The lowest rate on the micro-loan market!
Credit24 finds lending companies for you with interest rates on online micro-loans that are lower than that offered by the competition. We do not use companies offering rates of 32%, 36% or 39%, as is often found on the market.
A nominal rate no greater than 24% a year (see Note on Interest Rates below). This rate is lower than that offered by certain credit cards, including those from major recognized stores.
The possibility of postponing a payment (for a fee of $25)
Fees for non-sufficient funds, which will NEVER exceed $40
Guarantee fees are applicable on a micro-loan, and vary depending on the amount borrowed, the payback period and the level of risk for the loan. Ask your representative about the fees applicable to your loan.
Our collections department will contact you should you fail to make a payment, so that we can reach a payment agreement. Our representatives always use responsible practices that comply with the law under the QUEBEC CONSUMER PROTECTION ACT.
However, should the borrower not respect or cooperate with the arrangements made, the file shall be sent to a collections agency or a law firm. Fees equivalent to 50% of the initial loan will be added to the amount due, as well as all eligible legal fees incurred to recover the debt (notification by registered letter or bailiff, court fees, etc.).