How does your process work?

How does your process work?

We pride ourselves on the ease of our process, which can be completed online and using your phone!There is no faxing, visiting a store, or signing paperwork required... and if you're fast, it takes less than 30 minutes!Once your loan is approved, we will pay you by Interac email transfer (for returning customers) or EFT Direct Deposit (for first time loaners or those whose bank does not support Interac Email transfer) if you are from BC, Alberta, Saskatchewan, Manitoba or Nova Scotia. Returning reloan customers can have their money in as little as 30 minutes, while first time customers will see the funds the next business day. In Ontario, your loans will be issued via Interac Email Money Transfer only. Here is the complete list of steps, in order:

BC, Alberta, Saskatchewan, Manitoba or Nova Scotia Customers

  1. You fill out the application form completely on our web site, by pressing the Apply now! button.
  2. Our system will send you an automated e-mail with further instructions and a personalized download link for the Inverite Screencap Application.
  3. You download and install the Inverite Screencap Application. This program allows you to securely upload to us screenshots of your web banking.
  4. You log into your web banking using the Inverite Screencap Application and bring up 60 days of banking history. You press the Capture button in the application and it will send us a screen capture.
  5. If required, you can send us more screenshots by pressing Capture a second or more times. (For instance, if your web banking only shows one month of account history at a time).
  6. Once you upload some web banking screenshots, we will automatically start the review process. If we need more information we will usually try and contact you by telephone, then e-mail.
  7. We will let you know in an e-mail whether your application is accepted or denied.
  8. If accepted, you will be given a link to download your Loan Agreement contract!
  9. You click the download link in your e-mail and download the contract.
  10. You read the contract it in full, and then agree to it by telephoning our automated agreement system, keying in your contract number, and saying your name and that you agree over the phone.
  11. New customers: We schedule an EFT payment (a Direct Deposit) directly into your bank account. This payment will be processed the following business day, with the money in your account by lunchtime.
  12. Reloan customers: As long as your banking information has not changed, you are eligible for an Interac E-mail transfer, which will get you money in about 30 minutes once your loan has been approved and activated on our side.
  13. On your next payday, we will automatically take a payment for the amount of the loan plus the borrowing fee, as specified in your Loan Agreement contract.

Ontario Customers

  1. You fill out the application form completely on our web site, by pressing the Apply now! button.
  2. You will be asked to verify your identity and banking information with Decision Logic, a very secure verification company.
  3. We will let you know in an e-mail whether your application is accepted or denied.
  4. If accepted, you will be given a link to download your Loan Agreement contract!
  5. You click the download link in your e-mail and download the contract.
  6. You read the contract it in full, and then agree to it by telephoning our automated agreement system, keying in your contract number, and saying your name and that you agree over the phone.
  7. Funds Delivery: Your funds will be sent immmediately via Interac E-mail transfer.
  8. On your next payday, we will automatically take a payment for the amount of the loan plus the borrowing fee, as specified in your Loan Agreement contract.

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