Argent Rapido Presto – Private lender for personal loans

How does it work?

Our company offers a loan bonding service, which means we take responsibility for your borrowing from private lenders. In other words, we guarantee lenders that you are able to repay the loan that you took out. This is why you must provide us with certain documents: we must make sure that your financial situation is stable enough for you to be able to pay the previously determined installments.

All private lenders are legally obligated to ask you for such documents. Lenders who claim otherwise are acting against the law. By applying at Argent Rapido Presto, you are ensuring that you are getting a loan in a legal and completely secure manner.

After evaluating your application, we will send you a contract with all the details of our agreement. That way, you know exactly what to expect when doing business with us. Read the contract carefully before signing it and do not hesitate to contact our advisors with any questions that you may have. Our team is here to help!

Get a loan in 4 easy steps

01. Complete your application in just a few minutes

Fill out the online form and submit the required documents. You may also contact us by phone for assistance with completing your online application.

Please note that we do not offer on-site applications and cannot complete your application for you over the phone.

02. Get a custom loan

Loan guarantees involve a guarantee fee of between $130 and $630 depending on the amount borrowed and the predetermined repayment period. Our advisors will help you find a loan that best suits your needs.

03. Get approved quickly

We evaluate your application in less than an hour in order to determine your ability to repay. This assessment is done in-house, not through a credit agency.

04. Cash in your loan on the same day

Your money will automatically be deposited into your bank account the day of your approval. It really is that easy with Argent Rapido Presto!

The advantages of a private loan

One of the biggest advantages of calling on a private money lender is that you can take out a loan no matter your credit rating. When banks turn you down for loans, we’re here to help you bounce back. Giving everyone an equal opportunity to access credit is the reason for our existence!

Another major advantage of using the services of a private money lender is that you can get your loan much faster than with a financial institution. If you apply now at Argent Rapido Presto, you could receive your money by direct deposit as soon as today! Such speed is impossible with banks. If this is your first time applying for a personal loan, know that several people have been there before you. Private loans in your province are much more common than you may think! Every day, many Canadians call on our services and we are happy to be able to help them. Join them and apply for your private loan today!

Another major advantage of using the services of a private money lender is that you can get your loan much faster than with a financial institution. If you apply now at Argent Rapido Presto, you could receive your money by direct deposit as soon as today! Such speed is impossible with banks. If this is your first time applying for a personal loan, know that several people have been there before you. Private loans in your province are much more common than you may think! Every day, many Canadians call on our services and we are happy to be able to help them. Join them and apply for your private loan today!

If this is your first time applying for a personal loan, know that several people have been there before you. Private loans in your province are much more common than you may think! Every day, many Canadians call on our services and we are happy to be able to help them. Join them and apply for your private loan today!

What criteria do I need to meet to apply for a personal loan with a private lender?

Eligibility Criteria

 

  • Be 18 years of age or older
  • Be a resident of Canada
  • Be employed for at least 3 months
  • Receive your salary by direct deposit into a Canadian bank account
  • Have a gross income of at least $1,200 per month
  • Not have filed for bankruptcy in the last 6 months
  • Not plan to file for bankruptcy or a consumer proposal in the next 6 months

Required Documents

 

  • Instant banking verification IBV
  • Last pay stub
  • Void cheque or pre-authorized debit authorization form from your financial institution
  • ID card (driver’s license, health insurance card or passport)
  • Proof of residency of at least 30 days (tax bill, telephone bill or hydro bill)
  • Social insurance number SIN

What interest rate can I expect with a personal loan?

You can expect an interest rate of 22.5%. Why are private lenders’ interest rates higher than those of traditional institutions? Simply because the risk is greater. If you can borrow from a bank, we encourage you to do so. However, if conventional institutions won’t lend you money because you have a poor credit rating, we can help you. 

Unlike banks, we are not constrained by strict regulations, therefore we are able to offer private loans no matter your credit history. Moreover, we provide flexible repayment plans that fit your financial capacity. 

Here at Argent Rapido Presto, we also guarantee that you will never pay a higher interest rate than the one allowed by law. This is not the case for all companies, so make sure your rights are protected when doing business with private lenders.