Payday Loans Scarborough

When a month is particularly difficult and filled with unexpected expenses, you may find yourself weeks away from your next paycheque and without enough money to sustain you until then. In times of need, credit facilities like Northstar Brokers are there to help you bridge that gap with payday loans in Scarborough, Ontario. 

A payday loan is a short-term loan that must be repaid when you receive your next check. At Northstar Brokers, payday loans are easily accessible with few requirements and no credit checks. 

Due to their convenience, payday loans have a higher interest and a shorter repayment period than traditional loans. However, unlike traditional loan facilities, Northstar Brokers can loan you between $300 and $3000 on the same day of application.

How Do I Qualify for a Payday Loan?

In order to determine if you qualify for a payday loan in Scarborough at Northstar Brokers, you must meet the following requisites:

  • A chequing account that has been active for a minimum of three months.
  • Six months of stable employment.
  • A singular residence for a minimum of six months.
  • A salary paid through a cheque or direct deposit.
  • You haven’t faced bankruptcy or are not subject to wage garnishment.

In addition to these requirements, our agents will assess if you are capable of repaying the loan by checking if you have any judgments against your name or have been subject to bounced cheques.

Which Documentation Do I Need?

Our process is easy and accessible, so applications only need the following documentation ready when applying: 

  • Two ID photos and proof of your SIN;
  • A proof of address (utility bill);
  • Two of your most recent pay stubs;
  • A bank statement from the last 90 days.

Please keep these documents on hand and ready to fax if you apply online. You can bring these documents along should you apply at one of our offices

Things to Consider Before Getting a Payday Loan in Scarborough 

Before you decide to apply for a payday loan Scarborough, consider whether you’ll be able to repay the loan. It is recommended that you create a budget of your expenses with the additional repayment amount to determine if you can afford it in the long run. At Northstar Brokers, we won’t allow you to trap yourself in a debt cycle. Our agents will guide you through the process to ensure that you make the correct decision for your wallet. 

When to Use a Payday Loan in Scarborough?

A payday loan can be used for any expense you have. If your car broke down and needs to be serviced in the same month as your child’s birthday, a payday loan Scarborough, Ontario can be of assistance. Or perhaps you miscalculated your budget and forgot about the water bill. No water? No problem, Northstar Brokers has you covered. 

What If I Miss or Make A Late Payment? 

Missing a payment with Northstar brokers is not the end of the world. Ensure that you contact us 48hrs prior to your repayment date to alert us. We will work out an amicable plan that satisfies both parties. However, please note that a missed payment accrues a $40 fee that is payable at the end of the contract. Luckily, a missed or late payment won’t affect your credit score.

Why Choose Northstar Brokers?

Northstar Brokers is a respected and reputable credit facility that has served Canadian residents for more than 12 years. We comply with the Payday Loans Act, 2008, and only work in order of the Customer Protection Bureau. Our loans are adaptable to your situation as our customers are our highest priority. Visit us today to experience Northstar Broker magic.

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