Need a no-refusal loan*?
A short-term loan is what you need when you receive a bill or cost you weren’t expecting. You can borrow between $500 and $1,500, and the money will be in your bank account the same day in most cases.
You have to repay your loan weekly, bi-weekly or monthly. If you want to save money on your payments, you can always pay them off faster, free of charge
All credit ratings accepted
Whatever your credit history, you can get a short-term loan. Join the thousands of happy people who have secured a fast loan with us despite bad credit
Receive your loan the same day
You’ll always get an immediate response. If you’re accepted and sign the loan contract, the money will be in your account the same day. It’s so fast!
Get your $1000 fast: how it works
We want our customers to be able to choose the loan that best suits their needs. If a fast money loan can help you get out of a tight spot and you can afford to pay it back over a few months, don’t hesitate to apply today. As responsible lenders, we’ve made our application process as quick and thorough as possible. That way, you won’t have to wait long for something to happen.
We think it would be fairer to offer loans to people with bad credit if we took into account their income and regular payments, not just their credit history. If we think you can afford to make the payments over time, we may be able to accept your loan
Choose your loan amount and term
We can help you obtain loans of between $300 and $1,500, which you can repay over a period of 6 to 12 months.
Go through the approval process
We check your creditworthiness and ability to repay the loan to see if you can afford it.
Loan signature and approval
If you’re approved, you can sign the contract and we’ll send you the money the same day, if possible.
You must meet our requirements:
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Be at least 18 years old |
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Live in Quebec |
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Be employed for >3 months and/or receive an eligible income*. |
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Be paid by direct deposit into a Canadian banking institution |
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Not be in bankruptcy proceedings |
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Receive a minimum income of $1500 gross per month |
* Types of eligible income:
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Salary |
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Commission de la santé et sécurité au travail (CSST) (Occupational Health and Safety Commission) |
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Société d’assurance automobile du Québec (SAAQ) |
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Lifetime disability |
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Retirement income |
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Family allowance |
Why get a no-refusal* fast loan in Quebec?
You have unexpected expenses
Same-day payday loans are useful for sudden, large expenses such as car repairs or broken appliances, because they give you quick access to cash. It can be difficult to pay for these things without extra cash, and no-refusal loans* can help you get the money you need to cover them.
You have a bad credit history
If you have a bad credit history or no credit history at all, some lenders will give you a fast loan even if you have bad credit if they take into account other elements such as your monthly salary and work history. This means that even if your credit history isn’t great, you can still get money.
Think before you apply for a no-refusal* loan online
What are the advantages?
Speed and ease of application: Online loan applications are simple and can be submitted quickly, without the need for complex procedures.
Fast funds transfer: Once approved, funds can be transferred to your account within hours or even minutes. We use Interac and direct bank transfers.
Flexible amounts and repayments: You can borrow from $500 to $1,500, with staggered repayment options to suit your schedule.
Accessibility for applicants with limited credit history: Even if a credit card or bank loan application has been rejected, you can still get a fast loan if you meet the required criteria
What are the disadvantages?
High cost: Quick loans are more expensive than other forms of credit, due to their accessibility and simplicity.
High interest rates and additional fees: These loans can include high interest rates, additional fees, and penalties for late payment.
Limited loan amounts: Compared to banks and other loan providers that allow repayment over a longer period, fast loan lenders often offer lower loan amounts.
Therefore, if you need more than $1500, a fast loan may not be the best option for you
Twenty common situations where a $1,000 instant loan can be beneficial
Quick loans shouldn’t be used willy-nilly, but they can help enormously when an urgent need for money arises.
Medical emergencies: Quick loans offer immediate funds to cover unexpected medical bills or procedures that insurance doesn’t fully cover, ensuring you get the care you need.
Car repairs: When your car breaks down unexpectedly and you need it for work or daily tasks, a quick loan can cover the urgent repair costs.
Emergency home repairs: Fix critical problems in your home, such as leaks, electrical problems or heating breakdowns, that need immediate attention with a fast loan.
Rent or mortgage payments: Avoid late fees, eviction or foreclosure by using a fast loan to cover your rent or mortgage during difficult financial times.
Last-minute travel: Whether it’s a family emergency or an unexpected opportunity, a quick loan can cover last-minute travel costs, such as flights and accommodations.
Debt consolidation: Simplify your finances and reduce high-interest debt by consolidating multiple obligations into one manageable payment with a fast loan.
Cash flow gap management: Small business owners and the self-employed can use quick loans to manage cash flow during slow periods, keeping operations running smoothly.
Unexpected utility bills: Avoid disconnection or late fees by using a fast loan to pay an exceptionally high utility bill that you can’t cover immediately.
Tuition: Cover urgent educational expenses, such as last-minute tuition payments, that could disrupt your or your child’s education without a quick loan.
Essential appliance replacement: Quickly replace broken-down essentials, such as a refrigerator or washing machine, without putting too much strain on your budget using a fast loan.
Funeral expenses: Manage the high cost of a loved one’s funeral, ensuring that everything is treated with respect in difficult times, with a fast loan.
Avoid overdraft fees: Prevent high overdraft fees or bounced cheques by filling the gaps in your bank account with a quick loan, a more affordable alternative.
Moving expenses: Whether for employment or personal reasons, a quick loan can cover unexpected moving costs, such as deposits or moving services.
Emergency veterinary bills: Make sure your pet receives the medical care it needs in an emergency by covering high veterinary costs with a quick loan.
Down payment assistance: If you’re short on funds for a down payment on a house or car, a quick loan can bridge the gap, helping you secure the purchase.
Wedding expenses: Manage last-minute wedding costs, from venue deposits to catering, ensuring your special day runs smoothly, with a quick loan.
Home security upgrades: After a burglary or alarm, quickly install or upgrade your home security system to protect your family and belongings with a fast loan.
Tax payments: Pay overdue taxes to avoid penalties and interest by using a fast loan to cover the amount due.
Seasonal business expenses: Small business owners can use quick loans to buy inventory or cover expenses during peak seasons, ensuring you don’t miss out on sales.
Holiday expenses: Manage the financial pressure of holiday purchases, travel and entertaining by using a fast loan to spread costs over time
Other examples ofloans and their repayments
Get a no-inquiry loan of $500
Get a quick loan of $750
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Get a no-inquiry loan of $1250
Get a micro loan of $1500
Frequently asked questions about loans without a credit check
Rapido Pretsto automatically finds the best loan for your situation. Many of our financial partners have Consumer Protection Agency approval to lend money
You can often expect to receive the money lent by Interac transfer within hours of accepting the loan and signing the contract.
Not at all. Instant Bank Verification (IBV) is used by our financial partners to verify your ability to repay the loan.
You can get a loan even if you have credit problems
Banks use the latest technology, Instant Bank Verification (IBV). This allows us to verify your information and obtain a copy of your bank statement in a single reading.
With this method, we can quickly approve you without your document.
We receive a read-only copy of your bank statement. Your username and password will never be visible.
A legal document issued by a Quebec or Canadian authority is photo identification.
Here are a few examples of legitimate photo IDs:
- a valid driver’s license
- a valid health insurance card
- a valid passport
Instalments give you flexibility
With a no-refusal loan*, you can choose a longer repayment period than with a payday loan, which can help you spread the cost. What’s more, this type of loan may allow you to borrow more (subject to approval) than a cash loan. If you borrow more money and pay it back over a longer period, you’ll obviously pay more interest. This means you’ll have to pay back more than if you’d repaid the loan over a shorter period.
The rules for repaying a fast loan vary from lender to lender. Not all allow you to repay over a fixed period. Some are more open. Rapido Pretsto’s short-term loans give you a great deal of freedom, and the length of your loan depends on the amount you take out. We charge interest on a day-to-day basis, so you’re not bound by the terms of the loan. You can save money by repaying your loan in full at any time.
Payday loans are a quick and easy way to pay for things, but they can worsen your financial situation if you have to repay the entire loan and interest in one go when you get paid again. You can spread your payments over time with a no-refusal loan*, giving you the time and space you need. With Rapido Pretsto, your monthly payments are lower, making them more affordable. You can also pay off your loan in full at any time at no extra cost
Can I get a loan even with bad credit?
At Rapido Pretsto, we believe that everyone should be able to access the money they need, even with bad credit. Many lenders are reluctant to grant short-term loans to people with bad credit in Quebec, because of the risk involved.
At Rapido Pretsto, however, we’re different from other Quebec lenders. Our loans are designed to help people who are struggling with their low credit rating. Some people apply for a loan with a credit score of 450, 400 or even less.
At Rapido Pretsto, we focus on affordability rather than credit score. As long as we can see that you can afford to repay the loan and that the loan will not harm your finances, we’ll be happy to consider your loan application.
Looking for a short-term loan without a credit check? Apply here and get the service you deserve
Do you have money problems?
If you’re having money problems, don’t hesitate to ask our partners for help. Their teams are dedicated to helping you get through this difficult period by proposing customized cost-cutting solutions.
We know that each case is unique, and we’re here to listen to your concerns and propose solutions tailored to your needs.
Our partners’ teams of experts are ready to help you in a friendly and confidential way, whether you need money or help setting up payment plans.
Call the number on your loan contract. You’re just a phone call away from receiving help
How many micro-loans can I get at the same time?
It is possible to get more than one fast loan at a time, especially if you borrow from different companies.
But this is not a good way to get into debt. If you take out a lot of loans, you run the risk of not being able to meet your repayment obligations. Before we grant you money through the responsible loan, we’ll look at all the other loans linked to your bank account.
Why can’t I get a loan without a survey?
If your online fast loan application has been declined, it may be because you have significant credit issues on your record, such as CCJs or bankruptcy. If you’ve been in arrears on your loans in the past, this could hurt your chances of getting credit again. Your credit rating may not be high enough either. Nor will you be able to get a fast loan if you earn less than $1,500 a month, or if you already owe a lot of money to other lenders.
Important information about variable lines of credit
How much interest do you pay each year (APR)?
We offer an interest rate of approximately 19.99% per annum. In the event of non-payment, the interest rate is 1.67% per month.
Payment policy
Use the following example to help you decide whether to borrow money with one of our short-term loans: A loan of $700 would be repaid in 9 installments of $136.57 per week.
In this case, the first amount is considered fully repaid before applying for a second loan.
A repayment schedule
Together, we’ll determine your minimum payment after checking your ability to repay the loan and the length of the payments you wish to make. You will be charged an administration fee until the loan is repaid in full.
Our credit accounts are flexible and can usually be repaid over a period of 3 to 6 months. However, full or partial payment can be made at any time.
*The repayment amount may not be less than 5% of the amount borrowed in the short term
About your credit rating and financial aid
Our business plan respects the rules established by Canadian law. If a problem arises while you’re using our loan services, we’ll help you find a way to repay the loan. Whether you need help or want to make changes to your loan, we’re here to help.
Your credit rating will not be affected by any transactions you make through our services, as we do not check with credit bureaus.