About the program?
The Cashback program, devised by ePayLoan, is specifically crafted to offer advantages to our clientele. It's important to note that we retain the discretion to modify or discontinue the program in the future without prior notification. Below, you'll find the program's specifics:
- Earn 7% of the cost of borrowing that will be deposited in your wallet.
- Eligible from the 1st Loan itself
- For the first nine loans, you will be classified as a silver member. Upon reaching the 10th loan and maintaining good standing, you will be promoted to gold membership.
- The 10th loan will be interest-free if all previous loans are paid on time.
- Check the Terms and Conditions for other requirements.
- Earn 14% of the cost of borrowing that will be deposited in your wallet.
- Eligible from the 11th Loan itself as the 10th Loan will be interest-free.
- After being promoted to Gold membership, for the first nine loans, you will maintain your Gold member status. Upon reaching the 20th loan and maintaining good standing, you will be further promoted to Platinum membership.
- The 20th loan will be interest-free if all previous loans are paid on time.
- During Gold membership status, if you miss a payment or fail to pay an installment on time, you will be demoted to silver membership, and your membership progression will reset from the beginning.
- Check the Terms and Conditions for other requirements.
- Earn 21% of the cost of borrowing that will be deposited in your wallet.
- Eligible from the 21st Loan itself as the 20th Loan will be interest-free.
- Upon attaining Platinum status, you will continue to enjoy its benefits as long as you consistently repay your loans on time. Additionally, on your 30th, 40th, and 50th loans, as well as on subsequent loans, you will receive interest-free terms.
- During Platinum membership status, if you miss a payment or fail to pay an installment on time, you will be demoted to Silver membership, and your membership progression will reset from the beginning.
- Check the Terms and Conditions for other requirements.
Requirements to Qualify for the Cashback Program
- You must not be undergoing bankruptcy, consumer proposal, or enrolled in a debt consolidation program
- No current or past loans with ePayLoan should have been written off.
- Your Loans should have been paid back with original terms and conditions.
- Your ePayLoan account must not have been flagged for fraudulent activity since its creation.
- The Cashback remains pending until your loan is fully repaid. Upon full repayment, your Cashback becomes accessible, unless it has expired.
- Failure to meet Cashback conditions results in nullification of pending Cashback.
- Any reversal of current or past loan payments disqualifies you from the Cashback program.
- Alberta and Nova Scotia residents: To qualify for Cashback, you must not have repaid your loan in advance (before the last payment due date of your Loan Agreement)
- Manitoba and New Brunswick residents: Not eligible for the cashback program.
Cashback Program
For the first nine loans, the cashback amount will be 7% of the cost of borrowing (interest on the loan). The tenth loan will be interest-free. For the next set of loans, from the 11th to the 19th, the cashback amount will be 14% of the cost of borrowing. The 20th loan will be interest-free. For loans onwoards 21, the cashback will be 21% of the cost of borrowing, with the 30th loan being interest-free. Additionally, every 40th, 50th, and subsequent milestone loans will also be interest-free.
- You must not be undergoing bankruptcy, consumer proposal, or enrolled in a debt consolidation program
- No current or past loans with ePayLoan should have been written off.
- Your Loans should have been paid back with original terms and conditions.
- Alberta and Nova Scotia residents: To qualify for Cashback, you must not have repaid your loan in advance (before the last payment due date of your Loan Agreement)
- Manitoba and New Brunswick residents: Not eligible for the cashback program.
- Check Terms and Conditions for more requirements.
- To qualify for Cashback, you must fulfill all conditions outlined in Terms & Conditions.
- Your ePayLoan account must maintain good standing, meaning it has no outstanding balance from the current or previous loans.
- A minimum of $25 Cashback must be available for redemption.
- Cashback can be received via e-transfer to your primary ePayLoan email address.
- Your ePayLoan account must not have been voluntarily closed.
- Check Terms and Conditions for more requirements.
- Your Cashback will expire after six (6) months of inactivity in your ePayLoan account, which is defined as no activity for six (6) months following the last payment recorded.
- The six (6) months will be calculated from the same calendar date of the sixth consecutive month, or if such date doesn't exist, it will end on the last day of that sixth month.
- Reactivation of your account will occur automatically upon obtaining a new loan with us before the end of the six (6) month period.
- Once Cashback expires, it becomes unrecoverable, even upon reactivation of your account at a later date.
