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Read Leaf Payday Loans Review
4 Oct 2018

Read Leaf Payday Loans

Looking for an online payday loan but don’t like any of the usual lender choices? Red Leaf payday loans are a brand new option for you to try out.

Borrow from an up-and-coming lender with a uniquely Canadian point of view.

You are interested if

You need a small, easy online loan.


Key Points

Brief Description Red Leaf payday loans are standard online payday loans that can be accessed quickly and easily from anywhere in Canada.
Limits and Deadlines The minimum amount you can borrow is $100, but you can get up to $1,500 if you so choose and are eligible. The more you borrow from this lender, the higher the limit they’ll allow you.
Urgency According to their website, you can receive the funds from your Red Leaf personal loans as soon as the morning after you apply.
APR Range Varies between provinces, but it’s usually pretty close to the legal maximum for payday loans in each place. You can check the exact percentages for your area by entering searching on their website.
Closing/Origination Fees None.
Early Payment Fees None.
How to Contract the Product Getting Red Leaf payday loans is easy; head over to their website and complete their extremely brief application form to find out how much they’ll be willing to lend you.
Main requirements You must be over 18 years of age, hold full Canadian citizenship, and have a job at which you regularly make at least $667 a month and are paid by direct deposit.

About Red Leaf Payday Loans

Main Features

Red Leaf payday loans are an easy way to fix a small, short-term financial problem. You won’t get too much money in your pocket this way, but many people don’t need much more than a few hundred at one time anyway. Once your next payday rolls around and your loan comes due, the process is finished, making it a simple and convenient way to get a little more spending power when you’re low on liquid funds.

Red Leaf Loans explicitly works with people with bad or non-existent credit, too. They do run a credit check on every applicant, but the results of this test don’t count for much in terms of the final outcome of your loan approval. The only firm disqualifying factors are a current bankruptcy (even a past one will not count against you in this process) or a heavy dependence on income that comes from a source other than employment. If you meet these requirements, you’re considered pre-approved, so most people will be offered at least a small amount of money.

How Does It Work?

Because of their pre-approval policy, Red Leaf payday loans are even easier to get than most loans of this type. Fill in the necessary information on their application form, give them a little time to verify it, and you’ll have your loan money in your account before you know it. The only thing you might have to wonder about is whether or not you’ll be approved for the entire amount you wanted, but even this is only a minor concern; the available range is small enough that you should have no trouble estimating what amount you’ll get. Once the credit check and potentially the employment verification questions have been conducted, you can expect to see the money in your account as soon as the next day.

Customers make their repayments through an automated system that takes the money directly from their accounts at a predetermined time, as was agreed to in the initial loan paperwork. Red Leaf Loans will send an email to all clients due for repayment two days before this time comes, just to make sure that they are prepared for that expense. If you don’t have enough money in your account, you will incur non-sufficient funds fees between $20 and $58 depending on your province, and may also owe similar fees to your bank. This extra expense is easily avoided as long as you make sure to pay attention to your account balance when your loan payment comes due.


Red Leaf payday loans come with all the standard features and drawbacks of a typical payday loan. The loans offered are small, fast, and available to almost anyone. The company does go out of their way to state that meeting the baseline requirements is all it takes to be approved for some amount of money, so it’s nice to know that you’ll get something as long as you can check off all the necessary boxes. They also boast an even quicker application process than most lenders like this, although the difference is slight enough that it doesn’t matter very much.

One final thing to note is that they are a very new lender, and therefore have not had much time to prove themselves yet; if reputation and dependability are important to you, you may prefer a more established lender until Red Leaf has had the time to build themselves up more. However, there’s no reason to think they won’t provide the excellent service you’d expect to get anywhere else, so don’t count them out unless it’s a major sticking point with you.

Red Leaf Loans: Experts on Canadian Lending

Red Leaf Loans takes their name from the red maple leaf on the official Canadian flag, demonstrating their patriotic pride. They are an extremely new company that is just getting started and still has a few things to get set up, but they plan to have convenient customer service lines open to help applicants and clients with whatever they need, as well as a blog where they will be able to demonstrate their knowledge of the Canadian financial industry. They’ve started off strong, and there is every reason to believe that they will continue to do well in the future.

What We Think

There’s little to differentiate Red Leaf payday loans from other similar short-term loan products on the market, but that’s not necessarily a bad thing. The usual setup is so common because it works well for both lenders and borrowers, and there’s no need to change something that’s providing benefits for all parties involved. You know exactly what you’re going to get here, and if that’s the kind of loan you’re after, Red Leaf Loans is as good as any other similar lender.