Canada Payday loan works in a very simple way. Its working follows five simple steps:
Step 1: You need to fill an application form giving proof of your regular income, bank account and your permanent address.
Step 2: You need to provide a post dated cheque which coincides with your pay check date or you can allow us to withdraw cash directly from you account on the due date. The amount in cheque is sum of the loan taken and the service fees for the loan.
Step 3: Once your form is approved the cash is deposited into your account within 24 hours.
Step 4: when the maturity date of post dated cheque arrives the cash is withdrawn from your account electronically.
Step 5: If you fail to pay back the amount on time then additional charges are included for late payment.