Apply For Loan Away

Loan Away offers a variety of loan options to meet diverse financial needs. They provide personal loans ranging from small amounts up to $5,000, catering to individuals who require immediate funds for various purposes. Additionally, Loan Away extends home equity loans for larger financial requirements, offering amounts of up to $50,000. These loans are designed to provide flexibility and accessibility to borrowers, allowing them to address their financial challenges effectively.

How to apply for a Loan Away loan

1. Visit the Website. Open your web browser and navigate to the Loan Away website.

2. Click "Apply Now". On the homepage or designated landing page, locate the "Apply Now" button and click on it to initiate the loan application process.

3. Fill Out the Application. Once you've clicked "Apply Now," you'll be directed to the loan application form. Fill out all required fields, including name, email, password, address, date of birth, reason for the loan, and desired loan amount.

4. Submit Your Application. After completing all required fields, review your information for accuracy. Once satisfied, click the "Submit" button to send your loan application to Loan Away for review and processing.

5. Await Approval Notification. Upon submission of your application, Loan Away will process your request and notify you of the approval status. You will receive an email shortly after your application has been reviewed.

Conditions

1. Loan Amortization Period. Loans amortization periods range from 6 to 36 months, providing flexibility in repayment terms to borrowers.

2. Annual Percentage Rate (APR). Loan Away offers APRs between 19.9% and 45.9%, depending on factors such as creditworthiness and the specific loan product.

3. Loan Amounts. Borrowers can access loans of up to $5,000 through Loan Away, catering to various financial needs and circumstances.

4. Home Equity Loans. For individuals seeking larger loan amounts, Loan Away offers home equity loans of up to $50,000, leveraging the equity in their homes to secure financing.

Requirements

1. Proof of Legal Age. Applicants must provide proof that they are the age of majority in their province or territory of residence.

2. Government-Issued Identification. Applicants are required to present two pieces of government-issued identification for verification purposes.

3. Proof of Employment and Income. Applicants must provide documentation demonstrating their employment and monthly income for the past 3 months. This can be in the form of pay stubs or bank statements.

4. Contact Information. Applicants need to provide a valid email address, mailing address, and phone number for communication purposes.

5. Bank Account. Applicants must have a valid bank account, which will be used for loan disbursement and repayment purposes.

Reasons for rejection

1. Debt Consolidation Loans. If the applicant's debt-to-income ratio is too high or if they have significant outstanding debts, they may be denied a debt consolidation loan.

2. Pre Approval. Despite pre-approval, if the applicant's financial situation changes or if there are discrepancies found during the final approval process, they may be denied the loan.

3. Credit History. A poor credit history, including late payments, defaults, or bankruptcy, may result in denial of the loan application.

4. Income Verification. If the applicant fails to provide sufficient proof of income or employment stability, they may be denied the loan.

5. Incorrect Information. Providing incorrect or incomplete information on the loan application may lead to denial by Loan Away.

Additional resources

• About Loan Away
• Loan Away Online Banking
• How to PayOff Loan Away Debt
• Loan Away Personal Loans for March 2025
• Loan Away Customer Reviews

Sources

• Loan Away Website