Fast. Flexible. Fair. That's the Cash Dynamic way.
FAQ
Welcome to Cash Dynamic, where we turn financial stress into financial freedom. Our commitment is to help you navigate through challenging financial times, quickly and effortlessly.
Frequently Asked Questions
Cash Dynamic is an online platform connecting consumers with potential lenders, offering financial solutions and opportunities for financial freedom.
- Visit the Cash Dynamic website and fill out the initial form. This form does not require financial details.
- After submitting the form, you're directed to a page with our trusted lenders' websites, where you can choose to proceed with the final application.
- The final application process includes an Instant Bank Verification (IBV) to verify your financial details securely.
- Your basic information, like province and requested loan amount, is shared with lenders to pre-approve potential loans.
- Notification of pre-approval is sent via email and SMS, inviting you to apply directly to the lender's website.
Interest rates on Cash Dynamic can be as low as 0%, offering transparent terms and absolutely no hidden fees. The Annual Percentage Rate (APR) and specific fees are determined based on factors such as creditworthiness, the province you reside in, and the lender you're paired with, with the maximum APR set at 26%. This ensures that all financial terms are clear and tailored to meet individual needs and circumstances.
For a detailed understanding of how APR and fees are applied, please refer to this blog post.
No, individuals who are solely on a pension, do not have employment, and do not participate in online banking or e-transfers are not eligible for a loan through our services.
Loans can be repaid over 12 to 16 weeks, with weekly or bi-weekly payments. Flexible repayment terms are designed to fit individual financial situations.
Residents of Canada who meet the lender's criteria can apply. The service is not available in all provinces, and availability may change without notice.
Cash Dynamic does not lend money directly; it refers clients to lenders offering short-term financial solutions. The loans obtained through this referral process have specific terms, including repayment periods ranging from 12 to 16 weeks, with options for weekly or bi-weekly payments. Interest and fees for these loans can start at 0% and $0 for the initial 12 weeks. For example, the repayment for a $500 loan at 0% interest can be as low as $500 in total, or $41.66 weekly. The maximum Annual Percentage Rate (APR) for these loans is 26%. This structure indicates that the loans are designed as short-term financial solutions, meant to be repaid within a short period, rather than being a line of credit or a long-term installment loan.
