Frequently
Asked
Questions

No it doesn’t. It take under 5-10 minutes.

Fund Loans makes the entire application process easy because it is done online from start to finish! Start by clicking on the “Apply Now” icon on the website, which you can access by laptop, tablet or mobile phone. Fill out each area of the online form truthfully and submit the
information.
Once we receive your information, we will approve, request more information or deny your
request, in an hour or less. Once approved, we will send you the loan agreement to sign
electronically.

Once you have signed and submitted it, we will transfer your money to your bank
account on the same day.

• You are 20 years of age or older
• You have had the same source of income for the past three months
• You have a net monthly income of at least $1000
• You work and get paid by direct deposit
• You have a Canadian bank account
• You have a valid mobile phone number, address, and email address
• You have to be a Canadian citizen living in Canada

• Ontario
• Alberta
• Saskatchewan
• British Columbia
• New Brunswick
• Manitoba
• Nova Scotia
• Prince Edward Island

Interest rates are set by provincial law and every province has its own interest rate:

• Alberta: $15 per $100 borrowed
• British Columbia: $15 per $100 borrowed
• Manitoba: $17 per $100 borrowed
• New Brunswick: $15 per $100 borrowed
• Nova Scotia: $19 per $100 borrowed
• Ontario: $15 per $100 borrowed
• Prince Edward Island: $15 per $100 borrowed
• Saskatchewan: $17 per $100 borrowed

It depends on your net income and other factors

We do not!

Yes you need to be currently employed to apply for a loan.

Yes you can!

Yes, of course.

Unfortunately, it is not possible, however we do encourage you to apply by computer, tablet or cell phone. If you have a question, you can always reach us by email at support@fundloans.ca.

No way. No cost and no commitment.

The loan must be paid off in full within 14 days, or two weeks, of your application’s signed approval. Payments are automatically debited from your bank account according to your loan agreement.

We strive to make repayment as easy as possible by directly withdrawing payments from your bank account. If a payment is returned to your bank for any reason, you will be charged a non-sufficient funds (NSF) fee. The fee depends on the province where you live. If you missed a payment, or you anticipate having inadequate funds in your account to make your payment on time, please reach out to a member of our customer service team. We would be happy to work with you on a repayment schedule. Contact support@fundloans.ca.

It is important that you contact us to make an arrangement. Yes at support@fundloans.ca.

There’s a few reasons that you’ve been charged an NSF fee, which can include a stop payment; not enough funds in your account when we tried to debit your account for the reimbursement of your loan or your account may be frozen. Contact us at support@fundloans.ca.

• Alberta: $25
• British Columbia: $20
• Manitoba: $5
• New Brunswick: $20
• Nova Scotia: $40
• Ontario: $25
• Prince Edward Island: $48
• Saskatchewan: $25

The reason is that our automated system that uses algorithms to analyze the information you provided came out with this number. We also want to be a responsible lender. However, If you pay your first couple of loans on time, you may receive an increase on the following loans.

No need to worry, it will be done automatically. Once it’s time to repay your loan, we will debit the amount from your account.

We’re only online. Everything you need is on our website www.fundloans.ca.

It’s important that you contact us before the due date. We will make arrangements, if possible. You need to know that if you still cannot pay after making arrangements, we will have to collect the money through either a collection agency or small claims court. Any loans made through Fund Loans have to be paid in full, including interest and any fees that have been added.

You can’t. It’s important that you pay your first loan before getting another.

Fund Loans will never share your personal information! We do not sell your information to other lenders, and and do not sell your information to third-party sites for advertising purposes.