FAQ
1. Can I get a loan ?
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Of course! To qualify for a loan, you must be 18 years of age or older, have a regular source of income, have an active bank account, and a valid email address and phone number. At Infinity Loans, we understand that life throws unexpected financial curveballs at the worst possible times, which is why we offer convenient online loans.
You can trust that you’re getting the best possible deal because of our prompt and dependable service and the absence of additional fees. Our online loan application process only takes a few minutes of your time. The rest of your day will proceed smoothly that way.
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2. What is an amortization schedule?
Your repayments will be spread over a set period, ranging from three to six months, depending on your loan amount.
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3. How much money can I borrow?
The amount you can borrow with a Infinity Loans ranges from $250 to $1,500.
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4. How long does it take to get a loan?
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If your loan application is complete when you submit it, it generally takes as little as 15 minutes to get an approval.
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5. Do you have an example of a loan repayment?
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If you borrow $500, you can repay it in 6 payments of $142.03. Note: This example assumes full repayment according to the agreed schedule. Depending on your situation, we also offer flexible repayment options to our customers.
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6. What is the annual interest rate?
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At Inifinity Loans, our annual interest rate is 28%.
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7. Where can I get a loan quickly and easily?
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You're in the right place. At Infinity Loans we offer competitive rates and flexible repayment options to help you get out of your financial hurdles quickly.
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8. Can I apply multiple times?
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You can apply for one loan at a time. We adhere to responsible lending practices to protect you from further debt.
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9. Can I get a loan with a bad credit history?
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Don’t worry about your credit history. At Infinity Loans, we focus on your current ability to repay a loan, making it easy for people with bad credit to get an approval for a small loan.
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10. What is a payday loan?
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A payday loan is a short-term loan based on your next paycheck. It’s a quick solution for people who face temporary financial difficulties. Please note that Inifinity Loans is not a payday lender. We offer a minimum lending period of 62 days.
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11. Do loans renew automatically?
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Loan renewal is not automatic and requires a new application and approval.
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12. What about credit ratings and collections?
We abide by Canadian lending standards. Defaulting may lead to legal fees and affect your credit rating.
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13 What happens if I default my payment?
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A $50 fee will be charged for bounced pre-authorized payments. Always ensure you have sufficient funds to avoid extra charges.
