FlexMoney emergency loans can throw you a life line in a moment of desperation. You may think that you can’t get through it, but our loans are very flexible, easy to access, and offer money in a flash. Things could get better quicker than you might think.

Our company knows your time is valuable, but especially when you’re handling an emergency. Nonetheless, it is worthwhile you read through this short article. It provides you with our requirements and procedures, which can speed the process when you need money fast.

Step 1: Understand What We Offer

FlexMoney emergency loans offer a lump sum of money which you repay in installments. You don’t need to back the loan with collateral such as a car or home, and it is a far better choice than a credit card or a payday loan.

Credit cards charge interest on the balance outstanding. This leads to paying interest on interest, unless you can afford to pay the entire balance off in one shot. If that was the case, you probably wouldn’t need credit. Payday loans only offer up to $1,500 in Canada and you must repay the loan the next time you get paid.

Luckily, if you choose FlexMoney emergency loans you’ll pay the same payment amount throughout the life of your loan. Interest rates are competitive and regulated too when you borrow through a licensed lender like us.

FlexMoney currently lends in Ontario, British Columbia, Alberta, New Brunswick, Nova Scotia, and Newfoundland.

Step 2: Check Your Eligibility

FlexMoney emergency loans are easier to obtain than those offered through traditional lenders. Nonetheless, we do have certain requirements you will need to fulfill. Fortunately, they’re listed below and they’re pretty straightforward:

  • You are a Canadian citizen who is at least 20 years of age
  • Have a valid email address and mobile phone number
  • Your income (before taxes) is at least $2,000 per month and you’ve worked with the same employer for at least three months, OR
  • You earn at least $2,000 per month from self-employment, the Canadian Pension Program (CPP), the Old Age Security (OAS), or from various private and public pension programs.
  • Your open, active Canadian bank account shows at least three months of activity

Unfortunately, we do not issue FlexMoney emergency loans to those whose income comes from Employment Insurance, the Disability Tax Credit, or COVID-19 benefits. We can’t lend to you if you are currently involved in an active bankruptcy, consumer proposal, or credit counselling program either.

Other than the restrictions mentioned above, we are open to applications from most Canadians in the regions we cover. We use the lending industry’s leading software to look beyond traditional credit bureau data. Plus, there’s no in-person interview as we’re 100% online.

Step 3: How Much Do You Want to Borrow?

FlexMoney offers emergency loans of between $500 and $15,000. If approved you receive the entire amount, because we don’t charge additional fees. Other companies often charge an “origination fee” just for setting up your account. This can reduce your funds by between 0.5 and 8.0 percent of your loan amount.

It is easy to apply for FlexMoney emergency loans, but we want you to meet your financial obligations and care for your credit. We recommend you don’t take on more debt than necessary.

Step 4: Choose Emergency Loan

During the online application process, we will ask you why you want to borrow. Choose the “emergency loan” option as it is perfectly-suited to your situation.

FlexMoney also offers loans for those who have other needs such as debt consolidation, home improvement, moving, and more. However, these loans may differ slightly.

Step 5: Provide Personal & Banking Information

FlexMoney emergency loans are handled completely online. We don’t ask for document uploads such a paystub, but you will need to provide banking information so we can receive electronic copies of your bank statements. You can find the necessary information on a blank cheque or within your account with your financial institution if you bank online.

Your information is exchanged through an independent, bank-approved 128-bit SSL encrypted portal for complete data protection. We can’t see your banking credentials or access your bank account and we don’t own or operate the portal.

You must complete this bank verification process for approval. Otherwise, we have no way of confirming your financial information. Please do not use a VPN (virtual private network) from outside Ontario, Alberta, British Columbia, Newfoundland, New Brunswick, or Nova Scotia. Uur software will automatically decline your application, because we are only licensed in those areas.

Don’t worry, the data collected is only used for your loan application. We don’t share with others and our soft credit check will not appear on your credit file. If you have any questions or concerns regarding your personal data, please contact one of customer service representatives.

We also ask that you take a few minutes to carefully review your application before you submit it. Incomplete or incorrect information is a common reason for loan denials and we don’t want that to be you.

Step 6: Decide How You Want to Repay

FlexMoney emergency loans offer many options. You can pay off your loan quickly through large payments, or spread out the amount over a long time. Repayment terms range between 6 and 60 months.

We also offer multiple payment options. You can increase the frequency to pay less interest. Alternatively, keep things simple and pay once a month. Weekly, bi-weekly (every two weeks), semi-monthly (twice a month), or monthly – it’s up to you. We even have a handy calculator to help you find the best fit for your unique financial situation.

Unlike other lenders, we don’t charge prepayment fees. If you find you have more money and want to make extra payments, lump sum payments, or pay your loan in-full at any time, you are more than welcome. You will never be charged a penalty for doing so.

Step 7: Wait a Few Minutes

You won’t have to wait hours, days, or weeks to discover if you’re pre-approved. Our artificial intelligence software will make a decision within minutes.

Regrettably, some people are denied because they fail to meet the requirements mentioned or because they provide incorrect or false information. If you apply for another loan when you already have one with FlexMoney your application will also be denied. Once your first loan is repaid, we’re happy to help you again.

Fortunately, if you are employed, have acceptable credit, completed the banking section in the application, and our system verified your identity and age, you could receive pre-approval.

In this case, we send your loan details including the interest rate, payment amount, term, and the end date too. Our interest rate is based on the information in your application and we think you will find it very competitive. If you like what you see, it’s time to finalize your loan.

Step 8: Agree to the Terms

If you want to move forward it is just a matter of responding to your pre-approval. We’ll start preparing your loan documents straightaway and send them to you for review.

Check the paperwork carefully and if you have any questions or need help, we offer a toll-free number and Canadian customer service representatives. If everything looks good, all you need to do is finalize the paperwork.

Step 9: Sign Electronically

FlexMoney emergency loans are handled completely online, including signing your loan documents. As a result, everything happens very quickly.

Sign your loan documents electronically to make them official. You will need to make your payments on the dates you’ve agreed to. Many people choose to setup automatic payments from their bank account for simplicity’s sake.

Step 10: Watch for Your Funds Transfer

We asked for your banking information for another reason. It is also how we get your money to you so fast.

Our company strives to get your loan money in your bank account within 24 hours of approval if you finalize on a weekday. If you finalize on a weekend or holiday, it may take until the next banking day. The speed of your financial institution may also play a role. Nonetheless, you’d be hard-pressed to find a faster emergency loan lender in Canada.

If you have any problems with the funds transfer, contact use right away. This doesn’t happen often, but if it does, we will get to the bottom of it quickly. Just talk to one of our Canadian customer service representatives. They’re eager to help.


If you’re ready to start the application process, please visit our website. You’ll also find contact information there if you would like to talk to one of our customer service representatives. We also have an extensive FAQ section with answers to many common concerns.

FlexMoney emergency loans can provide you with the money you need very quickly and we have outstanding customer service. Why panic? Get the money you need now.