Requesting an installment loan of up to $1,000 through one of the direct lending partners that Friendly Lender works with is easy and quick. It doesn’t take long to complete the form and some lenders can provide a decision within minutes. Make today your next payday with an installment loan!
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Our form takes just a few minutes to complete and is easy to do. You can fill it out on any device you own quickly and easily. Whether you need an emergency loan to get your car fixed, or just need a little cash to tide you over until payday, installment loans through the direct lenders working with Friendly Lender are here!
When you are requesting an installment loan, please be sure to completely fill in the form. Make sure that all of the information you have provided is accurate. Any incorrect information on the form will slow down the process and cause it to take much longer for you to get your decision. We know that one of the reasons you are looking for an online installment loan is the ability to apply for one at your convenience and get a fast decision as soon as you can.
This is possible with online installment loans because our lenders do not operate like traditional banks. Some of our lenders may give you a decision within minutes of your completing the form, but in order to get a speedy result, you will need to be sure to fill in the form accurately.
Installment loans are a payday loan or short term loan in Canada that allows you to repay them back over a longer period of time. Some of these loans can be for 90 days or less and others have a longer term, depending on the amount that is borrowed and the lender you are working with. A general rule is: the smaller dollar amount of the loan, the shorter the term, though this may not be true for all lenders.
Installment loans through Friendly Lender’s lending partners allow you to schedule your payments over multiple pay periods so that you can repay over time, rather than having to repay the loan immediately in a lump sum upon receiving your next paycheque. Friendly Lender uses industry standard best practices for internet security so that you can rest assured that your data is protected. Request a loan through one of our lending partners of up to $1,000.
Looking for bad credit loans? We welcome you to request a loan through Friendly Lender’ and the direct lending partners we work with for fast cash quickly in your account if approved! Funds can be deposited as soon as the next business day, giving you the money you need to take care of financial issues.
At Friendly Lender, we understand that life can impact our finances in ways that we do not plan for. An online installment loan is one option to ease some of the stress of paying off bills or covering emergency expenses by allowing you to pay it back one installment period at a time.
The best way to explain would be Canada installment loans are like a payday loan that is repaid by making regularly scheduled payments over a set period of time. This payment structure means that installment loans do not require repayment in a single lump sum on your very next payday which may make it easier for you to meet your financial goals.
This type of loan may offer some advantages such as flexible payments that are spread out over time, no early pay off penalty, or an online application process. In some instances these loans can be more affordable than other types of payday loans.
There are two types of installment loans in Canada that you can request. Secured and unsecured loans are the options. What these two types have in common is that they both allow the loan amount to be repaid over a set period of time.
Unsecured loans are the first type that we’ll discuss here. These are offered in smaller dollar amounts typically and do not have any sort of collateral to back them. These loans have higher interest rates than secured loans because they are a bigger risk for the lender. Some examples of unsecured loans include small dollar loans, such as payday loans, student loans or even credit cards are a type of unsecured loan.
Secured loans have lower interest rates than unsecured loans. The reason for this is the collateral. Some examples of collateral that might be used to secure a loan are the title to your home or a car or other vehicle. These items allow your lender to reclaim them should you fail to pay back the loan within the term which provides some security for the lender and allows them to recover their losses.
Installment loans are not a type of revolving credit and should not be used as such. Credit cards are one example of revolving credit. Credit card payments have no set end date and the payment amount varies based on the amount owed at the time the payment is calculated.
Some lenders like to claim that they offer “no credit check loans” but that isn’t true. All lenders do at least some kind of credit check. Traditional credit checks will do a full run of your credit report through a major credit reporting branch like Experian or Equifax.
At Friendly Lender, our lenders do a non-traditional credit check, or a “soft” credit check that may not impact your credit score. Some of the bureaus commonly used for soft credit checks are: TeleTrack, Data X, CL Verify and FactorTrust. While we do not provide a “no credit check” installment loan, and no lender truly does, please remember that we understand that your credit history or having no credit at all has made it more difficult for you to obtain a loan. Friendly Lender prides itself on helping people in a variety of situations to obtain installment loans.