We work with dependable financial institutions that offer 22% annual interest rates.

Example of a open credit

A withdrawal on your $ 750 facility with bi-weekly drawdowns and 10-installment amortization would cost you $ 119.48 per payment

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.

NSF: A fee of fifty dollars ($50.00) will be charged for bounced cheques and also charged in the case of bounced pre-authorized payments. Your financial institution will also charge you an NSF fee for any bounced payments

Deferral of Payment: If the debtor would like to defer a payment to later than the date agreed upon in the original agreement, an administration fee of $ 35.00 will be charged. In order to defer a payment, the debtor must inform the lender at least 72 business hours before the date of collection.

Other Services and Conditions

Cash advance: Open credit are not renewed automatically. Cash advance 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.