The best Guelph online installment loan is available now through FlexMoney. This product is far superior to that offered by our competitors for many reasons, which we discuss in detail below.
If you’re contemplating borrowing, these eight factors are strong reasons why you should choose us over our competitors. We think you will see what our customer already know. We really do offer the best Guelph online installment loan in the business.
1. 100% Online
In today’s digital world, there’s absolutely no reason to take time out of your busy day to visit an in-person lender. It isn’t faster, safer, or more convenient to go to a lender’s office.
Just think about it. If you choose to go to a lender’s office, they will probably input your data into a system linked to the internet anyway. However, the data encryption software in-person lenders use seldom rivals that of an online lender for several reasons.
First, online lenders heavily depend on data security. Otherwise, they wouldn’t stay in business very long. Consequently, a good online lender uses the best software available in the lending industry to safeguard your data.
Second, online lenders are legally-obligated to fulfill consumer protection requirements. In Ontario, the Financial Services Commission of Ontario monitors online lender activities to ensure they act with “due skill, care and diligence at all times”. Of course, that includes protecting your sensitive information.
2. Less Complicated
When you choose FlexMoney, the application process is much simpler. That’s because we are only interested in where you stand now, not where you lived, worked, and banked years ago.
As a result, our easy application form only asks for information that confirms your stability over the past three-months and your identity. For most people, that means they can complete our form in less than 15-minutes.
Additionally, our process does not involve uploading documents. We verify your direct deposits electronically. It’s fast, efficient, and uses a bank-level data encryption service. We can’t pry into your personal affairs.
FlexMoney will not even ask you to visit an office when you need to sign your loan contract. This is handled digitally too, which often leads to a quicker funds release and far less hassle.
3. Transparent Loan Requirements
FlexMoney is an ethical lender that wants their customers to make informed financial decisions. Consequently, we provide potential and existing clients with as much information as possible.
As an example, other lenders seldom tell you their loan requirements. Instead, they expect you to fill out an application form and wait. FlexMoney doesn’t operate that way.
The following are our basic requirements for our best Guelph online 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.
We offer a major advantage over other lenders, since we consider income from many sources including employment, self-employment, and pensions.
You can also find an in-depth website FAQ page which provides answers to most questions you might have.
4. Less Emphasis on Credit
It is normal for a lender to check your credit when you apply for a loan. However, FlexMoney doesn’t base its’ decision on your credit alone. Instead, we use our own artificial intelligence assessment that considers many factors.
As a result, we do not have a minimum credit score requirement like most mainstream lenders. A minimum credit score requirement can lead to an automatic loan refusal if you don’t meet the lender’s standards.
Plus, FlexMoney’s pre-approval process does not lower your credit score. Regrettably, this isn’t the case with most traditional lenders. Most use a “hard” credit inquiry which lowers your credit score by up to 12 points.
Additionally, a hard inquiry stays on your credit file for up to three years, whether you’re approved or not.
5. No Fees or Penalties
No one wants to pay more than they must when they borrow. However, many lenders charge unjustified fees and penalties you shouldn’t have to pay.
For instance, one is a fee lenders charge for setting up your account. They sneakily call it an “origination” fee, when it is actually an administrative charge under another name. This fee can cost you between 0.5 – 8% of your total loan amount.
Luckily, FlexMoney does not charge this fee. We believe this is a normal cost associated with doing business, not one you should absorb.
Another common cost charged by lenders is a pre-payment penalty. This is a cost you pay through some lenders to compensate them for interest lost when you pay extra on your loan.
Fortunately, FlexMoney does not charge this penalty either. We know the best Guelph online installment loan must allow extra payments or full payment at any time, without penalty.
6. Canadian Owned & Operated
You might think that a lender offering installment loans in Guelph would need to be based in Ontario. However, that isn’t necessarily the case. Many companies outside of Ontario or even outside of Canada offer these loans.
This can lead to frustration and complications if you ever need to contact your lender. There may be a time zone difference or the customer service representatives may not deliver the level of service Ontarians expect.
Luckily, the best Guelph online installment loan through FlexMoney eliminates these issues. We were founded in Canada and are still Canadian owned and operated. Every customer service team member is a Canadian, just like you.
FlexMoney prides itself on its’ customer service and provides various options. Contact us via our toll-free number if you want to talk to one of our representatives. We offer extended Ontario business hours and friendly service. If you prefer to reach out digitally, we also offer email, chat, and website support.
7. Loans from $500 to $15,000
When you start comparing loan options, you’ll soon discover you have fewer choices than you might think.
First, most lenders do not grant small loans. That means if you only want a small amount, you either have to borrow more than you need or you must use another credit product such as a credit card. That’s not ideal, since not one wants to take on more debt than necessary. Besides that, many people don’t have or don’t want to use credit cards, because of the high interest charges.
Second, many lenders have very low maximums. Once again, that’s not ideal, even if you only want to borrow a few thousand now. Why? If you decide to take a loan out with a lender with a low maximum, you may need to find a new lender if you want to borrow more later. That just doesn’t make sense.
You’re much better off finding a lender that offers a wide range of loan options from the get-go. You’ll establish a rapport with them, which could lead to better terms the next time you borrow.
The same idea applies to a lender’s available repayment terms. The minimum term length is usually 1-year. That’s not ideal if you just want to borrow to flip a house six-months down the road. Equally, you shouldn’t have to repay a loan faster than you comfortably can, just because the lender doesn’t offer a longer term.
That’s another reason why we think we offer the best Guelph online installment loan. Repayment terms range between 6 and 60 months. Choose what suits your needs, instead of choosing from limited offerings.
8. We’re Fast
FlexMoney has issued loans to Ontarians since 2012. Consequently, we’ve finetuned the lending process and it’s fast.
Once you submit our simplified application form, you’ll get our decision within minutes. Review the terms and if you like what you see, accept them. We’ll prepare your loan contract and send it to you for digital signature.
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. That’s yet another reason we offer the best Guelph online installment loan.
Get the Best Guelph Online Installment Loan Through FlexMoney
We make borrowing easy and offer the best Guelph online installment loan, hands down.