At Gestion Multi-Finance, our mission is to make credit accessible to customers neglected by traditional institutions by offering honest, respectful and flexible service.
MICROLOANS WITH OR WITHOUT
A GUARANTOR OR CO-BORROWER
MICROLOANS WITH OR WITHOUT A GUARANTOR OR CO-BORROWER
WHO ARE WE?
GMF loans stand out from other lenders by our transparency, our commitment to educate consumers and our promise to help them understand their financial situation. We have no hidden fees, and we strive to present and explain information in clear, understandable language.
LOAN AMOUNTS
Loans range from $300 to $1,500 and have a repayment period of 12 to 20 weeks. We make repayments coincide with the client’s pay period.
INTERESTS RATES
The interest rates charged comply with the provisions of the Office de la protection du consommateur.
FLEXIBILITY
Our contracts provide for the possibility of postponing or reducing the amounts on reimbursements, subject to certain conditions being met.
WHAT SETS US APART FROM OTHER LENDERS
The Quebec legislator has significantly restricted access to easy credit through Bill 72, which was adopted in November 2024 and amended the Consumer Protection Act (CPA). Despite these restrictions, we can still help those who qualify.
At GMF, we share the view of the Quebec legislator and of Option Consommateurs that consumer over-indebtedness must be reduced. Too many easy-to-obtain microloans can seriously harm your financial situation rather than help you. Stop looking for loans that are too easy to obtain. Make a small effort and complete our repayment capacity assessment form. If you have difficulty completing it, contact one of our agents. In just a few minutes, the process will be completed and a solution will be offered to you.
Without realizing it, many consumers in need meet the criteria set by the CPA; yet they still fall prey to the siren song of lenders offering easy but extremely costly loans. Beware of lenders who claim to offer variable credit: they advertise an acceptable interest rate but charge fees of approximately $25 per week, which significantly increases the cost of credit.
These consumers would greatly benefit from exploring the solutions we offer them:
Loans AT THE RATES PERMITTED BY THE CPA, with no cost other than interest.
OPTION 1
You complete the form prescribed by the CPA and meet the debt ratio requirement, which is a maximum of 45% of your income.
Here are the products offered:
COMPARE THESE PAYMENTS WITH THOSE OF ANY MICRO-LENDER!
OPTION 2
You do not meet the debt ratio requirement, but you have a guarantor.
To qualify, the guarantor must complete the same assessment form as you and must personally meet the 45% ratio. Please note that the guarantee must be provided free of charge. This is a legal requirement. You then have access to the same products shown above.
OPTION 3
You do not meet the ratio and cannot find a qualified guarantor.
You must then consider turning to a co-borrower; your co-borrower can be any person who qualifies according to the criteria outlined above. If you cannot find one, we still want to lend to you, but we will require a co-borrower. You can ask a parent, colleague, friend, or any other person who meets the 45% criterion themselves to act as a co-borrower.
If you are hesitant to ask someone in your circle, know that there are many companies that specialize in assuming this kind of risk and advertise widely on the Web. We do not recommend any particular company, but we strongly suggest approaching one that is a member of the Quebec Association of Microloan Professionals.
At GMF, there are no fees other than interest at the rates permitted by the Consumer Protection Act (CPA);
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No membership fees;
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No renewal fees;
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No electronic collection fees;
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NSF fees waived in case of a problem, if the payment is made within 72 hours.
Read more on our website and see how, at GMF, we want and are able to help you.
QUESTIONS REGARDING AN EXISTING LOAN: 514-312-3084
QUESTIONS REGARDING
AN EXISTING LOAN:
514-312-3084
Gestion Multi-Finance is a member of L’Association québécoise des professionnels du microprêt.
ABOUT US
We are a microloan company that lends to clients underserved by traditional financial institutions. In the vast majority of cases, these are individuals who generally have poor credit histories and whose loan applications are refused by conventional financial institutions. We believe that this clientele deserves to be served.
GMF holds a money-lender license issued by the Office de la protection du consommateur (OPC). Accordingly, GMF is committed to complying with the rules imposed by the OPC. We offer loans to clients whose existing financial obligations do not exceed 45% of their gross income, with interest rates permitted by the OPC. For clients whose current debt ratio exceeds 45%, we also agree to issue a loan, provided the consumer adds a qualified co-borrower. We do not refuse any client with a qualified co-borrower, and we even offer a better interest rate to these clients! The co-borrower is chosen by the client, but we recommend co-borrowers who are members of the Association québécoise des professionnels du microprêt, as they adhere to a strict code of ethics.
Our interest rates are those permitted by law and reflect the risk involved. They are comparable to the rates charged by credit card issuers, primarily credit cards issued by major retail chains.
LOAN ADMINISTRATION PHILOSOPHY
We understand that our market is particular, but we believe that all of our clients deserve respect and humanity. We are available for our clients, and we are committed to help them meet their financial commitments, while respecting their budget. This is why we are flexible, attentive and show empathy when our clients ask us for flexibility. We never refuse a reasonable request from a client who is determined to meet its financial responsibilities.
WE ARE DETERMINED TO RESPECT
THE RULES IMPOSED BY
THE OFFICE DE LA PROTECTION
DU CONSOMMATEUR.
OUR GOLDEN RULE:
A WELL INFORMED CUSTOMER
IS A CONSUMER WHO IS NOT ABUSED!
Unfortunately, this rule is rarely followed by some of our industry actors. Gestion Multi-Finance (GMF) has made it his mission to be compliant and to stand out from the crowd and clean up the industry, one loan at a time!
OPC REGULATION
BY THE RULES
The Quebec government, through its LOI SUR LA PROTECTION DU CONSOMMATEUR (LPC), strongly regulates microlending. According to this Act and its regulations, if your monthly obligations already represent more than 45% of your gross monthly income, taking out a new loan with interests exceeding approximately 24% would represent for you a “presumed excessive, abusive or exorbitant” obligation and you are invited to consult the Office de la Protection du Consommateur LAW (OPC).
Gestion Multi-Finance is committed to respecting the LPC, and undertakes to underwrite its loans with clear documentation and with interest rates that do not exceed the rates prescribed by law. We offer 2 approaches. The first, for people with existing financial obligations that do not exceed 45% of their income, automatically qualifies them for a loan with us. The second, for people with obligations of more than 45% of their income, requires a co-borrower but automatically qualifies you for a loan at an even better interest rate!
INFORMATION ABOUT OUR LOANS
GMF loans stand out from other lenders by our transparency, our commitment to educate consumers and our promise to help them understand their financial situation. We have no hidden fees, and we strive to present and explain information in clear, understandable language. Features of our loans:
- Loans ranging from $300 to $1,500 repayable over a period of 3 to 5 months;
- Interest rates are in accordance with the OPC standards and similar to those of a credit card;
- Fast loan disbursement, same day if documentation is complete and approved by 11:00 am;
- Loans with or without a co-borrower (see opposite);
- Human and flexible collection service for special conditions requiring the reduction or temporary postponement of payments.
OUR 2 APPROACHES TO LOANS
Depending on your debt situation, we offer 2 approaches to obtaining a loan. If your current financial obligations represent:
LESS THAN 45% of your income
You are AUTOMATICALLY pre-qualified!
And we will give you a loan under the terms and conditions described below but at the MAXIMUM rate allowed by law. One uniform rate: 28.99% compounded daily.
MORE THAN 45% of your income
We will require a co-borrower, BUT we will offer you a loan at a better rate. We guarantee that your repayment will be calculated at a MAXIMUM rate of the Bank of Canada’s base rate +22%.
To view the current Bank of Canada base rate, click here.
To calculate your debt ratio level, complete the financial information section of our loan application form.
SO A MICROLOAN WITHOUT
A CO-BORROWER IS POSSIBLE?
Of course it’s possible! If you meet the OPC’s debt ratio standards, you will automatically qualify. We offer two financial products, with unbeatable payments!
COMPARE THESE PAYMENTS WITH THOSE
OF ANY MICRO-LENDER!
Here are the products offered:
DO YOU HAVE AN URGENT NEED
FOR CASH AND HAVE FINANCIAL
INSTITUTIONS TURNED THEIR
BACK ON YOU?
Do you meet the 45% debt ratio required by the OPC?
YES
Yes, you are eligible, and your loan could be deposited into your account within one hour of receiving the requested documents.
No fees other than interest at a rate of 29.9% will be charged.
NO
We still WANT to help you.
Do you have a guarantor or a co-borrower in your circle who personally meets the 45% ratio?
Do you have a guarantor or co-borrower in your circle who personally meets the 45% ratio?
YES
This person only needs to submit the same debt ratio assessment form, and your application will be approved.
Even better, your interest rate will be only around 24% with no additional fees!
NO
We can still help you find an approved co-borrower who will allow you to obtain the requested loan.
And again, your interest rate will be only around 24%.
Click the link below for a list of approved co-borrowers.
THE CO-BORROWER OR GUARANTOR…
WHAT EXACTLY DOES IT MEAN?
We do not refuse any loan to a client who presents with a qualified guarantor or co-borrower. The client is free to choose the guarantor or co-borrower of their choice.
When analyzing a loan application, we assess the client’s repayment capacity. If it appears compromised by excessive existing obligations, we still want to help the consumer who needs credit. We will then require an acceptable guarantor or co-borrower. We do not impose any particular one; if the client cannot find someone in their circle, we recommend dealing with a member of L’Association québécoise des professionnels du microprêt. These are companies that have committed to respecting our philosophy aimed at reducing consumer over-indebtedness.
WHO COULD BE A GUARANTOR OR CO-BORROWER?
You have completed the loan application form and found that you do not meet the standards set by the OPC? Not all is lost—you can still obtain a loan. You just need to find a guarantor or co-borrower. GMF accepts any guarantor who acts free of charge, provided they personally meet the debt ratio required by the CPA. This can be a parent, friend, or colleague, as long as it is free of charge, they complete the same form as you, and their debt ratio does not exceed 45%.
Can’t find such a guarantor, or not comfortable asking someone in your circle for this favor? No problem! You can easily find companies on the Web that offer to act as a co-borrower with you. This service will cost you something, but it is up to you to negotiate with the co-borrower in question.
L’ASSOCIATION QUÉBÉCOISE DES PROFESSIONNELS DU MICROPRÊT
CAN’T FIND A CO-BORROWER AND ARE LOOKING FOR ONE?
We recommend members of L’Association québécoise des professionnels du microprêt,
as they adhere to a strict code of ethics, unlike some other active providers.
CONTACT US
• Loans with or without a co-borrower
• Flexible and human loan administration
• Clear and compliant documentation
Gestion Multi-Finance
1320 Denison West, Suite 204
St-Alphonse-de-Granby (Québec)
J0E 2A0
514-312-3084