Our Hamilton installment loan is far superior to that offered by our competitors. If you’re considering a loan, don’t take our word for it. Compare the following 9 benefits of our loans with what other lenders offer.
1. We are 100% Online
Most people lead busy lives. Consequently, it doesn’t make sense to visit a lender in-person. You need to make an appointment, take time out of your day to get the lender’s office, and perhaps find parking. Chances are you will need to wait to see a loans’ officer too.
Fortunately, you can eliminate all this hassle when you apply online. A Hamilton installment loan through FlexMoney is safe, convenient, and incredibly fast.
Plus, our online application form is much simpler, since we’re only interested in where you stand now. We’re not interested in where you lived, worked, and banked years ago. If you demonstrate stability over the past three months, that’s all the information we need.
Additionally, when you apply online through FlexMoney you don’t need to provide proof of income. Instead, we just ask for verification of your direct deposit income through your bank, with your permission, of course.
Finally, we never ask you to visit a brick-and-mortar office, even when it comes time for you to sign your loan contract. We handle this electronically too, which speeds the loan process. Your data is well-protected through top-notch encryption.
2. We’re Transparent
We invite you to check out the websites of other lenders to discover what you need to qualify for a Hamilton installment loan. Chances are you won’t find it.
Instead, most lenders expect you to submit an application form and proof of income. Then you must wait for their decision, which could take days or weeks. After all that time and trouble, you could get an email stating you don’t meet their qualifications. They won’t tell you precisely why, just that you’ve been turned down for a Hamilton installment loan.
FlexMoney doesn’t operate this way, because we don’t think it makes sense. Why apply for a loan if you can’t possibly qualify? It’s a waste of your time and ours and just plain bad business.
FlexMoney believes most people want to deal with a transparent lender. The days of cloak and dagger lending practices are long gone. You should know what we expect from you, before you apply.
Consequently, we’re providing you with our basic Hamilton installment loan qualification requirements below:
FlexMoney’s Basic Installment Loan Requirements
FlexMoney considers income from various sources, not just a full-time job. If you earn a steady income through self-employment, several part-time jobs, a pension, or another source, and meet these requirements, you could qualify for a Hamilton installment loan:
- Canadian citizen
- At least 20 years of age
- Valid email address
- Valid mobile phone number
- Minimum net monthly income of $2,000 for at least the last three months from the same source(s)
- Open and active account with a Canadian financial institution with at least three months of transactions
- Paid through direct deposit
Regrettably, we can’t help everyone. Please do not apply if:
- You are currently enrolled in an active bankruptcy, consumer proposal, or credit counselling program.
- Your income is based on Employment Insurance or government benefits related to COVID-19.
3. We Place Less Emphasis on Credit
FlexMoney will check your credit when you apply for a Hamilton installment loan. However, it is not the only factor we consider. This is a much different approach than that of most mainstream lenders, who rely heavily on your credit score.
In fact, many lenders set a minimum credit score requirement to reduce their risk. FlexMoney does not do this, because we believe many people have had credit difficulties in the past, but are doing well now. Once again, if you earn a steady income and are paid through direct deposit, you may qualify.
4. We Use a Pre-Approval Process
FlexMoney uses a pre-approval process for several reasons. First, this method involves a much less intrusive inquiry on your credit file. Known as a “soft” inquiry, it provides us a broad overview of your financial standing. However, it does not provide with every detail on your credit report and it does not impact your credit score.
Second, the pre-approval process allows you to see what we’re offering you, without obligation. Should you decide you don’t want to borrow, it isn’t a problem. Your credit score remains the same.
However, many mainstream loans do not use the pre-approval process. Instead, traditional lenders use a “hard inquiry” to obtain all the details available on your credit file. This detailed credit inquiry does affect your credit score. In fact, it can lower it by as much as 12 points, whether you’re approved or turned down for a loan.
Plus, this inquiry remains on your report for up to three years. If lenders see too many of them, it can also send up a red flag since it may appear you’re struggling to obtain credit. Of course, then hard inquiries do make it harder to get a loan.
5. No Fees or Penalties
Many mainstream lenders charge unnecessary fees. They make not make them obvious, but they’re listed in the fine print or disguised under an innocuous name.
One of the most common is an origination fee. This is just a fancy name for an administrative cost the lender charges you just for setting up your account with them.
This fee isn’t a small amount either, since it is based on a percentage of your loan amount. An origination fee can cost you between 0.5 – 8% of your total loan amount.
The second cost you could incur when you choose the wrong lender for your Hamilton installment loan is a pre-payment penalty. This is just a fancy term for an amount the lender charges you when you pay all or part of your loan off early. It is meant to compensate them for the interest they would have earned if you’d followed your regular repayment schedule.
Luckily, FlexMoney doesn’t operate this way. Setting up your account with us is an administrative expense we absorb as a normal part of doing business. We don’t charge pre-payment penalties either. Our loans are “open” and we welcome your payments at any time.
6. Canadian Customer Service
FlexMoney is a Canadian lender based in Ontario. All our customer service representatives are Canadians who understand the level of service we expect.
Contact us via our toll-free number if you want to talk to a real person. Our extended business hours make it easy to connect at your convenience.
Of course, we also offer tried and true customer service options such as email, chat, and website support. Our website also includes an in-depth FAQ section if you need quick answers to common questions.
7. We’re Legal & Ethical
Since we are a Canadian company, we are bound by Canadian and provincial consumer laws. We are licensed to lend in Ontario and committed to ethical lending practices.
We are also accredited members of the Better Business Bureau with an overall rating of excellent.
8. We Offer Flexible Loan Options
FlexMoney offers a wide range of loan options to suit most borrowers. That’s not the case with many lenders since some do not grant small loans, while others have very low maximums.
It makes sense to establish a rapport with a flexible lender for several reasons. First, it makes the borrowing process much simpler the next time you decide to borrow, since you’ve already gone through the pre-approval process. If nothing’s changed, it should be a breeze. Second, you could enjoy better terms the next time you borrow, if you stick to the same lender.
FlexMoney offers loans of between $500 and $15,000. Available terms are between 6 and 60 months.
9. Quick Funds Release
Nobody wants to sit around waiting for their money, once they’ve been approved for a Hamilton installment loan.
Luckily, if you sign your FlexMoney loan contract within business hours, you could have money in your bank account within 24 hours. If you sign outside of business hours, funds should be in your hands the next business day.
FlexMoney is Your Best Choice for a Hamilton Installment Loan
If you’re looking for a Hamilton installment loan, FlexMoney is your best choice. Here’s a quick summary of what we offer:
- Simple, fast, & efficient online process – no need to visit a brick-and-mortar office
- 100% Canadian – our customer service representatives live and work here
- Licensed Ontario lender
- We’ve granted loans to Ontarians since 2012
- Digital income verification
- No minimum credit score requirement
- Pre-approval process that does not lower your credit score
- Digital document signing
- Fast decision and quick funds release
- Great customer service options including a toll-free number, chat, website, and email support as well as an in-depth website FAQ section.
Find Out More
If you’re interested in starting the application process for a Hamilton installment loan, or if you have more questions, please visit our website. We also offer more on Ontario installment loans here.
Let us show you why our Hamilton installment loan is better than our competitors. We make it easy to get the loan you need now.