Frequently Asked Questions
Most frequent questions and answers
People with short-term, urgent financial needs frequently turn to Ontario Cash for fast and reliable assistance. Our lenders provide loans around the clock that can be completed online without any paperwork or frustrating phone calls. You submit an application from your computer, get approved (or within one business day) and have funds deposited into your account by tomorrow! It’s quick, easy and hassle free — just like we promised it would be.
Our lenders do not do a credit report. We may use credit bureau to verify identification, which leaves no effect on your score and is invisible to other lenders.
When you choose to apply for a loan, you will need to be prepared with the documentation we require. Once your application is complete and approved, it typically takes one business day or less before funds are transferred into your checking account.
The payment will be automatically withdrawn from your bank account on the day you’re due to repay your loan.
The interest rates for payday loans are different depending on your province, and are generally in range of $15-20/$100 borrowed.
Your payment will not show up on your credit report or affect your score as our lenders are a short term lender.
It’s important to be honest with yourself and others about your financial situation. If you know that you will miss a payment, reach out to the lender or loan servicer as soon as possible so they can work on an installment plan for repayment of what is owed.