How to get Instant loans in Canada?

Everyone needs a loan once in a while to pay extra expenses or personal use, but banks take a lot of time to process a loan. To get an instant online loan in Canada, you can apply for a loan with a credit insurance company. 

These are online companies that provide loans instantly. The application process is streamlined, and the money is transferred quickly after the verification. Below are the reasons to apply for a loan with them

• The credit insurance companies use IBV(Instant Banking Facility) facility to fasten the loan verification process. Through the IBV facility, the vendor can look into your transaction and judge your payback capability. IBV facility allows lenders only to see your transactions. Therefore, they cannot tamper with your account.
• You can find the application form on the website of that credit insurance company. The whole process is online and takes 5 minutes to fill the form. The form has a section of IBV through which the lender can see your past transaction.
• The criteria to get a loan are simple - you must be of legal age as per your province, your weekly income should be more than $300 for the last 3 months, and you must have a valid phone number and email address.
• The loan payback time ranges from 2 years to 5 years with an easy EMI option. The best thing about these loans is they do not require a credit check.

These loans are a great alternative for bank loans and payday loans. If you want to get an instant online loan in Canada, visit felxiloans.ca