What is a microloan?
A short-term loan is a type of credit that is unsecured and has higher interest rates. It can help you when you don’t have cash, and you can get it online when it’s convenient for you.
You don’t have to wait in line at the bank, fill out a lot of paperwork or wait a long time to find out if your application has been approved.
You don’t have to borrow more money than you need, because Rapido Pretsto makes the process clear and easy. You can apply for the exact amount you need, down to the dollar.
Our simple online application form lets you choose the quick loan best suited to your needs.
One of the advantages of a short-term loan from Rapido Pretsto is that you can choose when you repay it. If your application is successful, the money will be in your account the same day, and most of the time, within minutes.
You need to fill in the form on our website to get money from Rapido Pretsto.
Once your loan has been accepted, if you meet our creditworthiness and affordability criteria, the money will be sent to the bank account of your choice immediately, even on weekends and public holidays.
We compare short-term lenders and use the latest technology to ensure the security of your personal information.
Thanks to our online service, you can apply for a loan over different terms. This gives you the freedom to choose the amount you wish to repay and the method that suits you best
Why our customers love Rapido Pretsto
A personal and friendly approach
Our customer service managers are friendly people. When you need a more human approach, their role is to assist you. They’ll also be there to help you make the most of our 24/7 service.
At Rapido Pretsto, there are no “numbers”. We understand that everyone has a unique situation when it comes to borrowing money. Don’t worry-we promise you’ll always have someone to talk to about your concerns or doubts. If you need help, contact the number on your loan contract and someone will help you.
We take the time to understand your situation
We know that sometimes the unexpected can happen, making it difficult to pay your bills and meet your financial commitments. If this is the case, a Customer Service Manager will help you resolve any financial issues you may encounter.
At Rapido Pretsto, we’re proud of the relationships many of our customers have built with our customer service managers, helping them through difficult financial times. If the worst happens, we don’t want you to feel alone. Call or e-mail us to discuss your options.
You’ll have many chances to repay your loan in a way that suits your new situation, because we’ll work with you. The unexpected can happen at the worst of times, and we want to help you through a difficult period with our fast loans.
Quebec company
Competitive rates
Security process
Proven solution
An easy-to-complete micro-loan application
When it comes to getting money, Rapido Pretsto knows that ease of use and simplicity are very important. That’s why we’ve simplified the application process to make it as easy and straightforward as possible.
Within minutes, you’ll know if you’ve been approved for a quick loan after just a few easy steps.
First, use our online quick loan tool to choose the amount you’d like to borrow and the repayment term. Next, fill in our easy-to-understand application form with your personal and professional details. Once you’ve submitted it, our team will work hard to find you a suitable lender from our extensive group.
If your loan application is successful, the money will be sent promptly to your bank account for immediate use.
Getting a loan from a trusted lender should be easy and accessible to everyone
Our variety of loan choices can help, whether you need money for an unexpected expense or a major purchase. As Quebec lender comparators, we put our customers’ happiness first and make getting a loan easy from start to finish.
You can trust Rapido Pretsto to be honest, flexible and reliable, giving you peace of mind when you need to borrow money. Apply online now!
Why should you use us as a loan comparator?
There are many advantages to using Rapido Pretsto as your lender comparator that are tailored to your specific financial needs. As one of the largest lender comparators in Quebec, we pride ourselves on being able to offer loan options to suit a wide range of situations. Our variety of loan products means you can find the one that suits your needs, whether you need to pay an unexpected cost or large bills.
Rapido Pretsto is a reliable and affordable way to borrow money, because our overall effective interest rates are low and our terms are clear. Thanks to our easy-to-use online application form, you can apply for a money loan without leaving your home, saving you time and effort. What’s more, because we believe in responsible lending, we carry out thorough financial capacity and credit checks to make sure you can easily repay your loan without putting too much pressure on your finances. When you choose Rapido Pretsto for your loan, you’re choosing a partner you can trust and who cares about your financial health.
Online or in person? Which is better for getting a fast loan?
While you traditionally had to go to a lending office to get a fast loan, new companies are offering a 100% online service.
Accessibility and convenience
An online loan is accessible 24/7, so you can apply from anywhere, without having to go anywhere. The whole process is done online, which is convenient for those with busy schedules.
An in-person loan requires you to physically visit a financial institution or lending agency. Opening hours are often limited, which can be restrictive
Processing speed
Processing is generally faster for online loans, with approval and funds transfer often completed within hours, or even immediately after application.
The in-person process can take longer, as it may require an in-person interview and on-site document verification. The transfer of funds can be slower
Fast process
If you opt for an online loan, the application is made entirely via a digital form. You can upload the necessary documents (if requested) directly to the lender’s platform.
You must fill out a paper form and provide supporting documents in person, such as proof of income or identity.
Human interaction
The process is generally automated for online loans, with less human interaction. Customer support is always by email, SMS, or phone call.
In person, you benefit from direct interaction with an advisor. He or she can guide you through the process, answer your questions, and sometimes offer customized solutions
Security and confidentiality
Online transactions can expose users to digital security risks (hacking, phishing). However, reputable lender sites use encryption technologies to protect personal information.
Confidentiality is assured through face-to-face interaction, but there is always a risk that paper documents will be mishandled or lost
Eligibility criteria
Online lenders can be more flexible in terms of eligibility criteria, with fewer documentation or credit check requirements.
Traditional lenders may require more extensive documentation and more rigorous verification, but they can also offer more customized terms depending on the applicant’s situation
Make money fast in four easy steps
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
Your request will then be reviewed. Once accepted, you’ll receive an email containing the loan contract, which you’ll need to sign and return
Your money is sent directly to a Canadian bank account
Accessible to all Quebecers, regardless of their credit rating
Many people in Quebec have bad credit, so don’t worry if you do too!
We won’t be discouraged if you have bad credit! When someone applies for a loan, we consider more than just their credit history. We look at that information, but we also consider the applicant’s financial capacity. There’s a good chance we’ll grant a loan even to someone with bad credit, as long as they have enough disposable income to ensure repayment.
Need a loan but have bad credit? You can apply online right now for a cash loan with a direct lender at Rapido Pretsto!
Not comfortable with your finances? Apply online now for a loan with a lender at Rapido Pretsto!
Rapido Pretsto can help you get the money you need to repair your boiler, replace a faulty appliance, pay for car maintenance or deal with another emergency. If you need money fast to cover an important and urgent expense, we can get you the funds you need fast.
By applying online, you’ll receive an immediate response and the money fast.
No hassle
The customer service team is friendly and based in Quebec. You can reach them by phone, chat or email.
Flexible repayment
You can pay off your debt early at no extra cost, and save on interest.
Clear and direct
Clear, straightforward communication throughout the loan process
Frequently asked questions about micro-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
Money problems? Take charge of your debts in ten steps
1. Assess your financial situation
- List all your debts: Start by listing all your debts, including amounts, interest rates and minimum monthly payments.
- Understand your spending habits: Track your income and expenses for a month to identify where your money is going and where you can cut back.
2. Create a budget
- Prioritize needs over wants: Focus on essential expenses like rent, utilities, groceries and debt repayment. Reduce non-essential expenses.
- Create a monthly budget: Create a budget that includes all your income and expenses, making sure to allocate a portion of your income to debt repayment.
- Use the 50/30/20 rule: Allocate 50% of your income to needs, 30% to wants and 20% to savings and debt repayment.
3. Build up an emergency fund
- Start small: Begin by saving a small emergency fund of $500 to $1,000 to cover unexpected expenses. This will reduce your reliance on quick loans.
- Automate savings: Set up automatic transfers to your savings account to gradually build up your emergency fund.
4. Consider debt repayment strategies
- Snowball method: Concentrate on paying off your smallest debt first, while making minimum payments on larger debts. Once the smallest debt is paid off, move on to the next.
- Avalanche method: Prioritize repayment of debts with the highest interest rates first, then move on to lower-interest debts. This approach saves on interest over the long term.
- Consolidate your debts: Consider consolidating several high-interest debts into a single loan with a lower interest rate. This can simplify your payments and reduce overall interest costs.
5. Negotiate with your creditors
- Ask for lower interest rates: Contact your creditors to see if they are willing to reduce your interest rates or offer a more manageable repayment plan.
- Explore settlement options: In some cases, creditors may agree to a debt settlement, where you pay a lump sum less than the total amount owed to clear the debt.
6. Avoid taking on new debt
- Avoid new quick loans: Resist the temptation to take out new quick loans, which often come with high interest rates and fees that can trap you in a cycle of debt.
- Use cash or a debit card: Limit the use of credit cards and prefer cash or a debit card for your purchases to avoid accumulating more debt.
7. Increase your income
- Find additional sources of income: Consider taking on a part-time job, self-employment or selling unused items to increase your income and pay off your debts faster.
- Invest in skills: Upgrade your skills or take additional training to increase your long-term earning potential.
8. Seek professional help
- Credit counseling: Contact a non-profit credit counseling agency for advice on debt management, creating a budget and developing a repayment plan.
- Debt management plans (DMPs): A credit counselor can help you set up a DMP, where you make a one-time monthly payment to the counseling agency, which then pays your creditors.
- Financial advisor: A financial advisor can offer personalized advice on managing your finances and getting out of the debt cycle.
9. Spend wisely
- Avoid impulse buying: Make thoughtful spending decisions and avoid buying things you don’t need or can’t afford.
- Plan for the future: Set yourself financial goals, such as saving for retirement or buying a home, to motivate you to stay out of debt and accumulate wealth.
10. Stay committed and patient
- Celebrate small victories: Acknowledge your progress, even the smallest ones, to stay motivated.
- Stay patient: Getting out of debt is a journey that takes time and discipline. Keep your long-term financial health in mind and stick to your plan.
By following these steps, you can free yourself from the cycle of quick loans, reduce your debt and build a more stable financial future.
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.