It only takes a few minutes to get a payday loan with us. First off, fill out the application form. We'll need your basic details, including name, birthdate, address, and the amount you want to borrow.
Your application will be analyzed and approved or denied right away. Once you're approved, we send you a contract which you digitally sign and that's it.
Finally, you'll get the funds via Interac e-Transfer within 15 minutes. You can accept the contract 24 hours a day.
There are two things we know: holidays are fun, but holidays are expensive! Whether you are planning a special milestone trip or the holiday of a lifetime, the costs can quickly start to add up.
Whether you’re staying in Canada or heading abroad, planning a trip can be one of life’s great joys. If you’re ready to go and don’t want to wait to save, a holiday loan may be the right option for you.
A holiday loan is an unsecured personal loan with a fixed interest rate to help spread the cost of a trip over time. Factors such as how much you’ll borrow, for how long, and how much you’ll repay each time will determine the exact terms of the loan you choose.
You can often choose the exact amount you want to borrow (down to the dollar) and how long you want the repayment period to take, on the date of your next paycheque or depending on circumstances up to a month.
It is worth planning the costs of your trip in advance, and once you know how much cash you will need you can start the process of securing the right holiday loan for you.
Not all lenders are open during the holidays. Fortunately, My Canada Payday is open on all major holidays to provide loans. In addition, our online loan acceptance system operates 24/7 no matter what. You can get a loan on:
What to look for in a lender?
When searching for a holiday loan that meets your needs, it is crucial to do your due diligence. Like with any financial matters, there can be unscrupulous people out to steal your financial information or money. To avoid this, here are some important factors to look for:
Once you decide to seek out a cash advance loan, here is how to secure your cash quickly and safely:
If you have been previously denied a loan from a bank or an agency because of bad credit, you may believe that you are not eligible for a short term personal holiday loan.
This is not necessarily true as there are many agencies that specialize in low or no credit lending. If you look for a lender that specializes in low credit, then as long as you meet their basic requirements like having a regular income, you are almost guaranteed to be approved. While your credit score will likely still be checked as a formality, it is very possible to be approved for a loan from an agency, even with bad credit.
Some of the best moments in life are spent with family and loved ones on holiday. If money is tight and it doesn’t look like you will be able to afford a dream trip any time soon, a holiday loan may be right for you.
By researching the right loan and lender, you will be able to make memories on holiday sooner rather than later. Like with all financial matters proper planning is important, but many Canadians are taking advantage of the freedom that a holiday loan can provide.