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E-Transfer Loans: Get Up To $10,000 Cash Today

Written by Jessica Steer
Do you need a cash loan fast? How about on the same day? Before you apply for a payday loan and get trapped in an endless cycle of paycheck-to-paycheck interest, you might want to consider an e-transfer personal instalment loan from a trusted online lender instead. You can apply online 24/7 and receive your funds into your bank account via e-transfer within 24 hours. If that checks all your needs, here’s what you need to know.
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    Imagine this scenario: You’re in a pinch and need some extra cash, fast. Maybe you just had an unexpected expense, one you couldn’t avoid because—let’s face it—life happens. So now you’re short on money for rent or other important bills. What do you do? 

    When financial emergencies strike, there are several ill-advised or inconvenient options available to you. You could visit a payday lender or a bank. Unfortunately, payday loans in Canada will saddle you with astronomical interest rates, and the approval process with traditional lenders (like banks) requires enormous amounts of paperwork and takes several days. 

    Luckily you can avoid all of those scenarios by applying for an e-transfer personal loan from a trusted online lender instead. 

    Even if you urgently need an ODSP loan or CCB child tax loan, reputable lenders like Spring Financial can get the money to you in a matter of hours thanks to e-transfer technology.

    Need instant cash without the risks that come with payday loans? It takes three minutes to get approved for your e-transfer instalment loan today.

    How instant is an e-transfer loan?

    Modern technology has transformed financial services, including cash loans and cash advances. Just as you can hail a cab from your couch using an app on your phone, you can apply for an e-transfer loan (aka email money transfer loan) online. A few taps of your finger and you’re done. And thanks to the speed of e-transfer technology, the money gets deposited into your account in a matter of hours

    This means you don’t have to take that sheepish walk into a payday lender, spend hours in a bank, or make an awkward call to a family member asking them for a lend of money. You can apply for an e-transfer loan from anywhere, anytime. 

    Most importantly, e-transfer loans give you peace of mind. When an emergency strikes, you can be financially covered right away. 

    Payday loans vs. personal loans: What’s the difference?

    The online services of some payday lenders boast e-transfer technology too, but personal instalment loans are more beneficial for a couple of important reasons. 

    Whether you apply in person or online, payday loans strap dangerously high interest rates to your loan (as high as 600% in some cases!) and expect the full loan amount to be repaid incredibly fast (sometimes as soon as two weeks). 

    An e-transfer personal instalment loan from a trusted online lender, by contrast, offers more reasonable interest rates and does not require you to pay back the entire loan amount immediately. With a personal instalment loan, you can pay the amount back bit by bit each month. In turn, this positive payment history will help boost your credit score, which is a nice bonus.

    What to look for in the right e-transfer loan 

    Not all online lenders are created equal. It pays to do some minor homework before you choose where to apply for an e-transfer loan. Here are a few things to look for: 

    1. Customer reviews 

    Any online lender worth applying to will have plenty of customer reviews available online—and not just on their own website. Check their reviews on sites like Trustpilot, Feefo, and Google. 

    2. Speedy service 

    The main benefit of seeking an e-transfer loan is speed. How soon will the money be available to you? And will it be deposited directly into your account? The most technologically advanced online lenders will deposit your loan amount into your bank account within hours. 

    3. Terms & conditions

    Before you sign anything, examine the conditions on your new loan. Are there advance fees and is the repayment schedule unmanageable? These should be avoided if possible. Reputed online lenders charge zero advance fees and offer flexible repayment plans.

    If you choose a personal instalment loan with a longer repayment plan, a flexible lender will let you pay off the loan at any time to help you save on interest charges. This is what's known as an open-ended loan. 

    Get an instant e-transfer loan today

    Spring Financial offers same-day e-transfers and applications only take a few minutes online.

    Have you been hit with a large and unexpected expense? It takes less than one business day to get approved for a personal loan up to $10,000, and you can do it all 100% online.

    Here's why more Canadians are choosing Spring: 

    • Poor credit? No problem: You can get approved even if you have bad credit, are new to credit, or have filed for bankruptcy. Whatever your credit situation, Spring Financial can help you. 
    • Flexible payment plans: Select a short term loan or longer term to make lower monthly payments or a shorter one if you want to pay your loan back as quickly as possible.
    • Trusted reputation: Spring Financial is trusted by Canadians across the country. See what they have to say on Trustpilot and Feefo.
    • No hidden fees: Our terms and conditions are transparent and our loan agreements are easy to understand. And you’ll never pay a dime in application fees, maintenance charges, and other hidden costs.

    How do I apply with Spring Financial? 

    Click here to fill out an application form. It only takes 3 minutes!

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