment deferrals can’t be processed if your previous payment was returned or if you have recently deferred a payment.
For more information, please contact our financial department.

Are you going to be logging into my bank?

Absolutely not. We never see your user id and password nor do we ever have the option to “login” to your account. This system allows you to securely and privately submit an online read only copy of your bank statement. This information is necessary in order to approve your loan request and is the most secure technology on the market today.

Can I apply with income from insurance?

Absolutely! After successfully repaying your initial loan with CaptainCash, we consider Employment Insurance (E.I.) and other types of insurance as an eligible source of income for renewal applications.
Please keep in mind that you’ll need to provide documentation as proof of insurance to proceed with the renewal process. This documentation can be an Employment Insurance (E.I.) claim or an insurance document in your name validating the coverage.

Can I apply without a credit check?

Certainly! As a standard practice, our processing methods do not involve a credit check; instead, they are solely based on your bank statement and employment status.

Can I pay my loan in advance?

Your first payment must come out of your account as originally scheduled. After that, you may make an early payment for part or all of your loan at any time. We do require a minimum of 48 hours notice in order to stop a regular loan payment, and 7 days to stop a surety fee.

Do I require a phone to be approved?

Your application must include at least one phone number registered under your name.

Do you have to call my employer? Aren’t my pay stubs enough to prove my employment?

While a pay stub can demonstrate your past employment with an employer, it may not confirm your current employment or future employment status.

How can I defer a payment?

To request a payment deferral, please ensure you contact us at least 48 hours prior to the scheduled withdrawal. The fee for deferring a payment will replace the original scheduled loan payment.

It’s important to note that payment deferrals can’t be processed if your previous payment was returned or if you have recently deferred a payment. We are also unable to postpone your first and final payments.

For more information, please contact our financial department.

How can I make an early payment?

We recommend using one of the following payment methods: pre-authorized debit, e-transfer, or credit card.

Please note we require a minimum of 48 hours’ notice to stop a regular payment that’s already in transition. For credit card payments, you can contact our financial department

How do I know this is not a scam for my personal information?

This system was designed specially to enhance your privacy and security. It operates at bank level security using the same 128-bit encryption as your financial institution. Additionally, the website is monitored and verified by Verisign, the highest level of online site security.

How do I receive my funds?

We provide multiple deposit methods to our clients, such as:

  • Direct Deposit – This method is free and sends funds directly to your bank account. To receive same-day funds, your loan must be approved before 2:30 PM EST; otherwise, the funds will be deposited on the next business day.
  • Instant Deposit (NEW) – Our instant deposit is a new feature designed to eliminate delays in receiving funds via direct deposit. It enables you to receive funds within an hour of approval, regardless of the cut-off time.

    Please note that there is a $5.00 surcharge for this service, and the fee will be included in your surety fees.

  • E-Transfer – Exclusive to returning clients, funds will be sent to a verified email address registered on your file within 3 hours of approval.

    Please note that there is a $3.00 surcharge for this service, and the fee will be included in your surety fees.

How is the employment verification conducted?

Verification of employment is conducted exclusively by Jupiter Suretyship, a third-party entity.
They will only confirm the information you have already provided, and your data will be maintained with the utmost confidentiality. We want to reassure you that we do not disclose to your employer that you are in the process of applying for a loan at any point.

How much advance notice should I provide to request a payment deferral?

In order for us to defer a payment a notice of at least 48 hours’ is required.

Please note we can’t postpone your first and last payments; if you want to postpone a surety fee or a regular loan payment you must contact us 48 hours prior to the withdrawal. In addition, a payment can’t be deferred if your previous payment was returned and/or recently deferred.

We encourage you to reach out to us if you have any questions or need further clarification.

How much can I apply for?

New clients can qualify for an initial loan of $500.00, and as you establish a positive borrowing history with our lenders, you’ll become eligible for larger loan amounts up to $750.00.

I have an existing loan and ran into a financial crisis. What can I do?

We understand that financial challenges can arise unexpectedly, and we are here to help. If you are unable to make your payments as scheduled, we encourage you to contact our financial department. We offer various options to assist you in managing your financial situation.

I have changed bank accounts. How can I update my banking information?

To update your banking information, we kindly request a voided cheque or a pre-authorized debit form. You can conveniently provide us with a picture of either document by sending it to [email protected]

I have submitted an application. What happens now?

After you’ve submitted your application, our analysis department will review it to ensure that all details are in order and aligned with our lenders’ criteria. Typically, this process can be finalized within 24 business hours, but often it is even faster.

I missed the last payment on my loan, what happens now?

We provide a grace period of 5 business days to catch up on a missed payment. However, if you are unable to make up the missed payment during this period, your next regular loan payment will be deducted from your account on your next scheduled payment date. Additionally, please note that an NSF fee of $45.00 will be applied at the end of your payment schedule.

I’m uncomfortable sharing my personal information online. How can you ensure my information will be kept safe?

We value your privacy and have designed our process to offer top-level online security. Our system is built with the utmost focus on enhancing your privacy and security. We employ 128-bit encryption, which is the same level of security as your bank uses. Your personal information, including usernames and passwords, remains confidential, with no storage or display.
This method not only ensures your privacy but also provides the quickest and most secure means to share your information when applying for a loan. It’s a convenient option that prioritizes your data security.

If I make an early payment by e-transfer, will I get confirmation of receipt?

Certainly! When you make an early payment via e-transfer, you can expect to receive confirmation of receipt. Typically, our system is designed to acknowledge and confirm the receipt of your payment within 1-2 business days. This confirmation helps ensure that your payment has been successfully processed.
If you have any concerns about the status of your e-transfer payment or do not receive a confirmation within the expected timeframe, please don’t hesitate to reach out to our customer support team.

Is the online banking verification (I.B.V.) secure?

Your user ID and password are securely transmitted directly to your financial institution. It provides us a “read-only” copy of your bank statement for a 90-day period and the tools to verify your identity. The statement’s contents are then examined by our analysis team to ensure an accurate decision regarding your loan application.

My loan application is complete does that mean i will have the money today?

Once we have received all the necessary information, your file is promptly forwarded to the analysis department for review. While the process may require up to 24 business hours, it’s typically done a lot faster.

What criteria do I need to meet to be eligible to apply?

To qualify for a loan, you must meet the following criteria:

  • You should be a Canadian citizen.
  • You must be at least 18 years old.
  • You need to have a minimum monthly income of $1,200, received through checks, e-transfer, or direct deposits from your employer.
  • You should have reliable employment with at least 3 months of continuous employment.
  • You must own a Canadian bank account in which your pay is received through direct deposit, e-transfer or checks, and the account should have been active for at least 3 months.
  • You should not be on the verge of bankruptcy or about to enter a consumer proposal.
  • You should have a low or no history of insufficient funds transactions.
  • Your short-term debt ratio, including other active short-term loans, should be low.

Please note that the following income sources are NOT accepted:

  • Self-employment income
  • Social assistance
  • Student loans
  • CPP (Canada Pension Plan)
  • Child tax benefits
  • Private pensions
  • Disability payments
  • Other income from insurance
What is a Paperless application?

Our offering stands out for its paperless approach, which eliminates the need for any physical documents. It incorporates instant verification and e-signature capabilities. By providing us with secured view-only access to your account, you can have your loan application approved without the need of submitting paperwork.

What will you do with my information?

Your user id and password are securely transferred directly to your financial institution in order to verify your identity as well as retrieve a 90 day “read-only” copy of your bank statement. The information is viewed by our specialists in order to make a fast and accurate decision on your loan.

When are the deferral fees scheduled?

The fee will be applied to replace your initially scheduled payment.
For the first deferral, there is a fee of $25.00. In the case of a second deferral, a fee of $50.00 is charged, which includes a $25.00 fee and a $25.00 reduction from your balance. For a third deferral, a fee of $75.00 is applied, consisting of a $25.00 fee and a $50.00 reduction from your balance.
Please note that a mandatory 48-hour delay should be considered.

Where can I find my payments in the contract?

Your loan contract consists of four pages: Loan Agreement & Surety Agreement

Please be aware that the date of your first payment(s) can be found on the first page of the Surety Agreement, as these payments take precedence. The capital payment(s) will be found on the first page of the Loan Agreement.

Please be aware that your payment schedule may be subject to change prior to approval. Our valued customers can renew their loans after a grace period to allow them time to complete any outstanding loans before the start of payment cycles for their new loan.

Why can it take up to 24 business hours for a final decision?

It’s important to note that the vast majority of applications (approximately 98%) are typically completed and approved within the same day. However, in some cases, the process may take up to 3 business days to finalize. This extended timeframe may occur due to high application volumes or complications that may arise during the verification phone calls.
We appreciate your patience and understanding in such cases.

Why do we recommend to use this system?

We use this system because it’s the safest & most convenient way for our customers to verify their banking information. This information is a necessary step in approving your loan request. It provides many benefits over old fashioned methods such as security, privacy, convenience, and speed.

Why would my application be refused?

Refusal of your loan application may occur due to one or more of the following reasons:

  • An un-discharged bankruptcy is present on your file
  • Your do not have a stable employment
  • You did not provide all required information in your documents or you provided incorrect information when filling out the forms.
    There are too many insufficient funds or other similar charges in your bank account.
Will I be able to get insurance on my loan?

Unfortunately, we do not offer insurance on our loan’s products at this time. However we are willing to make arrangements with you, if needed during difficult times.

Will you see my password information?

Never. Your ID and password are never displayed or viewed. Your credentials are transferred to your financial institution at bank level security. If your credentials are correct, we will then receive a “read-only” copy of your bank statement allowing us to make a fast and accurate decision on your loan.