How to apply for a loan?
Capital Cash strongly recommends checking the application requirements before applying online and ensuring that the potential borrower can repay the loan on payday.
The application consists of 4 sections:
Personal Information;
Income information;
Bank information;
Credit Information.
Credit eligibility means that the customer meets the following criteria:
They are 18 years of age or older;
Holds Canadian citizenship or permanent resident status in Canada;
Employed by the same employer for at least 90 days;
They have had an active bank account for at least two months;
Income is directly deposited;
provided valid current residential and work addresses.
Application details
If Capital Cash approves the application before 2:00 p.m.EST, Monday through Friday, the loan will be electronically deposited into the borrower's account before 6:00 p.m. EST. The company may send email transfers or EMTs at its own discretion for repeat customers. The customer generally receives EMTs within 20 minutes of being sent by Capital Cash.
After clicking the "Apply" button and requesting a loan, the form is displayed where all fields are mandatory. The customer will not be able to proceed to the next step if the block of questions is not fully answered.
Capital Cash will ask you for your first and last name, the amount you wish to borrow, SIN, a personal reference, and confirmation that there are no bankruptcy proceedings. Other information relates to your employment, income, and credit information.
Note that the minimum loan amount in the application is $80. However, the footer and the FAQ section say that the minimum loan amount is $100.
All information requested by Capital Cash is needed to ensure the KYC of each borrower. The company will thoroughly review the data provided before making approval decisions.
Reasons for rejection
If the borrower does not meet the Capital Cash criteria for applicants, the application may be denied (e.g., age under 18, no permanent job, bankruptcy proceedings, residency in Alberta or Manitoba).
