Payday Loans Halifax
Life is difficult as is, and regardless of our lifestyle, we often find ourselves in difficult financial situations. However, not everyone has a rainy-day fund available for emergency expenses; this is where we come in.
According to recent studies done in 2019, the average employment income in Halifax is around $44, 100 and the average consumer debt is $35, 000. Out of the entire Halifax population, only 60% of them are employed.
Northstar Brokers offers payday loans to assist our customers with those financial obligations, making your life easier and giving you time to breathe. Get cash for emergency situations with a payday loan.
What Is a Payday Loan in Halifax?
Payday loans in Halifax are loans for people who need quick access to funds to help them in times of emergencies. To make wise lending decisions, you need to familiarize yourself with the Consumer Protection Act and the Nova Scotia Utility and Review Board.
According to the Financial Consumer Agency, a payday loan is a short-term, high-cost loan. It is called a payday loan because you need to repay it when you receive your next paycheck. The payday loan cycle and amount you lend depends on the loan agreement and your repayment capacity. You can either apply in-store or online via our website.
Get An Online Payday Loan in Halifax and Learn How It Works?
Each lender has its own specific requirements laid out for the applicant. They are straightforward and include common loan requirements such as employment status, age, citizenship, and account. You will have to fill out an online form with the above details.
To qualify for any payday loan, you must be employed and have the job for at least two months. You must also be a permanent resident or a citizen of Canada and should be at least 19 years. Also, the person must hold a bank account and have a valid phone number that you can be contacted with.
The purpose of the bank account is to automatically deduct the amount borrowed when the borrower received their salary. This amount is a total of money borrowed plus the interest charged by the lender, which will be revealed to the borrower once the payday loan is approved. Payday loan lenders have transparency and will not deduct any amount that isn’t specified in the agreed loan application form.
At Northstar Brokers, we offer flexible borrowing and have various services to assist clients with their financial emergencies. These include, but are not limited to:
- Payday loans in Halifax
- Cash advance
- Rebuild credit
- Express loans
- Credit consolidation
- No credit no checks
- Bad credit loans
- Instant loans with no refusal
- Installment loans
- Personal loans
- Fast cash loans
- Online loans
- e-transfer payday loans
What Do I Need to Apply for an Online Payday Loan in Halifax?
Even though we offer zero upfront fees and no credit checks, there are specific criteria you need to meet. To apply for a payday loan, you must:
- Be older than 18 years.
- Have a valid chequing account (account must be older than three months).
- Live at the same residence for more than six months.
- Have a permanent job for more than six months.
- Have a salary that is paid directly into your chequing account via cheque or direct deposit.
- Not be bankrupt or subject to wage garnishment.
Our loans are transferred within 24 hours to your bank account upon approval. Bad credit scores are not considered in your application so you won’t be barred from applying. Our payday loans do not affect your credit score and won’t appear on your credit report.
How Much Am I Eligible to Receive?
At Northstar Brokers, residents from Halifax can apply for a minimum of $300 and a maximum of $3000.
What is the Process?
You can follow these simple steps to apply for a Payday loan in Halifax:
You can complete the online loan application by filling in our online application form and providing us with your personal information, the reason for the loan, and banking details.The following documentation is required:
- Two ID photos with a proof of SIN;
- Proof of address (utility bill);
- Most recent two pay stubs;
- Voided check or pre-authorized debit form;
- Bank statement from the last 90 days.
Once you’ve applied, one of our agents will contact you within an hour to process your application – provided you apply during our business hours. Our approval rate is higher than that of the traditional banking system. The process from application to cash transfer takes only 24hrs.
Once your application has been approved and you meet the standard loan conditions, the funds will be deposited directly into your bank account via bank transfer, it takes only 24hrs to reflect.
Why Choose Northstar Brokers?
At Northstar Brokers, we take pride in helping our clients with responsible lending. We make sure that you can afford the payment terms before we approve your application to avoid late payment fees. Choose us for trusted and Canada-renowned loans.