Loan Express is a leading provider of fast cash loans in Canada. They offer a convenient and hassle-free way to get your money quickly. Whether you are facing unexpected expenses or need some cash to hold you over until payday, Loan Express can help.
This review walks you through getting loans online through Loan Express. As a payday lender, incurred interest is typically higher than regular loans. But if you use this service only for true emergencies, these short-term cash advances can be a lifesaver.
What is an express cash loan?
Payday loans, cash advances, fast cash loans, and no credit check loans are alternative names for express cash loans. Lenders generally approve these loans instantly without refusal, and funds are available in your account in 24 hours or less.
Express cash loans are short-term loans that are a cash advance against your upcoming paycheque. Since it is a cash advance, you must repay the loan when you receive your payroll.
You can authorize the lender to deduct the borrowed amount, interest, and charges from your bank account when they are due. This permission ensures the timely repayment of the loan. Some lenders, such as Loan Express, allow you to repay your loan early without penalties.
Where can I borrow money instantly in Canada?
With over 6,000 Trustpilot reviews, Loan Express is one of Canada's leading express loan providers. Applying takes 5 minutes, and money can be in your account within 24 hours, depending on your bank. These loans are some of the fastest to get in Canada.
Payday loans are high-interest loans advanced on your payroll, pension, disability, or Child Tax Benefit. Payday lenders likely have a loan for you even if you have bad credit or a less-than-perfect credit score. The loan application process is 100% online, with no paperwork. Loan Express offers these smart loans up to a value of $1500.
Spring Financial is an online lender that provides loans starting at 9.99% APR. You can get an online loan for up to $35,000 without ever leaving your home. Spring Financial is highly reputable in Canada, with a Trustpilot rating of 4.8 out of 5 for personal loans.
How to get a loan with Loan Express
Getting a cash advance with Loan Express is easy. You can apply online, and the approval process is quick. However, be sure to understand the total cost of the loan, including minimum loan periods and maximum APRs by province.
A fast e-Transfer payday loan does not require a credit check.
Creating an online account
To create an online account with Loan Express, simply:
- Visit the Loan Express website
- Click the “Apply Online Now” button
- Fill out the online application form with your personal and financial information
- Create a username and password for your account
Provide the required documents
You are, of course, required to submit documents that confirm your identity and income. You might need to:
- Upload copies of your government-issued identification documents (e.g., driver's license, passport)
- Provide your proof of income (e.g., pay stubs, bank statements)
- Submit any additional documents requested by Loan Express
Review and accept the loan terms
Loan Express will review the details of your application once you submit it. You will receive a loan offer with the terms and conditions. Carefully review the loan terms, including the interest rate (APR), repayment schedule, and fees. Pay attention to late fees, penalties for repaying early, and non-payment consequences.
Sign the digital loan agreement electronically (e-sign) if you agree with the loan offer and terms and conditions.
Receive your funds
Once you have accepted the loan terms, Loan Express will transfer the funds to your bank account. The funds are typically available within 24 hours, which may vary depending on your bank. Loan Express usually uses Instant INTERAC e-Transfer but can also arrange a bank transfer.
Repaying your loan with Loan Express
The most convenient way to repay your loan is through Pre-Authorized Debit (PAD). Loan Express can take out the loan amount, interest, and fees on the due date with this permission. This ensures you pay the loan on time, helping you avoid late fees or penalties.
Loan Express allows early loan repayment without any penalties. If you can repay the loan before the due date, you can save on interest charges.
If you cannot pay on time, contact Loan Express immediately. They may be able to offer alternative repayment options or provide guidance on how to avoid late fees.
Late or non-payment of payday loans generally incurs heavy fees and interest.
Where to get a Loan Express payday loan
Loan Express operates in several Canadian provinces and territories, including Alberta, British Columbia, Ontario, Saskatchewan, and Nova Scotia.
The company has obtained full licenses to operate where required. However, it does not offer services in Prince Edward Island or Quebec.
Alternative loan options
Canada has many short and long-term personal loan providers. A regular loan with or without collateral might be better depending on your situation, like how fast you need money.
You can obtain a traditional loan by applying online or at a bank. You can find and compare great loans in Canada with a loan aggregator like LoanConnect. These comparisons can help you find a loan that fits your needs and budget.
Fairstone is a market leader in personal loans in Canada. You can instantly get a loan quote online or apply at one of their branches across Canada. Getting a loan quote won't impact your credit report or credit score, and you may qualify for up to $50,000.
Spring Financial is also an emerging reputable lender. With Spring Financial, you can get instant approval for up to $35,000. Loan interest rates are as low as 9.99%, which is comparable to traditional banks in Canada. They also have a Trustpilot rating of 4.8 out of 5 with over 12,000 reviews.
What is the fastest loan to get?
The fastest loans are payday loans, also known as cash advances. These loans do not need a credit check; lenders typically approve them instantly. You can get your loan in as little as three hours, making them some of the quickest loans available in Canada. LoanConnect has an excellent comparison tool to help you find the right loan for your needs.
However, ensure you read the loan's fine print and understand its terms and conditions. You do not want to fall victim to predatory lending practices that see you ending up in a payday loan cycle.
Getting a fast cash loan with Loan Express is a straightforward process. By following this guide, you can easily apply for a loan, get the money, and pay it back without any trouble. Loan Express commits to providing excellent customer service to ensure a smooth borrowing experience. If you need fast cash, Loan Express is here to help.
To avoid needing a payday loan, make a budget and save money for emergencies. Your emergency fund should remain separate from your chequing or other day-to-day spending account. Separating this account ensures you do not dip into it for unessential expenses.
Creditpicks has a lot of great financial advice, tips, and tricks. Our team lives in the same economy, bank with the same banks, and follows the same advice we give.
We do not have any relationship with Loan Express or receive commissions from the company. We are simply interested parties in the services they provide.