Conditions for getting a loan
- Submit a fully completed form
- Reside in Quebec
- Be 18 years old or older
- Have held a stable job for more than three months
- Receive your pay by direct deposit
PLEASE NOTE:The lending company we contract with charges an annual interest rate of between 26% and 32% (APR). The loan must be repaid within three months of receiving it. No loan is automatically renewed. You must re-apply using the simplified renewal form. Your credit rating will remain unchanged if you repay your loan in the prescribed period. If you do not meet this requirement, interest of 2% per month (24% per annum (APR)) will be applied on the amount due and the debt will be sent for collection. A A cheque that is refused for insufficient funds will incur an additional charge of $30. You can delay an installment if you pay an administration fee of $18. Obtaining or renewing a loan involves a brokerage fee. Beneficiaries of CNESST programs, disability insurance and Québec Pension Plan programs are eligible to apply for loans.
ANNUAL INTEREST RATE (APR)
The lending company we contract with charges an annual interest rate of between 26% and 32% (APR).
Prêt sans enquête repayment terms vary from three (3) to six (6) months.
Repaying a loan of $500 every two (2) weeks in six (6) installments would be $126.67 per payment for a total of $760. This includes the fees payable to the broker, which are added to the amount borrowed. Repaying a loan of $1000 every two (2) weeks in six (6) installments will be $168.78 per payment for a total of $1519. This includes the fees payable to the broker, which are added to the amount borrowed. The broker establishes fees for each file at their discretion. Please bear in mind that these fees are independent of the interest charged.