Company Information
Main Office: 555-21, 10405 Jasper Ave, Edmonton, AB T5J 3S2, Canada
Business Hours: Monday to Sunday: 8AM to 5PM
Email: [email protected]
Phone: +1(866)-478-4199
GoLoans claims to be Canada’s one of the most popular alternatives to payday lending. Based in Edmonton, Alberta, GoLoans provides no credit check installment loans to Canadians who need money fast. With a goal of helping customers get back on their feet quickly, GoLoans is committed to fast and hassle-free loan applications and approval in just under an hour.
Installment loans are short-term, unsecured loans that are paid back over a set period of time. They are a great option for those who need quick cash but have poor or bad credit. Unlike traditional payday loans, which are often considered high-interest loans, installment loans offer lower rates and better terms.
A quick glance on GoLoans’ website will tell you that they are an online lender, which makes them very easy to apply for. In fact, all you need to do is fill out a short online form and the company will evaluate your application and provide you with an answer within 60 minutes of your submission.
GoLoans aims to fill in the gap between payday lenders and traditional banks by offering decent interest rates and quick approval. With a long list of satisfied customers, there’s no doubt that GoLoans is poised to become a household name in the Canadian alternative lending market.
Types of Loans
One of the biggest challenges that consumers face when searching for a non-traditional loan provider is they are bombarded with terms and services that are too complicated for them to understand. On the contrary, GoLoans has simplified their services by offering an all-in-one solution – no credit check installment loans.
No Credit Check Installment Loans
Unlike traditional financial institutions like banks and credit unions, GoLoans does not discriminate against borrowers who have had some credit issues in the past. No credit check installment loans are perfect for people who have bad credit or no credit because they are easy to obtain and come with lower interest rates than payday loans.
Below is a quick overview of GoLoans’ no credit check installment loans to help you decide if this is the right type of loan for you.
Loan Amount: $500 to $1,000
Interest Rate: 32% APR plus $1 transaction fee. Non-qualifiers may need a surety to get approved
Repayment Period: Repay in 91 to 120 days
Repayment Schedule: Weekly, Every Two Weeks, Monthly
Credit Check: Not required
Credit Score: No credit requirement
Funds Availability: Same-day fund transfer (upon loan application approval)
To qualify for a GoLoans installment loan, you need to comply with the following requirements:
- You must be 18 years old or older
- You must have a Canadian bank account (active for at least 5 months). This bank account must be where your employer deposits your salary. GoLoans does not accept Koho.
- You must have a stable job and a monthly salary of at least $1,600.
- You must not be bankrupt or in a consumer proposal.
- You must have a few non-sufficient fund transactions.
- You must have a low short-term debt ratio.
GoLoans offer installment loans across major cities and territories in Canada, including:
- Alberta, AB
- British Columbia, BC
- New Brunswick, NB
- Ontario, ON
- Newfoundland and Labrador, NL
- Prince Edward Island, PEI
GoLoans accepts bank accounts from some of the biggest banks in Canada, including ATB Financial, TD Bank, Scotia Bank, RBC Royal Bank, CIBC, and more. They also use Interac E-Transfer to make funds available to their customers immediately after loan approval.
Why Choose This Provider
In addition to being a part of Dashloans Group of companies, a network of some of the most trusted lending providers in Canada, here are the top reasons why you should consider getting an installment loan from GoLoans.
Direct Lender
GoLoans is a direct lender, which means that they do not work with any intermediaries or brokers. This allows them to provide their customers with a faster service, as well as better rates. When you work with a direct lender, you don’t have to worry about additional fees or hidden costs.
One-Hour Approval
Applying for an installment loan from GoLoans is fast and easy. Once you fill out the short online form, the company will evaluate your application and provide you with an answer within 60 minutes of your submission. This is much faster than traditional lenders who can take days or even weeks to process applications.
More Affordable Than Payday Loans
Unlike payday loans that come with exorbitant Annual Percentage Rates (APRs) that can go as high as 400% to 500%, GoLoans’ only charge an APR of 32% plus a $1 transaction fee. This makes GoLoans an ideal choice for people who need a short-term loan but have no access to traditional financing options.
Industry-Grade Encryption
All of the information you provide to GoLoans is encrypted to ensure your privacy and security. GoLoans uses industry-leading encryption technology to protect your personal information, so you can rest assured that your data is safe. They are fully committed to maintaining the highest level of security standards and privacy and will never sell or share your information to any third party.
No Hidden Fees
When you apply for an installment loan with GoLoans, you won’t have to worry about any hidden fees or charges. The cost of borrowing is clearly stated on GoLoans’ website, so you’ll know exactly what you are getting into. GoLoans’ commitment to transparency and honesty is one of the top reasons why they are trusted by Canadians across the country.
No Hard Hit Credit Check
Unlike other lending institutions, GoLoans doesn’t require a hard credit check before providing you with an installment loan. This means that you don’t have to worry about having a poor credit score. Whether you have bad credit or no credit for as long as you can demonstrate that you have a steady source of income, GoLoans can help you get the financing you need.
100% Paperless Application
When you apply for an installment loan with GoLoans, you don’t have to print anything out. You simply fill out the online form and submit it. All of the company’s forms are completely paperless, so you can complete your application without ever leaving your home.
Unsecured Loan
Unlike other lending institutions, GoLoans does not require collateral to approve your loan. This means that you don’t have to worry about having to put up any assets as security. This makes it easier for people who have bad credit to borrow money, as they don’t have to worry about losing their car or their house.
How to Avail GoLoans’ Services?
Are you ready to apply for an installment loan from GoLoans? Below is a detailed guide to help you through the application process.
Visit GoLoans’ website and click the “Claim Your Cash” button on the upper right hand corner of the screen to get started.
In the next window, you’ll need to provide your personal information. All fields marked with an asterisk (*) are required, so make sure to enter your correct information.
You’ll need to provide the following basic information:
Full Name
Gender
Email Address
Phone Number
Residential Address
When you’re done, click the “Continue” button.
On the topmost part of the screen, you’ll be able to see the progress of your application, so you can easily keep track of your application status.
The next window will require you to provide your source of income. This part is crucial because it can make or break your application, so make sure you answer all questions honestly.
In this section, you’ll need to provide the following information:
Source of Income
Employer Name
Hiring Date
Job Title
Supervisor Name
Office Phone Number
Office Address
Click “Continue.”
You’ll be redirected to another window where you’ll need to provide your current financial information:
You’ll need to provide the following:
Social Insurance Number
Your Bank
Pay Frequency
Your Next Pay
Click “Continue.”
Once you have submitted your financial details, you’ll need to provide at least one character reference.
Click “Continue.”
You’re almost done. The next step is to choose how much you want to borrow, your chosen repayment period, and the purpose of the loan. Then you’ll have to agree with GoLoans’ Terms and Conditions to finalize your application.
Just click the “Submit” button and you are good to go. The entire application process only takes about 5 to 10 minutes, which makes it very convenient.
Frequently asked questions
Do I need a good credit score to apply for an installment loan with GoLoans?
Is GoLoans a safe place to borrow money?
Do I need to pay any fees to apply for an installment loan with GoLoans?
How much money can I borrow with GoLoans?
How long does it take to receive my loan?
Conclusion
GoLoans is a reputable lender that provides fast and convenient installment loans. They offer competitive interest rates and flexible repayment options. If you need some fast cash to settle an unexpected expense but don’t want to take out a very expensive payday loan, an installment loan from GoLoans could be a great option for you.
Aunt Piggyy
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