Payday loans in Ottawa are a go-to option for many people with bad credit, but they’re far from the only choice available. If you’re searching for a more affordable loan or repayments that are easier to manage, a cash advance app, installment loan or car title loan could be the answer. Keep reading to compare bad credit loans in Ottawa so you can get your money fast.
Payday loans in Ottawa
iCash: Easy-to-use payday loan app with 24/7 instant funding
No matter the time of day, month or year, if you need a payday loan, iCash is ready to help. This online payday lender accepts and approves applications 24/7, and there's no credit check needed to apply. You can apply online or via a user-friendly app, and if approved, you'll get your money via e-Transfer within minutes. And if you need any help with your loan, iCash also offers 24/7 customer support.
Accepts a wide range of income types
Instant decisions
Get funded 24/7 within minutes
Bad credit won't stop you from getting a loan
4.7/5 based on 2,800+ Trustpilot reviews
You'll be charged $14 per $100 borrowed
Very short repayment period
Loan Amount
$100 – $1,500
Loan Term
7 - 62 days
Cost
$14 per $100 borrowed
Serviced Provinces
AB, BC, MB, NB, NS, ON, PEI
Speed
As little as 2 minutes with Interac e-Transfer
Credit Check
Yes
Requirements
- At least 18 years old (for applicants in Alberta, Manitoba, Ontario and PEI) - At least 19 years old (for applicants in British Columbia, New Brunswick and Nova Scotia) - Canadian resident in a province that iCASH services - Valid cell phone number, address and email address - Net income of at least $800/month deposited into bank account - Receiving the same source of income for the past 3 months - Have a Canadian bank account that's been open for at least 3 months with online banking
If you're in steady employment but need some extra cash to cover an emergency expense, Wagepay can help. This new payday lender offers loans 24/7, with a five-minute application process online or via a mobile app. Wagepay provides payday loans in Ottawa with no credit checks, so bad credit won't stop you from getting a loan, and you can get your money via e-Transfer in a matter of minutes.
Get funded 24/7
No credit checks
Fast access to your money by e-Transfer
No late fees
User-friendly mobile app
You'll need to receive employment income to qualify for a loan
Very expensive
Short repayment period
Loan Amount
$100 – $1,500
Loan Term
Up to 62 days
Cost
$14 per $100 borrowed
Serviced Provinces
BC, ON
Speed
As little as 2 minutes with Interac e-Transfer
Credit Check
No
Requirements
- Be at least 18 years old in Ontario or 19 in BC - You must live and work in Canada - You must be employed and receive a regular, consistent income from your employer of at least $400/week ($1,600/month) - You must leave enough of your income each pay cycle in your account to be able to repay an advance - You must have a generally good banking history
If you're searching for bad credit loans in Ottawa with minimal eligibility requirements, KOHO Cover might be a perfect fit. There are no employment or minimum income requirements to qualify for a cash advance from KOHO, nor will you need to pass a credit check. You also have the flexibility to repay what you borrow at any time, unlike payday loans. KOHO Cover cash advances are interest-free, but you'll pay a monthly fee starting at $2.
Instant access to funds
Apply without a credit check
No interest charges or NSF fees
Lenient eligibility criteria
Maximum advance amount of $250
Monthly KOHO plan fee (waivable)
KOHO Cover subscription fee
Costs
0% + monthly fee from $2
Loan Amount
$20 – $250
Loan Term
Flexible
Credit Check
No
Turnaround Time
Immediately
Requirements
KOHO account—access higher loan amounts over time by using KOHO for everyday spending, repaying your monthly fees and using its other services
Serviced Provinces
All provinces and territories
Apple App Store Rating
4.8
Google Play Rating
4.3
Nyble: Low-cost, no credit check loans that build credit
If you have limited credit history or poor credit, Nyble's small lines of credit of up to $250 are designed with you in mind. You can apply online or via a mobile app with no credit check, and you can get funded instantly if you sign up for a paid monthly subscription. You can then use the line of credit funds however you wish, and when you make on-time payments towards your loan balance, Nyble will report them to the credit bureau to help you build your credit history and score.
Could help improve your credit score
Instant funding available
No interest charges to worry about
Free credit score tracking
4.8/5 stars based on 7,800+ Trustpilot reviews
You can only borrow up to $250
Funding with a free account takes up to three business days
Late payments are also reported to the credit bureau
Costs
0%
Loan Amount
$30 – $250
Loan Term
31 days, extendable
Credit Check
No
Turnaround Time
1-30 minutes with a paid membership or 1-3 business days with a free membership.
Requirements
You must be 18 years or older and have a minimum monthly income of $1,000.
Bree offers cash advances of up to $500 to help you cover unexpected expenses and avoid bank overdraft fees. You can apply within minutes online or via Bree's highly rated mobile app, and the fact that you don't have to complete a credit check makes this a solid option if you're searching for bad credit loans in Ottawa. And the best part is that not only will you not pay any interest on the money you borrow, but if you don't mind waiting up to three business days to get funded, there are no fees to pay either.
No interest charges
No mandatory fees
Apply in minutes with no credit check
Get an instant decision
Tips are optional
4.7/5 based on 6,400+ Trustpilot reviews
Maximum advance amount of $500 may not be enough for your needs
Monthly subscription fee if you want instant access to funds
A transfer fee also applies to instant transfers
Costs
0%
Loan Amount
$20 – $500
Loan Term
Next pay cycle (90 days max)
Credit Check
No
Turnaround Time
Receive funds within 5 minutes with express delivery (the fee is based on the advance amount) and within 1 to 3 business days for standard delivery.
Requirements
You must have a bank account with regular income deposits and a Visa or Mastercard debit card with a CVV
Serviced Provinces
All provinces and territories
Apple App Store Rating
4.8
Google Play Rating
4.9
Installment loans in Ottawa
Spring Financial: Private lender with fast online funding
Spring Financial offers private loans in Ottawa for borrowers with all types of credit. These unsecured installment loans are available in amounts of up to $35,000, with repayment periods ranging from 6 - 84 months. Spring Financial also offers a 100% online application process, and you can get approved and funded the same day via e-Transfer. You can then repay your loan on a bi-weekly or monthly basis, plus pay your loan off early without penalty.
Loans of up to $35,000 available
Flexible repayment options
Completely online application process
Same-day funding
Payments reported to the credit bureaus to help you build credit
High rates for bad credit
Borrowers with good to excellent credit could find a lower rate elsewhere
Loan Amount
$500 – $35,000
APR Range
9.99% – 35%
Loan Term
6 - 84 months
Serviced Provinces/Territories
All of Canada
Turnaround Time
Within 24 hours
Min. Credit Score
550
Fees
No fees except $30 NSF fee
Requirements
Min. income of $2,000, min. credit score of 550, 3+ months employed
Loans Canada: Loan search platform with 60+ lenders
If you're searching for installment loans, Loans Canada makes it easy to compare offers from a network of 60+ lenders. When you fill out an application on this loan search platform, you're then matched with lenders who are willing to offer you a loan. You can compare the offers, find one you like and complete the application with the lender of your choice. There's a wide range of loan types available too, along with lenders who work with borrowers who have good or bad credit.
Easy way to compare multiple loan offers
Options for good and bad credit
Wide range of loan types available
Large network of lenders
Not a direct lender
High rates for bad credit
It could take up to three business days to get funded
Loan Amount
$500 – $50,000
APR Range
8.99% – 35%
Loan Term
4 - 60 months
Serviced Provinces/Territories
All of Canada
Turnaround Time
Receive funds in as little as 24 hours.
Min. Credit Score
300
Fees
No application, origination or brokerage fees
Requirements
Canadian resident, age of majority in your province of residence
Car title loans in Ottawa
Pit Stop Loans: No credit check car collateral loans
Pit Stop Loans offers car title loans in Ottawa of up to $25,000. If you own a vehicle that meets the Pit Stop Loans eligibility criteria, you can apply online and use the title to your vehicle to secure the loan. There are no credit checks, and you can get approved and funded the same day you apply. Loan terms of up to 60 months are available, and you also have the option to pay your loan back early without penalty.
Bad credit won't stop you from getting a loan
Get funded the same day
No credit checks
No penalties for early repayment
You could lose your car if you can't make repayments
Watch out for high rates
Vehicle check, lien search and vehicle inspection fees apply
You'll need to own a vehicle to qualify
Loan Amount
$1,000 – $25,000
APR Range
8% – 29%
Loan Term
N/A
Fast Action Finance: Car equity loans with same-day funding
If you're searching for car equity loans in Ottawa, Fast Action Finance is worth checking out. Established in 1997, this car title lender offers loans of up to $25,000. You don't need to be employed or undergo a credit check to qualify for funding, and you can also get approved and funded the same day. You then get to keep using your vehicle while you pay off the money you borrow.
Get your money the same day
Bad credit is OK
Online application and approval process
No job required
You need to own a vehicle no more than nine years old
Watch out for high rates
You could lose your car if you can't make repayments
Loan Amount
Up to $25,000
APR Range
Undisclosed
Loan Term
Not available
Serviced Provinces/Territories
British Columbia, Alberta, Saskatchewan and Ontario
Turnaround Time
Within 24 hours
Requirements
Vehicle must be nine years old or newer and have less than 200,000km mileage. There must not be any money owing on the car and it must not be leased.
Very expensive (you’ll be charged $14 for every $100 borrowed)
Short repayment periods
Risk of getting trapped in a cycle of debt
Cash advance apps
No credit checks
Lenient income requirements
Instant funding available
No interest charges or late fees
Flexible repayments
Small loan amounts
Fee applies for instant funding
Free cash advances take up to three business days
Installment loans
Bad credit is OK
Large loan amounts
Flexible repayment schedules
Longer repayment periods make it easier to budget for payments
High rates for bad credit
Watch out for loan fees
Longer loan terms mean you pay more interest
Car title loans
Easy to qualify for
Bad credit is OK
Borrow up to 50% of the value of your vehicle
Get funded the same day
Increases your chances of approval
High interest rates
Several fees may apply
You need to own an eligible vehicle outright
You could lose your car if you can’t make repayments
Tips to increase your odds of approval with fair or bad credit
Boost your chances of qualifying for fair and bad credit loans in Ottawa with these simple tips:
Pay down your debt. If you already have a payday loan or other short-term loan debt, this will hurt your chances of approval. That’s why you should pay off other debts before you apply.
No NSF transactions. Waiting until you have no NSF transactions in your bank account history for at least 60 to 90 days will help convince the lender that you are disciplined enough to manage loan repayments.
Rebuild your credit. If you can afford to wait a while before borrowing money, taking steps to improve your credit score will ensure that you’re more likely to be approved. Reducing your credit utilization ratio and disputing any inaccuracies in your credit report are just two of several simple things you can do to boost your score.
Choose the right lender. Before you apply, check the lender’s eligibility requirements to make sure they’re willing to work with borrowers in your position.
Apply with a cosigner. If you’ve got a relative or friend with excellent credit who is willing to cosign your loan, you’re much more likely to be approved.
Provide collateral. If you can provide collateral and take out a secured loan, this reduces the risk for the lender and increases your chances of approval. That’s why loans like car title loans may be easier to qualify for.
Bottom line
If you need a bad credit loan in Ottawa, there are plenty of options worth considering. The right type of loan for you will depend on factors like how much you need to borrow and what sort of repayment schedule will best suit your income. From cash advances and installment loans to car title loans and payday loans in Ottawa, compare a range of loan types and lenders before deciding where to apply.
Frequently asked questions
Yes, there are several lenders that offer no credit check payday loans in Ottawa, such as Wagepay, Credit Club Loans, Money Mart and Mr. Payday. Instead of checking your credit history, these lenders will check whether you have enough income to afford to repay a loan.
You have several options to choose from if you want to get a loan without completing a credit check. Payday loans are a popular option, but they're also very expensive and have short repayment periods. Cash advance apps are an affordable, interest-free alternative if you only need to borrow a small amount, while there are also plenty of online lenders that offer short-term installment loans with no credit check. And if you own your vehicle outright, you can also consider applying for a car title loan.
No. A lender will need to assess your income and financial situation before deciding whether you can afford to repay your loan. Advertising "guaranteed approval" could also be a sign of a personal loan scam, so proceed with caution if you come across a lender making promises that sound too good to be true.
Yes, multiple payday lenders use automated systems that allow them to assess and approve loan applications 24/7. If your application is successful, you will usually receive the funds within minutes via e-Transfer.
Tim Falk is a freelance writer for Finder. Over the course of his 15-year writing career, he has reported on a wide range of personal finance topics. Whether you're investing in stocks and ETFs, comparing savings accounts or choosing a credit card, Tim wants to make it easier for you to understand. When he’s not staring at his computer, you can usually find him exploring the great outdoors.
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