Are there payday loans for CCTB customers in Canada?
The Canada Child Tax Benefit (CCTB) is a tax-free monthly payment provided by the Canadian government to eligible families to help with the cost of raising children.
If you are receiving the Canada Child Benefit and are considering a payday loan, it's important to exercise caution. Payday loans can be provided by bad credit lenders, so the loans have large rates, and borrowers may find themselves in a cycle of debt if they are unable to repay the loan on time.
As an alternative, you can also take out a personal loan. Your possible expenses:
Personal loan calculations for 1 year (example)
| Amount, $ | Rate, % | Accrued %, $ |
| 20,000 | 7.85% | 850 |
| 20,000 | 10.85% | 1,175 |
| 20,000 | 13.85% | 1,500 |
| 50,000 | 8.05% | 2,180 |
| 50,000 | 11.05% | 2,993 |
| 50,000 | 14.05% | 3,805 |
| 100,000 | 8.25% | 4,469 |
| 100,000 | 11.25% | 6,094 |
| 100,000 | 14.25% | 7,719 |
| 200,000 | 8.45% | 9,154 |
| 200,000 | 11.45% | 12,404 |
| 200,000 | 14.45% | 15,654 |
How can Bankchart.ca help you in applying for CCTB payday loans?
How and where can I get a same-day fast loan online to a debit or credit card or in cash at a financial company near me? Who can help you get a loan with a bad credit score? These questions are of interest to many CCTB receivers in Canada.
In order to urgently get payday lending without refusal, you need to send online applications to several financial companies that accept CCTB incomes in Canada. We cooperate with reliable and trusted banking and financial organizations that have the appropriate licenses for providing loans online and at stores. Therefore, if you need a perfect loan, use this webpage and you will find out who offers personal loans under the best conditions and has the most loyal approval approach.
See the similar FAQ about Canadian banks:
- BMO priority pass
- BMO roadside assistance
- BMO secure email for phishing attacks
- BMO secured credit card
Details of companies offering the financial services:
GoDay
Contact center: 888-984-6329
Web-site: https://goday.ca
iCASH
Head office’s address: 372 Bertha St, Hawkesbury
Contact center: +1-844-419-2274
Web-site: https://icash.ca
Loans Canada
Head office’s address: Canada 170-1201 University Ave, Toronto, ON, M5H
Contact center: 1 (877) 995-6269
Web-site: https://loanscanada.ca/
Money Mart
Contact center: 1-800-361-1407
Web-site: https://www.moneymart.ca
MyCanadaPayday
Contact center: 604-630-4783
Phone: 877-730-8406
Web-site: https://www.mycanadapayday.com/