FAQ’s

What types of loans does Private Loan Shop offer?

Private Loan Shop offers payday loans, personal loans, installment loans, and debt consolidation solutions for Canadians looking for fast and convenient financial support.

How quickly can I get approved for a loan?

Most applications receive a fast online decision within minutes. Once approved, funds are typically sent quickly depending on your bank and verification process.

Can I apply for a loan online?

Yes. Private Loan Shop provides a fully online application process that is available 24/7, allowing you to apply anytime from your computer or mobile device.

Do I need to fax documents to apply?

No. Private Loan Shop offers a fax-less application process, making it easier and faster to complete your loan request online.

What is the difference between a payday loan and an installment loan?

A payday loan is usually a smaller short-term loan that is repaid on your next payday, while an installment loan allows you to repay the borrowed amount over multiple scheduled payments.