Low Interest Online Loans in Canada
LoanConnect is the country's leading resource for fast, easy online loans. We've partnered with scores of the best banks and private lenders in the country to provide you with the cash you need fast.
By working with so many lenders, we're able to find you low interest rate, best terms, and the fastest payments available.
What Can I Use My Online Loan Money For?
Anything. Unlike an auto loan or a mortgage, you can use the money that you receive for anything. It can be something as important as getting a car fixed to simply taking a great vacation.
That's one of the best features of an online cash loan, you can use the money for anything you want.
What if I have an emergency? Can I use it for that?
Definitely. In fact, that's what lots of people use online loans for. Auto repairs, home appliances, a new roof, and many other emergencies frequently bring people to LoanConnect.
Because the money is simple to get and is often delivered within 24 hours, it's perfect for helping you get through an emergency. You can have cash in hand before something like a broken-down car causes worse repercussions, such as losing a job or missing an important medical appointment.
What if it's not an emergency?
It's your money. Use it for anything you want. That's why a loan like this is great. You don't have to explain your actions to anyone.
Use the money for school supplies, a vacation, or just for a party. It's your money, do with it what you want.
Can I use the money until payday?
Sometimes, you need to pay bills in between paydays. Having unpaid bills that are hanging over you for weeks can be incredibly stressful. Worse than that, the people that you owe the money to often charge more money, fees, and interest, for every day that you're not paying.
Getting a cash loan can be an excellent way to have the extra cash in your hand that you need to make sure that you can make it, between paydays, without paying incredibly high-interest rates.
How are interest rates set on loans?
Interest rates start with the prime lending rate. The prime rate is the amount that the central bank charges to lenders for them to borrow money. This is the interest rate that you hear people in the news talking about.
Then the company will add their own additional percentage to the interest. These are the percentage points that company chooses to add.
Very often, they will add more percentage points based on your specific credit score and situation. While you will likely receive a loan, regardless of your credit rating, the loan company will often add percentage points based on the perceived risk of the loan.
What if I have bad credit?
We can work with that. Because LoanConnect works with so many lenders, we're able to find lenders to give you a bad credit loan with almost any credit rating. The mission at LoanConnect is to help you in the future, not punish you for your past.
Try it. Even if you've been told no before, we can help!
How should I handle my payments?
One of the most important things that you need to plan to pay your loan back as quickly and efficiently as possible. Make sure that you don't take on more loans or credit with payments that are larger than you can handle.
Make your payments on time or early. If you do, this loan can be a jump start to a better credit score. Your credit score can save you money on all kinds of things. For example, loans, credit cards, and a mortgages. It can even save you on things like car insurance. Many companies, even ones not directly loaning you money, use your credit score to decide your ability to make payments.
How can I reduce the costs of interest?
One of the most effective ways to save on interest is to change the ways that you make payments.
Split payments - Rather than making a single payment each month, try making two half payments. Not only will this take a lot of pressure off of one paycheck, but it will reduce the long-term costs of interest. Since interest is calculated every day on most loans, you can save half of a month's interest every month.
Add-on payments - One of the best ways to reduce the costs of interest is making more than your regular payment. If you can make double payments or more, you can make your debts go away much more quickly. But that's not necessary either. Even if you pay an extra $10 a month, you can reduce the cost over the period of the entire loan.
What else do I get with my loan?
With LoanConnect, you get much more than just a loan.
- Best deal assurance - LoanConnect is able to ensure that you get the best interest rate and the best terms because we partner with dozens and dozens of loan providers, all working to get your business.
- Customer service - We're here to help you at every step of the loan process, from the first time you visit to the last payment. If we can help you, we will. Our team of professionals is committed to your total satisfaction.
- Insider information - At LoanConnect, we deal with loans and financing every day. That means that we learn new tips, tricks, and hacks that can save you money and make it easier to repay your loan.
OK - Ready to go! Let's get your application started!
Filling out the online loan application takes just a few minutes. Most of the information is stuff that you know already. We're here to help as well.
Within 5 minutes, we can be scouring the country looking for the perfect loan for you. In 24 hours, you can have the money in your hand and be taking care of business.
Let's get started right now!