Rent & utility loans
Quick loans to cover unplanned expenses
Flexible terms
Same day decisions
Loans from $500-$5000
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PERSONAL LOAN APPLICATION REQUIREMENTS
Must be 18 years or older
Be a permanent resident of Canada
Cannot be in the process of a bankruptcy or consumer proposal
Be employed for at least 3 months
Emergency Loans For Rental and Utilities properties
Simple process, low payments
Where to find the RIGHT rent and utility loans
Rent is easily the biggest monthly expense for the vast majority of Canadians who don’t own their own homes. It’s also the one that carries the most stress – if you find yourself unable to make your rent, you could be at risk of eviction. That’s enough to keep anyone awake at night.
Add to the stress of your financial difficulties an inability to also cover your utilities and you have a recipe for financial disaster. This is why private lenders like LoanAway offer rent and utility loans – to keep you safe from losing your most important asset and to help prevent any further damage to your credit rating.
Plus, you live that crazy existing of constantly thinking about money and juggling numbers in your head.
If you’re having trouble meeting your essential payments, the last thing you need is to have stress cluttering your mind and leading you to make rash decisions that will cause you more harm than good.
What kind of rash decisions? Like seeking rent and utility loans from shady operations with neon lighting – the ones you typically see in run-down stripmalls. In case you don’t know who we’re talking about, it’s the payday loan industry. Rent and utility loans are meant to help you get out of a bad financial predicament – not put you into another one.
That’s exactly what the payday loan industry is trying to do. Their loans might look like a source of immediate stress relief…but when you realize that you have to repay the full amount of the money borrowed plus interest the stress you just escaped comes back with a vengeance.
Beware the Payday Predators
If you can’t repay the principal and interest on your payday loan with your next pay cheque they will charge you penalties that will lock you in a cycle of debt for a very long time to come.
The whole point of rent and utilities bills is to immediately repay all your outstanding debts so you can repay them in smaller, more affordable amounts. So whatever you do – do not let your desperation get you in a situation where you’ll keep living the same financial challenges month after month.
The sad reality is, if the payday loans industry couldn’t lock its borrowers into long-standing penalty-heavy debts, they would not make any money at all. That is why they really are trying to take you down financially.
Conversely, banks aren’t much of a better option. While they are not predatory in nature like the payday loans are, they are very strict about who they lend money to and could care less about hurrying through the application process so you can get out of your predicament faster.
They love offering you pre-approved credit cards when the times are good, but in the end they prove to be false friends when the chips are down.
The day will come when your finances even out, and when they do, your bank will start offering you credit products again. that’ll be your chance to tell them you’re not interested and to remind them of why.
What you need is a lender who can provide rent and utility loans fast, at fair interest rates and provide repayment terms that won’t keep you stuck in a cycle of struggle. Thankfully, there is a company you can turn to for that kind of help.
Rent and Utility loans from LoanAway
We want to help you, and with that in mind, we’ve created a loan that can immediately get you of a tight situation and back on a steady path. Our online application form only takes 8 minutes to fill out and is instantly sent to one of our agents for review.
When you apply for rent and utility loans with LoanAway, your application could be approved in as little as a couple of hours – our agents understand that if you’re applying for this type of loan, you need it asap and they’re trained to process loan applications as quickly as possible. We move fast because we know that in situations such as these, every minute counts.
Once your application is approved, you could very well have the money in your bank account within 24 hours.
Have any questions or concerns you’d like to have addressed prior to filling out a loan application? Do not hesitate to pick up the phone and call one of our agents. It will be their pleasure to walk you through the steps and explain very clearly what you’ll need to get your loan and resolve your issues.
WHERE WE OPERATE
We are committed to provide best customer experience possible. Currently we offer personal term loans in Ontario, Alberta and Newfoundland, but do check back with us soon, as we are working on expanding our reach to other provinces and territories.
Get your loan today
We will notify you of a decision in as little as 30 minutes