Short-Term Loan in Canada
Life’s uncertainties can lead to unexpected financial surprises.. After all, even the best-laid financial plans often go wrong.
Even if you’ve dutifully paid down debt, saved for emergencies, and have the appropriate insurance — it’s common to find yourself in a financial situation that demands immediate cash infusion. Northstar Brokers offer short-term loan in Canada to face unexpected financial difficulties.
It’s even more common to find yourself in a tight spot financially when you’ve bad credit, poor credit score, or insufficient credit history.
Loans for unexpected expenses
To finance an urgent need for cash, a short-term loan is probably the most appropriate solution. Unfortunately, getting this kind of financial support from a bank or a lending institution is often more complicated than one would hope. And, as is generally the case, if that particular lending institution decides to verify your past as a borrower, things can become even more complicated. In fact, a credit check can affect your score and thus strongly reduce your chances of getting a short-term loan.
Why you should get a short term loan in Canada?
Urgent financial needs require an immediate response. There’s no reason for us to slow you down, either. With Northstar Brokers, you can apply and get an instant loan in three simple steps on our website without taking the excruciating path of credit check.
What Can You Use Short-Term Loans For?
Short-term loans are excellent when in need of emergency cash to cover urgent costs. That way, you can solve pressing financial needs like:
- Urgent expensive bills: like a sudden but urgent medical bill or a costly repair of your car
- Late rent payment: when you’re temporarily short on funds
- Covering expenses to avoid service disruption: like preparing your car to be able to get to work tomorrow
- To improve your credit score
- Make on-time payments to avoid penalties
- To rebuild debts that could otherwise attract hefty penalties
- To cover for holidays so that you don’t compromise the happiness of your family when they need it most
- Pay mortgages so that your mortgage company doesn’t take action against you, especially when you’ve delivered late payments previously.
- Paying unexpected debts to consolidate your debts, for example if you inherited debt when your loved one dies
Our goal is to help you get funds quickly to cover an immediate expense, while saving your other financial resources for your current needs.
When is Short-Term Loan in Canada is Suitable?
While short-term loans from NorthStar are easy to apply for, easier to qualify for, and more quickly funded than a traditional business loan, they come with high-interest rates.
For that reason, they’re only suitable if you’ve exhausted all of your cash reserves.
Northstar Brokers when you need cash immediately
Fortunately, these days, you can overcome this obstacle by applying for a short-term loan in Canada without undergoing a credit check with Northstar Brokers. Indeed, this type of loan could bridge the gap between your emergency cash requirements and the money you have on hand to relieve the mental pressure.
Do you need urgent financing?
As with any loan, it all begins with a need for financing. In this case, it is a need for financial support to satisfy an urgency that requires an immediate financial response. More specifically, you can seek a loan without undergoing a credit check in order to deal with a difficult financial period.
Pay your bills with Northstar Brokers loans
With Northstar Brokers, you can obtain money to pay urgent bills to avoid a service disruption, to pay your rent, or to make a payment on time to prevent incurring additional penalties. The goal is therefore to help you get funds quickly to cover an immediate expense, while saving your other financial resources for your current needs.
What Are Short-Term Loans in Canada?
A short-term loan is a quick loan. As the name suggests, short-term loans require quick repayment — usually one year or less. How you repay a short-term loan differs depending on the type of loan you choose to go with.
We offer short-term loans in Canada for relatively small amounts, typically between $300 and $3000 payable with fixed monthly or biweekly payments.
Depending on the type of short-term loan you’ll take, the annual interest rate (APR) differs.
Northstar Brokers Best Short-Term Loan in Canada
In Canada, there are a gazillion of short-term loan brokers. However, Northstar Brokers is known for its versatile options of short-term loans in Canada with quick turn-around time and flexible terms depending on your financial need.
For that reason, it’s even possible to get a short-term loan when you have poor credit scores.
Today, you can take a loan with the lowest cost of borrowing possible of $12 per $100 of the principle, which is due on the next payday.
Short-Term Loan Even With Bad Credit
With Northstar Brokers, you don’t need to worry about credit checks or credit history. We’re non-discriminating. We believe your past shouldn’t define your future. That’s why we’ll get you a quick loan no matter your credit score or history.
You Require No Credit Check, and It’s Completely Confidential
At Northstar Brokers you don’t have to be the perfect lender, our brokers don’t ask to have need to have:
- A perfect credit score: because emergency financial needs are uncertain
- A near-to-excellent credit history: because this might be your first loan ever
- Guarantors: we’ll only consider your ability to pay back
- Any collateral: we’ll take the risk
Proof of sufficient income to get your short-term loan in Canada
All we’ll need to get you short-term loans in Canada is proof of sufficient income so that we’re sure of repayment, regardless of your credit score or history. We don’t discriminate. We’ll support you in your most trying times without dwelling on any adverse credit history. All we’ll need is proof of sufficient income, and we’ll get you the financial support you want.
No credit check is required, and it’s completely confidential
The first principle of a money loan without a credit check is that it can be granted to any applicant with sufficient income to guarantee repayment, regardless of their credit score.
Contrary to what is normally done by the personal loan institutions, you will not be required to undergo a credit check whose results could be an obstacle to obtaining urgent financing. Lenders involved in this operation are willing to “take a risk” to support you without dwelling on any adverse credit history.
Loans with poor credit score with Northstar Brokers
In clearer terms, there is no discrimination, and you can then apply for a loan even with a bad credit score. Furthermore, as with any financial process, your privacy is paramount. Your personal and financial information will be handled and kept securely.
What’s the Difference Between Short Term and Long Term Loans
The main difference between short-term and long-term loans is the repayment period. Another thing that separates short-term loans Canada from long-term loans is the amount we offer. We offer $300 – $3000 loans that you can use for emergency expenses, while a long-term loan gets you the amount to fund large projects like buying a house.
Short-term loans
Short-term loans like payday loans have short payback periods —usually between two weeks to a couple of months. At Northstar, we can offer you a maximum amortization period of 2 years. Beyond two years, we classify the loan as middle-term.
Long-term loans
On the flip side, long-term loans have longer repayment periods, going for over 20 years. Unfortunately, NorthStar does not offer such types of loans.
Submit an Application Online
Your needs are urgent, so should start your loan application process in three simple steps:
Step 1: Fill in an online short-term loan form and once we collect them, we’ll quickly forward it to our finance company for approval
Step 2: Sign a contract after we’ve approved your documents
Step 3: Get the money. We’ll send your signed documents to our finance company so that they deposit the money into your account
Get Your short-term loan in Canada in less 24 Hours
You don’t need to file lots of documentation or spend a huge chunk of time checking your credit score when your primary intention is to handle an urgent need. We handle each application as soon as possible.
After receiving your application, we’ll contact you in the next few hours to sign the contract before our finance company deposits the money into your bank account.
The entire process for express loans takes less than 24 hours so that you can have access to your money to cover your urgent needs.
What are the different loan types
Canada has a gazillion types of short-term loans — each with varying terms, characteristics, and interest rates. Here are the ones that Northstar brokers offers you.
Payday Loans
On the other hand, a payday loan is a short-term loan that covers urgent expenses and requires payback on your next payday. What makes NorthStar’s payday loan outstanding is that we give you access to money very quickly, with minimum requirements, regardless of your credit score or history.
However, our payday loan can’t be a long-term solution. You should only take it when you you’re in real urgency.
What do you need to do to get a payday loan in Canada
We present to you payday loans ranging from $300 to $3000 regardless of your credit score. All you need is to:
- Provide two photos of identification
- Proof of your social insurance number
- Proof of residency
- The last 90 days bank statement
- Your last two pay stubs
You’ll start repaying your loan agreement as soon as you receive your next payday. However, we can offer you a maximum amortization period of 2 years.
Credit Card Cash Advances
A cash advance is a short-term loan we give you against your card’s line of credit to help you cover emergencies, bad checks or late payment penalties, or any other unexpected expenses.
Even though we offer cash advance loans easily than a bank loan, you must meet our minimum criteria. You must:
- Have a valid checking account that’s at least three months old
- Have been working full-time for at least the past six months
- Prove residency in an address for a minimum of 6 months
- Be receiving salary by direct deposit or by check
- Not be in a state bankruptcy
- Not be subject to salary seizure
When you tick all the above criteria, we’ll offer you a cash advance starting from $300 to $3,000.
Personal Loans
A personal loan is an amount you can borrow for a short term to help you with emergency expenses. We’ll offer you an unsecured personal loan (we won’t ask you for collateral) to act as a supplementary source of income in a time of need. Unlike traditional personal loans, we won’t consult your creditworthiness to decide to lend you.
At Northstar Brokers, we’re ready to grant you a personal loan even with bad credit because some emergencies come at the wrong time in life. Even though good credit scores can save you money, we believe your past shouldn’t affect your future. That’s why the personal loan we offer can be beneficial if you take it for the right reasons.
Short Term Installment Loans
An installment loan is any loan that is repaid with regularly scheduled payments or installments and easy repayment terms. For each installment payment, you repay a portion of the principal you borrow and interest on the loan.
We’ll offer you installment loans starting from $300 to $3,000.
Who is Eligible For NorthStar Short-Term Loan in Canada
Anyone able to provide proof of income can qualify for a short-term loan on Northstar Brokers. For all the short-term loans we offer, you’ll need to present:
- Two pieces of a photo ID and proof of your social insurance
- Proof of address (service invoice)
- Your last two pay stubs
- A specimen check — pre-authorized debit for
- The last 90 days of your bank statement
Criteria you need to meet to get a loan with Northstar Brokers
Although obtaining a short-term loan on Northstar Brokers is easier than getting it from a bank loan, you’ll need to meet the following criteria:
- Provide a valid checking account for at least three months
- Have had a full-time job for at least six months
- Reside in the same address for at least six months
- Get salary through check or direct deposit
- You don’t need to be bankrupt or subject to wage garnishment
How Do You Qualify for a Short-Term Loan in Canada?
To apply for a short-term loan in Canada with Northstar Brokers, you must meet the following requirements:
- Be at least 19 years
- Be a Canadian citizen and a resident of Prince Edward Island, Alberta, Ontario, Manitoba, British Columbia, Nova Scotia, or New Brunswick.
- Has employment with the same employer for the past three months
- Have a net income of at least $800/month
- Receive your pay by direct deposit
- Hold a Canadian bank account that has been active for the past three months
- Have a valid home address
Pros of Short-Term Loans in Canada
- Quick funding time: you don’t need mind-blowing procedures to qualify for a loan
- You qualify for short-term loans on Northstar Brokers even when you’ve poor credit score or insufficient credit history
- You require limited paperwork to process short-term loans
- Personal loans have quick processing
Get a Short-Term Loan of Any Kind with Northstar Brokers
At NorthStar brokers we offer all kinds of short-term loans so that you never run out of options. We’ll empower you to tackle unforeseen circumstances with confidence with:
- Cash Advance Loan
- Payday Loans (also payroll loans)
- Loan without a credit check
- Bad credit loans
- Personal loans without refusal
- Installment loans
- Debt consolidation loans
- Redeem your credit loans
Contact Northstar Brokers for your short-term loan in Canada
Because your need is urgent, the process is quick and easy. All you need to do is complete the online application form and provide the documentation required to create your file, including your identification, proof of residency, recent payslips and bank statements.
The objective here is not to evaluate your potential creditworthiness or to inquire about your borrowing past, but more to better understand your need, and to verify your identity and your overall ability to repay the loan requested.