Nyble Credit Line
- Borrow from $30-$150 until your next paycheque
- No interest rates, instead you'll pay a membership fee of $4.99 - $7.99 per month
- Flexible repayment terms with ability to roll over loan to next month
Your bad credit history doesn’t have to stop you from getting a loan. From online personal loan lenders to payday lenders, credit card cash advances and more, there are several no credit check loans available. However, they all come with high interest rates.
Keep reading to find out about no credit check loan options you can choose from, how they work and how much they cost.
Loan provider | Interest rate | Loan amount | Loan term | Key features | Link |
---|---|---|---|---|---|
![]() Small credit line | 0% interest, but there is a $4.99 - $7.99/month membership fee | $30 – $150 | Flexible | Instant approval and funding within 30 minutes for a small fee | Go to siteLearn more |
Early pay | 0% and no fees | $20 – $250 | Next pay cycle | No interest, no fees, instant approval and funding, no credit check | Go to siteLearn more |
![]() Personal loan | 32.00% | $500 – $2,500 | 9 - 60 months | Instant pre-approval | Go to siteLearn more |
![]() Personal loan | 8.00% - 46.96% | $500 – $50,000 | 4 - 60 months | Instant pre-approval | Go to siteLearn more |
Car title loans | 9.95% - 31.99% | $1,000 – $50,000 | 48 - 72 months | Vehicle title loans, no credit check | Go to siteLearn more |
Car title loans | 14% - 49% | $3,000 – $25,000 | 24 - 60 months | Vehicle title loans, no credit check | Learn more |
![]() Car title loans | N/A | Up to $25,000 | Not available | Vehicle title loans, no credit check | Learn more |
![]() Car title loans | Not disclosed | Up to $25,000 | Up to 60 months | Vehicle title loans, no credit check | Learn more |
Installment loan | 19.99% - 46.80% | $1,500 – $20,000 | 12 - 60 months | Funding in 24 hours, no credit check | Learn more |
Installment loan | 15.00% - 26.00% + broker fee + $225 broker fee | $1,500 – $20,000 | 12 - 60 months | Funding in 24 hours, no credit check | Learn more |
Fair & Fast Loan | 19.00% | $100 – $2,500 | 2 weeks - 24 months | Eligibility based on income, no credit check | Learn more |
![]() Payday loan | Varies by province | $300 – $1,500 | Up to 62 days | Instant loans 24/7, no credit check | Learn more |
![]() Payday loan | Varies by province | $100 – $1,500 | Up to 62 days | Instant loans 24/7, no credit check | Learn more |
Payday loan | Varies by province | $100 – $1,500 | Up to 62 days | Instant loans 24/7, no credit check | Learn more |
![]() Payday loan | Varies by province | $100 – $1,500 | Up to 62 days | Funding in as little as 30 minutes, no credit check | Learn more |
Yes, you can. There are many online and storefront lenders that offer no credit check loans in Canada – but be careful.
Scammers and sketchy lenders sometimes use the “no credit check” tagline to lure borrowers in desperate financial situations. Scammers use it to steal your money and/or personal information while sketchy lenders use it to get you to take out a high-cost loan you can’t afford. With this in mind, make sure you do your research to find a reputable lender with loan payments you can manage.
To qualify for a no credit check loan, you’ll need to have a steady source of income. You’ll also generally need to have a debt-to-income (DTI) ratio of less than 40%, but some lenders may still be willing to offer you a loan if you have a higher ratio.
As you search for the best no credit check loans in Canada, be sure to find out their annual percentage rates (APR). APR is the interest rate plus all the fees you must pay to get the loan, such as broker, appraisal and title search fees.
Some lenders might only promote the interest rate to make the no credit check loan seem less expensive. This is why looking at the APR is key – it gives you a truer view of the loan’s cost and allows you to compare different loans.
Learn about each type of no credit check loan to figure out what’s best for you.
Get a loan that you’ll repay in installments, usually bi-weekly or monthly.
You have a few options to consider if you want a no credit check installment loan:
No. Be wary of lenders offering no credit check personal loans with guaranteed approval because this could be a scam. Legitimate lenders of no credit check installment loans do have easier requirements, but they still need to review your income and debts before approving you for a loan.
Lenders of no credit check personal loans will need time to manually look at your application, though it’s possible to get fast approval in less than an hour.
You can apply for a no credit check installment loan by completing the following steps:
LoanConnect is an online broker that can help you find a no credit check personal loan from its network of lenders.
Loans Canada is a broker with the largest lender network in Canada. It helps match you with lenders that provide loans suited to your needs, including options for bad credit borrowers.
24Cash is an online broker that offers fast short-term personal loans with no credit check. Same-day funding is available and 24Cash says it works with several lenders to help match borrowers with loans.
Credito is an online broker that provides access to same-day no credit check loans. You can take advantage of a paperless loan application, with funds deposited into your account via Interac e-Transfer.
Vancity is a credit union serving BC residents. As a credit union, it has stricter requirements than alternative lenders, but its Fair & Fast Loan has a lower interest rate.
Get an instant loan, but pay a high interest rate.
With payday loans, lenders generally see credit checks as just one way of deciding your loan eligibility, along with other factors such as your employment history, income and debt-to-income ratio.
Lenders are usually more concerned about your ability to repay the loan than your specific credit score number. So even if a payday loan lender does run a credit check and you have bad credit, it doesn’t necessarily mean you’ll be denied.
There are several risks and traps to be aware of before you apply for a payday loan.
Want to apply for a no credit check payday loan? Before you do, it’s worth considering a range of payday loan alternatives first.
If you decide a payday loan is the best option, here’s what you need to do to apply:
PAY2DAY is a payday lender that provides loans online and in-store. It offers fast access to the money you borrow, with online approvals and funding available 24/7.
Loan Express is an online payday lender that offers no credit check payday loans. You can apply 24/7 and take advantage of same-day funding. Some government benefits are accepted as income.
My Canada Payday is an online lender where you can access emergency payday loans. There’s no need to undergo a credit check to apply while you can complete an online application within minutes. Funds are distributed 24/7 via Interac e-Transfer.
Mr. Payday provides fast online payday loans with no credit check. Approvals are available within 30 minutes and loans are sent to you via email money transfer.
Province | Max. cost of borrowing a $100 payday loan | Cooling off period to cancel loan | Max. penalty for returned cheque or pre-authorized debit |
---|---|---|---|
Alberta | $15 | 2 business days | $25 |
British Columbia | $15 | 2 business days | $20 |
Manitoba | $17 | 48 hours excluding Sundays and holidays | $20 |
New Brunswick | $15 | 48 hours excluding Sundays and holidays | $20 |
Newfoundland and Labrador | $14 | 2 business days | $20 |
Nova Scotia | $17 | Next business day (2 days for online loans) | $40 (default penalty) |
Ontario | $15 | 2 business days | $25 |
Prince Edward Island | $15 | 2 business days | N/A |
Quebec | Limit of 35% AIR | N/A | N/A |
Saskatchewan | $17 | Next business day | $25 |
Get a small loan to avoid overdrafts or NSF transactions.
Once you’ve found a pay advance app that suits your needs, here’s how to apply:
Established in 2022, Nyble offers pay advances of $150 or less to help you get through to your next payday. You don’t need to complete a credit check to apply and there are no interest charges. However, Nyble charges a monthly subscription fee. You’ll also pay an extra fee if you want access to the funds within hours rather than days.
Payroll advance service Bree offers cash advances of up to $250. You can apply within minutes and with no need to undergo a credit check. There’s no interest charged on the money you borrow as well. However, you’ll need to pay a fee if you want to access your money quickly.
Use your paid-off car as collateral to get approved for a loan.
Once you’ve compared your options and found the right car title loan provider, it’s time to submit an application. Here’s how to apply for a no credit check car title loan:
getloanapproved.com offers no credit check car title loans with competitive interest rates. There are no job requirements which make the approval process easier.
Title Loans Online (titleloansonline.ca) offers car and motorhome title loans to Canadian drivers. You can apply online without a credit check and get pre-approved. Approval is based on the equity in your vehicle rather than your credit score.
Fast Action Finance offers quick and easy access to car title loans online. You can apply and get your money the same day and there are no upfront fees to worry about.
Car Title Loans Canada offers no credit check car loans online. You can apply and get approved for same-day financing. Cars, trucks, vans and SUVs are accepted.
Many pawn shops in Canada offer no credit check loans. Contact pawn stores near you to find out whether they offer no credit check loans or check out their website for more information.
You’ll also need to find out other key details about the loans they offer, such as:
It’s worth comparing multiple pawn shops to find flexible conditions and get the best deal.
If you want to apply for a pawn shop loan, here’s what you need to do:
Most credit cards allow cash advances, allowing you to withdraw cash from your card balance. This means that when you need money fast, you can simply use your credit card at an ATM or visit your bank to make a withdrawal.
There are also several other types of transactions that credit card providers classify as cash advances, such as:
If you’d like to withdraw cash from your credit card, here’s what you need to do:
There are two costs to be aware of when you get a credit card cash advance:
You pay off the cost of a credit card cash advance in the same way you pay off the rest of your card balance. However, be aware that if you only make the minimum payment each month, it will be applied to the portion of your balance that earns the lowest interest rate – not your cash advance.
The amount you pay above the minimum payment will either go towards the part of your balance that has the highest interest rate or be applied proportionally to your full card balance.
Loans with no credit check share these features:
There are a few key risks you should be aware of before applying for a no credit check loan in Canada:
How you get your loan amount will vary depending on the lender and how you apply for a loan. If you apply in person at a payday lending store or a pawn shop, you can collect your loan as cash.
However, if you apply online, the money can be sent directly to your bank account. Many online lenders can send the funds via email money transfer using Interac e-Transfer. This allows you to access the cash within minutes, which is handy when you need an emergency loan.
Compare the best bad credit loans in Canada. Apply online and get your loan within 24 to 48 hours.
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