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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 pay off

Finanso.Multilogin™

Repayment of loan

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

FAQ

Loan extension

If you cannot make installments on time, it is necessary to notify the company by filling out the form on the PayBright help site. No loan extension is applied, but, in some cases, the company can shift the payment schedule.

Early repayment

If you decide to return the entire debt in full before the due date, you can do this at any moment without penalties. For this, it is necessary to log in to the PayBright portal and choose the payment plan to be repaid.

How can I find out the remaining balance?

You need to log into the PayBright account and select the loan. Then, the system will show all the details of the payment schedule, outstanding PayBright balance, and the date when the last installment is due to pay off the loan in full.

What to do if the payment has failed?

Sometimes, a situation arises when the payment has been made but not credited to the PayBright account. In this case, you need to inform the company about this problem in writing by filling out the form on the PayBright help site.

Is it possible to arrange a loan restructuring?

Since restructuring is applied when the borrower is in dire financial straits that prevent timely debt repayment, PayBright checks applicants for a stable financial position before issuing loans and does not provide restructuring.

What to do if I missed the payment?

If the due payment has not been made on time, you need to notify the company in writing by filling out the form on the PayBright website and indicating the reason for the delay in repayment.

If the customer pays by credit or debit card, the payment will be automatically rescheduled.

PayBright does not impose late payment penalties; however, this will affect future purchases and loyalty of PayBright to approve low interest rates. In addition, the longer the payment is delayed, the higher the interest rate will be applied.

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
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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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