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Lender
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.

PayBright's application

Finanso.Multilogin™

How to apply

The company applies the following requirements to applicants:

  • Be a Canadian resident;

  • 18 years of age or older at the moment of receiving the loan;

  • Valid Mastercard or Visa card issued in Canada;

  • Applicable cart size for using PayBright as a payment method at checkout;

  • A capable Canadian phone number that can receive SMS.

Steps:

  1. At checkout, select Paybright as a payment method.

  2. Download and open the PayBright app.

  3. Enter a maximum purchase amount.

  4. Enter your personal and contact information. After that, click on the "Continue" button.

  5. SMS with a PIN will be sent to confirm your identity.

  6. Complete the order by confirming the payment plan.

FAQ

Reasons for rejection

PayBright may reject an application due to one or several following reasons:

  • The client is not a Canadian resident;

  • Age less than 18 years old;

  • Completely spoiled credit history;

  • The client did not confirm personal data and contact information;

  • Lack of solvency.

How long are applications considered?

Repayment can be made by Visa or Mastercard bank cards with bi-monthly or monthly payments.

How quickly funds can be received?

The approved credit limit is deposited into the account immediately.

PayBright transfers funds to its trading partners the next business day after the transaction is authorized.

Financial products

PayBright
Pay in 4
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
from $500
Rate
i

Effective interest rate on the product

from 0%
Term
i

Loan term for the financial product

up to 60 months

Calculate loan payments in PayBright

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

PayBright calculator
Interest rates are given in accordance with the rates of the bank in Ottawa as of 25.09.2022
Loan amount
i

Enter the desired loan amount

CAD
CAD
500 $
5000 $
Loan term
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Specify the loan term for the calculation

months
days
2
60
Province

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

  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 PayBright 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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