Cash 4 You Installment Loan Review

Founded in 2001, Cash 4 You has grown to become one of the most trusted lenders in the country. They have more than 100 financial service centers in Ontario, catering to the financial needs of the under banked population. Since Cash 4 You is an alternative finance company, it’s expected that their APR will be higher than those offered by traditional lenders. This is quite a common practice in the industry because the risk associated with these loans is higher than those offered by banks and credit unions.

What Services Does Cash 4 You Offer?

Cash 4 You are a non-traditional loan service that offers a wide range of cash loans to help people get the money they need when they need it most. Here’s a quick breakdown of the different types of loans that Cash 4 You offers:

• Installment Loans
• Payday Loans
• Western Union Transfers
• Cheque Cashing

If you’re looking for fast cash to pay for an unexpected bill or car repair, Cash 4 You installment loans might be the best option for you. Unlike a payday loan, an installment loan isn’t a loan you have to pay back in full in one month. Instead, you’ll pay back a small amount of money each month until you pay back the total amount of your loan. 

How to Qualify for Cash 4 You Installment Loan?

If you want to qualify for Cash 4 You Installment Loan, you must:

• Be an Ontario resident with a valid government-issued photo ID
• Be at least 18 years of age
• Have a steady source of income
• Have an open and active bank account

You will also be required to send an online application form on Cash 4 You’s website, which will ask you a few questions about your financial situation and your credit history. Cash 4 You require a hard credit pull to check your credit score, but it’s important to note that it’s not the only factor that affects your loan approval.

How Much Can You Get From Cash 4 You’s Installment Loan?

The amount of cash you can loan under Cash 4 You’s installment loan service is between $1,000 and $15,000. You’ll be required to make a fixed payment each month, for up to 60 months, depending on the amount of money that you borrowed.

Cash 4 You’s APR is 46.93%, which is pretty standard for an installment loan. However, there are other lesser known installment loan companies out there that offer lower interest rates, so it’s worth checking out a few of those if you’re looking for the best rates.

Cash 4 You Unique Selling Proposition

Cash 4 You is an excellent option for those who need fast cash and don’t want to deal with the hassles of a traditional loan. Here are some of the reasons why Cash 4 You’s installment loan service is so popular:

• Cash loan up to $15,000
• 100+ physical locations across Canada
• Quick and easy online or in-person application. 
• Do not discriminate against people with low credit scores. 
• Repayment structure of up to 60 months. 
• No hidden fees, no closing costs, no-prepayment penalties.
• Does not require any collateral. 
• Speedy approval.
• Operational since 2001.

Cash 4 You reputation in the industry is unquestionable. Many of their previous customers come back again and again for their fast cash loans. This is evident in the hundreds of positive reviews from their customers online. 

Other Lenders that Offer Installment Loans

Cash 4 You is only one of the many companies that offer installment loans in Canada. Here are a few other options that you might consider:

Mogo

Mogo is a lender that offers installment loans ranging from as low as $500 up to $15,000. Their loan duration lasts between 12 months to 60 months, and their APR ranges from 29.99% to 47.72%. 

Money Mart

Money Mart is a top-rated loan provider that offers a wide range of fast cash offers, including installment loans of  $120 to $15,000, with a maturity period of up to 60 months. In addition, their loans come with a 29.90% to 46.90% interest rate, depending on the loan amount.

Fairstone

Fairstone is another non-traditional lender that offers installment loans of up to $30,000, significantly higher than the amount of cash that most other loan companies in Canada offer. In addition, you can repay your loan between 6 months to 120 months with an interest rate of up to 39.99%.

Cash 4 You installment loan service is excellent for those who are looking for an established company to deal with. However, if you are considering an even better deal, other installment loan companies out there offer lower interest rates. 

Conclusion

Cash 4 You’s installment loan is a great option for people who need money right away but don’t have a credit history or the time to wait for a traditional loan. However, be aware of the high-interest rates that come with Cash 4 You’s installment loans, which can be as high as 46.93%. There’s no denying that Cash 4 You is a legitimate lender but don’t forget to compare the rates and fees of other lenders to get the best possible deal on your installment loan.