How much can I borrow with DrCash? ＋
You can apply for an installment loan from $500 up to $25,000, with repayment terms from 6 to 60 months. Use the calculator on our homepage to find a monthly payment that fits your budget.
What are the eligibility requirements? ＋
To apply, you need to be a Canadian resident of the age of majority in your province, have an established credit history with a credit score of 650 or higher, a steady source of income, and an active Canadian bank account. All loans are subject to credit approval.
What interest rate will I pay? ＋
Our Annual Percentage Rate (APR) ranges from 34.56% to 34.95%. Your exact rate is confirmed and disclosed before you sign your loan agreement. Representative example: a $2,500 loan repaid in 24 monthly installments of $146.23 has a total repayable amount of $3,509.53.
How fast will I receive my money? ＋
Our application takes just minutes to complete, and decisions are fast. Once your loan is approved and signed, funds are deposited directly into your bank account, typically within one business day.
Can I pay off my loan early? ＋
Yes, anytime and with no penalty. Making extra payments or paying off your balance early reduces the total interest you pay over the life of the loan.
Will applying affect my credit score? ＋
As part of the approval process we review your credit file. Making your monthly payments on time can help build a positive payment history, while missed payments may negatively affect your credit score.
What can I use the loan for? ＋
Almost anything: home renovations, major purchases, education and career development, travel, investments, business opportunities, life events, or unexpected health expenses. You decide how the funds are used.
Is my personal information safe? ＋
Yes. Your application and personal data are protected with bank-level encryption from start to finish, and we never sell your personal information.
How do repayments work? ＋
Repayments are fixed monthly amounts withdrawn automatically from your bank account on your scheduled date. The amount never changes, so budgeting stays simple from your first payment to your last.
What happens if I miss a payment? ＋
Life happens. If you think you'll miss a payment, contact us at info@drcash.ca as early as possible and we'll work with you on options. Missed payments may result in fees and can affect your credit score, so reaching out early is always the best medicine.
Can I apply if I'm self-employed or retired? ＋
Yes. Self-employment income, pensions, and other steady income sources are all accepted, as long as you meet our credit and income requirements. The application simply asks a few extra questions about your income source.
How can I contact DrCash? ＋
Our expert support team is available 24/7 by email at
info@drcash.ca. We typically respond quickly, any day of the week.
