We all need a little bit of financial help from time to time. Every now and then, one can fall short, especially in today’s economic times. Asking family and friends isn’t always an option, especially after you’ve reached a certain age and achieved independence in life. In such situations, you could opt for payday loans instead.

Today, we’ll be discussing what payday loans are and you can apply for one online using Friendly Lender’s new online service. Through this article and with the added convenience offered by Friendly Lender, we hope you’ll be able to find a solution for your financial issue.


Through payday loans, you are able to borrow relatively small amounts of money, typically ranging between $100 and $1000. The exact amount lenders are willing to offer will depend on a number of factors including your income, your employment type, and so on. You can get this as a short term loan where you’ll have to repay the amount in a short period of time, which usually falls around the date you are going to be paid next.

Lenders might also be willing to give you a long term loan which you can repay through installments over the course of several months. This arrangement would be subject to higher interest rates though and you’ll end up paying a lot more back in return.


Usually you would have to go to a few lenders and physically visit them to negotiate a deal and then assess who is giving you the best offer. With Friendly Lender, now you can simply apply online for payday loans in Canada. Friendly Lender has a wide network of lenders on their panel through which they help customers find different forms of financing including unsecured loans, personal loans, and, of course, payday loans. By filling out a form online, you will be connected with numerous lenders on this panel and you’ll be able to find a list of payday loan options.

Therefore, rather than putting yourself through hell and physically visit a long list of vendors to find the right deal for you, you can do the same from the convenience of your laptop, tablet, or phone. This doesn’t mean you’re relieved of providing any documentation and there might be a situation, however rare, that you’ll be required to submit further documentation.

You’ll need to provide some personal information, along with details of your employment history. As the money is deposited directly into your bank account, you’ll also need to provide your bank account information. You don’t need to worry about security though as the company has industry standard internet security protocols in place for the entire process.

Provided you’ve given all the information and provided all the requisite documents, your loan could be approved in a manner of minutes, or days at most. Once you have approval from a specific lender, you’ll be redirected to a page where you can read your loan contract. Read through everything thoroughly to ensure you’re aware of the costs and repayment schedule.


In order to qualify, you need to have an existing and regular stream of income regardless of whether you are an employee at a company or own your own business. Regardless of what you do, you need to prove that a certain income regularly comes into your bank account every month. Some lenders will verify this by simply reviewing a bank account statement while others might require that you submit pay stubs.

Additionally, you’ll need a bank account as the money will be directly deposited into your bank account. You might find a lender willing to give you a debit card to withdraw the money you need, but your lending options are severely reduced and you might be subject to additional charges. In today’s economic and regulatory climate, however, almost everyone making a living has a bank account.

Also, while you will be able to find a loan even if you have a bad credit rating, your credit history will nonetheless play a role in the entire approval process. Almost every lender runs some form of credit check and, as such, you need to be ready to submit documentation to support your application if you have a bad credit rating. Regardless of what your credit history may be, you need to be honest as any untrue information could result in outright refusal and subsequent blacklisting. You’re going to find a lender through such a service any way and lying will just make the situation worse.


When you’re filling out the form, make sure you don’t miss out on providing any information and that everything you’ve submitted is accurate and up to date. Any deviation from this will just result in unnecessary delays and could also mean an outright refusal of your application. Ensuring this not only means an approval, but a fast approval as well.

If your loan application is approved, you need to make sure you read the contract document carefully. Go through each term and condition so you know exactly what the arrangement entails including your interest rates, the consequences of default, the repayment term, etc. A loan is a legally binding agreement and any shortcomings can have serious legal consequences. As such, you need to be aware of all your obligations and ensure that you fulfill them in a timely manner. If you have a friend that’s good with numbers, then consult with them to make sure everything is in order. A lawyer friend can even help you go through the entire contract to make sure you know everything is in order.

Finally, and perhaps most importantly, you need to remember that borrowing money is a responsibility. As such, you need to take a prudent and careful approach and make sure you only borrow enough money to fulfill your needs. Borrowing excessively will mean you’re back in the same situation you’re borrowing money for and then it becomes a vicious cycle. Always borrow responsibly!