When you’re in a tight spot, it’s natural to search for the quickest, simplest solution. You might have even typed 'bad credit loans canada guaranteed approval' into your search bar, hoping for a straightforward answer. That promise of a guarantee can feel like a huge relief when traditional banks have said no. But let’s have an honest chat about what that phrase really means. In the world of responsible lending, a true guarantee is rare because a lender’s first job is to make sure a loan is actually manageable for you. This guide will help you understand the difference between a marketing gimmick and a legitimate, fast-funding option.

Key Takeaways

• Focus on Your Current Financial Stability: For many online lenders, a steady income is more important than a perfect credit history. Having proof of consistent employment and income ready is your best step toward a smooth application.
• Treat "Guaranteed Approval" as a Warning Sign: This phrase is a major red flag, not a real promise. A legitimate lender is transparent about all costs, will never ask for an upfront fee, and is properly licensed to operate in Canada.
• Borrow Responsibly to Protect Your Finances: Improve your approval odds by having your income details organized and only applying for the amount you truly need. Understanding the total cost helps you use a short-term loan to solve an immediate problem, not create a long-term one.

What Is a Bad Credit Loan?

Let's be honest, life can throw some curveballs that leave a mark on your credit score. If you've ever been turned down by a traditional bank because of your credit history, you know how frustrating it can be. That’s where bad credit loans come in. These loans are specifically designed for people with less-than-perfect credit, giving you access to funds when other doors seem closed. Think of it as a financial tool built for real-life situations, not just for a number on a report.

The main idea is to provide a second chance. Instead of focusing solely on past financial hiccups, lenders who offer these loans often look at your current financial situation. They understand that a low credit score doesn't tell the whole story about your ability to repay a loan today. These loans can be a lifeline when you're facing an unexpected expense and need cash quickly. At ECash2Go, we believe everyone deserves a fair shot, which is why our application process is straightforward and focuses on your present ability to manage a loan, not just your past.

Bad Credit Loans vs. Traditional Loans

The biggest difference between bad credit loans and traditional loans comes down to eligibility. Traditional lenders, like big banks, usually have strict credit score requirements. If your score doesn't meet their high threshold, your application is often automatically denied. It can feel like a very rigid system.

In contrast, bad credit loans are created for those who don't fit into that perfect box. Lenders in this space are more flexible because they cater specifically to borrowers with lower credit scores. While the terms might differ from a bank loan, their main purpose is to provide access to credit for hardworking Canadians who might otherwise be excluded from the financial system.

What Lenders Consider Beyond Your Credit Score

Your credit score is just one piece of your financial puzzle. Reputable lenders offering bad credit loans know this, so they look at other factors to get a clearer picture of your financial health. They often consider details like your income and employment history to assess your ability to handle repayment. A steady job and a consistent income show that you have the means to manage your finances responsibly.

This approach is much more holistic. It means you’re seen as a person, not just a number. For example, our simple process focuses on your current income stability to determine if a loan is right for you. This allows us to approve applications quickly and confidently, even without a credit check.

Common Types of Bad Credit Loans

When you start looking for bad credit loans, you'll find a few different options available in Canada. The most common types include short-term payday loans and personal loans. Payday loans are typically smaller, short-term advances designed to bridge the gap until your next paycheque. They are great for handling immediate, unexpected costs.

Personal loans can be for larger amounts with longer repayment periods. Each type has its own set of terms and conditions, so it’s important to understand which one fits your needs best. We specialize in providing quick and accessible cash advances, helping you get the funds you need without a long wait or complicated paperwork.

Is "Guaranteed Approval" Really Guaranteed?

When you’re in a tight spot and need cash quickly, the words “guaranteed approval” can sound like a lifeline. It’s a powerful marketing phrase, but it’s also one that should make you pause and ask a few questions. In the world of lending, a guarantee is rarely what it seems. Responsible lenders have a duty to make sure a loan is a good fit for your financial situation, which means they can’t just approve everyone who applies. Let’s break down what this term really means and how to protect yourself from misleading promises.

Decoding "Guaranteed Approval"

The phrase "guaranteed approval" is often a marketing gimmick, not a promise. Some companies that use this language aren't direct lenders at all; they're lead generation services that pass your information to a network of other lenders. While they might guarantee that someone in their network will see your application, they can't guarantee that lender will approve you. In fact, many of those lenders will still review your financial details to assess the risk. A truly responsible lender avoids making blanket guarantees because they need to ensure you can realistically repay the loan. This practice protects both you from unmanageable debt and them from financial loss.

Common Myths About No Credit Check Loans

One of the biggest myths is that a "no credit check" loan automatically comes with guaranteed approval. This simply isn't true. Legitimate lenders who offer loans without a traditional credit check have other ways of verifying your ability to repay. Instead of focusing on your credit score, they look at factors like your income stability and employment history. For example, at ECash2Go, we verify that you have a steady source of income deposited into your bank account. You can see exactly what’s needed when you check to see if you qualify for a loan. This process ensures the loan is manageable for you, which is a sign of a trustworthy lender. Promises of guaranteed approval often come from sources that don't have your best interests at heart.

Spotting the Red Flags of a Loan Scam

Knowing how to spot a scam can save you a lot of stress and money. The promise of "guaranteed approval" is the first major red flag. Scammers often use this lure to create a sense of urgency, pressuring you to act fast before you have time to think. Another warning sign is a lender who is vague about their terms. A predatory lender might promise you a loan despite a poor credit history but provide few details on why they’re willing to take on that risk. According to the Canadian Anti-Fraud Centre, demanding an upfront fee or "insurance" before you receive the loan is another classic sign of a scam. A legitimate lender will never ask you to pay a fee to get your money.

What Do You Need to Qualify for a Bad Credit Loan?

Thinking about a bad credit loan can feel a bit intimidating, especially when you're worried about your credit score. But here’s some good news: your credit score is just one piece of the puzzle. Reputable lenders in Canada look at your current financial situation to see if a loan is a good fit for you. It’s less about where you’ve been and more about where you are now. They focus on a few key things to make sure you can comfortably manage repayments. Let's walk through exactly what you'll need to have in order, so you can feel confident when you apply.

Stable Income and Employment

The most important factor for lenders is a steady income. They want to see that you have a reliable source of money coming in from your job. This shows them you have the means to repay the loan on schedule. Most lenders will want to see that you’ve been with your current employer for at least a few months. This stability is a strong indicator that you can handle the financial commitment. It’s all about demonstrating your present ability to pay, which often matters more than a past credit hiccup. You can easily check your eligibility to see if your employment situation meets the criteria.

Valid Identification and Canadian Residency

Next up are the basics: proving you are who you say you are and that you live in Canada. You’ll need to be of the age of majority in your province and have a valid form of identification. Lenders will also ask for a Social Insurance Number (SIN) and details for an active Canadian bank account. This is standard procedure for any financial service and helps protect against fraud. It also ensures that if your loan is approved, the funds can be sent to you securely. Understanding how the process works beforehand can make everything feel much smoother and more straightforward.

Meeting the Minimum Income Level

Finally, lenders will look at how much you earn each month. They have a minimum income requirement to ensure the loan is affordable for you. This isn't meant to be a barrier; it's a responsible lending practice. By confirming you earn a certain amount, lenders can be confident that your loan payments won't stretch your budget too thin. This helps protect you from taking on debt you can't manage. The specific income level can vary, but it’s a key part of assessing what loan amounts are suitable for your financial situation.

Finding a Reputable Online Lender in Canada

When you need money fast, the last thing you want to do is spend hours sifting through confusing websites and questionable offers. Finding a trustworthy online lender in Canada can feel like a challenge, but knowing what to look for makes all the difference. A reputable lender will be clear, fast, and secure. They understand you’re in a tough spot and won’t try to take advantage of the situation with confusing terms or a complicated process.

The best online lenders have streamlined their systems to get you an answer quickly, because they know your time is valuable. They are also completely transparent about what the loan will cost, so you can make an informed decision without worrying about surprise charges later on. Finally, any lender handling your personal and financial information must prioritize your security. By focusing on these key areas, you can confidently find a lender who is there to help, not to create more problems. Understanding how it works upfront is the first step toward a positive borrowing experience.

Look for Speed and Convenience

When an unexpected expense pops up, waiting days for a loan approval isn’t an option. Your search for a lender should prioritize speed and convenience. Many modern online lenders in Canada are built for this exact need, offering instant decisions and rapid funding. The entire process is often handled online, meaning you can apply from home without having to fill out endless paperwork or wait in line.

A key feature to look for is how quickly you can get the money once you’re approved. The top lenders use services like INTERAC e-Transfer to send funds directly to your bank account, sometimes in as little as 10 minutes. This level of efficiency can be a lifesaver in an emergency, giving you immediate access to the cash you need to handle your situation and move forward.

Prioritize No Hidden Fees

Transparency is non-negotiable when you’re borrowing money. A reputable lender will always be upfront about the total cost of your loan. Before you agree to anything, you should know exactly how much you’ll need to repay, including all interest and fees. Watch out for lenders who are vague about their costs or have terms and conditions filled with confusing language. There should be no surprises.

Trustworthy companies make their fee structure easy to find and understand. They won’t penalize you with unexpected charges. This commitment to transparency is a clear sign that a lender is legitimate and respects its customers. When you’re exploring your options, take a moment to learn more about our loans and the clear, straightforward costs associated with them.

Ensure a Secure and Automated Process

Handing over your personal and financial details online can feel risky, so security should be a top priority. A legitimate lender will use bank-level security measures to protect your information every step of the way. Look for websites that have secure connections (https://) and clear privacy policies. Your data should be treated with the same level of protection your bank provides.

Many of the best online lenders also use a secure and automated system to process applications. This not only speeds things up but also reduces the risk of human error and ensures the process is fair and consistent. An automated system can quickly verify your information, check if you qualify for a loan, and provide an instant decision, making the entire experience smooth and worry-free.

Understanding the True Cost of a Bad Credit Loan

When you’re looking for a loan, the numbers can feel overwhelming. But getting a clear picture of the total cost is the most important step you can take. A reputable lender will always be upfront about what you’ll owe. Let’s break down what goes into the cost of a bad credit loan so you can feel confident in your decision. It’s not just about getting the funds; it’s about understanding the terms attached to them.

Your financial situation is unique, and the cost of borrowing will reflect that. The key is to work with a lender who values transparency. At ECash2Go, we make sure there are no hidden fees, so the amount you agree to is exactly what you can expect. This clarity helps you plan your repayment without any surprises, making the entire process smoother and more predictable.

Breaking Down Interest Rates and Fees

When you take out a short-term loan, the cost is typically presented as a flat fee per hundred dollars borrowed, rather than a traditional annual percentage rate (APR). This is because the loan is designed to be paid back very quickly, often on your next payday. The Financial Consumer Agency of Canada sets rules that lenders must follow, which includes being crystal clear about the total cost of borrowing. Before you agree to anything, you should receive a clear breakdown showing the loan amount, the fee, and the total you’ll need to repay. This transparency is non-negotiable and a hallmark of a trustworthy lender.

The Cost of Short-Term vs. Long-Term Loans

It’s helpful to think of loans as different tools for different jobs. A short-term loan is designed to solve an immediate, temporary cash flow problem. Because you pay it back quickly, you avoid months or years of accumulating interest. While the borrowing cost might seem higher at first glance, the total amount you pay is contained because the loan term is so short. In contrast, a longer-term loan might have smaller payments, but you’ll be making them for much longer, which can result in paying significantly more in interest over the life of the loan. Understanding how it works helps you choose the right option for your specific financial situation.

How Repaying Your Loan Can Impact Your Credit

Many people wonder if a short-term loan will affect their credit score. When you apply with a lender like ECash2Go, we use an automated system that doesn’t require a traditional credit check, so your application won't impact your credit score. It’s important to know that most short-term lenders do not report your payments to Canada’s main credit bureaus (Equifax and TransUnion). This means that repaying the loan on time won't directly build your credit history. However, the real benefit is indirect: by using a short-term loan to handle an emergency, you can avoid missing payments on other bills that do get reported, which helps protect the credit score you already have.

The Risks of "Guaranteed Approval" Loans

When you need cash quickly, the words "guaranteed approval" can sound like a lifeline. It’s tempting to jump at what seems like an easy solution, but it’s important to pause and look closer. This phrase is a major red flag often used by predatory lenders who are more interested in trapping you than helping you. They exploit the urgency of your situation with promises that are too good to be true, leading to agreements that can cause serious financial harm.

These lenders aren’t concerned with your ability to repay the loan. In fact, their business model often relies on you struggling to pay it back. They make their money through sky-high interest rates, hidden fees, and by locking you into a cycle of borrowing that’s difficult to escape. Understanding these risks is the first step to protecting yourself and finding a safe, responsible financial solution. A legitimate lender will focus on your ability to repay and offer clear terms, ensuring the loan helps your situation instead of making it worse.

High Interest Rates and Hidden Fees

The biggest catch with "guaranteed approval" loans is their cost. Predatory lenders often promise easy approval but charge extremely high interest rates that can make a small loan balloon into an unmanageable debt. While a reputable lender is upfront about costs, a predatory one might bury them in the fine print. You could be hit with unexpected "administration" or "processing" fees that significantly increase the amount you owe.

These tactics are designed to trap borrowers. The high costs make it difficult to pay the loan back on time, which can lead to even more fees and interest charges. The Financial Consumer Agency of Canada warns about the high cost of borrowing from some lenders, emphasizing that what seems like a quick fix can become a long-term financial burden. Always calculate the total cost of a loan before you agree to it.

How to Avoid Predatory Lenders

Protecting yourself from predatory lenders starts with knowing what to look for. Be cautious of any lender that uses high-pressure tactics to rush you into a decision. If they say an offer is "for a limited time only" or push you to sign immediately, it’s a sign to walk away. A trustworthy lender will give you time to review the terms and make an informed choice.

Another red flag is a lender who doesn’t ask about your income or employment. Responsible lenders need to verify that you can afford to repay the loan. Scammers, on the other hand, don’t care. You should also be wary if a lender requires you to buy extra products, like a specific type of insurance, to get approved. Learning how to recognize loan scams can help you spot these deceptive practices before you get caught.

Avoiding the Debt Cycle

Predatory loans are often designed to be difficult to repay, creating a dangerous debt cycle. Here’s how it works: you take out a high-interest loan, but the payments are so expensive that you can’t cover them and your other bills. To make the payment, you’re forced to take out another loan. Now you’re paying off two loans, and the interest keeps piling up. This cycle can quickly spiral out of control, damaging your finances for years to come.

These lenders often target people who are in a tough spot and trying to get back on their feet. They offer what looks like an easy way out, but it’s really a trap. The best way to avoid this is to choose a lender with clear, transparent terms and a repayment plan that you know you can manage. A responsible loan should solve a temporary problem, not create a permanent one.

How to Spot a Legitimate Bad Credit Lender

When you need cash quickly, it’s easy to feel rushed. But taking a few extra minutes to check out a lender can save you from a major headache down the road. The online lending world has its share of scams, and they often target people who are in a vulnerable position. The good news is that predatory lenders and scammers often have tell-tale signs. Knowing what to look for will help you confidently choose a safe and reputable lender. It’s all about making sure the company is licensed, transparent about its terms, and easy to contact.

Confirm They're Licensed to Operate in Canada

First things first, any legitimate lender operating in Canada must be licensed. This isn't just a piece of paper; it's your protection. Licensed lenders are required to follow provincial and federal laws designed to protect you, the borrower. These rules cover everything from how much they can charge in interest to how they communicate with you. An unlicensed lender operates outside of these laws, leaving you with little to no recourse if something goes wrong. You can usually verify a lender’s license through your province's consumer protection authority. The Financial Consumer Agency of Canada also provides valuable information on the rules payday lenders must follow.

Look for Clear and Transparent Terms

A trustworthy lender will be upfront about the cost of your loan. They should provide you with a clear contract that outlines the interest rate, any fees, the total amount you’ll repay, and the due dates. Be wary of any lender who is vague about the details or makes promises that sound too good to be true. A predatory lender might promise a loan with few details about why they would take on the risk. At ECash2Go, we explain exactly how it works on our website, with no surprises. If a lender’s terms are confusing or their website doesn’t clearly explain the costs, consider it a red flag and walk away.

Beware of Upfront Fee Demands

This is one of the most common signs of a loan scam. A legitimate lender will never ask you to pay a fee before you receive your loan funds. Scammers often create a sense of urgency, telling you that you need to pay an "insurance fee," "processing fee," or "origination fee" to secure your loan. They might ask for this payment via e-Transfer, wire transfer, or even gift cards. All legitimate fees and interest charges will be built into your repayment schedule, not demanded upfront. If anyone asks you for money to get money, it's a scam. You can learn more about these tactics from the Canadian Anti-Fraud Centre.

Check for Real Contact Information

A real company has a real presence. Before you apply, do a quick check for the lender’s contact information. Look for a legitimate Canadian physical address, a working phone number, and a professional email address (not a generic one like @gmail.com or @yahoo.com). A professional and easy-to-use website is also a good sign. If you can't find a way to contact the company beyond a simple online form, be cautious. You should be able to speak to someone if you have questions. Checking for customer testimonials can also give you a sense of the company's reputation and relationship with its clients.

How to Improve Your Approval Odds

Even when you need cash quickly, taking a few extra steps can make a big difference in getting your loan application approved. While some lenders offer a streamlined process that doesn't focus on your credit history, presenting yourself as a reliable borrower is always a smart move. It’s about showing that you have a handle on your finances and a clear plan to repay what you borrow. Think of it less as jumping through hoops and more as putting your best foot forward to secure the funds you need with confidence.

The good news is that many of these steps are simple and can be done right away. Lenders, especially online ones, are often looking for key indicators of stability, like consistent income, rather than a perfect credit score. By preparing your information and understanding what they look for, you can make the application process much smoother. Before you even start an application, you can check to see if you meet the basic qualifications, which gives you a great starting point. Taking a moment to get organized can save you time and stress, putting you in a better position to get the funds you need without any hitches.

Review Your Credit Report for Errors

Even if you’re applying for a loan that doesn’t require a credit check, it’s a good habit to know what’s on your credit report. Think of it as a regular financial health check-up. Mistakes can and do happen, and an error on your report, like a bill that was paid on time showing as late, could cause problems for you down the line. You are entitled to a free copy of your credit report from Canada's main credit bureaus, Equifax and TransUnion.

Take a close look at your report for any accounts you don’t recognize or incorrect payment information. If you find an error, you can file a dispute to have it corrected. This ensures your financial identity is accurate and protects you from potential issues.

Reduce Your Existing Debt

Lenders want to see that you can comfortably afford to take on a new payment. One way they assess this is by looking at your debt-to-income ratio, which compares how much you owe each month to how much you earn. If you can pay down some of your existing balances, even a small amount on a credit card, it can show that you are managing your finances responsibly.

This doesn’t mean you need to be completely debt-free. It’s simply about creating a bit more room in your budget. With traditional lenders tightening their standards, having a lower debt load can make you a more attractive candidate for any type of loan. It demonstrates that you aren't overextended and can handle the repayment schedule.

Ask for What You Truly Need

It can be tempting to apply for the maximum amount offered, but it’s wiser to only ask for the specific amount you need to cover your expense. Borrowing a smaller, more manageable sum shows lenders that you are being responsible and have a clear purpose for the funds. More importantly, it means your repayments will be lower and easier to fit into your budget, reducing your financial stress.

Before you apply, take a moment to calculate exactly how much you need. This thoughtful approach signals to lenders that you’ve considered your ability to repay the loan. It’s a practical step that not only improves your approval odds but also helps you avoid taking on unnecessary debt.

Add a Co-Signer

If you’re having trouble getting approved on your own, adding a co-signer to your application could be an option with some lenders. A co-signer is someone, usually a trusted friend or family member with a stronger financial profile, who agrees to take legal responsibility for the loan if you are unable to make the payments. Their good standing can provide the lender with extra assurance.

Keep in mind that this is a big commitment for the co-signer, as their own credit could be affected if payments are missed, so it's a decision that requires an open conversation. This option is more common with traditional loans and may not be available with all short-term online lenders, but it’s a valid strategy to be aware of.

Show Your Stable Income History

For many lenders, especially those offering bad credit loans, a stable income is the most important factor. They want to see that you have a steady job and a consistent paycheck being deposited into your bank account. This is their primary way of confirming that you have the means to repay the loan on time. Many lenders look for proof of stable income to ensure that you can repay the loan.

Be prepared to provide recent pay stubs or bank statements. Many modern lenders use a secure and automated system to quickly verify your income directly with your bank, which speeds up the approval process. Having this information ready shows that you are employed and reliable, which can significantly improve your chances of getting approved.

What to Do If You Encounter a Loan Scam

It’s completely understandable to feel a sense of urgency when you need funds quickly. Unfortunately, scammers often try to take advantage of this by using high-pressure tactics and making promises that are too good to be true. If your gut tells you something is off with a lender, it’s important to trust that instinct. Loan scams are on the rise in Canada, putting people at risk of financial loss and identity theft.

The most important thing to do if you suspect a scam is to stop all communication immediately. Do not provide any more personal information, and absolutely do not send any money, especially if they are demanding an "insurance" or "upfront fee" to release your loan funds. This is a classic red flag. A legitimate lender will never ask you to pay a fee before you receive your loan. Taking a moment to pause and step away can save you from a difficult situation. You can learn more about how to recognize common scams from the Canadian Anti-Fraud Centre.

How to Report a Loan Scam

If you’ve been targeted by a loan scam, reporting it is a critical step. It not only helps authorities track down these criminals but also prevents others in your community from falling into the same trap. Your first and most important contact should be the Canadian Anti-Fraud Centre (CAFC). They are the central agency in Canada for collecting information on fraud. You should also report the incident to your local police, especially if you have already lost money. Additionally, consider filing a report on the Better Business Bureau's Scam Tracker to warn other consumers.

Protect Your Personal Information

Being proactive is the best way to keep your financial data safe. Start by practicing good digital hygiene. Never share your online banking login or password directly with a lender. Secure lenders, including ECash2Go, use a trusted and encrypted third-party service to verify your banking information without ever seeing or storing your credentials. Always use strong, unique passwords for your financial accounts and enable two-factor authentication (2FA) for an added layer of security. It’s also a good habit to monitor your credit report regularly to catch any unauthorized activity early.

Responsible Alternatives to Consider

While a short-term loan can be the perfect solution for an immediate cash need, it’s also smart to know what other financial tools are out there. Building your financial literacy helps you make the best choice for any situation. When you have more time to plan or are looking to work on your long-term financial health, a few other options are worth exploring. These alternatives offer different structures and support systems that might be a great fit for your future goals, helping you build a stronger financial foundation over time.

Credit Unions and Community Lenders

Think of credit unions as a community-focused version of a bank. They are member-owned financial institutions, which means their priority is serving the people who bank with them, not outside shareholders. This community-first approach often allows them to be more flexible in their lending decisions. While approval is never a sure thing, a credit union may consider your entire financial situation, not just your credit score. Because they reinvest profits back into the community and their members, they can sometimes offer more favorable terms. It’s a great option to look into for future financial needs.

Financial Counselling Services

If you feel like you’re juggling too many bills, financial counselling can help you get organized and create a clear path forward. A counsellor can work with you to develop a budget and explore strategies for managing what you owe. One common approach they might suggest is using debt consolidation loans to simplify your payments. This process combines multiple debts into a single monthly payment, which can reduce stress and make your finances much easier to handle. Taking this step can give you a clearer view of your financial landscape and empower you to take control of your money.

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Frequently Asked Questions

Will applying for a bad credit loan affect my credit score? Not necessarily. Many online lenders who specialize in bad credit loans, including us at ECash2Go, use an automated system to review your application without performing a hard credit check with Canada's main credit bureaus. This means that simply applying won't lower your score. The focus is on your current income and ability to repay, not your past credit history.

How quickly can I get the money if I'm approved? This is where reputable online lenders really shine. The process is designed for speed because we know you need funds for an urgent situation. Once your application is approved, the money can be sent directly to your bank account via INTERAC e-Transfer, often arriving in as little as 10 minutes.

Why do you need to verify my income if you don't do a credit check? Verifying your income is a key part of responsible lending. Instead of looking at your credit history, we confirm that you have a steady source of income from your job. This helps us make sure the loan amount is manageable for you and that you can comfortably make the repayment. It’s our way of ensuring the loan helps your situation, rather than creating more financial stress.

Are "bad credit loans" and "payday loans" the same thing? They are closely related. A bad credit loan is a broad category for any loan designed for someone with a poor credit history. A payday loan, or cash advance, is a specific type of short-term bad credit loan. It's a smaller amount of money meant to be repaid on your next payday, making it a solution for immediate, temporary cash flow issues.

What's the biggest red flag I should watch out for when looking for a loan online? The most critical red flag is any request for an upfront fee. A legitimate lender will never ask you to pay an "insurance" or "processing" fee before you receive your loan. All legitimate costs are built into your repayment schedule, which you agree to before receiving the funds. If a lender asks you for money to get money, you should stop all communication immediately as it is almost certainly a scam.