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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.

LoansLoansLoans

Finanso.Multilogin™

About lender

Loans Loans Loans is a Canadian brokerage company that connects its customers seeking short-term loans with lending organizations. The products the company offers do not require any form of collateral and are intended to cover unexpected expenses or celebrations of special occasions. Loans Loans Loans pledges to find the lender whose terms and condition are affordable to the client’s situation. The company has formed a vast network of partners, and the loan conditions can be variable, so it is necessary to consult with the staff.

Features

Most importantly, the company is not a lender. Instead, it is partnered with an extensive network of lenders and other financial institutions to find the appropriate loan option for its clients as rates and other conditions vary from lender to lender.

One of the Loans Loans Loans’ attractive features is that it provides its clients with installment loans and cash advances that do not require any collateral from the clients.

Moreover, it does not run credit checks. As a result, bad, poor, or no credit are usually accepted.

The company doesn’t charge any application fees, and what’s more, the customer still is not obliged to take the loan even after filling out the application form.

The application form is usually filled out in about 30 minutes, and after that, customers have to wait for the answer from the lender, which usually takes from 1 hour up to 24 hours. The borrowable amount starts from $500, and the APR is 32%. The loan term can be up to three months, but the conditions must be agreed upon with the selected lender.

Pros and cons

Before applying, customers must take the strong and weak sides of Loans Loans Loans into account.

Pros

  • The company has an extensive network of partners, so they can help the customer find the best solution;

  • The short-term loans provided by the company do not require any collateral by the client;

  • Quick application and approval;

  • The company doesn’t charge an application fee;

  • Loans Loans Loans does not run credit checks;

  • Clients with poor or no credit still can be approved by the company’s partners;

  • The APR on the amount borrowed from the lender is fixed.

Cons

  • The APR is pretty high;

  • If a customer is not able to pay on time, the fee will be charged anyway, whether they informed the company or not;

  • The company can use the services of a collection agency if the customer doesn’t pay on time;

  • Not all the lenders the company deals with allow to renew the loan;

  • Not all the lenders the company deals with allow to repay the loan early with no penalties.

The company has some advantages, such as quick application and approval. Also, the network of the company’s partners allows the customer to find the best loan option. Moreover, the company doesn’t charge application fees.

They have a high-interest rate and strict requirements. Loans Loans Loans charge a fee if a customer cannot pay the loan on time. Moreover, the company can use a collection agency.

Loan conditions

Customers must fill out the application form on the company’s website to apply. They need to enter their name and surname, their postal addresses, information about their work, bank account details, and identification data.

Usually, it takes about 30 minutes. After that, they need to wait for the company’s response. Usually, customers receive the answer within 24 hours.

To be approved, clients must meet several requirements such as be 18 years old and over; be paid by direct deposit by your job; earn over 1,200$ a month; have stable employment (three months history minimum); be a Canadian Citizen; be paid by direct deposit in a Canadian bank account; not be under an undischarged bankruptcy or about to declare bankruptcy and have a low short term debt ratio (other payday loans).

If a customer complies with these requirements, they will probably be approved. However, it eventually depends on the lenders. The APR is capped at 32%, and the loan terms range from one week to three months. The borrowable amount starts from $500, depending on the lender.

Methods of loan funding

As soon as the customer is approved, Loans Loans Loans sends the money to your bank account electronically, usually within 1 hour to 24 hours, depending on the time of day.

FAQ

What is Loans Loans Loans?

Loans Loans Loans is a Canadian microcredit brokerage company that provides customers with small amounts of money for a short time. It is partnered with a vast network of lenders so that customers can choose a financial solution tailored to their financial needs. 

Who owns Loans Loans Loans?

Unfortunately, there is no information about the owners of this company in open sources. 

How do you qualify for Loans Loans Loans?

To be approved, clients must be 18 years old and over; be paid by direct deposit by your job; earn over 1,200$ a month; have stable employment (three months history minimum); be a Canadian Citizen; be paid by direct deposit in a Canadian bank account; not be under an undischarged bankruptcy or about to declare bankruptcy and have a low short term debt ratio (other payday loans). 

How much can you borrow from Loans Loans Loans?

The borrowable amount starts from $500, but it depends on the lender that Loans Loans Loans connects the customer with. 

Is it a legitimate company?

Loans Loans Loans is a legitimate company. However, they have both positive and negative reviews on the internet.

A proven source of loans for canadian borrowers

© LoansLoansLoans.ca

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What to pay attention to when applying for a loan from LoansLoansLoans

  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 LoansLoansLoans 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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