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How it Work

Need help for a big purchase or a small emergency?

Making an online request for immediate funds is easier and quicker at Fernovo. Fill up an easy online application form with us and we will submit your inquiry to our large network of lenders. You can borrow small payday loan amounts ranging from CA$100-CA$1500 from our lenders, but the actual loan amount depends upon your current income and repayment potential.

When your application is submitted before our panel of lenders, get a response from one of our lenders the same day within some minutes.

When you are approved for the loan, the lenders contact you with various loan offers and discuss all the applicable rates and fees. If you accept all the terms and conditions and sign the loan agreement electronically, approve funds are credited to your bank account immediately and use the funds for meeting your various emergency financial requirements.

Facility of quick enquiry process

With the use of secure technology, Fernovo find a suitable lender for you that are eager to work with you to solve your financial issues with the highest priority.

Automated Repayment

Your loan repayments take place automatically directly from your bank account on the scheduled repayment data and your repayment takes place on time which eliminates the possibility of missing any payments or incurring any late fees.

Late Payments and loan extensions

Always keep in mind that late payments provoke a lender to apply hefty late fines against you. When you think you can’t pay on the time agreed with lender, seek for a loan extension by paying some extra fees to the Fernovo.

Loan Default

If you default on your loan repayments, the lender might make use of debt collection methods to recover the unpaid loan amount. You must keep in mind that debt collection methods are professional, fair and in compliance with the law. Going down to this level might affect your credit scores adversely and can make it difficult for you to obtain loans in future.