Am I
eligible to loan?
You must:
 |
Be a Canadian Citizen |
|
Be employed |
|
Be at least 18 yrs old |
|
Be paid by direct deposit from your employer |
|
Make at least $1334.00 monthly |
If you answered Yes to these requirements, then you are eligible
for a loan with us.
I am retired. Do I still qualify with my pension cheques?
Unfortunately, you must be actively employed to receive a loan
with us.
We will not be able to lend to those who are self-employed, paid
by commission only, seasonally employed, paid by mileage only,
on disability or worker’s compensation, nor those who receive
social assistance.
How Much Money can I get?
The amount you are eligible to loan, depends on your net income.
Loan limits may increase depending on your repayment history with
us. The minimum loan amount is $200 and the maximum is $1500.00.
What are your Rates?
We charge a flat fee for every $100 you borrow. To see exactly
how much it will cost to borrow the amount you would like, see
our Rates page, or click
here.
Do I have to fax anything in?
No. The information required can generally be obtained by a quick
phone call or online chat.
I have bad credit. Will you still give me a loan?
Bad credit, Good credit, no credit at all; as long as you are
not currently in a state of bankruptcy, you should qualify for
a RedLeafLoan.
Will you run a credit check?
RedLeafLoans.ca may need to verify some of your information against
several national data bases including TransUnion. A bad credit
score, or no credit score at all does not mean you will not be
approved.
Do you need to contact my employer?
In some cases, employment verification is required. If we need
to call your employer, we will not disclose any information as
to who we are, nor what your business with us is.
Once approved, how do I receive my money?
The funds are sent directly to your bank. Most people see the
money in their accounts the following morning.
How do I repay this loan?
We will automatically debit the
loan amount along with the fees straight from your chequing account.
This works much the same way the money was put in. You don’t
need to do a thing, other than ensure the funds are available.
Can I get an extension or rollover my loan?
While we do not offer extensions or rollovers, you are able to
request another loan the same day you have one due back. As long
as the debits clear your account, you are welcome to more money.
Why don't you offer extensions or rollovers?
We at RedLeafLoans.ca believe a payday loan should be a short
term solution only. When a loan is rolled over, interest accumulates.
This almost always results in a vicious cycle of paying off interest
and never the principal. For more information on responsible loaning,
visit our Responsible
Lending page.
What are your business hours?
See our Contact
Us page.
How can I contact you?
See our Contact
Us page. |
