Have bad credit? Some alternative lenders work with borrowers in your situation, but be cautious of any lender that promises “guaranteed approval.” Responsible ones will always review your finances first to ensure you can repay the loan.
The lenders below have more flexible eligibility requirements, making approval more likely, but be prepared to encounter high rates or fees.
| Lender | Cost | Loan amount | Loan term | |
|---|---|---|---|---|
Cash Advance |
0% + monthly fee from $2 | $20 – $500 | Flexible | |
|
Exclusive
+ Get a $75 digital Visa card when you open and fund a new KOHO account online through Finder as a first-time customer. Become a Finder member in seconds for free. Keep the account open until February 15, 2027. Offer ends December 30, 2026. T&Cs apply. |
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Personal Loan |
8.99% - 35.00% | $500 – $50,000 | 3 - 120 months | Go to site |
Personal Loan |
9.99% - 35.00% | $500 – $50,000 | 3 - 60 months | Go to site |
Credit Line |
0% | $30 – $250 | 31 days, extendable | Go to site |
Cash Advance |
0% | $20 – $750 | Next pay cycle (90 days max) | Go to site |
| Licensed payday lender | Interest rate | Loan amount | Loan term | |
|---|---|---|---|---|
Payday Loan |
$14 per $100 borrowed | $100 – $1,500 | 7 – 62 days | Go to site |
Loans you can get online that are higher risk because of their easy criteria and steep interest rates include payday loans, cash advances, car title loans, installment loans and secured credit cards. Most of these are very expensive loans, so be sure to compare your options.
Bree and Nyble offer zero interest and no mandatory fees, making them a viable low-cost option.
You can get instant 24/7 funding with bad credit from the following providers:
iCash also provides 24/7 instant funds to people with bad credit, but it’s a payday loan, which is only suitable as a last resort.
No. Payday loans are one of the easiest loans to get, making them almost guaranteed, but lenders still need to review your finances before approving. Some use software to automate the process and give instant decisions 24/7.
KOHO advertises guaranteed eligibility for its KOHO Cover. It’s a real, well-known fintech that’s on its way to becoming a Schedule 1 bank.
Loan providers that offer nearly guaranteed installment loans are those that offer installment loans with loan terms shorter than six months.
These short-term loans have lower loan amounts, usually up to $1,000. They are payday loan alternatives and are easier to get approved for than installment loans with longer loan terms and higher loan amounts. However, watch out for an extra fee that lenders bake into your loan payments—they may call this a “surety fee,” “administration fee” or “brokerage fee.” This fee can be up to $300, and it’s the cost that comes with easy short-term loans with no credit check.
Not really, because your car still needs to meet the lender’s requirements. Usually, the lender will ask you to drive to one of their agents near you for a car evaluation, or one of their agents will come to you. Approval is based on your car, so it’s possible to get approved even if you have a poor credit score or low income.
Capital One and Neo Financial both claim high acceptance for their secured credit cards. You still need to meet some basic requirements though. For example, you must be 18 or 19 depending on your province, be a Canadian resident and provide a security deposit.
No credit check personal loans with guaranteed approval don’t exist. As mentioned above, lenders must assess your ability to repay before approving your application. Any company that promises guaranteed approval may be running a scam, so it’s best to steer clear.
That said, KOHO—a legitimate lender—is advertising “guaranteed approval” and “no credit check” for its cash advance product. Learn more about KOHO’s cash advance.
It’s worth considering alternatives before taking out an expensive new loan. Options include the following:
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.
To make comparing even easier, we came up with the Finder Score. Interest rates, fees and features across 5+ cash advance providers are all weighted and scaled to produce a score out of 10. The higher the score the better the loan—simple.
Loans with 100% approval for poor credit sound too good to be true, and they usually are. Steer clear of any lender that promises guaranteed loan approval, and consider the almost guaranteed approval alternatives listed above. Make sure to compare a range of loan options, and make sure you can afford to repay what you borrow before you apply.
What to expect when you search for a personal loan with loan search website Smarter Loans.
How to access flexible financing with a line of credit in Canada even if you have bad credit.
Compare a selection of loans like easyfinancial.
Compare the best online loans in Canada to suit any borrowing needs.
Can you apply for a loan with Employment Insurance as income? Compare lenders offering EI loans and apply today.
Find out how to get a personal or payday loan if you receive a pension.
Here’s how to get a $500 loan to see you through until your next payday.
Need a $4,000 loan quickly? Whether you have good or bad credit, find out about your loan options in our guide.
Do you need a $2,000 loan quickly? Compare features, fees and more in our comprehensive guide.
