Prêt Instant is proud to offer the quickest, most secure system on the market. With its 256 bit encryption, Instant Banking Verification is the easiest way to get personnal credit in Quebec.
This system, used by large banks and financial institutions across Canada, lets us give you the credit you need instantly! You won’t even need to send a single document.
What is IBV (Instant Banking Verification)?
IBV is the technology that’s currently in use by large banking institutions. It allows us to view a read-only copy of your banking statement which lets us confirm your banking information. This lets us approve your credit quickly, without you having to send us a single document.
Is IBV secure?
Though the technology seems simple, it is the most secure on the market. It is the same system used by large Canadian banks. We are never given access to your username or password.
What do you do with the information provided by the IBV?
Does this give you my username and my password for my bank account?
Never. It is impossible for us to connect directly to your bank account with this system. It simply sends us a read-only copy of your most recent banking statement for us to review.
Do I need to use the Instant Banking Verification System?
This is the easiest way to apply because it is paper free. You don’t have to go through the hassle of finding a fax machine, scanning documents or mailing physical copies. That being said, if you are uncomfortable with the paperless system, the traditional method is still available. To apply using the traditional method, send us your banking statement for the last 31 days, a recent pay stub, proof of identity, proof of address, and a voided cheque for approval. This can be sent to firstname.lastname@example.org or through your client account.
Annual Interest Rates
Annual interest rate of 18,99%.
If you wish to use one of our credit facilities, you can use the following payment model as a guide : a withdrawal of 750 $ on your facility with bi-weekly payments of 121.01$ will take 10 installments.
This example is given as an example only and considers that the initial withdrawal has been entirely refunded to the credit facility before using another credit amount. In the example above, the weekly 22.75$ membership fee is included in the repayment amount.
In Case of Default
NSF: A fee of twenty five dollars ($25.00) 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, please inform the lender at least 72 business hours before the date of collection. No extra fees will be incurred.
We determine your minimum payments together, after having looked at your financial capacity to repay and the time during which you want to make installments**. Membership fees are applicable as long as there are used funds on the credit facility.
Credit score and financial support
Our business model complies to Canadian legal norms. If a particular situation arises during your use of the credit facility, our service department is there to help you out with payment deferrals, making modifications or other needs you might have.
The transactions made on your credit facility do not affect your credit score in a positive or negative way, because we don’t communicate with the credit bureaus.