Finjoy is a professional and transparent online lender. We want to provide affordable loans to as many people as possible, because we believe you shouldn’t have to pay extremely high fees and interest rates as those charged by payday lenders.
Currently we can offer loans to residents of British Columbia.
No, we only offer installment loans which are much cheaper than payday loans. Actually, we believe that our loans can help you stay away from the cycle of payday loans. In addition, we can help you improve your credit score (if you maintain a good repayment record), which in turn can help you access even cheaper credit, saving a lot of money.
The biggest difference is that we actively look for ways to help you when banks don’t want to. We are much more flexible, looking beyond your credit score. We know you are more than a number, so we consider your overall financial picture. We are also faster than banks: if you submit a complete application, we can approve you within a day.
We value and welcome your referrals. In fact, most of our clients have been referred to us by satisfied past clients. Please contact your Finjoy Advisor for more details about our referral program.
Everyone can benefit from better financial knowledge. While money can’t buy you happiness, having a certain degree of financial security can make life much more pleasant. Our educational section covers important areas related to personal finance with tips, insights, and news, providing better financial knowledge, and hopefully a less stressful life.
Applying for a loan at Finjoy is simple, quick and secure. You can apply online from your mobile device or personal computer at any time. If you prefer, you can contact one of our friendly advisors and they will be happy to assist you throughout your loan application.
This depends on the strength of your application and your previous history with us. Most first time Finjoy borrowers are approved for up to $2,500. Returning clients with a good repayment record can often qualify for a higher loan amount, up to $10,000. You can refer to our calculator to get a rough estimate of your payments for various loan amounts.
Once we receive all required information and documents, your application can be processed within one business day.
Yes. We look at more than just your credit history, because we know anyone can get into financial difficulties. What we look for are responsible borrowers.
In some cases, we may need additional documents and/or a co-signor to strengthen your application.
Yes, but we look at many other factors when evaluating your application. Your credit score is only a small part of the overall picture. Many of our clients have less than ideal credit history but we are still able to help them.
In some cases, yes. Many of our clients have had financial challenges in the past, and unlike most banks, we are still able to help such clients in some cases. Please contact a Finjoy Advisor to review and discuss your specific situation in detail.
Your loan agreement is a legally binding document. It is very important that you read this carefully and make sure you fully understand it. It may also be a good idea to review the agreement with a lawyer if you are not fully clear about the agreement.
Yes. We would be glad to help you if the need arises. Depending on the province of your residence, different rules and policies apply. Please contact us for further information.
Easily. When you apply, you give us authorization to debit your account on the scheduled days. Your payments are then deducted automatically from your account.
Yes, you can payoff your loan anytime you want or make extra payments without any additional fees or penalties
The date of your first payment will be discussed and agreed with you prior to finalising and signing the loan agreement.
If you know you will miss a payment you should contact us at least 3 business days in advance to discuss alternative arrangements. Otherwise you will be charged an NSF fee. Your bank or financial institution will most likely charge you an NSF fee also. These can add up, so please make sure you contact us as soon as you feel you may have a problem.
A backer is a co-signer on your loan. Your backer is kept informed of any problems on your payments, and agrees to pay off your loan whenever you are unable to.
If your credit history and application are not strong enough, then adding a backer will help increase your chances of approval since it helps build your trust.
A backer is someone you trust and someone who trusts you, like a friend or family member (but not your spouse). Anyone who knows you well enough to be willing to co-sign for your loan. We have the same requirements for the backers as for the primary loan applicants.
As a backer, you are acting as a co-signer on the loan and you are agreeing to pay off the loan if the primary borrower is unable to. Should that happen, you will be responsible for any missed payments.
You should only act as a backer if you have confidence in the ability of the primary loan applicant to fully repay the loan. We inform backers of all and any missed payments.