Cashbridge loan requirements shows that Applicants must have a reliable source of income and be able to provide proof of this income.
Introduction
Cashbridge is a loan app in Canada that helps you get money fast. You can borrow between $10,000 and $100,000 for your business. They offer different types of loans with clear terms and low rates.
For business loans, the interest rate starts at 1.5% per month. You will need to pay an establishment fee of 1.5% upfront and a compliance fee of 0.59%. This means you know exactly what you will be paying from the start.
Cashbridge also offers personal loans and motorcycle loans. If you need a motorcycle loan, you can get a secured loan with rates starting at 6.99% per year. The comparison rate for these loans is from 7.68% per year. This makes it easier for you to find a loan that fits your needs.
One of the best things about Cashbridge is their flexible payment options. You can choose to pay back your loan in 30 days or up to 6 months.
The actual term of the loan will depend on how much you are approved for and your personal situation. This flexibility helps you manage your payments better.
Cashbridge also provides a free service to help you understand your income and expenses. They use this information to customize a loan that suits you best.
They only ask for the essential information needed to make a financial assessment. This makes the process simple and hassle-free.
Applying for a loan with Cashbridge is easy. The app is designed to make the application process quick and straightforward. Whether you are a business owner looking to expand or need money for personal reasons, Cashbridge makes it easy to get the funds you need. With minimal paperwork and fast approval times, you can get your money quickly.
In summary, Cashbridge is a great choice if you need a loan in Canada. They offer low rates, clear terms, and flexible payment options.
They also provide a personalized service to help you find the best loan for your needs. If you are looking for a simple and fast way to get a loan, Cashbridge can help you achieve your financial goals.
Using the Cashbridge loan app, you can borrow money easily and quickly. It is a reliable and convenient way to get the funds you need. Whether for business, personal use, or buying a motorcycle, Cashbridge has a loan option for you
History and overview
Cashbridge Loan is a new loan app in Canada, started in 2024. It is owned by a microfinance company in Canada. The CEO of Cashbridge Loan is Ehi Mondritz Ebhohimhen. This app is designed to help people and businesses get money quickly and easily.
Cashbridge offers different types of loans, including business, personal, and motorcycle loans. For business loans, you can borrow between $10,000 and $100,000 with an interest rate starting at 1.5% per month. They charge an establishment fee of 1.5% upfront and a compliance fee of 0.59%.
For personal loans, the comparison rate is based on an unsecured loan of $10,000 over a 3-year term with a $195 establishment fee.
For motorcycle loans, they offer secured loans with rates starting at 6.99% per year, with a comparison rate from 7.68% per year.
Cashbridge also provides medium cash loans. The comparison rate for these loans is based on an unsecured loan of $2,100 over a 2-year term with a $400 establishment fee.
Additionally, they offer loans with a comparison rate based on a secured loan of $30,000 over 5 years with a $495 establishment fee.
Cashbridge Loan is known for its simple and quick application process. They only ask for the essential information needed to make a financial assessment.
This helps in customizing a loan that best suits the borrower’s needs. The app is designed to provide fast approvals and minimal paperwork, making it easy for users to get the funds they need quickly.
In summary, Cashbridge Loan is a reliable and convenient app for getting loans in Canada. With clear terms, low rates, and personalized service, it helps people and businesses achieve their financial goals efficiently.
Requirements
Age limit
To apply for a Cashbridge Loan, you must be at least 20 years old. This age requirement ensures that applicants have reached a level of financial maturity and responsibility necessary for managing loan obligations.
Canada citizen
Applicants must be Canadian citizens or permanent residents. This requirement ensures that Cashbridge Loan services are provided to individuals who have a stable and legal residency status in Canada, making it easier to assess and manage financial risk.
ID
Applicants must have a valid Canadian government-issued ID card. This requirement helps verify the identity of the borrower, ensuring that the loan is provided to the correct individual and reducing the risk of fraud.
Income
Applicants must have a reliable source of income and be able to provide proof of this income. This requirement ensures that borrowers have the financial means to repay the loan amount borrowed from Cashbridge Loan. It also helps in assessing the applicant’s ability to manage loan repayments responsibly.