Related: Short-term loans in Canada
Crisp Loans: Pros, cons & alternatives
Get a short-term personal loan as soon as the same day with no credit checks, but watch out for high rates and fees.
Crisp Loans is a Quebec-based online brokerage that aims to help Canadians with all types of credit find short-term personal loans. You can apply online with no credit check, so bad credit won’t stop you from getting a loan. Loans of up to $1,000 are available, and you can get approved and funded within 24 hours. You have up to 90 days to repay what you borrow, while you also get the flexibility of being able to pay off the loan early without penalty.
But lenders that work with Crisp Loans have high interest rates of 28% to 32%, and you’ll also have to pay a brokerage fee to qualify. So, if you have strong credit, you may be able to find a more affordable loan elsewhere.
Is Crisp Loans legit in Canada?
We can’t confidently say they’re legitimate. On the plus side, the Crisp Loans website features some of the hallmarks of a legit provider, including information on the loan APR and the cost of borrowing, a privacy policy, and terms of use. It has also received a Trust Score of 71/100 on scamadviser.com. A score between 61 and 80 means a site is likely safe.
However, its website doesn’t list any phone contact details, and there’s an extremely limited number of Crisp Loans reviews available online. We also couldn’t find a business registration in the Quebec government’s registry.
Alternatives to Crisp Loans
Pros and cons of Crisp Loans
- No credit checks. You don’t need to complete a credit check as part of the application process, so bad credit won’t stop you from getting a loan.
- Easy application process. You can apply for a short-term loan online in a matter of minutes.
- Fast approval and funding. You can get approved for a loan within an hour and then get funded within 24 hours.
- Early repayment allowed. Pay off your loan any time ahead of schedule without penalty.
- High interest rates. Loans taken out through Crisp Loans come with a high APR of 28% to 32%. Borrowers with good to excellent credit may be able to qualify for a lower rate elsewhere.
- Unclear brokerage fee. The Crisp Loans website states that you’ll be charged a brokerage fee if you take out a loan, but the fee amount is not specified.
- Other fees. Crisp Loans also charges an NSF fee of $45, and if you need to delay a payment, you’ll have to pay an administrative fee of $35.
- Not suitable if you’re self-employed. Crisp Loans does not provide loans for people who are self-employed. Learn more about loan options if you’re self-employed.
- Not a direct lender. Crisp Loans is a broker, not a lender, so you’ll be borrowing money from a third party.
Crisp Loans reviews
| Site | Details |
|---|---|
| Trustpilot | No Crisp Loans reviews available |
| No Crisp Loans reviews available | |
| BBB accreditation | No |
| BBB rating | N/A |
| BBB reviews | No Crisp Loans reviews available |
As of September 29, 2025
What do Crisp Loans reviews say?
We couldn’t find any Crisp Loans reviews on Trustpilot, Google or the Better Business Bureau. The only reviews we found were three reviews listed on scamadviser.com, with all three giving ratings of 1 out of 5.
Am I eligible?
To qualify for funding from one of Crisp Loans’ lending partners, you will need to:
- Be 18 years or older.
- Have an after-tax salary of at least $1,200 per month.
- Have been employed with the same employer for at least two months.
- Be a Canadian resident.
- Have a Canadian bank account.
- Get paid by direct deposit.
- Not be in a bankruptcy or a consumer proposal.
- Not be planning to declare bankruptcy or a consumer proposal.
How to apply for loans like Crisp Loans
Online lenders of short-term loans require you to provide your name, date of birth, contact details and desired loan amount. They typically don’t conduct credit checks and will instead request your income and employment information to determine your ability to repay what you borrow.
To verify your income, many lenders require instant bank verification, which allows them to view an electronic, read-only copy of your bank statement. This speeds up the approval process and removes the need to upload copies of your bank statements.
Crisp Loans’ application form asks for this sort of information as well. You’ll need to provide your:
- Name, date of birth and contact details
- Social Insurance Number and driver’s licence number
- Income and employment information
- Bank account details
Bottom line
Crisp Loans provides lenient eligibility criteria and fast access to funds. However, we can’t confidently say they’re legitimate because we couldn’t find a business registration or an acceptable online presence. Be aware that a high interest rate and an unclear brokerage fee amount will apply, and Compare Crisp Loans with a range of other lenders to find the right installment loan for you.
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