Banana Cash

What are the eligibility requirements?

Be a Canadian Citizen
Be paid by direct deposit
Be 18 years old and over
Have a steady job (3 months minimum)
Have a low ratio of NSF
Earn at least $1200 /month
Have a low ratio of payday loans

We do not accept the following:

Welfare
CPP
Private pension
Student loan
Self-employed
Child tax
Disability (odsp, aish ...)
Other insurance income

Do I need a bank account?

Yes, an active account at a Canadian financial institution is required.

How long will it take before the money is deposited in my account?

If your file is approved before 10:30AM EST, you should receive your money before the end of the day.

What are the reasons for which my application may be refused?

Have an un-discharged bankruptcy or a consumer proposal ongoing
Not having a steady job
Required documents are incomplete or incorrect information
Too many non-sufficient funds on transactions

I am self-employed, am I eligible for a loan?

No, only people paid by direct deposit on recurring dates are eligible.

Where can I find a fax machine?

Staples
UPS stores
Shoppers Drug Mart
Rexall
Post offices
Convenience stores

Why do you charge different fees for similar loans?

The lending companies we do business with offer :

Annual interest rates of 23%
In case of default, the interest rate on the remaining loan is 23% anually
NSF fees : $48
In some cases, it might be possible to delay a payment for an administrative fee of $28
Minimum length of repayment term : 3 months
There is a surety fee applicable on the loan

How do public holidays and weekends affect the service?

Even though we're closed on weekends and public holidays, you can still apply online 24/7 and send your documents. We will be able to process your file the following business day.

Frequently asked questions