Direct Private Cash Loan for $10000 in Ontario


This potential customer is applying for a direct private cash loan for the amount of $10,000 and lives in the province of Ontario, Canada. He needs the money to pay for pool repairs and subsequent renovations that he wants to do to the pool steps and the surrounding deck. He did not budget for this repair since it has come as a total surprise to him and he does not have an emergency fund set up to deal with surprise expenses and repairs. As an aside, consumers should always have an emergency savings set up for major emergencies that we all experience from time to time.

The customer has an excellent credit rating and has a stable job with good income. He does have a line of credit mortgage in addition to this loan that he is applying for. The line of credit has insufficient room on it to absorb this added expense, and as a result he needs to borrow the additional $10,000 as a private loan.

This client should have no problem being approved for this private cash loan with his credit rating, income, job etc being in very good standing. We wonder if he would prefer to increase his line of credit to handle this added expense so that he has more flexibility in the future for dealing with emergencies. Further discussion will likely take place on this topic.

Cash loan rates are very competitive at the time of reviewing this application and this customer should be able to take on a loan with a relatively low interest rate and a term that results in a manageable monthly payment. If he does have savings or cash available sometime in the future the loan can be repaid earlier or they can also just pay down the line of credit and keep the loan. Payment on either debt will reduce the total amount of interest that he will pay.

DEFAULT LOAN APPLICATION FOR BORROWER’S INFORMATION

Loan Amount :: $10,000

Loan Application and Processing Speed (when do you need the funds):: within 2 days, I need to place a deposit on pool repair, then pay for the balance within a weeks time

Do you currently have a mortgage? :: yes, a small line of credit

Bank Name and Branch :: Royal Bank, Centrum Plaza

What City/Town, State and County do you live in? ::Ottawa, Ontario

Zip :: K1E 3X1

What is your employment field? :: Communications

Employment Position :: Telco Installer

When are you paid? (monthly/weekly/biweekly):: Bi Weekly

Your credit rating to be – excellent, fair, or bad? ::excellent

How did you find us? :: looking for private cash loans online using Google

How are you paid? (direct deposit/paper check):: Direct deposit

Gross Amount Per Paycheck ::$2,500

Do you agree to have this information published online, without your PRIVATE information of course? :: ok, provided that no personal information is released online

Extra information here please (some detail):: this is a problem I am sure many homeowners run into from time to time. They need to do an emergency repair which quickly grows into a repair and then a larger renovation that just makes sense to do. My liner on my pool sprung a gigantic leak which cannot be repaired and must be replaced. The cost for the new liner and the water to fill it is around $4,500, but it does not stop there. I need to have the pool steps resurfaced which is another $800 and then we decided because we are doing all of this work we might as well have the deck done at the same time.

The bottom line is that I need a loan for $10,000 to cover all of the repair / renovation expenses and I really need to know within a few days whether this loan can be approved or not so we can make a decision on all of the work that we need to have completed. This expense came as a complete surprise to us and was not a planned expense or we would have set aside some money to pay for the repairs and to do the deck work.

Note to Lender :: I am applying for a direct private cash loan and live in the province of Ontario, Canada. The reason I am looking for a private loan is that I have heard that rates can be more competitive and that lenders are more interested in lending money in situations such as this.

I have an excellent credit rating and a stable job. I do have a line of credit type mortgage, however it is close to its limit and does not have room to add this $10,000 to it, otherwise I would just use the credit line. We only took out the credit line a year ago and transferred our existing mortgage to it, thinking that we would not need to borrow any money for a few years and by that time would have unused equity that we could borrow if needed.

We forgot to plan for emergencies and as a result we are in this situation and need to borrow money to pay for the pool repair and the extra work that we want to have completed. Please advise if you can approve this loan or if any further information is needed.

 

 

Category: Loan APR 4% APR 5% APR 6%
Loan Principal $10,000 $10,000 $10,000
Payment Schedule Monthly Monthly Monthly
Length of Term 3 4 5
Amount to be paid $10,616.55 $11,020.64 $11,524.71
Total interest paid $616.55 $1,020.64 $1,524.71
Paid per installment $290.86 $226.45 $189.45

Do You Need A Personal Loan?

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Use the loan application below to start the process. Detail your income and purpose of loan please - lenders do not respond to applicants who don't provide it. Thanks for using BFC!


27 Loan Requests

  1. Neale applied for the following loan:

    Loan: $8,000.

    Speed: $2,000 ASAP $6,000 in two weeks

    Credit: Poor 560 score

    Location: London Ontario Canada

    Income: I am retired. Pension Ford Motor $2200./month OAP $551.54/ month CPP $679.90/month Total $3431.44/month

    Reason:

    I want to use the funds for a down payment on a small house. The $8,000. will cover the down payment and the closing costs. A second mortgage will be taken out based on the equity. The house needs cosmetic work and it is reflected in the price.
    I would like the loan for 24 months. Without a penalty for early payout.

  2. Brian applied for the following loan:

    Loan: 75,000

    Speed: as soon as possible

    Credit: Excellent

    Location: Saskatchewan

    Income: 88,000 per year gross annual earnings

    Reason:

    We recently bought a brand new house, and we have it mortgaged for $400,000. Unfortunately, the basement work is still not done and the bank is unwilling to lend any more money because I am at the 40% total debt servicing limit. I have 2 other properties that I can sell to pay this back, but if they don’t sell quickly I don’t want my contractors (carpenter, electrician) to be waiting for their payment.

  3. Bruce applied for the following loan:

    Loan: 10000

    Speed: ASAP

    Credit: Poor 430

    Location: Smiths Falls Ontario Canada

    Income: I work fulltime 40 hrs/week paid biweekly. I make $18.33/hr paid biweekly, ive been with this employer for 20+ years. I also work partime as a property manager. I gross $3500.00/month.

    Reason:

    Paty off credit cards have some moey in bank for emergency.

  4. rachel applied for the following loan:

    Loan: 10,000.00

    Speed: as soon as possible

    Credit: poor

    Location: casselman, ontario, canada

    Income: $ 2400.00

    Reason:

    the loan will be to pay off my debt and I need a washer and dryer cause I needed with 4 kids in school

  5. rachel applied for the following loan:

    Loan: $ 10,000.00

    Speed: like in one weeks or as soon as possible

    Credit: my credit score is poor

    Location: casselman, ontario, canada

    Income: I work full-time 40 hours weekly and get paid bi weekly I make $ 17.45 per hours, and I have a surplus revenue of $ 229.74 bi-weekly. so my gross income monthly is $3252.00

    Reason:

    I have 4 children’s I need a washer and dryer mine broke down a week ago and their were old, and same time I would like to pay off my debts in collection

  6. Corey applied for the following loan:

    Loan: 10000

    Speed: as soon as possible

    Credit: poor

    Location: fort saskatchewan alberta canada

    Income: 7200 as an electrican 1400 secondary income as well as child tax benifits

    Reason:

    Trying to pay off all my debt, have enough money to give my children a decent Christmas and finally get out of this financial hole I’m in

  7. trevor applied for the following loan:

    Loan: 300

    Speed: asap

    Credit: not sure

    Location: mississauga

    Income: Ow:1055 pre month Cctb and univers:911 Trilum:202

    Reason:

    I need This loan for Food for my kids and to get them some Christmas persent

  8. trevor applied for the following loan:

    Loan: 300

    Speed: asap

    Credit: not sure

    Location: mississauga

    Income: Ow:$1055/month Cctb:$811/month Ucctb:$100/month Trillum:$169

    Reason:

    I need This loan to Pay some off my rent and get Food in my place

  9. evon applied for the following loan:

    Loan: 10000

    Speed: asap

    Credit: fair

    Location: york ontario canada

    Income: 2800 after taxes

    Reason:

    gst caught up

  10. Roshane applied for the following loan:

    Loan: $10000

    Speed: As Soon As Possible

    Credit: Poor

    Location: Brampton,Ontario,Canada

    Income: I am employed full time,working 40 hours per week. My monthly income is $2300 per month.

    Reason:

    The purpose of the loan is to help me pay off my credit card debts.This loan will definitely help me getting my personal finances back in order. I am looking forward to purchase a vehicle as well.I hope and pray that I am approved for the that I applied for.

  11. dennis applied for the following loan:

    Loan: 10000.00

    Speed: as soon as possible

    Credit: poor 600

    Location: winkler manitoba canada

    Income: I manage a feed company for three years I take home 2700.00 a month and I work a part time job take home 900 a month

    Reason:

    I want to pay off some debts and lump them into one payment

  12. Craig applied for the following loan:

    Loan: 10000

    Speed: ASAP

    Credit: Poor

    Location: Ottawa

    Income: Net pay of $3000 per month from full time employment. $1000 per month on a rental property.

    Reason:

    To pay off debts in arrears to help restart building credit. To save property so I can balance it against securing collateral. Very Motivated…prepared to pay high interest rate…

  13. Kadeem applied for the following loan:

    Loan: 10000

    Speed: in one day

    Credit: poor

    Location: toronto

    Income: 13.79 per hr about 30hrs a week 330$ my 1st job was 12.50 per hr

    Reason:

    enrolled in college the work load was too much after awhile.i had to cut one job and until the end of April 2015. My car needs repairs , credit cards need to be paid off

  14. Amine applied for the following loan:

    Loan: 10000

    Speed: ASAP

    Credit: POOR

    Location: Richmond Hill

    Income: 3200 AFTER TAX, PAID BI.-WEEKLY

    Reason:

    TO PAY FOR WEDDING.

  15. Duane applied for the following loan:

    Loan: 10000

    Speed: as soon as possible

    Credit: poor

    Location: Ottawa,Ontario,Canada

    Income: 4000

    Reason:

    I am a professional driver who became very ill a number of years ago. After much recovery I am ready for the road again. With that said my financial and credit rating took a beating as did my partners. This struggle with finance eventually led into a poorly advised consumer proposal that has resulted in me being unable to obtain any start up capital.
    As a family unit with my partners income and my current income we can afford a $1000 per month payment on any loan. I am very eager to get back to work and will have plenty of work when I do.
    To be honest, I have given up hope on finding the help I need at this point. If you can truely help now is your chance. Sincerely,

  16. Anna applied for the following loan:

    Loan: $3000-$5000

    Speed: Urgently

    Credit: Not good due

    Location: Toronto, Ontario, Canada

    Income: Abt. $4,000 gross/month. $20.55/ hourly shift worker with a raise expected this October.

    Reason:

    I got myself in a financial mess and I very much regret the circumstance I find myself in today. I’m praying for a chance to get my finances in order. I’m a transit bus operator today. Grossing around $50k annually. I’m in trouble and in a desperate situation. I have no collateral, not so good a credit profile due to another world of business from many years ago. $5k will clear up my slate, pay off payday loans, give me a second life. $2k-$3k will help me catch up on bills. The longer the term 1 yr or more at a reasonable rate would be much appreciated but I will consider just about anything at this very dark moment in my life.

  17. cory applied for the following loan:

    Loan: 10,000

    Speed: asap

    Credit: no idea

    Location: oshawa,ontario,canada

    Income: 2200. Work full time

    Reason:

    deposit to purchase a business

  18. cory applied for the following loan:

    Loan: $10000

    Speed: right away

    Credit: no idea

    Location: oshawa, ontario, canada

    Income: $2,200 . I work full time for a delivery service.

    Reason:

    need money to put as deposit to purchase a business.

  19. RANDY applied for the following loan:

    Loan: 12000

    Speed: asp

    Credit: good

    Location: 9597 simcoe st sunderland ontario l0c1h0 canada

    Income: self employed 38 yrs bulk water delivery my income more in summer than winter months average winter 4000 to 8ooo month summer 8000 t0 20000 month last yr 1 man operation 140000 gross

    Reason:

    I have had cash flow crunch to pay a water bill of 21500 to durham region where i buy my water to sell.I have paid some on account just paid 5000 today on my credit card still owing 12000. But they are wanting rest of amount asp. my problem was i have a govt. contract with pickering airport site i normally get paid every 30 days there was a computer mess up with all my invoices now they owe me 30000 dollars its been corrected takes time to come in now and my busy season starting in weeks to come filling pools wells dust control i just need a helping hand for 3 to 4 months just or it could just be no longer 60 days until this money comes in to pay this bill off they won’t work with me to long there is new management in office and we don’t know one another to well but i’ve been dealing with the region since i started hauling. The world is changing not like it used to be a hand shake or verbile saying was good. short term loan thanks

  20. Jen applied for the following loan:

    Loan:

    Speed:

    Credit:

    Location:

    Income:

    Reason:

    The loan will be used to finish paying off debt to get ahead. It will also be used to get rid of pay day loans. Any assistance will be appreciated.

  21. attor applied for the following loan:

    Loan: 5000

    Speed:

    Credit: Poor

    Location: Etobicoke,ontario

    Income: 1557

    Reason:

    Pay bills

  22. attor applied for the following loan:

    Loan: 5000

    Speed: Asap

    Credit: Baf

    Location: Etobicoke,ontario

    Income: 1555

    Reason:

    Personal

  23. dwayne applied for the following loan:

    Loan: 2000.00

    Speed: ASAP

    Credit: NOT THE BEST

    Location: OTTAWA ONTARIO

    Income: Full time employed 4 years 2500 monthly biweekly pay of 1040 direct deposit

    Reason:

    I am in a bind and looking for help or a miracle loan so please no insults I know I screwed up and I am in a jam here are the details. I am using 3 payday loans that I just cannot pay off these loans are in the amount of $500 each interest on these loans are 100 each on payday. I pay $300 interests each payday on these loans and have to continually re-loan to survive; these loans were taken out in November. Total amount borrowed is $1500. Total amount of interest paid on these loans so far has been (Nov Dec Jan Feb Mar Apr May) $4200 to date, balance still owing is $1500. I need help to receive a loan to pay these off immediately the payoff price is $590 x3 and then they are gone. The reason these are not being paid off is that I have to re borrow to survive. Here are the details of my financial situation fully employed 42 hrs per week same job for three years. Income is $1050 every two weeks. Pay day looks like this: pay $300 interest, $220 car payment, $310 rent payment $90 insurance payment, $35 phone payment for a total of $955 leaving me approximately $80 left over to survive on until the next pay only to start it all over again. My credit score is not the greatest it is between 500-550 and I am working hard to increase that, I have had no late payments on rent/insurance/car payments everything is up to date and no payments have been bounced. I am seeking some direction to where I can get a loan for 1800 to pay off these payday loans and get them off my back I would like to finance this over 6 months – 1 year. It is ridiculous that I pay 300 every 2 weeks and the balance is still the same. As you can see this situation has to stop so I am seeking help. Any direction or help would be appreciated. When these loans are paid off that you leave me with $600 per month which with that surplus I could pay off the loan given to me in a very short time. Thank you for reading and considering.

  24. Levingston applied for the following loan:

    Loan: 750

    Speed: ASAP

    Credit: bad

    Location: Woodstock ON

    Income: full time employment 1600 manager of warehouse

    Reason:

    I need this loan to pay my car insurance. My original policy was cancelled when I got suspended now I am no longer suspended and trying to save enough money but every two weeks my car payment comes out and it makes saving difficult I have saved 1250.00 so far and need to get to 2017.00 if anyone can help it would be much appreciated and repaid

  25. Jason applied for the following loan:

    Loan: 10000

    Speed: The soon the better

    Credit: Poor

    Location: Ottawa

    Income: I work full time and and clear $2160 a month. I make $16.40 hr and clear $540 every week.

    Reason:

    What the money is needed for is falling behind on bills. Also i started doing lawn care for peoples properties for about 3 yrs now and still have all the same clients. This year has been very bad for me with the lawn care due to the fact it has rained 80 days out of the last 110 days. Clients r getting upset and asking for full refunds. It’s getting very stressful for me with all this bad weather and putting stress on my family. I like doing lawn care but the stress it has put on me and my family isn’t worth it so i would like to refund my clients and leave on good terms.

  26. Ronald applied for the following loan:

    Loan: 1000 to 10,000

    Speed: October 19 or October 27

    Credit: poor

    Location: Oshawa Ontario Canada

    Income: I make 4500$ a month . I work for Coco paving

    Reason:

    To pay bill and get caught up on child support and pay driving fines and a baby on the way

  27. Sue applied for the following loan:

    Loan: 10000

    Speed: When available

    Credit: Fair

    Location: Hamilton, ON

    Income: I have working for almost 4 years come January 2018. I earn 2200 monthly. I work in the aviation field. I am in Hamilton, Ontario.

    Reason:

    I have over extended myself. I am looking for a company where I am given a chance to prove I can pay my bills. I just need to get back on track. My credit score took a hit when applying to different companies.

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