how it works

What is a Payday Loan?

A payday loan allows a person to get cash for a short time period against his or her next pay cheque. A customer with an active chequing account, direct deposit and a job can receive funds in his or her account in less than one hour.

Why do consumers choose to get loans from CapitalCash?

If you need to cover unexpected expenses like a car repair or household emergency, a payday loan can help solve a potentially serious financial problem. Some folks are looking to bridge a short-term cash need between pay cheques. Others want to avoid bounced cheque fees or late payment penalties. Some clients prefer the payday loan route over having to pawn personal possessions.

Requirements

- You must be at least 18 years old

- You must be a citizen or permanent resident of Canada

- You must be employed for at least 90 days at your current job

- Your income must be Directly Deposited

- You must have a minimum take home income of a least $700 per month after taxes

- You must have a chequing account in your name that has been active for at least two month

- Current home and work phone numbers and valid email address

No Credit Check

You don't need good credit to receive a payday loan - a demonstrated ability and willingness to repay counts for a lot more.

Cash Direct to You

Once you are approved, you can receive your payday loan within 20 minutes via EMT (Email Money Transfer) or deposited into your bank account the same day via EFT (Electronic Funds Transfer).

Secure and private

We use the most advanced and secure internet encryption technology to protect your privacy.

Automatic Repayment

Your loan and loan fees will be automatically withdrawn from your chequing account on the due date. You don't need to do a thing!