A Hamilton medical loan through FlexMoney can give you the money you need to fulfill your medical needs or wants. Certainly, the Ontario Health Insurance Plan is robust, but it is not all-inclusive.
For instance, OHIP does not cover prescription drugs once you’re outside of the hospital. Until recently, it did not cover dental at all. Now, you may get coverage for children, providing you meet income requirements.
Ontario healthcare does not pay for eyeglasses, contact lenses, or laser eye surgery either. It may not pay for some tests and it does not pay for almost all cosmetic treatments. As a result, if you want or need anything outside of OHIP’s scope, you must pay for it yourself.
However, medical treatments, procedures, and drugs are notoriously expensive. Consequently, you may need some sort of financing to spread the costs out over time.
Luckily, a Hamilton medical loan can help you do this and it is a much better choice than other financial products in many ways. Follow these 5 steps and you could have a loan within 24 hours.
Step 1: Choose an Online Loan
FlexMoney isn’t suggesting this because we are an online lender. We want you to make your own decision based on facts. However, we believe you will soon see the benefits on an online Hamilton medical loan and why borrowing online is a better choice over an in-person loan.
First, when you apply for our Hamilton medical loan, you do so at your convenience. We accept applications 24/7 and you never need to visit an office. This means you skip the drive, parking, standing in line, and frustration.
Second, the online process is extremely fast. For instance, FlexMoney offers a simple application form you can complete in less than 15-minutes.
Step 2: Choose the Right Lender
FlexMoney isn’t the only online lender within the marketplace. However, we do offer many advantages over our competitors. Here’s a quick recap:
- We’re Canadian owned and operated – our customer service team lives and works here
- Excellent customer service including toll-free number with extended Ontario business hours, email, and website support, as well as an in-depth FAQ section on our website
- FlexMoney is 100% online – we’ll never ask you to visit an office
- Our pre-approval process does not lower your credit score
- Our speedy artificial intelligence assessment provides a decision in minutes
- FlexMoney’s requirements are less stringent than other lenders
- No restrictions on how you use your Hamilton medical loan
- Borrow for procedures, treatments, or medications, even if they aren’t covered by OHIP
Step 3: Check for Digital Income Verification
No matter whether you apply online or in-person, how a particular lender confirms what you earn matters. Generally, in-person lenders want to see paper documentation to verify your income. This might be old pay stubs, or even a letter from your employer.
What you may not know is that many online lenders still use this antiquated method to verify your income, even though you applying over the internet. Instead of dropping paperwork off to an office, they ask you to scan and upload or fax it to their office. Who has time for that?
Luckily, you have a better option today – digital income verification. The lender confirms your recurring direct deposit with your bank through authorized statements. You don’t need to do a thing and all information is heavily encrypted so there’s no concern over data security.
Additionally, digital income verification speeds the loan process. FlexMoney uses this method to make getting a Hamilton medical loan as fast an easy as possible.
Step 4: Look for Digital Contract Signing
The same idea applies when it comes time to sign your loan contract. Both in-person and online lenders may ask you to sign, scan, and email or fax your loan contract. Obviously, this process is very inconvenient and time-consuming. Plus, it’s totally unnecessary in today’s digital world.
FlexMoney is happy to inform you that we offer digital contract signing. Read through your contract and sign it electronically if you are satisfied. This process slashes wasted time and speeds up the time needed to get money to you. We’re dedicated to make borrowing as easy as possible.
Step 5: Confirm Funds Release Timeline
Always check when you can expect your funds after you sign your loan contract. Some lenders claim to offer fast loans, but they’re slow to get money into your hands.
Fortunately, when you’re approved for a Hamilton medical loan through FlexMoney, your loan contract signature triggers the funds release process. You could have your money in under 24 hours, if you sign your contract during business hours. Otherwise, you can expect funds the next business day.
Why Our Hamilton Medical Loan is a Great Financial Choice
If you’re considering other credit options, please read the following before you incur a debt. It could save you plenty of money.
Our Installment Loan is Superior to a Credit Card
There’s no doubt credit cards are convenient. However, this convenience comes at a high cost, especially when you intend to pay over many months. The moment you charge something on your credit card, the interest clock starts ticking.
Most cards offer a 28-day grace period, but after that you pay interest. This is expected, but what most people don’t realize is that interest accumulates daily. As a result, whenever you have a balance on your card it grows quickly due to this daily interest. The next month, you pay interest on this higher balance. Essentially, you’re paying interest on the principal and interest on the interest from the past month.
Should you use your credit card for other purchases, of course this amplifies the problem. Your balance increases as does the interest charged daily. Consequently, small payments may not cover the interest, never mind reduce your outstanding balance. This can cause your debt to escalate exponentially.
Fortunately, you do not need to deal with any of this when you choose a FlexMoney Hamilton medical loan. We charge simple, not compound interest. We multiply your interest rate by the loan amount and divide that into equal payments. You choose how long you want to take to repay your loan.
If you want to repay your debt quickly, we offer terms as short as 6-months. If you want more time to repay and more affordable payments, you can take up to 5-years.
The point is, every payment you make pays a portion towards interest, but also reduces your outstanding balance. Interest does not accumulate on the remaining amount. As a result, when you choose a Hamilton medical loan you’ll pay far less than if you use a credit card.
Better Than a Payday Loan
Many people choose a payday loan to handle medical expenses since they’re available everywhere and they’re fast. However, the interest rates and finance fees are very high and the maximum you can borrow is low. Furthermore, payday loans must be repaid within a matter of weeks.
Conversely, our Hamilton medical loan offers between $500 and $15,000. You can choose a term of between 6-months and 5-years for repayment. Interest rates are also significantly lower and you do not pay finance fees. Your only costs are the loan amount, plus interest.
Why FlexMoney is Your Best Choice
FlexMoney is committed to transparency. Consequently, we’re happy to provide you with our basic qualification requirements for our Hamilton medical loan beforehand:
- Canadian citizen
- At least 20 years old
- Actively receiving a net monthly income of at least $2000 per month from the same source for at least the last three months (we consider various sources including employment, self-employment, pensions, and other recurring steady income)
- Paid by direct deposit
- Have an open and active bank account with a Canadian financial institution with at least three months of transaction and banking history
- Valid email address and mobile phone number
- Not currently enrolled in an active bankruptcy, consumer proposal, or credit counselling program
Please note that we can’t consider your application if your income source is Employment Insurance or government benefits related to COVID-19.
We Welcome All Credit Scores
FlexMoney uses artificial intelligence to review your financial position. However, we consider many factors and don’t base our decision on your credit alone. Consequently, new borrowers, students, pensioners, and those with less than pristine credit may qualify.
If you are earn a steady recurring income paid by direct deposit and can demonstrate at least three-months stability, you have a good chance of getting a Hamilton medical loan. We don’t ask for collateral or a co-signer either.
Let us show you why so many people agree FlexMoney offers the best possible Hamilton medical loan, without the hassle.