PERSONAL FINANCE BLOG

Money shouldn´t stop making your plans come true. Learn how personal loans can help you!
Captain Cash personal loans Review
27 Aug 2018

Captain Cash personal loans

Captain Cash personal loans is a way for you to obtain financial relief when tradition banks turn you down. Their similar to payday loans and can offer you a flexible repayment term. They are a loan company that offers you the personal loans you need when you need to have cash quickly. Captain Cash personal loans can provide loans to anyone with a stable income.

If you are looking for a quick and fast loan, Captain Cash offers you amounts up to $750!

You are interested if

You are a consumer seeking a personal loan and have a stable income source. You want a loan that is proportional (in both total amounts and interest rates) to your income.

 

Key Points

Brief Description Captain Cash personal loans have something for anyone who doesn’t qualify for traditional bank loans.
Limits and Deadlines You can borrow anywhere from $200 to $750 in installment loans with up to 3 months with the possibility of more to repay.
Urgency As long as all your documents and information checks out, you can get your loan same day.
APR Range Their interest rates are not stated but are subject to the amount you request. You can expect them to be similar to those offered by payday loans.
Closing/Origination Fees There are no associated fees with the processing.
Early Payment Fees You can pay your loan off early with no additional fees and if you choose to cancel, there are also no associated fees.
How to Contract the Product You can head over to the Captain Cash website to get in touch with them. You also have the option to go in store or speak to them via phone.
Main requirements To apply, you must have an active bank account and subject identity check plus have a valid telephone number. You must have an active bank account and be over the age of 18.

About Captain Cash Personal Loans

Main Features

Being either for those in a lower income bracket or those who are in a higher income bracket, Captain Cash personal loans can be better described as a company that caters every financial class. There is no ideal market for their loans as more and more people in any class are finding that they need the occasional loan to bridge gaps in their income. Captain Cash offers small personal loans to anyone without a credit check and you have up to 3 months to pay it back. There is the potential for an ideal candidate to have a solution to their financial dilemmas. There aren’t that many lenders who have a payment calculator for full disclosure like that offered by Captain Cash, which gives them the competitive edge in the financial market. What mainly sets them apart as they have loan options for those who have damaged credit as they do not do a credit check.

Despite all the great qualities you can find with Captain Cash personal loans, they still have some work to do in order to offer more to the lower credit classes This is due to the fact that some loan options do not immediately rectify financial issues that arise. The reason for this is they are very limited in the amount of the loans they offer. With a cap of $750, they do very little compare to their competition. Unfortunately, this means if you need considerably more money than that that is offered by Captain cash, you might want to go elsewhere. Also, they are 100% online with the potential to go in branch, but online is the preferable method.

The repayment method is fairly straightforward as there is only one option for making payments. The primary way they collect payments from you is by setting up automatic payments from your bank account that will be taken the morning of each payment date. You will have no direct control over these payments. This stipulation has been put in place to make sure at least the minimum payments get made without any other payment option being available to you including early payment. This being what it is, makes it easier for you to not have to worry about remembering to make your payments, but the bigger issue is if you lack the funds to make these payments on any given day. Then you are going to attain additional interest fees from Captain Cash and the possibility of a fee from your bank as well. Any additional fees for missing payments are at the discretion of Captain Cash. Captain Cash personal loans do require you to contact them with 48 hours notice if you think you can’t meet your payment or you miss a payment. They will work with you to rectify the issue.

Additionally, Captain Cash personal loans have a few unique features that make them different from other lenders. They only do small loans up to $750 and though you can re-borrow, they do not increase this amount. Captain Cash is customer focused with personal loan options for each financial class as they do no credit check and offer such a limited amount. As such, the repayment is not flexible with a maximum term of 30 months. You do have the option to re-borrow again once you’re done. If you have issues with payments or $750 doesn’t cut it, you might want to go elsewhere for your loan options.

More than that, Captain Cash personal loans do not allow for any flexibility. They are very much similar to a payday loan company with the only difference being that they allow for installment payments This can help you if you are only looking for a small short-term solution to your financial situation.

How Does It Work?

Captain Cash personal loans are quick and simple with a 100% online process that makes it efficient for those who don’t want to spend hours applying for a loan. You simply choose your loan amount with the calculator, take five minutes of your time to fill out the online application and submit to the required bank and identity checks that are fully secure and only offer confirmations of the information you have already provided. Your application will be processed as soon as they receive the required feedback to your checks. You will receive the lending decision within minutes that includes the amount of your loan and all associated fees and rates, you can then receive your funds by direct bank transfer. You can get it within hours via a direct bank deposit. This also depends on what time of day you fill out the loan application as you have 24/7 access. Your loan may be delayed for next day processing if you only fill out the application near the end of business day. There is a continual option for you as long as you have an open account with Captain Cash personal loans to readjust the terms. Additional options regarding your loan are to get a loan protection option to help you in the event that your financial situation changes and it becomes difficult for you to make your regular payments. This is a highly recommended option because it will also protect your credit from receiving any damages due to misfortunes.

Conclusions

Captain Cash personal loans are dependable, comprehensive and relatively painless solutions to most short-term money problems encountered by the average Canadian as well as a resolution to Canadians who have less than ideal credit. The 24/7 access to apply for a loan makes it convenient for you not matter what your schedule may be. The entire process is very user-friendly and for the most part, mimics what you might find when you do a payday loan.

Even those with lower credit scores will receive loans as there is no credit check. Captain Cash personal loans have an offer may help you for short term budget gaping solutions. However, those who need more than the standard payday loan amounts will not be able to get it from Captain Cash.

Captain Cash: A Short Term Loan Option.

Captain Cash personal loans have quickly made their name known across the western Canadian market. They have helped thousands of Canadian with short term loans to meet crisis financial issues that are immediate. Since they have no specific limitations to their loans, they are the ideal lender for those who aren’t certain of their up-coming financial obligation. The main focus of Captain Cash is offering you affordable personal loans to help you when you need it. Having established themselves as a reputable company for very small short term loans, they are ideal for quick decision, quick payback options. Having established themselves with a strong foothold in the western Canadian loaning market, there is potential for them to continue to expand well into the future with their constant forward-thinking to include longer and larger term loans.

What We Think

Captain Cash is an established and familiar presence in the loan industry, so if being a well-known company that has public recognition is something that matters to you, this company can be a decent choice for your lender unless you require more than the capped $750 loan. They offer lower loan amounts than their competition but the range of loan amounts that you can get is only meant to be very short term. Their $750 top lending amount only covers a small portion of any financial situations you might be in. If you think there is potential that you would want to borrow again in the future, Captain Cash is the loan for you. They only specialize in short term, payday style loans that you can re-borrow from again and again until you are stable enough to stop borrowing. As they are very much payday loan style, you might want to think carefully before you get yourself into the cycle of constant borrow and re-borrow because their interest rates are comparable to those of payday loans and this can be a hard hit on your future finances.

Being a lender that focuses on no and bad credit, they may have difficulties catering to other potential customers who may need Captain Cash personal loans. Having a tarnished credit history has no impact on your ability to borrow from Captain Cash personal loans and they are definitely worth looking into. Having complete access to their loans and the ability to play around with the loan calculator can help you come up with the ideal loaning option that suits you and your immediate situation for whatever purpose suits you best of all.

Overall, Captain Cash personal loans is an ideal lender for when you are looking for quick and small personal loans. They do offer you a solution that is immediate with no real wait period between application and the arrival of funds. No matter what financial need you may have, their loans have no strings attached. Once the money is in your hands, you can do with it as you desire for whatever reason you might have wanted the money for.  No matter what schedule you hold, you have access to applying for Captain Cash personal loans any time and anywhere. You also have the option to speak to a representative through the phone or in store that is offered by them so that you can get any answers to any questions you may have. Worth mentioning and repeating is that they are similar to that of a payday loan, the only difference is the re-payment. Instead of paying up front on your payday, you have the option to make up to 3 months worth of payments. This is something you want to think carefully about.