Frequently Asked Questions

What does SupaSmartLoans do?

SupaSmartLoans is a loan matching service that helps Canadians compare loan options from a network of participating lenders. We are not a lender and do not provide loans directly or make credit decisions.

What types of loans can I compare?

Through our network, you may be able to compare different types of loans, including same day loans, installment loans, payday loans, and options for bad credit. Availability depends on the lenders and your individual financial situation.

What interest rates are charged?

Interest rates, fees, and repayment terms are set by each lender. These can vary depending on your credit profile, income, and the loan type. You should always review the full loan agreement carefully before accepting any offer.

Do you charge any fees?

SupaSmartLoans does not charge users any fees for using our service. However, lenders may charge interest or fees as part of their loan agreements.

Will my loan be approved?

Approval is not guaranteed. Each lender has their own criteria and will assess your application based on factors such as your income, credit history, and financial situation.

How much can I borrow?

Loan amounts vary by lender, but options may range from $300 to $50,000 depending on your eligibility and the lender’s criteria.

How do I repay my loan?

Repayment terms are set by the lender. In most cases, payments are made automatically from your bank account on agreed dates. It’s important to make payments on time to avoid additional fees or negative impacts on your credit.

Is my personal information safe?

We take data protection seriously and use security measures to protect your information. Your data is handled in accordance with our Privacy Policy and may be shared with participating lenders to process your application.

Can I get a loan with bad credit?

Some lenders may consider applications from individuals with bad credit or limited credit history. However, approval and terms will depend on your financial situation and the lender’s criteria.

How will I receive the money?

If you are approved, funds are typically deposited directly into your bank account by the lender.

How long does the process take?

The application process usually takes only a few minutes. Lenders may provide decisions quickly, but funding times vary depending on the lender and your bank’s processing times.

Do lenders perform credit checks?

Some lenders may perform credit checks or use alternative methods to assess your application. This depends on the lender and the type of loan you are applying for.