Get a $50 loan instantly in Canada

If you ever find yourself strapped for cash, a fast $50 loan can sometimes be all you need to get through to your next payday. And if you want to get a $50 instant loan in Canada, there are several options to choose from—even if you have bad credit.

Compare your options below and apply online within minutes.

Compare $50 loans in Canada

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Where can I borrow $50 instantly?

To get a $50 loan fast, apply to cash advance apps like Nyble, Bree and KOHO. They’re a solid option because they offer instant approval, fund loans within minutes via e-transfer and offer loan amounts as low as $50. In fact, if you’re a first-time borrower, you’re more likely to be approved for a small loan under $80. As you build a history of on-time payments, your limit will increase.

Must read: Compare instant loans in Canada

How to get a $50 loan now

1. Create an account online. You’ll need to verify your email and phone number.
2. Connect your bank account. Linking your account allows the lender to verify your income and identity.
3. Get approved. Cash advance apps work fast and can provide a response right away.
4. Apply for a $50 cash loan. Keep in mind that a $50 loan is never guaranteed. In some cases, the lender may approve you for less.
5. Submit. Complete your request and get your money within minutes.

Can I get a $50 loan instantly with bad credit?

Yes. While a bad credit score will stop you from getting a loan from some lenders, that’s not always the case.

There are many online lenders who specialize in loans for borrowers with all types of credit. Pay advance apps don’t require a credit check. Rather than focusing on your credit history, these lenders will instead focus on your income, your existing debt and your ability to afford loan repayments.

However, be aware that if you open a line of credit, you’ll be hit with higher interest rates than borrowers who have good to excellent credit.

But it’s important to be careful with an open line of credit because having constant access to credit can lead to financial trouble if you find it difficult to control your spending.

Related: Best bad credit loans

Tips to get approved for a $50 instant loan with no credit check

If you want to get a $50 loan instantly with no credit check, there are a few simple things you can do to increase your chance of getting approved. These include:

• No NSF transactions in the last 60–90 days. A history of NSF transactions on your bank account will indicate to lenders that you may struggle to repay what you borrow.
• Acceptable debt-to-income (DTI) ratio. The ratio of your existing debt payments to your monthly income is an important indicator of your ability to afford loan repayments. Traditional lenders typically require borrowers to have a DTI ratio of under 40%, but alternative lenders are open to a 40%–60% DTI ratio range.
• Instant bank verification. Many lenders offer instant bank verification, which allows them to check your income by reviewing your bank statement electronically. This speeds up the application process by removing the need for you to upload any paperwork.

What do I need to get approved for a $50 loan?

The exact requirements you need to qualify for an instant $50 loan in Canada will vary between lenders and apps. However, as a general guide, you will need to:

• Be at least the age of majority in your province or territory (18 or 19)
• Have an active Canadian bank account
• Have a reliable source of income

You may need to provide a valid form of government-issued ID when applying for a $50 loan in Canada, for example, your driver’s licence or passport.

Other ways to get a $50 loan fast in Canada

Check out these other ways to get a $50 loan—but watch out for high rates.

Credit card cash advance

How it works: A credit card cash advance lets you withdraw money from your card balance—it’s as simple as visiting an ATM or your bank and withdrawing the cash you need. It’s a convenient way to get cash instantly, and you can pay off the debt with the rest of your card balance. But fees and high interest rates apply, so make sure you’re aware of the total cost before you choose this option.

Pawn shop loans

How it works: Pawn shop loans let you borrow small amounts (usually up to $150) when you provide a valuable asset as collateral. Terms of up to a few months are available, and you’ll need to surrender your collateral to the pawn shop until you pay back what you borrow.

Dive deeper: Pawn shop loans in Canada

Must read: Personal finance stats in 2025: How are you doing compared to other Canadians?

Are Canadians likely to borrow from non-traditional lenders?

Big Banks and other traditional lenders have always been popular among Canadians borrowers, but non-traditional lenders like KOHO, Bree and Nyble are steadily gaining ground.

According to the Finder: Consumer Sentiment Survey January 2025, around one in five Canadians who need to borrow money are likely (14%) or very likely (4%) to apply to a non-traditional lender to see its loan offer. More than one in three people are on the fence (34%).

Frequently asked questions

• Which app will give me $50 instantly in Canada?

  If you need an instant $50 loan, apps like Bree, Nyble and KOHO all offer this service.

• How long does it take to get a loan from a pay advance app?

  It's possible to get money instantly through a pay advance app, but in some cases, you may need to pay a fee for fast transfers. If you don't want to pay a fee, you may have to wait up to three business days to get your money.

• Do all lenders offer $50 loans?

  No. Pay advance apps, lines of credit, credit card cash advances and pawn shop loans allow you to access small loan amounts of $50. However, other types of loans and lenders have higher minimum loan limits. For example, if you're applying for a personal loan, many online lenders have a minimum $500 loan amount, while traditional lenders like banks typically have a $1,000 minimum loan amount.