MDG offers online loans ranging from $100 to $3,000, with a term of 1 month. The maximum online loan amount is $2,200. The borrowing process is straightforward: apply online, get approved in less than 24 hours, and receive funds directly into your account. Loan terms require applicants to have equity in their car, a valid driver’s license, be a permanent Canadian resident aged 18-19, and possess an active bank account with direct deposit capability. For instance, a loan of $500 for a month would entail a total payment of $550, including a $50 fee.
MDG review
MDG offers a range of online loans from $100 to a maximum of $3,000. However, the standout feature is their offering of up to $2,200 for a term of 1 month. This shows flexibility in their loan amounts, catering to a variety of financial needs.
The borrowing process is streamlined and efficient. It begins with an online application that takes only a few minutes to complete. Approval times are impressive, with most applicants receiving a decision within 24 hours. Upon approval, the funds are deposited directly into the borrower’s account, ensuring quick access to the much-needed cash.
The loan terms are quite straightforward. To qualify, you need to have equity in your car and a valid driver’s license. Additionally, you must be a permanent resident of Canada and be at least 18 – 19 years of age. An active bank account with direct deposit capability is also a prerequisite.
Regarding repayments, the table provided gives a clear illustration. For instance, if you borrow $500 for a term of 1 month, you will be required to pay a fee of $50, making your total repayment $550.
In conclusion, MDG offers a flexible and efficient loan service, with a range of amounts and a simple application process. Their clear terms and conditions, coupled with transparent repayment schedules, make them a viable option for those in need of short-term financial assistance.
Table of repayments
| Amount | Fee | Total payment | Term |
| $500 | $50 | $550 | 1 month |
If you will get the loan of $500 with the term of 1 month, your totally payment would be $550. The fee is $50.