How it works
Easy Loan Application.
Rapid Loan Approval.
Money in your bank.
HOW TO QUALIFY
In order to apply you must:
- Be over 18 years of age
- Have a fulltime job
- Not be in bankruptcy
- Be a Canadian citizen
Once we receive your application we will ask you to verify your bank account using an IBV (internet banking verification). Our agents will then study your banking transactions in order to access your ability to reimburse. It is our duty to provide you with a solution that is not detrimental to your financial health. Our agents will work with your to give you the best solution for your needs.
Membership fees and interest
Our Lender charges an annual interest rate of 24% to 32% . The actual rate of the contract depends on the risk associated with the application, however, the rate can never exceed 32%. Membership fees do apply. Our membership fees include access to our lender and all other affiliate services offered on our site. Also included is all our services in association with customer service, processing requests, collections, referrals and credit counselling. Please refer to our example cost of borrowing section for more detailed information.
Example cost of borrowing
A 500 dollar loan over a 90 day term reimbursed in 6 bi weekly payments will consist of 6 payments of approximately $123.00. The total cost for the loan including all fees and interest is $735.00. When compared to payday loan, our ABR (Annual Borrowing Rate) is about 60% cheaper.
Your information is safe with us
We use bank level encryption security to protect your personal information. We are HTTPS secure and our users can safely navigate through our website.
The rules for pushing a payment are the following:
- The customer cannot push the first payment
- The customer cannot push more than two payments per term.
- The customer cannot stop two payments in a row.
Please note that an NSF payment is also pushed to the end of the schedule, however, the fee for an NSF payment is $50.00
Terms of repayment
Our installment loans can be reimbursed on a weekly, biweekly, bi monthly or monthly basis. This depends on the borrowers pay schedule. Unlike payday loans, our loan product can be paid in a 90 to 160 day term. Please refer to our example cost of borrowing for more detailed information.
A customer can ask to push a payment to the end of their schedule for a cost of $40.00. This extends the due date by 1 payment or for a period equal to the customer’s pay schedule.
Please borrow responsibly. Having multiple installment loans or payday loans can be detrimental to your finances. If you have multiple loans please ask one of our agents to assist you with a consolidation product. This will help you re-establish your budget and help your financial recovery.
Better than cash advances or payday loans
That’s right! We said right here! Our product is better than your conventional cash advance or payday loan. Payday lenders typically charge an ABR (Annual Borrowing Rate) of 390% . Additionally, The entire loan must be reimbursed on your next pay. Our installment loans are reimbursed over a period of 90 to 160 days. Our ABR (Annual Borrowing Rate) is 190% and can be as low as 130% for repeat customers. Our installment loans can be up to 66% cheaper than a payday loan and/or a cash advance. Furthermore, Our flexible terms allow the customers to budget more efficiently, and avoid messy loan cycles.
Intallment loan requirements
Once you filled out our easy loan application form, you will have to upload only 2 documents
- Picture ID card (driver’s license)
- A proof of address ( Most recent utility bill)
You will then be required to complete the IBV (Instant Banking verification)
Once accepted, one of our agents will then contact you to finalize and send you our electronic contracts.
The money is deposited in your bank as soon as we receive your electronically signed contracts. Please note that it can take up to 24 hours for the funds to be available in your bank account.