{"id":1212,"date":"2023-11-21T18:23:47","date_gmt":"2023-11-21T18:23:47","guid":{"rendered":"https:\/\/predigo.ca\/faq\/"},"modified":"2026-05-01T17:21:27","modified_gmt":"2026-05-01T17:21:27","slug":"faq","status":"publish","type":"page","link":"https:\/\/predigo.ca\/en-ca\/faq\/","title":{"rendered":"FAQ"},"content":{"rendered":"\t\t
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Do you have questions? We have the answers.<\/h1>

Getting a loan has never been easier.<\/h3>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Get a loan<\/span><\/a><\/div><\/div><\/div><\/div><\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t
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Frequently Asked Questions (FAQ)<\/h2>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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\n\t\t\t\t\t\tWhat are the conditions for being eligible for a loan?<\/span><\/path><\/svg><\/span><\/i><\/span><\/span>\n\t\t\t\t\t<\/div> \n\n\t\t\t\t\t\t\t\t\t\t\t
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  • Be a Canadian citizen and have a residential address in Quebec.<\/p><\/li>

  • Be at least 18 years old.<\/p><\/li>

  • Have a Canadian bank account that has been active for at least 3 months and into which you receive direct deposits from your employer.<\/p><\/li>

  • Have had stable employment for at least 3 months, from which you receive a salary by direct deposit, and earn a minimum of $1,200 per month.<\/p><\/li>

  • Have few or no non-financial default (NSF) transactions.<\/p><\/li>

  • Not be on the verge of bankruptcy or about to file a consumer proposal.<\/p><\/li>

  • Have a low short-term debt ratio (no other active short-term loans).<\/p><\/li><\/ul><\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\n\t\t\t\t<\/div>\n\n\t\t\t\t\t\t\t\n\t\t\t\t

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    \n\t\t\t\t\t\tHow much can I borrow for my first loan?<\/span><\/path><\/svg><\/span><\/i><\/span><\/span>\n\t\t\t\t\t<\/div> \n\n\t\t\t\t\t\t\t\t\t\t\t
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    First-time borrowers are eligible for a $500 loan. Once you have established a history with our lenders, you can apply for a larger loan.<\/p><\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\n\t\t\t\t<\/div>\n\n\t\t\t\t\t\t\t\n\t\t\t\t

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    \n\t\t\t\t\t\tWould I be able to get a quick loan without a credit check?<\/span><\/path><\/svg><\/span><\/i><\/span><\/span>\n\t\t\t\t\t<\/div> \n\n\t\t\t\t\t\t\t\t\t\t\t
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    You can get fast loans without a credit check. We look at your future financial data rather than your credit history.<\/p><\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\n\t\t\t\t<\/div>\n\n\t\t\t\t\t\t\t\n\t\t\t\t

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    \n\t\t\t\t\t\tWhen will I receive my money?<\/span><\/path><\/svg><\/span><\/i><\/span><\/span>\n\t\t\t\t\t<\/div> \n\n\t\t\t\t\t\t\t\t\t\t\t
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    In most cases, once your request is approved, we transfer your funds directly to your bank account within 24 business hours.<\/p>

    Or instantly via express deposit for a fee of $12.<\/p><\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\n\t\t\t\t<\/div>\n\n\t\t\t\t\t\t\t\n\t\t\t\t

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    \n\t\t\t\t\t\tWhat documents do I need to provide for an application?<\/span><\/path><\/svg><\/span><\/i><\/span><\/span>\n\t\t\t\t\t<\/div> \n\n\t\t\t\t\t\t\t\t\t\t\t
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    The only document required is instant bank verification (flinks).<\/p><\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\n\t\t\t\t<\/div>\n\n\t\t\t\t\t\t\t\n\t\t\t\t

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    \n\t\t\t\t\t\tWhat is a request using the VBI system?<\/span><\/path><\/svg><\/span><\/i><\/span><\/span>\n\t\t\t\t\t<\/div> \n\n\t\t\t\t\t\t\t\t\t\t\t
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    The VBI (Instant Bank Verification) request is an expedited process that allows us to confirm some of your information instantly, without you having to provide any documents. This is what allows us to offer such short turnaround times.<\/p><\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\n\t\t\t\t<\/div>\n\n\t\t\t\t\t\t\t\n\t\t\t\t

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    \n\t\t\t\t\t\tAre there any documents to send with a VBI application?<\/span><\/path><\/svg><\/span><\/i><\/span><\/span>\n\t\t\t\t\t<\/div> \n\n\t\t\t\t\t\t\t\t\t\t\t
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    No. This method is faster, simpler, and you don’t have to send any documents.<\/p><\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\n\t\t\t\t<\/div>\n\n\t\t\t\t\t\t\t\n\t\t\t\t

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    \n\t\t\t\t\t\tIs a request using VBI safe?<\/span><\/path><\/svg><\/span><\/i><\/span><\/span>\n\t\t\t\t\t<\/div> \n\n\t\t\t\t\t\t\t\t\t\t\t
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    Absolutely. The VBI is a document that confirms the accuracy of your information. Under no circumstances can we access your bank account or modify your banking information.<\/p><\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\n\t\t\t\t<\/div>\n\n\t\t\t\t\t\t\t\n\t\t\t\t

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    \n\t\t\t\t\t\tWill you have access to my bank account?<\/span><\/path><\/svg><\/span><\/i><\/span><\/span>\n\t\t\t\t\t<\/div> \n\n\t\t\t\t\t\t\t\t\t\t\t
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    No, not at all. We will never have access to your password or username. If you make a request using VBI, we will only have a read-only copy of your bank statement.<\/p><\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\n\t\t\t\t<\/div>\n\n\t\t\t\t\t\t\t\n\t\t\t\t

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    \n\t\t\t\t\t\tWhat is the annual interest rate on your loans?<\/span><\/path><\/svg><\/span><\/i><\/span><\/span>\n\t\t\t\t\t<\/div> \n\n\t\t\t\t\t\t\t\t\t\t\t
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    Our guarantee fees vary depending on the risk and the amount requested. Co-borrower fees range from 6.95% to 22%.<\/p><\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\n\t\t\t\t<\/div>\n\n\t\t\t\t\t\t\t\n\t\t\t\t

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    \n\t\t\t\t\t\tCan I borrow money if I am paid in cash or by check?<\/span><\/path><\/svg><\/span><\/i><\/span><\/span>\n\t\t\t\t\t<\/div> \n\n\t\t\t\t\t\t\t\t\t\t\t
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    Unfortunately, no. Your pay must be deposited directly to qualify for a loan.<\/p><\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\n\t\t\t\t<\/div>\n\n\t\t\t\t\t\t\t\n\t\t\t\t

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    \n\t\t\t\t\t\tAre the loans confidential?<\/span><\/path><\/svg><\/span><\/i><\/span><\/span>\n\t\t\t\t\t<\/div> \n\n\t\t\t\t\t\t\t\t\t\t\t
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    Yes, our loans are 100% confidential.<\/p><\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\n\t\t\t\t<\/div>\n\n\t\t\t\t\t\t\t\n\t\t\t\t

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    \n\t\t\t\t\t\tNow that I have completed my loan application, what's next?<\/span><\/path><\/svg><\/span><\/i><\/span><\/span>\n\t\t\t\t\t<\/div> \n\n\t\t\t\t\t\t\t\t\t\t\t
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    Once you have completed your application, our review team will assess it to ensure everything is in order and meets our lenders’ requirements. The process can take up to one business day, but it is usually faster.<\/p>

    Can I apply for a loan if I am receiving Employment Insurance, CNESST, RRQ, disability insurance, or other forms of assistance?<\/p>

    Yes, in most cases. Certain conditions may apply; contact us for more information.<\/p><\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\n\t\t\t\t<\/div>\n\n\t\t\t\t\t\t\t\n\t\t\t\t

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    \n\t\t\t\t\t\tFor what reasons could my loan be refused?<\/span><\/path><\/svg><\/span><\/i><\/span><\/span>\n\t\t\t\t\t<\/div> \n\n\t\t\t\t\t\t\t\t\t\t\t
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    Your loan could be refused if you do not meet the eligibility requirements. It could also be refused if, among other things:<\/p>