Frequently Asked Questions

• You're at least 18 years old.
• You're a Canadian citizen or resident.
• You have a regular income from employment or benefits.
• You have a Canadian bank account accepting online money transfers and Interac e-Transfer®.
• You have an active mobile number and email address.

1. Fill out our form: It takes a few minutes to complete our 100% online application form.
2. Get quick decision: After filling out and submitting the form, you'll get an instant decision from one of our lenders within seconds.
3. Fast cash payout: Once your loan is approved, the loan amount will be deposited into your bank account within 2-5 minutes by e-transfer.

Our short-term payday loans range between $100 and $1,500. You can also apply for installment loans online for up to $35,000 or more with repayment in monthly installments.

You can repay your loan by cash or setting up a direct debit from your bank account.

FundingOwl supports a 100% online process. You can accept your loan contract by e-signature. Just e-sign your contract and email it back to your lender.

If you can't repay your loan, don't worry; immediately contact your lender to find ways to get back on track. In most cases, lenders have an alternative way of collecting loan repayments.

Absolutely yes. FundingOwl uses high-end and modern security technologies that secure your personal information from hackers. We have advanced encryption and decryption systems that save your information. We never share or sell your details to third parties.

FundingOwl is a partner with Canadian responsible lenders. It means you must provide a valid reason while applying for a loan.

No, there is nothing like 'guaranteed' or 'no refusal' loans. Each applicant must match with basic eligibility requirements. The loan approval is based on your current financial situation and ability to repay your loan.

No, FundingOwl is a free loan comparison website. Usually, our partner lenders run soft credit checks while assessing a loan, but don't worry; it won't negatively impact your credit score.

Yes, you can apply for short-term loans, such as payday loans, even if you are unemployed. All you need to prove to your lender that you have a stable and regular source of income to repay your loan on time. You can use your income from benefits (Employment Insurance (EI)) as an alternative source of income.

Yes, you can get loans for bad credit people at FundingOwl. We have options of lenders willing to approve your loan application, even if your credit score is low or insufficient. However, you must have an income source to repay your loan.

Online loans are easier to apply and quicker to receive cash than traditional bank loans. Once your loan is approved, you can get cash on the same day of application.

At FundingOwl, our all-short-term loans are available for up to 12 months of repayment.

Once your loan is approved, we transfer your funds into your bank account within 2-5 minutes by Interact e-Transfer®.

FundingOwl offers payday loans that deposit on weekends (Saturday and Sunday), even on public holidays in Canada.

So sorry if you find a trouble with us. FundingOwl always working hard to help every customer. However, if you have any problem or want to share valuable feedback with us, please get in touch with us.

FundingOwl business model is 100% transparent and honest. For more clarification, you can check our Privacy Policy and Terms and Conditions page.