Instant Funding offers online loans ranging from $200 to $1,200 with flexible repayment terms of 1 to 12 months. The application process is simple: select your desired amount and term, apply, and receive your funds. Eligibility requirements include being at least 18 years old, a resident of Canada, having an active bank account, a regular income via direct deposit, and a personal phone number. For instance, borrowing $1,000 over a 12-month period incurs a fee of $169.79, bringing the total repayment to $1,169.79. The monthly payment would be approximately $97.48 at a rate of 29.99%.
Instant Funding review
Instant Funding offers a convenient and swift solution for your immediate financial needs. With loan amounts ranging from $200 to $1,200, it provides a flexible range to cater to varying needs. The loan term is equally flexible, extending from 1 month to a full year, depending on your repayment capacity.
The process of borrowing is simple and straightforward. You begin by choosing the amount and term that suits your requirement. Following this, you apply for the loan. Once approved, the funds are transferred to your account, ensuring a hassle-free experience.
To be eligible for a loan, there are certain conditions that need to be met. You must be at least 18 years of age and a resident of Canada. An active bank account is a prerequisite, along with a regular income that is deposited via direct deposit. Also, you must have a personal phone number for communication purposes.
The repayment terms are transparent and clearly laid out. For instance, if you borrow $1,000 for 12 months at an interest rate of 29.99%, your monthly payment would be $97.48. The total cost of borrowing, in this case, would be $169.79, making your total repayment amount $1,169.79.
In conclusion, Instant Funding offers an accessible and flexible solution for those in need of quick financial assistance. With clear terms and conditions, it ensures a smooth borrowing experience.
Table of repayments
| Amount | Fee | Total payment | Term |
| $1 000 | $169.79 | $1 169.79 | 12 months |
$1000 borrowed for 12 months at 29.99% Monthly payment: $97.48; Total cost of borrowing: $169.79.