Rates, Fees & APR
We offer the fastest and most affordable bad credit loans in Canada. If you are looking for a short term or a long term personal loan, here we offer detailed information about Interest Rates and Administration Fees for processing your loans.
Transparency & Localness are two of our key values that we always follow at Donald Credit. Here are the Interest Rates and Administration Fees for Loans.
What is the Repayment Period for Loans?
- You can take up to 16 weeks (3 months) to repay any Loan you take from Donald Credit.
- We have the most flexible repayment policy for all kinds of loans. You can choose your own amount and number of instalments. You can choose to pay Weekly, Biweekly, Bimonthly or Monthly as per your priorities and choice.
What if I want to Repay Loan earlier than decided time period?
- You can do that and we always encourage our customers to do the same. If you are ready with required funds, you can repay loan amount any time.
- we also believe in rewarding our loyal customers with genuine discounts on other associated charges.
What is the annual interest rate (APR) at Donald Credit?
- the annual interest rate (APR) would be anything between 2.7% and 3.0%. However, APR varies for different loan amount and time period. Once you decide the amount and time period during the process of loan application online, you will get exact APR.
- For the short term bad credit loans of the amount 1000$, the interest rate would be somewhat between $35 and $40 for the period of 3 months.
What are the Policies for the Payments get returned by the Bank?
- We insist our customers to understand all the details like interest rates, loan repayment policy, other associated charges, late fees properly before going for loan application. We encourage our customers to understand borrowing responsibility before borrowing money. In the case of payment gets returned by the bank, there would be 50$ charge which is also mentioned in our contract.
- If the same thing happens again and again or more than a quarter of payments are returned by the bank, we would go further with the collection department taking charge of all the debt.
- In the case of customer noticing the payment returned by the bank, customer must inform us immediately.
Want to apply for a Loan? Follow these steps!