Express Loan 911 is the only micro-loan company that uses IBV (Instant banking verification). This allows us to provide our services faster, confidentially, and securely. Get approved for a loan from $250 to $1,250 now!
Gathering all of the correct documentation and sending it off can be annoying. Thanks to our IBV system, you will not have to worry about making sure you sent all the documents.
At Express Loan 911 we strongly believe that if we wish to continue moving forward, we must stop looking at the past. That’s why we approve you in a few minutes without conducting a credit check.
* The scenario shown in the simulator hereabove also includes a brokerage fee charged by the broker with whom the borrower deals for the purpose of being granted a loan by a third party lender. This brokerage fee is independently set by the broker for each file for which a loan is obtained for the benefit of the borrower and is distinct from the credit fees and interests charged by the lender granting the loan. The definitive terms and conditions relating to the brokerage fee, the amount of the loan, the credit fees and interests, the frequency and amount of the installments to be paid may vary. The scenario presented in the simulator hereabove only serves as an example and does not constitute the definitive terms and conditions upon which a loan may be obtained and/or granted.
I loved my experience with Express Loan 911 because they have always been incredibly open with me. Whenever I had a question, they would answer super quickly and help me understand anything that went over my head. After this experience, I felt like I was a micro-loan expert!
After filling out my form, it only took an hour for me to get a call telling me I had been approved for my loan. I needed quick cash, and Express Loan 911 helped me out so I could make ends meet between paycheques.
Having gone through major banks for loans in the past, I knew how much of a hassle it could be. I loved that I didn’t have to print off documents and send them through the mail. I needed money fast, and Express Loan 911 delivered.
What are the Annual Interest Rates?
We work with dependable financial institutions to offer a minimum rate of 10% and a maximum rate of 29% annual interest.
Do you have an example of a loan and payments required?
Of course! If you needed $750 today, our team will ensure you have the money in your account by the end of the day. Once you receive your loan, our flexible repayment options allow you to pay us back in installations over a 3 to 6 month period. You would pay 10 installments of $120. This includes a $380 application fee. Each fee is determined by the agent on a case by case basis. As a reminder, this information is as an example.
What Happens If I Default My Payment?
There are two possibilities:
The first would be if a pre-authorized payment bounces. In this case, you will have a $50 Non-sufficient fund (NSF) fee for the bounced payment. As well, your bank may also charge for a NSF. It is always in your best interest to ensure that you have the necessary funds in your account before the date of the automatic withdrawal.
The second would be if you asked to defer a payment to a later date. If you chose this option, there is an administration fee of $35.00 charged to the account. It is important to inform us at least 3 business days before your payment- is due so that your request will be approved.
Are there other conditions I should be aware of?
There are a few things that loan applicants should be aware of. Applicants should be aware that loans are not renewed unless you submit a request for another loan and it is approved.
What about Collections and Credit Scores?
Don’t worry, we understand that life is unpredictable. If an unexpected life situation arises and you are unable to make a payment on time, our team will make sure that we modify your repayment agreement to help accommodate your current situation. That being said, our company is in full legal compliance with Canadian lending regulations and standards. We are therefor obligated to demand full payment of any outstanding amounts, interests or fees if there is a default of payment under the modified repayment agreement. Also, if we incur any legal fees (judicial and extrajudicial) as a result of a default on your modified repayment agreement, we will claim these fees and you will be required to reimburse us. If for some reason we cannot come to an agreement about your loan repayments, we will have no choice but to assign your file to a collection agency, which can negatively impact your credit rating. It is in your best interest to pay your installments on time.