Installment Loans with No Credit Checks: Urgentmoney is a loan lending company which provides Installment Loans with No Credit Checks to Canadians. The loan amount is offered to beneficiaries directly into their bank account a few hours after approval of the loan application. Installment Loans are highly preferred by borrowers considering their benefits.
Everyone faces the situation of urgent bills in the middle of the month. The short-term loans offered by Urgent Money will help pay those bills. The company provides short-term installment loans with no credit checks. Check out the following section and get information regarding the $1500 Loan with a fast approval application process, eligibility criteria and more.
Installment Loans with No Credit Checks
The company provides Urgent Money Installment Loans with no credit checks at a higher interest rate due to the risk involved with people with bad credit—for example, a CAD 700 loan with a biweekly payment of 153.41 CAD. So, the total amount a borrower will get is $1227.28. The above-mentioned example has been provided for descriptive purposes.
It also considers the situation that the withdrawal has been returned following the agreed repayment schedule. It also includes the membership fee. Please note that the membership amount can be changed at any time. The loan amount will be transferred into the account of beneficiaries shortly after the approval.
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Eligibility Criteria to Get a $1500 Loan with Fast Approval
The following are the required eligibility criteria which must be followed by beneficiaries to get benefits of the Installment Loans with No Credit Check:
- Applicants should be Canadian citizens.
- The age of the Canadians should be at least 18 years old.
- Applicants should have a steady job for more than 3 months.
- Their short-term debt ratio should be low.
- They must not be declared bankruptcy
- Applicants must not be planning to do a bankruptcy
- Consumers should not be planning for a consumer proposal
- Beneficiaries should have a monthly income of at least $1,000
- Applicants should provide bank statements for the last three months.
Situations That Are Not Favourable for Installment Loans
The following section provides information regarding the situation who are not favoured by the company while providing the Installment Loans with No Credit Check. The following are those situations:
- Applicants are self-employed
- Beneficiaries have student loans which need to be paid
- Getting benefits of a private pension
- Borrowers getting a disability income
- Welfare
- On child tax credits
- Living off retirement savings
- Applicant is a student
How to apply for the Urgentmoney Installment Loans with No Credit Checks?
Readers who have learned every essential information regarding Installment Loans can understand the loan application process here. The following is the step-by-step process which helps candidates submit the Installment Loans with No Credit Checks Application:
- Start the process by searching the website of Urgentmoney using this link: https://urgentmoney.ca/
- Seconds after searching the link, the home page of the website will open on the screen.
- Now, you will see a few options at the top of the screen.
- Find and click the Request Installment Loans option to move to process forward.
- The application form will open on the screen. Provide details like name, email, phone number and others carefully.
- After that, click the submit button to complete the first stage.
- Now, you should go to the email application.
- Find the email received from Urgentmoney and get the login credentials.
- After that, use those login credentials and click the application link on the dashboard.
- Continue the application form and click the submit button to complete the application process.
- The officials will verify the details and once the application is approved, the money will be transferred shortly into the beneficiaries’ account.
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Frequently Asked Questions
How much can I borrow?
The company lets the borrowers borrow the amount between $500 to $1500.
What are the benefits of Urgentmoney Installment Loans with No Credit Checks?
Some of the key benefits of Urgentmoney Installment Loans are as follows:
The company does not check the credit score of the beneficiaries, The loan amount is provided within a few hours of approval of the loan application and no need to physically visit the office to get a loan.
What is the interest rate on the $1500 Loan with Fast Approval?
Usually, the companies charge low interest rates on installment loans. However, the Urgentmoney interest rate is higher due to the service of no credit check which increases the risk. To know the exact amount, one will have to apply.
How long do I have to repay the loan?
According to the information provided by the company, they provide around 120 days i.e., almost 4 months to borrowers to repay the loan amount along with the charged interest rates.
