Pay2Day offers online loans ranging from $1,000 to $15,000, with terms between 1 to 12 months. The application process is flexible, allowing potential borrowers to apply online or via phone call. If approved, funds can be received in as little as 15 minutes through Interac e-Transfer®. However, to qualify, applicants must reside in Ontario, British Columbia, or Nova Scotia, be of legal age, and have a consistent work history of at least three months. For example, a loan of $5,000 for a term of 1 year would result in a total payment of $5,988, including a fee of $988.
Pay2Day review
Dipping into the world of online loans, Pay2Day emerges as a viable option for those residing in Ontario, British Columbia, or Nova Scotia. Offering a range of loan amounts from $1,000 to $15,000, it caters to various financial needs. The loan terms are flexible, stretching from 1 to 12 months, making it a suitable choice for both short-term and long-term borrowing.
The application process is straightforward and convenient. Whether you prefer to apply online or over the phone, Pay2Day accommodates both methods. If approved, the funds can be in your account in as little as 15 minutes, thanks to Interac e-Transfer®. This feature enhances accessibility and expedites the borrowing process.
However, there are certain prerequisites to qualify for a loan. Besides living in the aforementioned provinces, applicants must be of legal age and have a consistent work history of at least three months. These conditions ensure the borrower’s ability to repay the loan.
To provide a clearer picture of the repayment structure, consider this example. If you borrow $5,000 with a term of 1 year, the total repayment would amount to $5,988, including a fee of $988. This illustrates the cost of borrowing, helping potential borrowers make informed decisions.
In conclusion, Pay2Day offers a quick, accessible, and flexible borrowing solution. However, it’s important to understand the loan terms and conditions before proceeding.
Table of repayments
| Amount | Fee | Total payment | Term |
| $5.000 | $988 | $5 988 | 1 year |
If you will get the loan of $5.000 with the term of 1 year, your totally payment would be $5 988. The fee is $988.