BE INFORMED

Repeat Borrowing

Trust Rating System

If you do not have any outstanding unpaid loans with us or any other Saskatchewan lender then you are eligible to apply for a new loan. You can only borrow up to 50% of your monthly net pay. If you want to borrow $1,500 you must have a minimum monthly net pay of $3000 or higher to be eligible.

A cash advance loan or Easy Pay loan is considered as a short-term loan and is not intended for frequent use. If another situation arises and you do need to borrow money from us again, the loan application process will be quicker than the first time. Since most of your information are saved in your Swift Online Cash account, you can simply log in, confirm the existing information, and apply. It's that simple!

As part of our commitment to responsible lending, we may at times make adjustments to ensure that each personal loan we give is in the best interest of our customer's financial health. We consider each loan application we receive on an individual basis, so repeat borrowers are not guaranteed approval because they have borrowed from us before.

NSF Fees

You can avoid any non-sufficient fund fees by making payments on time and ensuring that money is available for pre-authorized debits in your account on the due dates. NSF fees are broken down as follows, depending on each of the following Canadian provinces: Alberta, British Columbia, Ontario, Manitoba, Newfoundland & Labrador, Nova Scotia, Prince Edward Island & Saskatchewan.

Collections

Swift Online Cash's lending process is fully transparent so you can clearly understand your payment responsibilities. Depending on your pay period this daily fee may change. Your total amount to be repaid is the loan amount plus the interest fee, no additional fees will be charged to you.

The only way that your payment amount would increase is if you do not comply with your loan payment agreement. You must make sure that your bank account has enough funds to cover the preauthorized debit on the date you agreed to make a loan payment. If your bank account has insufficient funds at the time of the preauthorized debit, you will be charged a missed payment fee, and your bank may also charge you a non-sufficient funds fee. From there on, collection interests will be applied to the remaining balance of your loan until it is fully repaid.

From that point on, your file will be passed on to our professional collections team who will do their best to come to an agreement with you. Unfortunately, if you do not work with us to pay your loan in the agreed-upon time frame, Swift Online Cash will have no other choice but to pass on your file to an external collection agency.

The transfer of your file to an external collection agency may also generate additional fees for you, it can lead your credit file to a negative note and could damage your file for six years. Your credit file information can be passed on to other organizations by credit agencies and fraud protection agencies for verification purposes or to track your whereabouts in order to recover the sums owed.

This is why we reiterate that it is extremely important to respect your commitments with us. Swift Online Cash is a company with a human side and we understand that difficult situations may happen. If this is the case, please contact us as soon as you can so we can find an arrangement that can reduce costs for you and that will allow you to meet your commitments. However, Swift Online Cash strongly recommends that you think seriously before applying for a loan. If you have any doubts about your capacity to reimburse this loan according to the established terms, we recommend you to find another source of financing.

We follow the strict guidelines and lending procedures set out by each province.

By Law we clearly show the APR to our customers so they can make an informed decision.