FAQ2018-11-01T11:35:12+00:00

Frequently Asked Questions – After Loans Canada

THESE ARE GENERAL FREQUENTLY ASKED QUESTIONS TO HELP YOU GET STARTED.

AfterLoans is an alternative lender with much more flexible approval criteria than any bank.

We approve a vast majority of the applications we receive.

Initially, you can qualify for up to $5000. However, once we establish a relationship with you, higher amounts could become available to you.

All you need are 2 pieces of ID and proof of income. These are the only mandatory requirements.

It takes 8-10 minutes to fill out the application, and most applications will get approved within 30-60 minutes.

Yes. We do believe in second chances. We will carefully review your situation, and likely will still be able to approve you.

You don’t have to worry about paying a bill, payments will be automatically debited from your bank account.

Yes, our loans are fully open – there are no penalties for paying them off early.

AfterLoans uses the industry’s best security solutions, similar to what banks use to protect your personal information. We also use encryption to protect most sensitive points of your personal data.

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Disclaimer: All loans offered through this website are subject to credit and underwriting approval. AfterLoans.ca is a lead referral company, not a lender. AfterLoans only works with financial service providers that adhere to Canadian laws and regulations. Our lenders lend from $500-$5,000. Loans amortization is between 6-36 months. APRs range from 19.99% to 55%. The actual APR charged will depend on the lender’s assessment of your credit profile. For example, on a $1000 loan borrowed for 12 months at 29.9%, the monthly payment will be $97.24; with a total repayment, including interest, of $1166.88 There is also lender’s optional loan protection policy. In the event of a missed payment an insufficient funds fee of around 45$ may be charged (dependent on the lender). If you default on your loan payment plan the lender may terminate the plan and the remaining balance will become payable immediately. Our lenders employ fair debt collection practices, but will pursue the payment of Outstanding debts to the full extent that Canadian law allows.