We work with the best financial institutions to offer you an annual interest rate of 23.99%.

Of course, if you need a withdrawal from your $750 facility, our team will ensure that the money is deposited directly into your account before the end of the day. Once you have received your loan, you will be able to pay it back in 10 payments of $120.
This information is given for example purposes only and assumes that the withdrawal made is repaid in full according to the agreed upon amortization schedule, without any new withdrawals or re-borrowing being made before the full repayment.
The above example considers 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 is subject to change at any time and Instant Loan reserves the right to modify the fees, their allocation, calculation and the terms and conditions of any new facility granted.

The above example does not include any administration fees, deferral fees, fees for drawdowns refused by your financial institution, re-borrowing fees, maintenance fees or other fees that may be imposed in connection with the occurrence of a default or your management and use of your facility.

Your pre-authorized payment has bounced back. In this case, you will be charged a $60 fee. Your financial institution may also charge you an “NSF” fee. It’s always best to make sure you have the necessary funds in place before your withdrawal date to avoid these fees.

There are still some details you need to know.

The renewal of the loan is not automatic. It will be done after the client has made the application and it has been approved by our company.

Any initial drawdown on your facility will be amortized over a schedule of equal and consecutive payments allowing full repayment of amounts due over periods ranging from three to six months.

If you need to borrow more money from your credit facility, it will be added to the principal balance that you already owe. A new repayment schedule will be created to spread out the payments over a set period of time. This will also apply to any future borrowing.

Don’t worry. If an incident happens and you can’t make a payment on time, our team will make sure to find a solution with you. However, we abide by Canadian lending standards and regulations. We are therefore obligated to demand full payment of all amounts, interest and other costs incurred if there is a default on an amended contract. Also, if we have any legal fees due to a default on your amended agreement, we will claim those fees and you will have to reimburse us for them. If, for any reason, we cannot agree to repay your loan, we will have no choice but to assign your file to a collection agency, which could affect your credit rating. It is therefore in your best interest to pay your payments on time.

A payday loan is a short-term borrowing option for people who don’t have any savings. The lender will extend credit based on your income and it usually totals a portion of your next paycheck. Pay day loan may be useful in an emergency situation or when you are in temporary financial difficulty (i.e., if you need to cover unexpected expenses or sudden unemployment).