Reimbursement period
- Repayment can be done over a 12 weeks period. There are no minimum period. You can repay your loan the day after
- Payments are by pre-authorized debit from your bank account scheduled weekly, biweekly, bimonthly or monthly
Early Repayment
- Our loans are open loans so you have the option to repay at any time without penalty
- If you repay your loan within the first month following the deposit date, we will also give you a 100$ discount on the associated costs
Annual Interest Rate (APR)
- The annual APR is between 28% and 38% depending on the duration of your loan. The maximum APR is 38%
- For a 500$ loan, the amount of interest will vary between $35 and $40 over a 3 month period
In case of default of payment
- As written in the contract a 50$ fee will be charged for any payments returned by the bank
- If more than a quarter of the payments are returned by the bank, the debt could be transferred a collection agency
- We suggest that you call us as soon as you notice that a payment was returned by the bank
