Loan Away Reviews | How To Apply for a Personal Loan with Loan Away

Loan Away personal loan, Is loan away safe & legit, loan away phone number, how to apply, Loan away eligibility criteria and requirements

In this digital world, most of us still think that loans can be only provided by banks only. But going to the bank can be tiresome as there is so much documentation and it can take a longer time to avail. But now you have various options to get the loan in a day or in some cases within 15 mins you can get a loan directly to your bank account. In this guide, we will know How To Apply for a Personal Loan with Loan Away | Loan Away Reviews?

Loan App NameLoan Away
Loan Amount$1000 – $5000
Loan Tenure6 to 36 months
Interest Rate19.9% p.a to 45.9% p.a

Lone Away is one of the platforms which can be helpful to get the loans within the required time. so that you do not have to worry much about getting the loan.

The Loan Away reviews will give you a clear picture of the complete process of availing loan. it will include the requirements, features, how you can apply, etc.

So Stay tuned and read further…

What is Loan Away?

This is important as you must know about the platform from where you are going to get the loan.

Loan Away is a Canadian digital platform loan provider that offers various types of loans to Canadian citizens.

Loan Away offers several types of loans, including personal loans, home equity loans, debt consolidation loans, and secure loans.

Loan Away is an online-only lender, which means it doesn’t have retail branches to maintain resulting in offering you less interest rate. It is also much easier to fill out the application in the comfort of sitting at your home.

The most important part is if you have bad or poor credit there are many chances that you will get the loan. It has a unique working technology that approves the vast majority of loan applications.

It is a legitimate Canadian loan provider that provides loans online to Canadians in Alberta, British Columbia, New Brunswick, Newfoundland and Labrador, Ontario, and Nova Scotia.

Features and Benefits of Loan Away

There are a lot of features and benefits of Loan Away. you can find a few of them as mentioned below.

  • You can apply for loan at Loan Away online by sitting at your comfort zone.
  • It provides both short term and long term loan.
  • Most loans are approved within 20 minutes or less. receive funds within 24 hours of approval.
  • It offers personal loans from $1000 – $5000.
  • Flexible term of Repayment ranging from 6 to 36 months.
  • Loan Away generally approve the loan applications between 85% to 90%.
  • Customer support is available 7 days a week.

Loan Away Personal Loan Requirements

  • Be at least 18 years old Canada Citizen.
  • Minimum income should be $1000 per month.
  • Active Email ID and Mobile Number
  • Two government-issued IDs.
  • A chequing account.
  • Most recent pay slip (not older than 30 days), or other proof of income.
  • A bank statement which shows the last 2 direct deposits from your qualifying income source and the bank account number.

How To Apply for a Personal Loan with Loan Away?

The application process is completely online, you do not have to visit anywhere. The application process takes 6 minutes or less. just follow the steps below.

  • Visit the official website of Loan Away and click on the button Apply Now on the top right hand side.
  • On the next page enter your details like your name, email, create your password, give your consent and Click on Save & Continue button.
  • Now, you need to enter your Province, Date of Birth, Employment Status, Work Phone Number, Mobile Phone Number.
  • On the next page you need to enter personal information like your Street Number, Street Name, Street Type, Direction, City, Province, and Postal Code and answer how long you have been living at your current address?
  • Next, you need to enter your employment details about current employment, such as Employer Name, Your Title/Position, How Long Have You Been Employed, What is Your Supervisor’s Name, What Is Your Supervisor’s Number, What Is Your Gross Amount Per Paycheck, What Is Your Net Amount Per Paycheck, How often do you get paid, Last Paycheck, Next Paycheck, Payment Type, Do You Have Any Other Source of Income?
  • Now you need to provide your financial information like whether you rent or own your home. Additional questions include: Do you have a car? , Are you currently going through credit counseling?, Did you file a consumer proposal in the past 6 to 12 months to avoid bankruptcy?
  • Next, you need to fill out reference information – Name of Reference 1, Phone Number of Reference 1, Relationship to You, Name of Reference 2, Phone Number of Reference 2, Relationship to You.
  • Now, you need to specify how much you want to borrow and the reason for the loan.
  • Next,You need to add Payment Account (Institution Number and Branch Transit) as well as Bank Details (Account Number, Account Holder Name, Account Type, Government-issued photo ID, Void cheque or pre-authorized debit form, Most current pay stub, Last 30 days bank statement.
  • Now the application process has been completed. wait to receive an approval notification in your email or call from Loan Away.

How Does a Loan Away Online Personal Loan Work?

  • Create a Loan Away account with your details like contact, employment and bank account information.
  • Submit your application and wait for the approval email from Loan Away. lending decision you will get within 20 minutes.
  • If approved, Review and electronically sign your loan contract online.
  • Upon receipt of your contract by Loan Away, smart systems will automatically process direct deposit request to your account.

Loan Away Interest Rates

Loans amortization between 6-36 months.
APR between 19.9% and 45.9%.
For Example – $1000 borrowed for 12 months at 29.9%, Monthly payment: $97.24, Total repayment with interest: $1166.88

How Loan Away Personal Loan Repayment Works?

The repayment process is very easy and flexible in Loan Away. Each payment will be automatically deducted from your bank account, so you will never have to worry about missing a payment.

Loan Away Customer Service Details

Loan Away Contact Number = 1 866 689 0091

Loan Away Email Address =

Loan Away Address = 5060 Spectrum Way, Unit 301, Mississauga, ON, Canada, L4W 5N5

Loan Away Hours of Operation = 7 days a week

Is Loan Away Safe and a Legit Company?

This is the most important question that is being asked, and it is genuine as well right?

Until you believe the company, you can not make a trustworthy relationship with it. so we will see various factors which can help you to trust Loan Away.

It is committed to protecting your privacy. It stores personal information in electronic and physical files that are secure, and security measures include secure on- and off-site storage, restricted access to records and data processing equipment, password protocols, and encryption and security software.

Loan Away privacy policy explains that the personal information that they hold is only retained for as long as is required for the purpose for which it was collected.

When the information is no longer is required Loan Away destroys, erase, or de-personalizes the information. however, in some cases for Legal requirements, they need to store the information depending on country laws.

If you wish to see your file or make corrections to it, write to the Privacy Officer offices at LOAN AWAY INC., 5060 Spectrum Way, Mississauga, Ontario L4W 5N6.

After going through such safety and security features provided by Loan Away, trust can build automatically.


In this article, we have discussed How To Apply for a Personal Loan with Loan Away | Loan Away Reviews.

Loan Away is a great loan financial solution provider. It has every type of loan for individuals ranging from a personal loan to a home loan.

You can apply for a loan with Loan Away online just by relaxing at your home.

If you have any questions related to the Loan Away you can call its customer care number and your queries will be addressed.

Related Articles


1: What is loan away phone number?

Loan Away phone number = 1 866 689 0091

2: Does loan away do credit checks?

It does a very soft credit check almost negligible. however, you do not have to worry as it provides the loan with poor or bad credit as well as per its terms and policy.

3: What is Loan away minimum criteria?

Be at least 18 years old Canada Citizen.
two government-issued IDs and proof of your income.
Recent bank statement.
Should have a steady source of income of monthly $1000.

4: How much can I borrow from Loan Away?

You can borrow up to $5000.

5: What kind of loans does Loan Away offer?

Loan Away offers various loans, such as installment loans, secured personal loans, debt consolidation loans, and home-equity loans.

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