Receive loan funds immediately upon approval
Borrowers can securely receive loan funds immediately upon approval.
Real-time loan funding gives borrowers instant access to funds as soon as a lender approves their loan. Borrowers then immediately pay emergency bills or free up cash flow for other expenses.
Using Canada’s Real-Time Rail, lenders can offer their customers instant loan funding through real-time payments.
- Instant access to funds
- Improved cash flow
Leverage LOAN FUNDING
To leverage this use case, both the sending and receiving financial institutions must be enabled to use Canada’s Real-Time Rail. Contact your Payments Canada relationship manager or email info@payments.ca to learn how your financial institution or payment service provider can adopt the forthcoming Real-Time Rail.