Express Loan 911 is the only micro-credit company that uses IBV (Instant banking verification). This allows us to provide our services faster, confidentially, and securely. Get approved for an open credit from $500 to $1,500 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 an open credit by a third party lender. This brokerage fee is independently set by the broker for each file for which a open credit is obtained for the benefit of the borrower and is distinct from the credit fees and interests charged by the lender granting the open credit. The definitive terms and conditions relating to the brokerage fee, the amount of the open credit, 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 an open credit 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 rate of 22% annual interest.
Do you have an example of an open credit and payments required?
Of course, if you need a withdrawal on your facility of $ 750. our team will ensure that the money is deposited directly into your account before the end of the day. When you receive your credits, you can repay it on 10 installments of $ 120.
This information is given for descriptive purposes only and considers that the withdrawal made is refunded in full according to the agreed repayment schedule, without any new withdrawal or re-borrowing being made before full repayment.
The example above assumes a weekly membership fee of $ 20, which must be paid by the client as long as there is a balance owing on the credit facility.
The amount of the membership fees may change at any time and Prêt Instant reserves the right to modify them, their allocation, computation and the terms and conditions relating to any new facility granted.
The above example does not include any administration fees, carry-forward fees, fees for withdrawals refused by your financial institution, re-borrowing costs, maintenance fees or any other fees that may be imposed in connection with the occurrence of a default or your management and use of your facility.
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 $25 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. Variable credit customers will pay a $10 fee, plus bank charges.
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. Variable credit customers will pay a $10 charge.
Are there other conditions I should be aware of?
Terms of Cash Advance: Open Credits are not advanced automatically.
Open credits advances can only be made after the customer has submitted a request and it has been approved by our company.
Amortization schedule: Any initial withdrawal on your facility will be amortized according to an equal and consecutive payment schedule allowing full repayment of amounts due over periods ranging from three to six months. Thereafter, any re-borrowing on the availability of your credit facility will be added to the principal then remaining due on any previous withdrawal and a new amortization schedule will then be agreed to amortize the repayment on a predetermined number of equal payments and the same will be true of any subsequent re-borrowing.
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 facilities 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.