Speedy Cash Loans in Edmonton

Speedy Cash
Get a Speedy Cash loan verified by our specialists. On 15.06.2024 there are 2 options available to you. Increase your chances of getting a loan — fill out an application with a free credit rating check.
Offers: 2
Updated
24.05.2024
08:05
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
200.00 – 1500.00 C$
Rate
i

Effective interest rate on the product

to 391.07 %
Term
i

Loan term for the financial product

to 14 days
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 – 4000.00 C$
Rate
i

Effective interest rate on the product

29.90 – 46.90 %
Term
i

Loan term for the financial product

to 1 years
How to apply for a Speedy Cash Loan in Edmonton? Step-by-Step
Reviews
Royal Bank of Canada
4.6
The polite and competent staff at Royal Bank of Canada are always ready to help and answer my loan-related questions.
Review
Royal Bank of Canada
5
RBC provided me with loan terms that truly fit my financial capabilities, without overburdening me with payments.
Review
Royal Bank of Canada
4.4
Thanks to the loan from RBC, I was able to solve financial problems and realize my long-awaited plans for home renovations.
Review
Royal Bank of Canada
4.6
I appreciate the flexibility and individual approach of RBC in providing loan terms, taking into account my needs and capabilities.
Review
Royal Bank of Canada
4.6
RBC provided me with a loan with competitive terms, allowing me to save on interest rates.
Review
Royal Bank of Canada
4.2
Thanks to the loan from RBC, I was able to fulfill my dream of buying a car without experiencing financial difficulties.
Review

How to apply for a Speedy Cash loan in Edmonton?

  1. Determine Your Loan Needs. Before you begin the application process, it's essential to determine the amount of money you need to borrow and the type of loan that best suits your financial situation. Whether you need a payday loan, cash loan, or personal loan, Speedy Cash offers a variety of loan options to meet your needs.

  2. Gather Required Documents. To complete the loan application, you'll need to gather the necessary documentation. This typically includes a valid government-issued ID, proof of income (such as a pay stub or bank statement), and proof of address. Specific requirements may vary depending on your location and the type of loan you're applying for.

  3. Choose Your Application Method. Speedy Cash offers both online and in-person application options. If you prefer the convenience of applying from home, you can complete the application process online through our user-friendly website. Alternatively, if you prefer in-person assistance, you can visit one of our 20 store locations across Canada to speak with a loan specialist.

  4. Complete the Application. If you're applying online, navigate to the Speedy Cash website and select the "Apply Now" option. You'll be guided through a series of steps to provide personal and financial information, including your name, address, employment details, and desired loan amount. Ensure that all information provided is accurate and up-to-date to expedite the application process.

  5. Submit Documentation. As part of the application process, you'll need to upload or provide copies of the required documentation, such as your ID, proof of income, and proof of address. Make sure to have these documents readily available to upload or present to the loan specialist if applying in person.

  6. Review Terms and Conditions. Before finalizing your loan application, carefully review the terms and conditions associated with the loan, including interest rates, repayment schedules, and any applicable fees. It's essential to fully understand the terms of the loan before proceeding to ensure that it aligns with your financial goals and capabilities.

  7. Await Approval. Once you've submitted your loan application and required documentation, the Speedy Cash team will review your application promptly. In many cases, applicants receive a decision within minutes. If approved, you'll be notified of the loan terms and the amount of funds you're eligible to receive.

  8. Receive Your Funds. Upon approval, the funds will be deposited directly into your bank account, typically within the same business day or the next business day, depending on your bank's processing times. You can then use the funds as needed to address your financial needs.

Conditions

  • Loan Amount. Speedy Cash offers loans ranging from $250 to $1,500, based on the borrower's income and eligibility criteria. This flexibility allows borrowers to access the funds they need to cover various expenses, whether it's for unexpected bills, emergencies, or other financial needs.
  • Repayment Terms. The repayment terms for Speedy Cash loans vary depending on the borrower's location and the type of loan. Typically, loans are repaid on the borrower's next pay date, with repayment amounts automatically deducted from their bank account through a pre-authorized debit agreement. Speedy Cash offers transparent terms and conditions, ensuring that borrowers understand their repayment obligations upfront.
  • Interest Rates and Fees. Speedy Cash discloses all applicable interest rates and fees associated with its loans upfront, allowing borrowers to make informed decisions. The maximum charges permitted for a payday loan vary by province, with rates ranging from $14 to $17 per $100 borrowed, depending on the borrower's location. For example, in BC, the maximum allowable charges for a Payday Loan amount to 15% of the principal.
  • Loan Extensions and Renewals. In some cases, Speedy Cash may offer loan extensions or renewals to borrowers who are unable to repay their loans by the due date. However, loan extensions and renewals are subject to eligibility criteria and may incur additional fees. Borrowers should carefully consider their options and contact Speedy Cash if they anticipate difficulty repaying their loan on time.

Requirements

  • Proof of Identity. Borrowers are required to provide one piece of government-issued photo identification to verify their identity. This ensures that Speedy Cash complies with regulatory requirements and prevents fraudulent loan applications.
  • Proof of Income. Borrowers must provide proof of income to demonstrate their ability to repay the loan. Acceptable forms of income may include employment income, Employment Insurance (EI) benefits, Canada Pension Plan (CPP) or private pension payments (paid via direct deposit), or child tax benefits (also paid via direct deposit). Proof of income helps Speedy Cash assess the borrower's financial stability and determine their eligibility for a loan.
  • Bank Account. Borrowers must have a valid Canadian bank account in good standing to receive loan funds via direct deposit and facilitate repayment through pre-authorized debit agreements. A bank account is essential for managing loan transactions and ensuring timely repayment.
  • Other Documentation. Depending on the borrower's location and the type of loan, additional documentation may be required. This could include a blank personal cheque, pre-authorized debit form, recent bank statements, and proof of address. Borrowers should check with their local Speedy Cash store for specific documentation requirements.

Additional resources