No need to print or fax!
Our system allows you to get open credits without all the hassle. At Express Loan 911, you don’t have to print or fax us anything. In fact, you don’t have to send us a single document.
Our secure 256-bit encryption system is the same system used by large banks. It gives us access to a read-only copy of your banking statements. This is all managed through our secure IBV system. Applying for open credits at Express Loan 911 is the secure, easy option when you need money fast.
What is instant banking verification (IBV)?
Instant banking verification is a simple process that is used between financial institutions to verify the accounts and transaction history of credits applicants. We use IBV to verify your identity and view a secure copy of your bank statement. It allows us to consider your request quickly, and respond fast. None of your information will be retained once the verification has been completed.
I don’t feel comfortable sharing my information online, how do I know it’s safe?
We understand the hesitance, but be aware that this system has been set up to increase the security and confidentiality of your request. With the same level of security used by online banks, this system will not remember your username or password. This is the easiest, quickest, and most convenient was to apply for an open credit.
What will you do with my information?
Your username and password will be securely transferred to your financial institution so that it can verify your identity and send us your bank statement for the last 90 days. This information is required to approve your application and is done with the safest technology on the market.
Do I need to use IBV?
We use our Instant Banking Verification system to make the open credit process easier and faster for you. This information is necessary to approve your open credit. The old method requires you to send 5 paper documents (bank statements, pay stubs, check specimens, identification and proof of residence). IBV allows you to get an open credit without printing, faxing or sending any documents at all. However, the traditional option is always available.
What are the Annual Interest Rates?
We work with dependable financial institutions to offer a rate of 18.99% annual interest.
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.
We determine your minimum payments together, after having looked at your financial capacity to repay and the time durong which you want to make installments*. Membership fees are applicable as long as there are used funds on the credit facility.
Our credit facilities are subject to flexible payments, as per the client convention and can generally be reembursed within a 3 to 6 month period. Nonetheless, you can pay the whole or a part of the amount due at any time.
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.
* The payment amount cannot be lower than 5% of the amount used on your credit facility.
Report fees = 0$
NSF = 25$