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Guaranteed Payday Loans No Matter What Canada – Do They Exist?

Guaranteed Payday Loans No Matter What Canada - PaydayCity.ca

The pandemic situation has an adverse effect on the working people unable to manage the average monthly expenditure. Due to job losses, office closures, pay cuts, low wages, and many other reasons, most of the working class in Canada is facing a severe financial crisis. who is unable to earn a living.

At a time when you are in financial trouble. Looking for a way out of this trouble. So chances are high that someone will suggest you apply for Guaranteed Approval Payday Loan. For the first time, arranging fast cash withdrawal from Guaranteed Payday Loans Canada can be a viable idea for you.

Which has the tagline “Guaranteed”, but the following varies by city. You get different sides of the story. So, to address the dilemma of whether payday loans with guaranteed approval in 2022 really exist. Payday City has come up with this blog to provide you with the necessary information.

Can I Get A Guaranteed Payday Loan In Canada, No Matter What?

Looking for guaranteed payday loans no matter what happens in Canada? Payday loans where applicants are assured of this fact. That the loan applications will be approved, no matter what. But in reality, such loans are not even in Canada and not before.

You have to understand the fact that lenders provide loans to some such individuals. Those who are in urgent need of cash and contact the online lender for the same. Creditors check the repay the loan capacity of the borrower. Do not put the bank’s money at risk in the hands of risky defaulters in any way.

So, first, clear the air that no such thing as a guaranteed payday loan exists. There is a clear possibility of facing loan rejection based on not having enough income to prove, incomplete personal details, and much more. For example, traditional banks have a very low level of risk.

Because private lenders accept applications from only 20-25% of borrowers. Those who have a good credit rating and income spectrum. At the same time, 70-80% of the applicants have been rejected. On the other hand, the approval rate through online payday lenders is around 90%.

On the grounds that such strict terms and conditions are not prescribed. But borrowers need to understand the hidden fact of paying higher interest rates and loan charges in the end. Income spectrum. Whereas, 70-80% of applicants have been rejected.

On the other hand, the approval rate through online payday lenders is around 90%. on the grounds that such strict terms and conditions are not prescribed. But borrowers need to understand the hidden fact of paying rates and loan charges at the end.

Nevertheless, many borrowers applied for payday loans in the post-Covid-19 scenario to tide over the unforeseen financial crunch. According to a survey conducted by Acorns, 80% of borrowers take payday loans primarily to meet monthly expenses. 40% of borrowers who have been taken by traditional has been rejected. , Banks got the much-needed financial support from online payday lenders.

What Are The Eligible Criteria For Payday Loans?

In order to qualify for guaranteed payday loans in Canada. You need to meet the requirements criteria, no matter what. Criteria that must be met do you know them:

  • Be 18 years of age or older.
  • Be a Canadian citizen or permanent resident.
  • Have sufficient income to repay the loan amount borrowed. You must earn at least $350 weekly, and no more than 50% of this should come from payments.
  • Have a home address and valid identification in Canada.

Why Is There No Such Thing As Guaranteed Payday Loans In Canada?

To reiterate the claim that there is no such thing as payday loans with guaranteed instant approval in Canada in 2021-2022. When the financial condition of many people is on the ground. We have to provide you with a fact that no lender will take the risk of giving money to a borrower who is unable to repay.

Specifically, in situations where payday loans with guaranteed instant approval are only for short-term periods. Payday loans come with a repayment tenure of 14 days to 62 days and a high APR rate of 400%. And the higher interest rate varies according to the lower cities.


Interest Rate (2-Week Term) Fees Per $100 (2 Weeks) APR









British Columbia








Nova Scotia


$19 495%
Saskatchewan 17% $17


Prince Edward Island




On top of that, you can deduct the costs associated with payday loans which are always high. So, why would any online private lender take the risk of giving a loan when the borrower’s application is to be rejected during the initial stage itself.

Types of Guaranteed Payday Loans No Matter What Canada?

So, to help out Canadian people looking for ways to arrange some short-term loans. Payday City has come up with some alternatives to a guaranteed approval for bad credit payday loans.

Personal Loan With Guaranteed Approval:- You have an option to apply for unsecured personal loans with bad credit in Canada. So that quick cash arrangement can be done for a longer duration and not be preferred for a repayment period of 14 days. For this, you need to maintain your credit history in a stable condition to convince the lender that you can repay well on time.

Credit Card Lending With Guaranteed Approval:- Credit card advance cash is one of your saviors to arrange some emergency cash without falling into any debt trap. The interest rate charged under credit card cash advance is low. For example, if you withdraw cash from your credit card using an ATM. So you are charged a $5 cash advance fee and the interest rate can be up to 22.99%.

Line of Credit With Guaranteed Approval:- Line of credit is another viable option for you to arrange some emergency cash. Especially in the sense of having equity in your home that can allow you to arrange plenty of cash at reasonable terms and conditions.

Guarantor Loan With Instant Approval:- If you are not eligible for any loan. So you can take the help of a guarantor. Who is in a good credit position and can help you to apply for a no-refusal loan without a credit check. These loans are quite cheap as compared to other financial sources.

Fast Payday Loans With Guaranteed Approval:-  This is a special service for working individuals to get an emergency cash advance of $100 from their upcoming salary. It is paid on pay day. There is no interest rate in this financial offer. But you will have to pay extra charges for late payment.

Overdraft Protection With Guaranteed Approval:- If you have overdraft protection on your chequing bank account, then you have the liberty to avail overdraft monetary protection facility. Overdraft protection has limits and you can easily pull off some cash at an interest up to 22% per annum.

Emergency Fund With Guaranteed Approval:- It is not a loan but a financial strategy for people to save some cash for emergency circumstances. You can have some funds in advance to meet fiscal issues at any point in time.

Micro Investing With Guaranteed Approval:- Investing in micro-investing is one of the ways to arrange some cash during emergency circumstances. This is unlike a big investment but a small one to make your monetary position goes strong in the long run.

Wrapping Up

Unexpected financial crises can come at any time. You can get the required online payday loans financial help here to stay away from hassle. PaydayCity is here to make your fiscal worries go away and meet the desired outcome in a hassle-free manner.

Apply for guaranteed payday loans no matter what Canada 24/7  with 100% quick approval from direct lenders response. 


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