Borrow Payday Loans in Nunavut with Pheabs
If you are looking for Payday Loans in Nunavut, you can borrow $100, $300, $500, $1,000 or $1,500 whether you are based in Artic Bay, Iqaluit, Naujaat or anywhere else across the province. Get Started Today with Pheabs!
Step 1 - Use Our Online Loan Request Form
Complete our online form in less than 5 minutes via your desktop, laptop, tablet or mobile device.
Step 2 - Receive an Instant Response
An instant loan offer will appear on screen from the lender best suited to you.
Step 3 - Get Money Within 1 Business Day
If your loan request is approved, the lender will transfer the funds to your account in one lump sum.
Why Use Pheabs Today?
If you are looking for payday loans Nunavut, Pheabs is here for you! We act as a loans connection service and match you with the lender who is most likely to approve your loan request and offer you the most affordable rate. So whether you need to pay for medical fees, auto repairs or any other urgent expenses, our 100% online platform can certainly help you today.
To get started simply complete our online request form, stating how much you wish to borrow and how long for. You will also need to include some basic information such as your contact number and postal address. After submitting the form you will receive an instant loan offer – applying for a payday loan has never been easier!
Am I Eligible?
- You must be a Canadian citizen
- Be aged over 18 years old
- Have a valid ID
- Have a valid and working Canadian contact number
- Earn a regular wage of at least $800 per month
- Have a live Canadian bank account
Where Can I Get A Payday Loan in Nunavut?
Pheabs proudly works with a number of payday lenders in Nunavut which means that we can help to find the perfect fit for you. Our bespoke software ensures that we source the best options available on the market. Locations in Nunavut include:
Arctic Bay
Arviat
Baker Lake
Cambridge Bay
Chesterfield Inlet
Clyde River
Coral Harbour
Gjoa Haven
Grise Fjord
Igloolik
Iqaluit
Kimmirut
Kinngait
Kugaaruk
Naujaat
Pangnirtung
Pond Inlet
Qikiqtarjuaq
Rankin Inlet
Resolute
Sanikiluaq
Sanirajak
Taloyoak
Whale Cove
What Are The Payday Loan Regulations in Nunavut?
| Are Payday Loans Legal In Nunavut? | Yes |
| Are Multiple Loans Allowed In Nunavut? | Yes |
| Maximum Loan Amount | $1500 |
| Minimum Loan Term | 7 days |
| Maximum Loan Term | 62 days |
| Maximum Cost Of Borrowing For A $100 Payday Loan | $60 |
How Much Will a Payday Loan in Nunavut Cost?
Pheabs will not charge you any fees for securing a loan through our brokerage service. You will however have to agree to fees from the lender.
Lenders in Nunavut can charge up to $60 in fees for every $100 borrowed. For example, a $600 payday loan to be repaid over 2 weeks could cost $360 in fees, although some lenders may charge less.
How Do I Know If A Payday Loan Is Right For Me?
A payday loan in Nunavut might be right for you if you have an unexpected financial expense and cannot wait until your payday to sort it out. The short term loans offer a quick injection of cash that can help you stay financially afloat until you receive your next paycheck when it is then typically repaid back.
It is important to consider that payday loans are designed for emergency costs, they should not be used for frivolous spending such as shopping or partying. You should also make sure you will be able to afford paying back the loan, and any interest or fees, before deciding whether it is the best option for you.
How Do I Make Repayments?
Payday loan repayments in Nunavut can take place over 7 to 62 days. They are typically paid back in automatic installments on dates agreed upon with the lender in your loan contract. There is also usually the option to repay your loan back early, which can help you to save money on the interest.
If you cannot repay back your payday loan on time, you could face late fees and damage to your credit score. If this is the case for you, get in touch with the lender straight away as they may be able to offer you a more flexible repayment plan.
What Are Alternatives To A Payday Loan?
Alternatives to a payday loan including borrowing from family and friends, or requesting an authorized overdraft from the bank. You could also consider signing up for an interest-free credit card or trying to sell unwanted items you own on online platforms such as Ebay or through a garage sale.
Will I Be Accepted For A Payday Loan In Nunavut If I Have Bad Credit?
Yes, you can still get a payday loan in Nunavut with bad credit. Pheabs’ works with lenders who are willing to accept all credit histories, including poor credit.
So if you have already been turned down by a bank you can still inquire with us today as you might still find a lender willing to provide a suitable loan for you. We understand that financial emergencies can arise, so providing that you have a stable income and will be able to repay back your loan, our lenders are willing to consider your application.
Can I Get A Payday Loan in Nunavut With No Credit Check?
It is possible to get no credit check loans in Nunavut. Whilst all loan applicants are subject to a credit check to determine their affordability, you do not need to worry as we run soft searches that do not leave a visible footprint on your credit record.
You could also consider other financial products such as title loans. This uses collateral, your car, to guarantee and secure the loan.
FAQs on Nunavut Payday Loans
- Is Pheabs a Lender?
- Does Pheabs Charge Any Fees For Applying?
- How Much Can I Borrow in Nunavut?
- How Soon Can I Receive The Funds?
No, Pheabs is not a lender. We are a broker that work with a panel of over 50 reputable lender who all comply to the OLA standards. We connect applicants to the lender who is most likely to approve their loan request and who can offer them the most competitive rate.
No, Pheabs does not charge application fees. We simply receive a small commission fee from the lender if your loan request is successful.
Pheabs can offer Nunavut payday loans on the same day of applying, with the total amount in one lump sum. Our quick and easy to complete online application form can be submitted in a couple of minutes, after which you will receive an instant loan offer. If approved, the funds can be sent to your bank account within a couple of hours or by the next business day.
To help speed up the process, we recommend applying during the usual working hours of 9am to 5pm. You should also be contactable at all times via phone or email incase the lender gets in touch with follow up questions.
