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his is the application process that customers use to apply for a loan on my canadapayday.com in the Province of British Columbia. As you can see from the main page on our website, there is a brief description of how our loans work from how to sign up, to how you get your money right on the front page. The next step in the loan application process is to click either ‘Apply Now’ or ‘Get Started’ from the main page. The following page will give you an option to select your province using a drop down menu. Once the province of British Columbia is selected, there will be a pop up displaying both a sign with the details set out by B.C. Regulation 57/2009 (13) as well as an up to date payday loan license issued by the province of British Columbia. After both reviewing the sign and the license, the customer can then click ‘Accept and Close’ where they will then be asked to enter in their email address. Once both the province is selected and the email address is entered, the customer can then click ‘Continue’ to move onto the next step of the loan process. The next step is to complete an online form by entering in the name, address,contact phone number, date of birth, pay dates, payroll amounts and paycycle. After the first part of the form is completed, the customer will have the opportunity to review MyCanadaPayday’s terms and conditions. Once the terms and conditions have been reviewed, the customer will check a box stating that they agree to the terms and conditions and click ‘Apply’. The customer will then be directed to submit their banking information to inverite verification. The customer will also be sent an email with instructions on how to complete this part of the application. For first time customers, we typically request 180 days of banking history in order to proceed with the application. After the bank statements are received from Inverite, the customer will be sent an email asking for their Employment / Income Information as well as their banking information and references. The customer will click on a link provided in the email and enter the aforementioned information into an online form and click submit at the bottom of the page. At this point, an employee will review the information submitted and process a loan application. If the customer is approved for a loan, they will be sent an email advising them that they have been approved for a loan. Before the customer is presented with the loan agreement, they are given details of the loan including the loan number, loan amount, term of loan, repayment amount, repayment date. They will be asked to confirm that they understand and agree to the cost of credit and annual percentage rate as well as the cancellation details for canceling a loan within 48 hours of receiving the loan. Once they click ‘I Agree’, the next steps for the customer will be to download the contract and review it in full by clicking on the download link provided.