FAQs

Is Cashier loan a lender?

No, Cashier loan is not a lender, but a we offers completely free online loan matching service in Canada. We are diectly connected with 50 plus lenders into the Canada, all of whom hold a money-lender's license issued by the Office of Consumer Protection.

How are you different from a bank?

The biggest difference is that we actively look for ways to help you when banks don't want to. We are much more flexible, looking beyond your credit score. We know you are more than a number, so we consider your overall financial picture. We are also faster than banks: if you submit a complete application, we can approve you within a day.

How do I apply for a loan?

Applying for a loan at Cashier loan is simple, quick and secure. You can apply online from your mobile device or personal computer at any time. If you prefer, you can contact one of our friendly advisors and they will be happy to assist you throughout your loan application.

How much can I borrow?

This depends on the strength of your application and your previous history with us. Most first time Cashier loan borrowers are approved for up to $2,500. Returning clients with a good repayment record can often qualify for a higher loan amount, up to $5,000. You can refer to our calculator to get a rough estimate of your payments for various loan amounts.

How long does it take for my loan to be approved?

Once we receive all required information and documents, your application can be processed within one business day.

If I have poor credit can I apply for a loan?

Yes. We look at more than just your credit history, because we know anyone can get into financial difficulties. What we look for are responsible borrowers.

What do I need to apply?

• Show employment income
• Provide last 3 months' bank statements (easily done online)
• Provide your ID

In some cases, we may need additional documents and/or a co-signor to strengthen your application.

Do you check my credit score?

Yes, but we look at many other factors when evaluating your application. Your credit score is only a small part of the overall picture. Many of our clients have less than ideal credit history but we are still able to help them.

If I have a bankruptcy or Consumer Proposal can I still get a loan?

In some cases, yes. Many of our clients have had financial challenges in the past, and unlike most banks, we are still able to help such clients in some cases. Please contact a Cashier loan Advisor to review and discuss your specific situation in detail.

Why is it important for me to read and understand my loan agreement?

Your loan agreement is a legally binding document. It is very important that you read this carefully and make sure you fully understand it. It may also be a good idea to review the agreement with a lawyer if you are not fully clear about the agreement.

I have paid off my previous loan, can I apply for a re-loan with Cashier loan?

Yes. We would be glad to help you if the need arises. Depending on the province of your residence, different rules and policies apply. Please contact us for further information.

How do I repay my loan?

Easily. When you apply, you give us authorization to debit your account on the scheduled days. Your payments are then deducted automatically from your account.

Can I repay my loan faster?

Yes, you can pay off your loan anytime you want or make extra payments without any additional fees or penalties

When is my first payment due?

The date of your first payment will be discussed and agreed with you prior to finalizing and signing the loan agreement.

What happens if I miss a payment?

If you know you will miss a payment you should contact us at least 3 business days in advance to discuss alternative arrangements. Otherwise you will be charged an NSF fee. Your bank or financial institution will most likely charge you an NSF fee also. These can add up, so please make sure you contact us as soon as you feel you may have a problem.

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