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Rating by Finanso®

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.

Loan Express's pay off


Repayment of loan

Borrowed funds must be repaid as provided in the contract. Loan Express offers a direct debit service. The repayment period depends on your residence, paying off has to be made within the time limits specified in the contract. Unless provincial payday loan laws provide otherwise, the payday loan will be repaid on your next payday.

The provinces that require repayment over more than 1 payday are:

  • Alberta - all loans must be split equally over 2 or more paydays, with a loan term between 42 and 62 days.

  • BC - loans are repaid on the next payday unless it is the 3rd loan in a 62-day period. In this case, the loan must be split into 2 pay periods if you have a monthly income, or 3 pay periods if you are paid bi-weekly, semi-monthly, or at shorter intervals.

  • Ontario - Loans are repaid on the next payday unless it is the 3rd loan in 63 days. Then the loan must be split over 2 pay periods if you borrow monthly income, or 3 pay periods if you are paid biweekly, semi-monthly, or more frequently.

Funds paying off must be made in full and on time.

Conditions of loan extension

The signed contract contains a precise schedule and a repayment period for the borrowed money. You are responsible for full payment to the Company. If you encounter difficulties, it is important that you do not hide and cooperate to repay the money owed and find a solution together. There is usually no extension procedure for such financial services thus making payments on time is important.

Early payoff

Paying off your debt reduces your financial burden and gives you a larger portion of your salary when you are done with servicing the loan. There is no information about the procedure for early repayment, only the possibility of repaying the borrowed money to the company within 1 working day after it is credited to your account. If you wish to repay the loan early, you should contact Loan Express directly for details on this procedure.


How do I make a payment on Loan Express?

The easiest way to pay back borrowed money to the company is by direct debit. It will not cost you any time and the only thing you need to pay attention to is that there is a sufficient amount in your account. Otherwise, you will be charged for a failed payment.

What happens if you don't pay back Loan Express?

Borrowers who breach their contractual obligations and fail to repay Loan Express face several legal consequences until the money is repaid in full. These include, first and foremost, the collection process, and if it does not help to get the money back, legal proceedings may be initiated, which will affect the credit score.

Can you pay Loan Express early?

You can repay borrowed money within 1 business day without being charged interest. You must request other early repayment options directly from the lender.

Can Loan Express sue you?

Loan Express may use any legal means to collect the money. This includes going to court if Soft Collection and negotiations have not produced a result.

Calculate loan payments in Loan Express

Loan Express calculator will allow you to calculate an approximate payment schedule for the loan

Loan amount

Enter the desired loan amount

100 $
1500 $
Loan term

Specify the loan term for the calculation


What to pay attention to when applying for a loan from Loan Express

  1. The company must have a license if it runs business in Alberta, British Columbia, Manitoba, Ontario and Quebec.
  2. You can check the availability of the relevant license (copy) at the branch of the lending company.
  3. Membership in a self-regulatory organization (SRO) is an additional guarantee of the reliability of the lending company. This information can also be checked at the company's branch or on its official website.
  4. Availability of lending policies.
  5. The procedure for applying for a loan.
  6. The procedure for concluding the loan agreement and receiving the payment schedule.
  7. Other conditions for granting loans.

We recommend

  1. To check out the interest rates and frequency. 
  2. Check the availability of individual terms in the loan agreement (principal amount, term, date of advance, etc.).
  3. Check whether the loan agreement contains information about the total cost of borrowing.
  4. Take time to think – you can change your mind before agreeing or signing a loan agreement.
  5. Speed of loan processing.
  6. Accessibility – alternative lenders often operate where there are no bank branches.
  7. For the borrower - high interest on the loan.
  8. For an investor, the safety of funds is not guaranteed by the state.

What distinguishes Loan Express from banks:

  1. Simplicity - loan processing is less formalized than in a bank.
  2. Fast loan processing.
  3. Accessibility.
  4. For the borrower - high interest on the loan.
  5. For an investor, the safety of funds is not guaranteed by the state.
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