Lender
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The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Apply For Captain Cash

Advertiser Disclosure

Captain Cash loans offer a lifeline to individuals facing short-term financial constraints in Canada. With a commitment to accessibility and transparency, Captain Cash provides borrowers with flexible borrowing options tailored to their specific needs. Whether it's unexpected expenses, emergencies, or bridging gaps between paychecks, Captain Cash offers quick approval processes, enabling borrowers to access funds swiftly. Moreover, the company's dedication to responsible lending practices ensures that borrowers receive transparent terms and manageable repayment schedules, fostering financial empowerment and stability. Captain Cash's range of loan products, coupled with its stellar customer service and track record of reliability, makes it a trusted choice for those seeking efficient and reliable financial solutions.

How to apply for a Capitan Cash loan

  1. Visit the Captain Cash Website. Begin by visiting the Captain Cash website to access the online loan application platform.

  2. Complete the Application Form. Fill out the online application form with accurate personal and financial information. This includes details such as your name, contact information, employment status, income, and desired loan amount.

  3. Submit Required Documents. Depending on the loan amount and specific requirements, you may need to submit additional documents to support your application. This could include proof of income, bank statements, or identification documents.

  4. Review Terms and Conditions. Carefully review the terms and conditions of the loan agreement provided by Captain Cash. Ensure you understand the repayment terms, interest rates, fees, and any other relevant details before proceeding.

  5. Submit Application. Once you have completed the application form and reviewed the terms, submit your application electronically through the website.

  6. Await Approval. After submitting your application, Captain Cash will review your information and assess your eligibility for the loan. In many cases, borrowers receive a loan decision within the same day during business hours.

  7. Receive Funds. Upon approval, Captain Cash will disburse the loan funds directly into your designated bank account. Depending on the chosen deposit method, you may receive the funds on the same day or the next business day.

Conditions

  1. Loan Amounts. Borrowers can access loan amounts ranging from $500 to $750, depending on eligibility and borrowing history.

  2. Repayment Terms. Repayment terms are flexible, allowing borrowers to pay back the loan over a period of 90 to 120 days, depending on their payroll frequency.

  3. Interest Rates. The Annual Percentage Rate (APR) on the amount borrowed is set at 22%, accompanied by a transaction fee of $0.50.

  4. Renewals. Loyal customers can renew their loans after a grace period, providing them with additional time to complete a previous loan before beginning payment cycles for their new loan.

  5. Faster Reimbursement. Borrowers can expedite loan repayment and save on interest by making higher payments or paying off the loan earlier than the scheduled term.

Requirements

  1. Canadian Citizenship. Borrowers must be Canadian citizens or permanent residents.

  2. Age. Applicants must be at least 18 years old to qualify for a Captain Cash loan.

  3. Bank Account. Borrowers must have a Canadian bank account that has been open for at least three months.

  4. Stable Employment. Applicants must have stable employment for at least three months, with a monthly income of at least $1,200 directly deposited into their bank account.

  5. Short-Term Debt Ratio. Captain Cash evaluates applicants' short-term debt ratio to ensure minimal active short-term or payday loans.

  6. Credit History. While Captain Cash offers loans without requiring a traditional credit check, they assess applicants' creditworthiness based on other factors such as income and financial stability.

  7. Eligible Provinces. Captain Cash loans are available to residents of Ontario, Prince Edward Island, British Columbia, Nova Scotia, New Brunswick, Alberta, Nunavut, Northwest Territories, and Newfoundland.

  8. Income Sources. Captain Cash may not accept certain income sources such as social assistance, student loans, child tax, self-employment income, CPP, private pensions, disability income, or other insurance income.

Reasons for rejection

  1. Insufficient Income. If the applicant's income does not meet the minimum requirements specified by Captain Cash, their loan application may be rejected.

  2. Incomplete or Inaccurate Information. Providing incomplete or inaccurate information on the loan application can lead to rejection. It's essential for applicants to fill out all required fields accurately and truthfully.

  3. Credit Issues. While Captain Cash offers loans without requiring a traditional credit check, they still evaluate applicants' financial stability and creditworthiness based on other factors. Applicants with a history of missed payments, outstanding debts, or bankruptcy may be rejected.

  4. Recent Bankruptcy or Consumer Proposal. Applicants who are currently considering or undergoing bankruptcy, consumer proposal, or debt management may be rejected due to their financial instability.

  5. Excessive Non-Sufficient Funds (NSF) Transactions. Captain Cash screens loan applications to ensure that applicants' bank accounts do not have an excessive number of NSF transactions. Multiple NSF transactions suggest financial instability and may result in rejection.

Additional resources

Sources

FAQ

How long does it take to get approved by Capitan Cash?

Captain Cash prides itself on providing swift responses to loan applications, often offering approvals within the same day during business hours. The exact timeframe for approval can vary depending on factors such as the completeness of the application, verification processes, and the volume of applications received. However, borrowers can generally expect timely feedback on their loan application, enabling them to access funds promptly to address their financial needs.

How quickly funds can be received?

Once a loan application with Captain Cash is approved, borrowers can typically expect to receive the funds swiftly. The speed of fund disbursement depends on factors such as the chosen deposit method and the timing of the loan approval. In many cases, borrowers may receive the funds on the same day of approval if the application is processed during business hours and they opt for direct deposit. However, funds may be received on the next business day if the approval is outside of business hours or if the borrower chooses an alternative deposit method. This efficient turnaround time ensures that borrowers can access the funds they need without delay.

How trustworthy is Capitan Cash?

Captain Cash has established itself as a trustworthy and reliable financial services provider in Canada since its inception in 2015. With a strong track record of customer satisfaction and positive reviews, Captain Cash has garnered trust from borrowers seeking accessible and transparent lending solutions. The company's commitment to ethical lending practices, regulatory compliance, and customer service excellence underscores its reliability in the industry. Additionally, Captain Cash's transparent terms and straightforward processes contribute to its reputation as a trusted partner for individuals navigating their financial challenges.

Does Capitan Cash verify income?

Yes, Captain Cash verifies income as part of its loan application process. To ensure responsible lending practices and assess borrowers' ability to repay the loan, Captain Cash conducts income verification. This verification process typically involves requesting documentation such as pay stubs, bank statements, or other proof of income to confirm the applicant's stated income level. By verifying income, Captain Cash aims to assess the applicant's financial stability and ensure that the loan amount is suitable based on their income level.

Does Capitan Cash hurt your credit score?

No, Captain Cash does not conduct traditional credit checks that could negatively impact a borrower's credit score. Instead, Captain Cash evaluates applicants' creditworthiness based on factors other than their credit history, such as income and employment stability. This means that applying for a loan with Captain Cash will not result in a hard inquiry on the borrower's credit report, which could potentially lower their credit score. As a result, individuals with both good and bad credit histories can apply for loans with Captain Cash without fear of damaging their credit score.

Financial products
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Recommended FinScore™
0
300
650
1000
500.00 – 750.00 C$
Rate
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Effective interest rate on the product

to 22.00 %
Term
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Loan term for the financial product

to 3 months
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