If you are looking to get a quick boost of cash because you need more money to go on vacation, buy something important, repair something urgently, or pay a once-off big bill, then you might be a candidate for payday loans in Ontario.

Payday loans are short term unsecured loans that are repaid usually within a couple of weeks, designed to give you a short-term boost in times of great need. Think of it as getting an advance on your salary that you have to repay upon your next paycheck.

Online lenders such as Better Than The Bank offer payday loans without any credit checks required. Simply go to the website and fill out the application at your convenience, providing proof of employment, bank account and identity, and you’re good to go.

Here are some things you should ask yourself before you take out a payday loan.

Are You Okay With the Repayment Terms?

Payday loans are typically relatively small and therefore require quick repayments. The basic idea is quick in, quick out. Make sure you have the means to repay the loan in this fashion without getting yourself into even more trouble. You don’t want to have to choose between paying your bills and repaying your loan.

Are There Any Hidden Charges I Should Know About?

It’s very important to understand the interest rate and any other fees or charges and how this will affect your ability to repay. Be aware of any additional charges you might incur should you default at any stage. Knowing this will help you avoid underbudgeting and then getting a shock.

What Means Do I Use To Repay?

All online lenders work through digital transfers. This means you will need a legitimate bank account with online banking capabilities, such as the ability to do electronic fund transfers. Some lenders will offer you the option of debit order, which means you won’t forget to pay on time.

To get access to instant payday loans in Ontario, contact Better Than The Bank and get approved and paid out in no time at all!