Methods of Payment

There are many ways to make a loan payment.

Pre-Authorized Debit (PAD) – All regular payments should be made by PAD as per the terms of your agreement with us. Payment is automatically debited from your bank account on a regular basis as per the agreed upon payment frequency.

Other Options
(a fee may apply for other options as outlined in your agreement with us)

Interac e-Transfer – Payment is made by email from your financial institution’s website. Please send to and include the name as it appears on your agreement and your agreement number from the top right corner of page 1 of your agreement. Please send a separate email to the same e-mail address with the password.

Internet banking – Payment is made though your financial institution’s bill payment service. The payee is PREFERA FINANCE. The payment may take up to three business day to reflect on your account.

Visa or Mastercard – Payment on account of arrears or outstanding fees can be made using either of Visa or Mastercard – Debit or Credit (note that this service is not available for regular payments). Please login under the “Make a Payment” link above or contact us at 1-844-734-3577 to make this arrangement.

Directly at Bank of Montreal Please contact us at 1-844-734-3577 for more information on this service and deposit details. Please send us the deposit slip if you use this service.