Alterfina Loans in Laval

How to apply for an Alterfina loan in Laval?

1. Access the Alterfina Website. Open your web browser and navigate to the official Alterfina website.

2. Click on the "Apply Now" Link. Once on the homepage, locate and click on the prominent "Apply Now" link or button. This will direct you to the loan application page.

3. Agree to Terms. On the application page, carefully review and tick the boxes to indicate that you are at least 18 years old and have a minimum monthly income of $1,500. Agreeing to these terms is necessary to proceed with the application.

4. Specify Credit Limit and Deposit Amount. Next, specify the desired credit limit you wish to apply for. Then, indicate how much of that limit you want to have deposited directly into your bank account. This step allows you to customize the loan according to your financial needs.

5. Provide Personal Information. Enter your personal details, including your full name, residential address, and contact information such as phone number and email address. Ensure that the information provided is accurate and up to date.

6. Create a Password. Choose a secure password to create your Alterfina account. Your password should be unique and not easily guessable to protect the security of your account and personal information.

7. Complete Instant Bank Verification. Follow the prompts to complete the Instant Bank Verification process. This typically involves connecting your bank account securely to the Alterfina platform, allowing the system to verify your banking information quickly and accurately.

8. Review and Submit Application. Before submitting your application, take a moment to review all the information you have provided, ensuring accuracy and completeness. Once you are satisfied with the details, click on the "Submit" or "Apply" button to send your application for review.

Conditions

• APR. The Annual Percentage Rate (APR) for loans through Alterfina is 18.99%. This rate represents the annualized cost of borrowing, including both interest and any applicable fees.

• Membership Fees. Borrowers may be subject to a membership fee of $24.20 per week if there is an active balance on their account. This fee is charged periodically and contributes to the overall cost of borrowing.

• Loan Amounts. Alterfina offers open credit between $500 and $2,500. Borrowers have the flexibility to choose the amount of credit they require within this range based on their financial needs.

• Loan Repayment. Repayments at Alterfina are tailored to individual financial capacities. The platform determines the minimum payment based on the borrower's financial situation and the chosen repayment period. However, it's important to note that the minimum repayment cannot be less than 5% of the initial loan amount. This ensures that borrowers make progress in paying off their loan balance over time while maintaining affordability.

Requirements

• At Least 18 Years Old. Applicants must be at least 18 years of age to be eligible for a loan.

• Residency in Quebec. Applicants must be residents of Quebec, Canada, to qualify for a loan through Alterfina.

• Minimum Employment Duration. Applicants must have been employed at their current job for at least three months.

• Active Bank Account. Applicants must possess an active bank account in Canada. This account will be used for depositing approved loan funds and managing repayments.

• Not in Bankruptcy. Applicants should not be currently undergoing bankruptcy proceedings to be eligible for a loan.

• Minimum Monthly Income. Applicants must have a minimum monthly income of at least $1,500 to demonstrate their ability to repay the loan.

Additional resources

• About Alterfina
• Alterfina Online Banking
• How to Apply for Alterfina Loan
• How to PayOff Alterfina Debt
• Alterfina Customer Reviews