FAQs
Sometimes a high credit history score is necessary to qualify for a loan, but in our case, a low credit score will ensure you get a loan from QuickyLoans.ca. Life can be unpredictable, sometimes even to responsible people with a good credit. This is why we are more concerned on your ability to repay the loan than at your credit history.
You need to be at least 18 years old, living in Canada and to be employed for a minimum of three months and/or receive a qualifying income. Also, to be paid by direct deposit in a Canadian banking institution, assuming that your minimum income is $1500 gross per month.
With an Interact e-transfer deposit, you can receive your funds within the next hour of being approved.
We have an annual interest rate of 22%.
We will withdraw funds directly from your account following your income deposits. Our brokerage fees are the last payments to be withdrawn after the capital and interest on the loan is paid.
In this case you can request a deferral of payment, at least 72 working hours before the date of collection. If your pre-authorized payment still bounces back, you will be charged a fee. You may also be charged an “NSF” fee by your financial institution, hence the importance to have the necessary funds in place before your withdrawal date to avoid these fees.