Payday Loans Saskatchewan
Life is full of challenges and unexpected events. When it comes to a financial crisis, no one can predict or be prepared for such a predicament. When an emergency like a job loss or a car breakdown happens, you might need money urgently that you don’t have.
You could attempt resorting to a bank loan, but that’s a lengthy approval process. Even further, you’ll need to meet many stringent requirements to resolve your financial impasse. Unless you’ve got excellent credit scores, the chances of succeeding are slim.
Luckily for borrowers, Northstar Brokers are on the web who provide speedy financing without the red tape. We provide online payday loans in Saskatchewan if you live in that side of Canada.
What are Payday Loans?
A payday loan is a short-term personal borrowing that’s associated with your salary. It’s essentially an advance on your wages because you have to settle the amount plus interest and fees from your next paycheque.
This financing option is only available to those who have jobs and receive their wages through direct deposit.
Who Needs Payday Loans in Saskatchewan?
The Payday loan target audience is made of applicants who need urgent financial aid to pay for emergency expenditures, and may not get approval from banks.
Finding a Reputable Lender
Although getting a payday loan is a simple process, when selecting an online lender, it is always advised to choose warily. Internet scams abound, and you don’t want to be a victim of fraudsters who prey on desperate individuals.
For your security, it’s vital to find a trusted financial institution like Northstar Brokers. Our company has been in the payday loan market for over 12 years, and we have a team of experienced professionals to attend to your needs. Also, you have the benefit of knowing that our loans are secured by the Consumer Protection Bureau.
How to Apply For Online Payday Loans in Saskatchewan
It’s easy to request a payday loan. If you’re employed, and your salary is deposited directly into your bank account, you’re in a position to apply for this financial solution.
Northstar Brokers will offer you any amount from $300 to $3,000 immediately without checking your credit score if you meet the following requisites:
- You have an active chequing account for at least three months.
- You have stable employment for a minimum period of six months.
- You’ve lived in the same residence for six months or more.
- Your employer pays you via direct deposit or cheque.
- You’re not bankrupt, and there are no liens on your wages.
You’ll get cash within 30 minutes if you go to the Northstar Brokers office and apply for the loan in person.
You can also make the request online. If you submit your application before 11:00 am, Eastern Standard Time, we will wire the money to your bank account the same day. However, if you miss the cut-off time, you’ll have to wait 24 hours for your funds.
What Happens If You Skip a Payment?
If you’re unable to make your repayment for any reason, we will charge you additional interest and fees. Your debt will get bigger, and it’ll be more difficult for you to afford the next payment.
Advantages of an Online Payday Loan
The primary benefit of a payday loan is that you’ll be able to receive the badly needed cash almost immediately after you apply compared to borrowing from banks.
There are also no credit checks if you meet our criteria.
Disadvantages of an Online Payday Loan
Although it’s convenient to get a loan, be aware it comes with extremely high interest that can add to your financial burden.
The current range is between $15 to $20 for every $100 you borrow. From the annual percentage rate (APR) perspective, the charge on the principal is at least 400% and above.
Due to the exceptionally high cost of borrowing, you should only apply for a payday loan when you have no choice. Otherwise, it’s best to consider other personal financing options. Consult our professionals for advice.