Loans from ^$300 to ^$1500

Policy concerning responsible extension of credit Applications go through an approval process to ensure the applicant has the means to fully reimburse their microcredit. This process may include, among others, verifying that your salary will cover borrow expenses, that you haven’t missed too many payments in the past, and that you don’t have a large number of microcredits already under way. Because of this obligation, we reserve the right to refuse applicants.

Missed payments Any payment refused by your institution for insufficient funds or another reason will incur a $55 fee

Credit file This situation will not affect your credit score with credit agencies. Collection department you can count on Our collection department uses work methods you can rely on. What’s more, if you miss a payment, our collection agents will reach out to you to make additional payment arrangements, at their sole discretion. When you miss a payment, interest on the capital borrowed continues to accumulate. The costs incurred in collecting past due amounts will be assumed by you. The total amount owing shall be collected to the fullest extent of the law.

Annual Percentage Rate (APR) The annual interest rate is 19,99%.

Amounts Our line of credit sizes vary from $500 to a maximum of $1,250.

Renewals Our contracts are NEVER renewed automatically. You must apply each time.

Example of a variable credit loan cost

The table below is an example of a monthly payment schedule for a $1,000 credit.

Repayment term Our microcredit repayment terms range from 12 to up to 18 weeks.

Repayment example Your $750 microcredit payable in 16 weekly instalments will cost you $72.92 per payment for a total of $1166.73.

This information is given as an example only and takes into account the guaranteed fees to be added to the borrowed capital. The guarantor determines its guaranteed fees at its sole discretion for each application, and the fees are separate from the capital and interest of the lender.

Be responsible! Used responsibly, microcredits may be the right solution for you. However, they have higher interest rates and fees than loans obtained through a local chartered financial institution. This type of service should be used as infrequently as possible or in the case where no other alternative solution, at lower rates of interest, is available to you. Taking out several loans of this nature will burden you with debt and lead to serious financial trouble.