How FlexiNest works
One secure form, lenders across Canada and a clear offer before you sign. Here’s what happens, step by step.
FlexiNest is not a lender. Approval and loan terms are set by the lender.
Canadian lenders
A few minutes
to fill out one secure form
$0
application fees from FlexiNest
Encrypted
your details are sent securely
Five simple steps
Apply onlineFill out one short, secure form.
Get matchedLenders in our network review your request.
Review your offerSee the full cost before you decide.
Get your fundsBy Interac e-Transfer or direct deposit.
Repay on timeUsually in one payment on your next payday.
What you’ll need to apply
Have these ready and the form takes just a few minutes:
- Basic personal information
- Employment or income details
- Banking information
- Your contact details
Your information is sent using encrypted technology.
How lenders decide
Each lender sets its own criteria. Most look at:
Your income
A steady source of income you can repay from.
Your banking history
An active account with regular deposits.
Your province’s rules
Every lender must follow provincial regulations.
Your ability to repay
The loan has to fit what you can afford.
FlexiNest doesn’t approve or deny loans. The lender makes that decision.
What’s in your loan offer
If a lender makes you an offer, you’ll see:
- The loan amount
- Your total repayment amount
- All fees and borrowing costs
- Your repayment date
- The full terms and conditions
You’re under no obligation to accept. Always read the agreement before you sign.
Getting your money
Once you accept and you’re approved:
Funds arrive by Interac e-Transfer or direct deposit, sometimes the same day.
Repaying your loan
Your lender sets the repayment terms. A few tips to stay on track:
Due on your next payday
Most payday loans are repaid in one payment on your next payday.
Keep funds ready
Make sure the money is in your account on your due date.
Talk to your lender early
If something comes up, call your lender before the due date.
Avoid late fees
Late or missed payments can add fees, depending on your agreement.
Any questions?
Here are answers to the ones we hear most.
Is FlexiNest a lender?
No. FlexiNest doesn’t issue loans or make approval decisions. We connect you with independent third-party lenders across Canada, who set approval, rates and terms.
Does it cost anything to use FlexiNest?
No. There are no application fees to use FlexiNest. If you take a loan, your lender’s fees are shown in your loan agreement.
How long does the form take?
Usually just a few minutes. You’ll need basic personal details, income or employment information, banking details and your contact information.
Do I have to accept an offer?
No. You’re under no obligation to accept any offer. Read the agreement carefully and only sign if the terms work for you.
How fast will I get my money?
If you accept an offer and you’re approved, funds are sent by Interac e-Transfer or direct deposit. This can happen the same day during normal business hours, depending on the lender and your bank.
What if I can’t repay on time?
Contact your lender as soon as you can, before the due date. Late payments may lead to extra fees. Read how to postpone a payday loan for your options.
Borrow only what you can repay.
Payday loans are for short-term needs. Review every term and look at other options before you apply.