All online demands are analysed and go through a selection process to ensure that borrowers are in a position to pay back their loan.
This includes, but is not limited to:
Verifying that your salary meets our criteria;
Ensuring that you do not have an excessive amount of insufficient fund charges in your bank account;
Determining if your previous financial obligations will interfere with your loan refunding capacities.
Following this analysis, if your file meets our standards, your demand will be ACCEPTED.
You will be charged 45$ for any payment refused by your banking institution, for insufficient funds or any other reason, this 45$ will be added to your next payment and the missed capital and interst payment will be deferred to the end of your contract. This situation will not affect your credit score, and your file will not be transferred to credit agencies for a missed payment. In case of an emergency where you need to delay a payment, please call us at least 48 hours before the payment is due. This delay will result in a cost of 25$, that will be deferred to the end of your contract. Respecting payment and schedules will ensure easy financial renewals and excellent client services.
Our company uses the responsible collection methods in compliance with Canadian legal requirements. If a problem occurs during the time that you are repaying your personal loan, our client service agents will make payment arrangement with you while taking into consideration your current financial situation. Missed payments will accumulate interest on the unpaid balance.
The borrower is responsible for all legal fees generated from recovering a past due balance.
Maximum APR on personal loans is 39.99% (plus appropriate fees). On a $5,000 unsecured personal loan the maximum total cost of borrowing would be $6,999.50.
Renewing your loan does not happen automatically, you need to request it.
Repayment terms of our loans is 3 to 5 months.
A $750 loan payable every two weeks and refundable in 8 payments will be $141.87 by payment for a total amount of $1134.96.
This information is given as an example and considers an administration fee payable to Quickloansdepot.com of an amount no greater than $250. Quickloansdepot.com sets alone the fees of each case at its own discretion and these are independent of the interests due to the lender.
Warning: Please be responsible and careful with short term loans. Quickloansdepot offers help if no other solutions are available. Our interest rates are higher than conventional banking institutions. These kinds of loans should not be used when other solutions are available. If you have done your due diligence and weighed your options, taking out this type of loan might be an appropriate solution to your needs. We are here to work with you.