Dive deeper: No credit check loans in Canada
Loans That Accept the Child Tax Credit in Alberta
Compare loans you can apply for using the Canada Child Benefit, including no credit check options.
If you need a loan in Alberta using the child tax credit to qualify, you have options. Some online lenders of installment loans, cash advances and payday loans in Alberta accept the child tax credit as valid income. Here’s a closer look at each type of loan and where you can apply to quickly get the money you need.
- Personal loans (same-day funding)
- Cash advances (no credit check, instant for a fee)
- Payday loans (bad credit OK, instant)
Compare child tax loans in Alberta
These personal loan providers offer child tax loans. Get funding on the same or next day.
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How we picked theseFinder Score for personal loans
To make comparing even easier, we came up with the Finder Score. Interest rates, fees and features across 40+ personal loans are all weighted and scaled to produce a score out of 10. The higher the score the better the loan—simple.
Compare cash advances for child tax credit recipients
These cash advance providers in Alberta offer small instant loans that are easier to get than traditional personal loans. You pay no interest on these loans, but you may pay a monthly fee.
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Finder Score for cash advance apps
To make comparing even easier, we came up with the Finder Score. Interest rates, fees and features across 5+ cash advance apps are all weighted and scaled to produce a score out of 10. The higher the score the better the loan—simple.
⚠️ Warning: Be cautious with payday loans
High-cost payday loans are unsustainable for long-term borrowing, with up to $14 charged per $100 borrowed. If you're experiencing financial hardship, consider calling Credit Counselling Canada for free financial counselling (Monday-Friday 8:00am-5:00pm at +1 866-398-5999). You may also want to consider payday loan alternatives.Compare child tax payday loans in Alberta
Some payday lenders in Alberta offer child tax loans with instant approval. These are extremely expensive, so only consider them as a last resort.
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Key takeaways
- Some lenders in Alberta accept the Canada Child Benefit (CCB) as a valid source of income, allowing recipients to qualify for various loan types, including installment loans, cash advances and payday loans.
- Lenders such as Loans Canada and LoanConnect offer installment loans, while lenders like iCash, Cashco, KOHO and Nyble offer short-term loans to CCB recipients.
- You may be required to verify your CCB income and other incomes through online bank verification. Approved funds are typically sent via e-Transfer, with most lenders sending funds instantly.
Can I get child tax loans in Alberta with no credit check?
Yes, some lenders in Alberta accept the Canada Child Benefit as valid income and don’t require a credit check. Payday lenders you can apply to include Cashco, Money Mart, My Canada Payday and Loan Express. You can also apply for a cash advance from apps like KOHO, Nyble and Bree.
Can I apply for a loan with child tax credit but no income?
You can apply for a loan if you’re receiving the child tax credit only. Some payday lenders and cash advance apps accept the child tax credit as income. As long as it’s regularly deposited into your bank account, you have a chance to qualify.
Compare your options in the tables above.
Where can I get a child tax loan in Alberta with 24/7 e-Transfer?
Not all lenders send money 24/7. If you urgently need funds at night or on a weekend, check out 24/7 payday lenders like iCash, PAY2DAY and My Canada Payday, as well as 24/7 cash advance apps like KOHO, Nyble and Bree.
All these lenders provide e-Transfer funding.
Related: 24/7 e-Transfer payday loans
Where can I get instant approval?
You can get instant approval on a child tax loan in Alberta from the following lenders:
- Loan Express
- PAY2DAY
- KOHO
- Bree
- Nyble
- iCash
Related: iCash alternatives
What are the features of child tax payday loans in Alberta?
Child tax payday loans in Alberta have these features:
- Loan maximum. Payday loans in Alberta max out at $1,500. If you’re a first-time borrower, you may be approved for less.
- Borrowing fee. $14 for every $100 borrowed.
- Loan terms. 42 - 62 days. Lenders must also allow you to repay the loan in at least two to three installments.
- Cooling-off period. If you want to cancel your payday loan, you have two days to do so and you don’t need to provide a reason.
- Extra charges. Your lender can charge an NSF of up to $20 if there isn’t enough money in your bank account when the payment is due.
- No rollovers. You can’t extend or renew an existing payday loan in Alberta.
Basic payday loan eligibility requirements
- Provide proof of income. This would include bank statements showing direct deposits for your child tax benefits.
- Have an active chequing account. Your lender will set up automatic withdrawals on your scheduled repayment due dates.
What about child tax installment loans in Alberta?
Child tax installment loans in Alberta share these key features:
- Unsecured. You don’t need to provide collateral to get an installment loan.
- Repaid in installments. Once you receive a lump sum of cash, you’ll make equal payments in the required timeframe.
- Higher interest rates for bad credit. Because lenders are taking a bigger risk if you have bad credit, you’ll pay higher rates. Rates are typically between 18% - 35%.
- No prepayment penalties. You can pay off this entire loan or make extra payments any time without fees.
Basic installment loan eligibility requirements
- Have proof of a steady source of income (such as CCB). You’ll usually need to show bank statements to prove that you can pay back your loan on time.
- Have a working bank account. You’ll have to submit your bank account details to organize payment (and ensure repayment of your loan).
- Submit to a credit check. Unlike payday loans, which sometimes don’t require a credit check, you’ll usually need to prove that you have a decent credit score to qualify for an installment loan. Keep in mind that some lenders provide installment loans specifically for bad credit.
Your third option: Cash advance apps that accept child tax credit
Cash advance apps are a legitimate option in Alberta if you’d like to avoid payday loans or don’t qualify for an installment loan. Here’s what you need to know about them:
- Small loan amounts. Borrow up to $500.
- Flexible repayment terms. Cash advance apps are more lenient than payday lenders. You can extend the due date or repay any time without penalty.
- Bank account required. You’ll need an active bank account so lenders can verify your identity and income.
- Highly rated apps. Lenders have iOS, Android and/or web apps available for easy online applications and funding. They score between 4 and 5 stars, with thousands of downloads.
- Instant 24/7 loans. Like payday loans, it’s possible to get instant approval and e-Transfer funding any time.
- Easy eligibility requirements. Lenders can accept any recurring income paid into your bank account, such as child tax credit, and they don’t do credit checks.
What to consider before you apply
- Check your budget first. Before committing to more debt, do some number crunching to make sure you have the leeway in your monthly budget to make loan repayments. Payday loans must be repaid within 42 - 62 days while installment loans could keep you in debt for months or years.
- Ask for a fee breakdown. Don’t rush into signing up for a loan. Instead, take stock of the true cost of borrowing, including the interest you’re being charged, origination fees and other costs of installment loans. If you want the option to repay some or all of your loan early, check that the lender you’re working with won’t charge prepayment penalties. If you get a payday loan, the lender cannot charge you any origination fees or prepayment penalties.
- Improve your credit score. If time is on your side, try your best to improve your credit score so you can secure a lower interest rate if you’re applying for an installment loan. This will save you money on interest over the lifetime of your loan.
- Get up to speed on provincial regulations. If you’re getting a payday loan, become familiar with the rules for payday loans in Alberta. This way, you’ll know whether a lender is trying to scam you with excessive fees or other illegal practices.
- Be aware of scams. Be wary of providing your personal and financial details when searching for online child tax loans in Alberta. Become familiar with personal loan scams and payday loan scams.
How to apply for online child tax loans
If you’re ready to apply for a loan, follow these steps:
- Apply online. Head to the lender’s website to complete the application process. Whether you’re applying for an installment loan, cash advance or payday loan, the process shouldn’t take more than 10 minutes.
- Get a decision. In most cases, you should hear back within minutes of submitting an application.
- Verify your information. If needed, submit any documents your lender may require, such as government-issued photo ID and bank statements.
- Receive your contract. Review the terms of your loan. If you’re happy with the contract, sign on the dotted line and gain access to your funds via direct deposit or e-Transfer.
Instant bank verification
During the application process for child tax loans in Alberta, your lender may prompt you to log in to your online bank account via a pop-up screen on the application page. You can select your bank from a range of options, then log in. This is called instant bank verification, and it helps lenders validate that your bank account is open, in good standing and has the recurring income to keep up with loan repayments.
How will I get my loan funds?
If you apply online for child tax loans, you can get your money via e-Transfer or direct deposit. E-Transfer is the faster option; you can receive it within minutes after you submit your signed contract. If you opt for direct deposit, it may take one or two business days for the money to be deposited into your account.
Canada Child Benefit payment dates in 2026
Lenders usually withdraw loan payments on the day borrowers get paid. This means your lender could withdraw payments on the following dates.
- January 20, 2026
- February 20, 2026
- March 20, 2026
- April 20, 2026
- May 20, 2026
- June 19, 2026
- July 20, 2026
- August 20, 2026
- September 18, 2026
- October 20, 2026
- November 20, 2026
- December 11, 2026
Bottom line
Between payday loans, cash advances and installment loans, Albertans have options for using their child tax benefits as income to qualify for a loan. Your job is to decipher whether adding debt to your budget is a wise choice. If you decide that it is, make sure you compare lenders, their interest rates, terms and eligibility requirements. And bear in mind that payday loans should be used as a last resort option. Consider alternatives to a payday loan before applying for one.
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