How it works

To be eligble for a loan you must :

Be 18 years old or older
Reside in Canada
Be receiving an income for at least 3 months
Have no rejected payment (NSF)

Have a Canadian bank account and receive your income by direct deposit
Have no intention of declaring bankruptcy or file for a proposal in the next 3 months

FAQ’S

– How can I get a loan?

Apply for a loan by filling the application form on our home page.

– What is the annual interest rate?

We work with the best financial institutions to get you the lowest rates. We offer you an annual interest rate of maximum 29,99% in Canada and 23,99% in Québec.

– Loan example

The payment amounts will vary depending on the amount borrowed, the frequency and the length of the payment plan. You can repay your loan with a flexible plan within 3 or 4 months. For example, if you borrow $500 and you repay it on a weekly basis over 3 months, you will pay $63,25 per week.

– What happens if I miss a payment?

If your pre-authorized payment is rejected for insufficient funds, you will have a $50 fee and your bank will also charge you for non-sufficient funds (NSF). Make sure you have enough money in your account so you don’t have extra fees to pay.

– Can I defer a payment?

Yes. If you know you cannot make your next payment, you can contact our agents who will help you defer it. You must contact us at least 3 business days before your payment date.

– Are there fees if I defer a payment?

Yes. If you must defer a payment, you will have a $50 administration fee. You must contact us at least 3 business days before your payment date so we can make the change.

– Will my loan be renewed automatically?

No. Your loan will be renewed if you request it and if it is approved after you do the IBV (Instant Bank Verification). You must have repaid the principal of your loan to be eligible for a renewal.

– What about my credit score and collection fees?

We are subject to Canadian lending standards and regulations. You will have to pay in full all amounts, interest, legal fees, and other costs incurred in the event of default payment. This will negatively affect your credit rating.

– What happens if I don’t make a payment arrangement with Credit2Go?

If you do not make a payment arrangement with us for the repayment of your debt and additional fees, we will send your file to our team of lawyers specialized in debt collection. It is therefore in your best interest to pay your installments on time and make a payment arrangement with us.

– Am I eligible to get a loan if I am presently not working?

Yes. We accept government income such as pension income, disability, personal insurance, employment insurance, parental insurance, etc.

– Can I repay my loan by sending e-transfers?

No. We require a void cheque or pre-authorized debit form (PAD) and we will take the funds at the same frequency as your income.

– How will I know that my loan request has been approved?

You will receive an email with a contract to be signed online.

– Will you verify my credit file?

No.

– Do you call at my job and call my references?

No. Only if your account is suspended for payment default and we cannot reach you by phone nor email.

Telephone :

1-866-613-2661