What is a quick money loan without a credit check?
No-inquiry loans or quick loans are another name for short-term loans. They are a type of unsecured loan that acts as a line of credit.
They are designed to help you pay short-term expenses and are used for emergency situations when you have no other options.
They can be easier to obtain even if you have bad credit. With Rapido Pretsto’s short-term loans, you can borrow amounts ranging from $500 to $1,500.
You can choose to repay your loan over a period of up to six months with flexible repayment terms, depending on the results of credit and affordability checks.
How to get a loan fast?
To apply, click on the “Apply” button and fill in our quick and easy online form.
We’ll then check your creditworthiness and see if you can afford to borrow using IVB technology.
We then review your application. Once accepted, you will receive an e-mail containing the loan contract, which you will need to sign and return
Your money is sent directly to a Canadian bank account.
Why choose Rapido Pretsto for my fast money loan?
We make quick loans available to you so that you can regain your freedom and peace of mind. Don’t worry if you’re having trouble getting credit from your bank. We work with our customers to help them obtain flexible financing at a reasonable price. At Rapido Pretsto, we’re proud of our reputation as ethical lenders. For our valued borrowers, our award-winning lending strategy offers low rates and exceptional customer service.
Our customers can borrow up to $1500, repayable over a maximum period of one year. We recognize that it would be excessive to ask borrowers to repay the entire amount at once, so we won’t ask you to do so. We always tell you the cost of your loan up front, and we don’t charge you any additional fees.
As responsible lenders, we always check your budget before making an offer. Your credit history isn’t perfect? Not a problem. Thanks to Rapido Pretsto’s minimum lending requirements, you can get money fast.
Get a no-refusal* loan when you need it
Because we compare lenders, our goal is to help you get the short-term loan you need as quickly as possible. That’s why our fast application process is flexible enough to adapt to your needs. Just tell us how much you want to borrow and for how long, and we can get you a fast loan in minutes.
There are many good reasons to get a loan without a credit check. What matters most to us is that you can keep up with the payments you make. So, whether you need a loan right away or you’re looking for short-term bad credit loans that can help you even if you have bad credit, we might be able to help you today.
If you need a business that can give you the freedom you need, our short-term loans are exactly what you need. Thanks to our human approach to lending, we’ve helped people get money fast while allowing them to choose payments that fit their budget. We can do the same for you today
Quick and easy
Our application is very easy to complete.
All we need is some basic information about you and your finances, as well as the loan amount and desired term.
Flexible
You can change the payment frequency to weekly, bi-weekly or monthly by moving the buttons
Direct
The money you need is sent directly to your bank account.
We use direct deposit or Interac transfer
Think before you apply for a quick loan
What are the advantages?
1. Online loan applications can be submitted quickly and easily.
2. Once approved, funds can often be transferred to your account within hours or even minutes.
3. You can borrow any amount between $500 and $1,500 with a quick loan, and repayments can be spread over several installments to suit your schedule.
4. If an applicant meets our lending requirements, we may consider granting a loan even if their application for a credit card or bank loan has been rejected.
What are the disadvantages?
1. Quick loans are relatively simple to obtain and can be very convenient. They are therefore also more expensive than some other forms of credit.
2. High interest rates may be associated with additional charges and penalties for late payment.
3. Compared with 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
Why can’t I get an urgent loan approved?
If your online fast loan application has been declined, it may be because you have significant problems on your credit file, such as accounts in collection or bankruptcy. If you have a history of defaulting on your loans, this may work against you when applying for credit again. You also won’t be able to get a fast loan if your net monthly income is less than $1,500, or if you have a lot of outstanding loans with other suppliers.
Loanexamplesand repayments
Get a no-inquiry loan of $500
Get a $750 bad credit loan
Get a no-refusal* loan of $1,000
Get a micro loan of $1250
Get a micro loan of $1500
Frequently asked questions about online loans
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
If I have bad credit, are there any other options for borrowing money?
There are other loan options if you need a loan quickly but are worried about your poor credit rating. Other loans you can think about include the following:
Secured loans
Secured loans (or home equity loans)
A home equity loan is a type of secured loan where your home serves as collateral. For example, if you own a home, you can borrow against the equity in it.
Secured loans have lower interest rates and are easier to obtain with a poor credit rating. However, they carry a major risk: in the event of default, you risk losing the asset you’ve pledged as collateral (for example, your home). Think carefully about your ability to repay before committing yourself.
Pawnbroking
Pawnbrokers offer loans in exchange for a valuable item such as a watch or piece of jewelry as collateral.
This option is fast and doesn’t require a credit check, but it’s expensive, and you risk losing the pawned item if you can’t repay the loan.
P2P lending
Online platforms like Lending Loop allow individuals to borrow directly from other individuals.
P2P platforms can be a good option if you have a poor credit rating, as they can offer more flexible terms. However, rates may vary depending on your risk profile, so compare several offers before making a decision.
Take out a loan from friends or relatives
This is a legitimate alternative if possible, but not the best choice. But remember that your relationship with them is more important than your relationship with any lender, so it’s crucial that you pay them back on time.
While this may seem like a simple solution, loans between friends or family can complicate personal relationships if payments aren’t made as planned. Put the loan conditions in writing and stick to them strictly to avoid tensions.
Low-value lines of credit
Some financial institutions offer lines of credit for people with poor credit ratings, although limits are often lower and interest rates higher.
A line of credit can offer greater flexibility than traditional loans, as you only pay interest on the amount you use. This can be a good option for covering temporary or unforeseen financial needs.
Secured credit cards
Secured credit cards like those offered by Capital One require an initial deposit that serves as a credit limit.
Using a secured credit card responsibly (i.e., paying off the balance each month) can help you rebuild your credit rating over time, while still having access to a small line of credit for emergencies.
Payday loans (avoid)
Companies like Money Mart offer payday loans, which are small, short-term loans repayable with your next paycheck.
Payday loans are extremely expensive and can easily lead to a cycle of debt if you can’t repay the loan quickly. They should be considered a last resort.
Always consider your options
At Rapido Pretsto, we always advise you to examine all your loan options before committing to a credit agreement.
Before choosing a loan, it’s imperative to shop around and compare the terms and prices offered by several lenders. We can help you if you determine that a bad credit payday loan is the right choice for you.
We are committed to responsible lending practices and provide clear costs and rates. We use direct deposit and Interac transfers to deposit your funds
Quebec company
Competitive rates
Security process
Proven solution
We help you get money fast in Quebec in 2024
There are many direct lenders of short-term loans online, all offering fast money when you need it. What sets Rapido Pretsto apart is our human approach, which puts you in control of the terms you need.
By giving you up to 12 months to repay, you can borrow a loan when you need it, at a price you can afford. It’s that simple, and to help you, we take a human approach to the application process – rather than relying on robots to make decisions, we have a professionally trained team ready to help you.
As loan comparators, we consider each application on its own merits, and we can offer you this flexibility even if you have a low credit score.
We understand that it can be difficult to maintain a perfect credit score, so if you can afford the repayments, our human, not automated, team will be happy to assess your application.
Borrow responsibly: Do you have money problems?
If you’re having money problems, don’t hesitate to contact our partners for help and guidance.
Their teams are committed to helping you through this difficult period by offering customized solutions to reduce your costs. We know that every case is different, and we’re here to listen to your concerns and offer you choices that meet your needs.
Our partners’ experienced teams are ready to help you with kindness and confidentiality… whether you need financial assistance or help negotiating payment plans.
How many quick loans can I take out at the same time?
Sometimes you can take out several quick loans at the same time, especially if you’re borrowing from several different lenders.
However, it’s not wise to go into debt in this way. By taking out several loans, you run the risk of having difficulty meeting your repayment obligations. With responsible lending, we’ll check other loans linked to your bank account before agreeing to lend you money
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.