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Cash Loan Requirements Explained

Written By jeremy hunk on Saturday, May 4, 2013 | 8:30 AM


When you apply for cash loans in any of the lending companies, it's very obvious that you have to be eligible based on their application requirements for your payday loans to be approved and released. If you feel like questioning their application requirements, here are the reasons why.

Minimum Age Limit of Nineteen Years

In Canada, the age of majority where individuals are permitted to enter into legal contracts without need for adult co-signers is set at 18 years of age. So, why 19 years of age instead of 18? Well, the assumption is that you must have worked as an adult for at least a year before you have attained a sort of job stability and, hence, able to pay cash loans.

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