Loan Away is an alternative lender with much more flexible approval criteria than any bank.
In fact, we approve a vast majority of the applications we receive.
Payday loans are very short term loans with annualized interest often exceeding 500%, typically due in 30 days or less. It is an extremely expensive way to borrow money and many people find themselves unable to get out of the viscous payday loan cycle.
With Loan Away you can borrow up to $5000 for as long as 36 months with rates starting at 19.9%. As a matter of fact, many of our customers use this opportunity to consolidate all their loans into one single loan, with much lower repayment instalments.
No. It’s entirely up to you what you spend your money on.
Initially, you can qualify for up to $5000. However, once we establish a relationship with you, higher amounts could become available to you.
All you need are 2 pieces of ID and proof of income. These are the only mandatory requirements.
It takes 8-10 minutes to fill out the application, and most applications will get approved within 30-60 minutes.
Our live online agents are available to answer all your questions, specifically look into your situation and offer a credit solution that is right for you. We can look at your current obligations, customize terms and come up with a single affordable payment that will allow you to get out from never ever ending payday loan cycle.
Yes. We do believe in second chances. We will carefully review your situation, and likely will still be able to approve you.
You need to reside in ether Alberta, BC or Ontario, be a permanent resident in Canada, and have a steady source of income.
You don't have to worry about paying a bill, payments will be automatically debited from your bank account.
Yes, our loans are fully open - there are no penalties for paying them off early.
Loan Away uses the industry’s best security solutions, similar to what banks use to protect your personal information. We also use encryption to protect most sensitive points of your personal data.
We will maintain your own secure profile on our website www.loanaway.com where you can update your information, send us a message or request another loan.
We will notify you of a decision in as little as 30 minutesApply for your loan now