Five Emergency Uses For Short Term Loans

It happens to all of us, life seems to go along at its usual pace and then something unexpected occurs. In many cases, these surprising events require quick financial assistance. Not everyone has a safety net to help with unforeseen circumstances and many can’t wait for a paycheck that might not cover the cost.

Every year, many Canadians seek help in the form of an emergency online loan.

These types of loans can help when you need fast cash and with the ease of online applications, it's never been so straightforward and easy to obtain a fast loan. You can get also get approved within 30 minutes even if you have poor credit score!

If you’re considering short term loan, but you’re not sure if your situation would benefit from one, let’s take a look at five emergency uses for these types of loans.

Borrow Money for Car & Home Repairs

You may need to borrow money when an unexpected car and home repairs come up and you need money fast. Even with proper insurance, companies don’t always cover every aspect of car and house damage.

You may find yourself with little problems that need quick solutions, such as an entirely new set of tires or roof repairs. Fast easy loans from a direct lender can be a lifesaver for those who rely on their car or need to fix damage to their house quickly.

Medical Bills

Universal health insurance in Canada doesn’t always cover all the expenses that can occur in medical emergencies.

Getting approved for a traditional loan can take too much time. Getting a small loan online can provide the help you need should someone require immidiate and unexpected medical attention.

Job Loss

In today’s world, anything can happen in an instant. Across Canada, unexpected job loss can make a significant impact on individuals and families, as acquiring new employment may take time.

If you have bills and a loss of income, an emergency loan can help you cover costs until you find work. It can also help you prepare for the process of job hunting. Maybe you need a computer to create a resume or proper clothing to impress in interviews.

Business Expenses

Many remote workers and freelancers use emergency loans to help make ends meet during months of low activity. They’re especially helpful for those just starting to build their businesses and haven’t recruited a large clientele. But emergency loans are also used for unforeseen business expenses, like a broken laptop or if a client quits. For remote workers and freelancers, emergency loans can help keep your business afloat during rough times.

Basic Needs

A lot of Canadians live paycheck-to-paycheck, and sometimes funds run low toward the end of the month. Same day loans can help during hard time so you can afford the necessities you need to keep going. In most cases, we can approve your loan and send the money to you in less than an hour.

If the unexpected happens and you need to quickly borrow some extra cash, apply for a loan with iCash. We provide loans of up to $1,500. Get started today and get the money you need instantly.

Share the article

Facebook Icon

Related articles


Car Repair Loans: What to Know Before You Apply

Learn everything you need to know about car repair loans, including how they work, the types available, and why iCash is a top choice for affordable car repair loans!

What is the Easiest Loan to Get in Canada

What is the Easiest Loan to Get in Canada

Explore the most accessible loans in Canada, particularly payday loans. Learn why iCash stands out as the preferred option for fast and dependable loans. Submit your application with iCash today!

shutterstock 1341345131

Rapid Relief: Emergency Funding Resources for Single Mothers in Canada

Explore emergency funding for single mothers in Canada. Discover grants, non-profit aid, and community resources.

Get your instant loan today!

iCash has helped more than 950,000 Canadians get instant loans online without hassle. Download our mobile application today!