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Top 5 Instant Personal Loan In Canada

02. Loan Away: Personal Loan Canada

Online-only lender Loan Away provides instalment loans up to $5,000. Currently, it is offered in Ontario, Alberta, New Brunswick, British Columbia, Newfoundland and Labrador, and Nova Scotia, which make up Canada’s six provinces.

Loan Away: Personal Loan Canada

Loan and Service Types

This Canadian lender provides debt consolidation loans, home equity loans, and unsecured personal loans. They may be used to pay for a variety of expenditures, such as private student loans or unanticipated fees. Loan Away loans have an APR ranging from 19.9% to 45.9% and range from $1,000 to $5,000. The loan periods range from six to three years. Their loans’ costs and penalties are kept a secret.

If you’re considering using Loan Away to apply for a loan, you should be aware of both its advantages and disadvantages. The company’s 80% approval rating is its finest quality. Additionally, Loan Away accepts consumers with weak credit and offers a smooth and straightforward online application procedure. The high interest rates on Loan Away loans are their major disadvantage, particularly if you have terrible credit.

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