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How it works
From application to deposit in your account: a simple, fast and transparent process, with no credit check and no obligation.
Home › How it works
From application to deposit in your account: a simple, fast and transparent process, with no credit check and no obligation.
The process
Answer a few questions: amount, source of income, bank account. Two minutes, from your phone or computer.
You continue to the Instant Bank Verification. It confirms your income with no documents and no credit check, and your banking password is never shared.
Your file is reviewed quickly and you receive a clear offer with every condition written down. No fine print, no surprises.
If you accept, you sign electronically and the money is deposited directly into your bank account. If you decline, it costs you nothing.
Because the bank verification replaces the paperwork: no pay stubs to photograph, no statements to send, no waiting for someone to check them by hand. See how IBV works.
And because we believe you should never feel trapped. At every step you know exactly where you are, what happens next and what it costs. You can stop whenever you want.
"An application in the morning, an answer the same day in most cases."
Rates & disclosures
Required information about our loans so you can make an informed decision, before you apply.
Our maximum annual interest rate is 19.99%. In the event of non-payment, the applicable rate on the overdue amount is 1.67% per month.
Loans are repayable over a minimum of 61 days and a maximum of 6 months. You can make a full or partial repayment at any time, with no penalty.
| Loan amount | $500 CAD |
|---|---|
| Annual interest rate | 19.99% |
| Term | 90 days |
| Total repayable | $524.65 CAD |
| Payments | $174.88 / month, for 3 months |
A $500 loan may be paired with optional services, which are entirely optional. Subscribing to these services is not required to obtain the loan and has no effect on the credit decision or loan terms. If you choose to opt in, optional service fees may apply and are payable bi-weekly over 6 installments, separately from loan principal and interest. Example: a payment of $145.59 bi-weekly, for a total of $873.54, including optional service fees. Optional services are provided by a separate entity, which sets its own fees independently of loan interest.