24/7 E-Transfer Installment Loans in Canada

What is an E-Transfer Installment Loan?

An e-transfer installment loan is a type of short-term installment loan that you can get from non-traditional, online lenders. It is called an “e-transfer” loan because the funds you get are electronically transferred to your bank account. This type of loan is often offered by the same companies that offer payday loans. It’s a fast and convenient way to get the cash you need, and it’s a good option for those who are having a hard time getting approved for traditional bank loans. 

What are the Pros and Cons of Installment Loans?

One of the main reasons why installment loans are prevalent is because they are very easy to get. They are an excellent way to get the cash you need quickly and easily, especially if you don’t have the time to wait for your bank to approve a loan. Installment loans are also more flexible, allowing you to set your own repayment schedule. Instead of having to pay off the entire loan amount in one lump sum, you can spread out the payments over a period of time that works best for you.

On the other hand, installment loans can be costly, just like any different kind of online loan. Most online lenders charge high-interest rates and fees, which can make it even harder to repay the loan on time. In addition, installment loans are not designed to be used as a long-term solution to your financial problems. They are only intended to help you deal with an immediate financial emergency.

Companies That Offer 24/7 E-Transfer Installment Loans in Canada

You’ll be pleased to know that there are many reputable companies that offer 24/7 e-transfer installment loans in Canada. Here are some of the online lenders that you can choose from:

ICash

ICash is a top-rated lender that offers installment loans of up to $1,500. They charge $15 to $19 per $100 borrowed, depending on where you are in Canada. They accept 2 to 3 installment payments with a loan term of up to 62 days.

Go Loans Canada

Go Loans Canada is another company that offers 24/7 e-transfer installment loans ranging from $500 to $1,000. They have an APR of 32% and accept 3, 6, or 12 installment payments with a loan maturity of 91 to 120 days.

Captain Cash

If you only need a small amount of fast cash, Captain Cash offers 24/7 installment loans of up to $750 with an APR of 22% and a $0.5 transaction fee. You can repay the loan for up to 3 months.

Helium Loans

Helium loan is an online lender that offers 24/7 e-transfer installment loans between $100 and $5,000. Their interest rates vary, so you may want to use the online calculator on their website to get an idea of what you’ll be paying. Their repayment term is between 3 months to 2 years.

Conclusion

Installment loans are an excellent way to get the fast cash you need in times of a financial emergency. If you have been searching for a loan that you can apply for online and have the money in your e-wallet within minutes, then you should check out 24/7 e-transfer installment loans.