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Compare no credit check loans in Canada

Got bad or no credit? These lenders of no credit check loans have other ways to review and approve your application.

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 come with higher interest rates and fees.

Keep reading to find out about no credit check loan options you can choose from, how they work and how much they cost.

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Can you get a no credit check loan in Canada?

Yes. Many lenders offer no credit check loans in Canada—but be careful as scammers sometimes use the taglines “no credit check” and “guaranteed approval” to lure borrowers who are in desperate financial situations and steal their money.

To find a legitimate lender, make sure they’re licensed to operate in your province and read online customer reviews for any red flags. You can also check out our list of legitimate lenders below.

Compare private personal loans with no credit check

Loans Canada: Loan search platform with a large lender network

Loans Canada Personal Loan
Finder Score:
★★★★★
Customer Survey:
★★★★★
Go to site Read review

$300 – $50,000

Loan Amount

9.9% – 46.96%

APR

4 - 60 months

Term

Based in Toronto, Ontario, Loans Canada is a loan search platform with a large network of private lenders in Canada. These lenders offer options for borrowers with bad or no credit.

Is it easy to get with no credit check?

Loans Canada will match you with lenders that are most likely to approve you based on your profile. You could get results for both types: lenders that do credit checks and lenders that don't.

Other details

  • Serviced provinces: All of Canada
  • Eligibility requirements: Canadian resident, age of majority in your province of residence
  • Speed: Instant pre-approval, funding within 24 to 48 hours
  • Find out your matches with no impact on your credit score
  • Fast approval and funding
  • Easy online application
  • Large lender network
  • BBB accredited with an A+ rating
  • High rates for bad credit
  • You can only access quotes from Loans Canada's partner lenders
  • Some of your matches may run a credit check. You'll need to withdraw consent if you don't want a credit check.
Loan amount $300 – $50,000
APR 9.9% – 46.96%
Term 4 - 60 months
Min. credit score 300
Fees No application, origination or brokerage fees
Turnaround time Receive funds in as little as 24 hours.
Serviced provinces All of Canada

LoanConnect: Loan search platform for all types of borrowers

LoanConnect Personal Loan
Finder Score:
★★★★★
Customer Survey:
★★★★★
Go to site Read review

$500 – $60,000

Loan Amount

8.99% – 46.96%

APR

3 - 120 months

Term

LoanConnect is an online loan search platform that can help you find a personal loan with easy approval from its network of lenders. It's based in London, Ontario.

Is it easy to get with no credit check?

LoanConnect is partnered with alternative lenders that do credit checks as well as those that don't. In any case, it'll only match you with installment loans suited to your financial situation.

Other details

  • Serviced provinces: All provinces
  • Eligibility requirements: Canadian citizen or permanent resident, age of majority in your province of residence, current debts must total less than 60% of your income
  • Speed: Instant pre-approval, funding within 24 to 48 hours
  • Easy to apply for and compare loans
  • Fast access to funds
  • Loans from multiple lenders
  • DTI ratio of up to 60% accepted
  • BBB accredited with an A+ rating
  • LoanConnect is a broker, not a direct lender
  • High rates for bad credit
Loan amount $500 – $60,000
APR 8.99% – 46.96%
Term 3 - 120 months
Min. credit score 300
Fees No application, origination or brokerage fees
Turnaround time Receive funds in as little as 24 hours.
Serviced provinces All provinces

Compare no credit check loans with instant approval

Nyble: Small credit line with instant approval and funding 24/7

Nyble Credit Line
Not yet rated
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$30 – $250

Loan Amount

Starting at 0%

APR

30 days, extendable

Term

Nyble entered Canada in 2022 and has an office in Toronto, Ontario. Apply online for an interest-free line of credit of up to $250 to cover small expenses and build your credit. Get funds in 1-3 business days with a free account. For $11.99 per month, get access to premium services, including funding in 1-30 minutes, a free Equifax credit report and identity theft protection.

Is it easy to get with no credit check?

Nyble is one of the easier no credit check lines of credit to get because it's different from a traditional line of credit. Nyble's limit is only $250, and you can't borrow more money until you pay off your loan balance.

Other details

  • Serviced provinces: All provinces and territories
  • Eligibility requirements: You must be 18 years or older, have an active bank account with minimal NSF transactions and satisfy income requirements.
  • Speed: 1-30 minutes with a paid membership or 1-3 business days with a free membership.
  • Direct lender
  • Quick and easy application
  • No interest
  • No late fees
  • $11.99/month for premium membership with instant transfers, full credit report and other premium perks
  • Low maximum loan amount of $250
Loan amount $30 – $250
APR Starting at 0%
Term 30 days, extendable
Fees 0% interest and no fees to access credit, optional $11.99/month membership for premium services like instant funding
Turnaround time 1-30 minutes with a paid membership or 1-3 business days with a free membership.
Serviced provinces All provinces and territories

KOHO Cover: Instant cash advance with no job requirements

KOHO Cover
Not yet rated
Go to site Read review

$20 – $250

Loan Amount

Starting at 0%

APR

Flexible

Term

Toronto-based fintech company KOHO offers various financial products, including no credit check cash advances. Get a zero-interest cash advance ranging from $20 to $250 when you pay a subscription fee starting at $2/month. You'll need a KOHO account to access this service.

Is it easy to get with no credit check?

KOHO is one of the easier no credit check loans to get. It offers small amounts and has no income requirements. However, you'll need a KOHO account to access the loan, which comes with a monthly fee.

Other details

  • Serviced provinces: All provinces and territories
  • Eligibility requirements: KOHO account—access higher loan amounts over time by using KOHO for everyday spending, repaying your monthly fees and using its other services
  • Speed: Immediately
  • Direct lender
  • No interest
  • No late fees
  • Access via the KOHO app or an ATM
  • You'll pay a subscription fee starting at $2/month
  • Small loan amounts
Loan amount $20 – $250
APR Starting at 0%
Term Flexible
Fees subscription fee starting at $2/month
Turnaround time Immediately
Serviced provinces All provinces and territories

Bree: Cash advance with instant approval and funding 24/7

Bree Early Pay
Not yet rated
Go to site Read review

$20 – $350

Loan Amount

Starting at 0%

APR

Next pay cycle (61 days max.)

Term

Vancouver-based lender Bree offers cash advances of up to $350. There's no credit check, and you can apply within minutes. You're not charged interest on the money you borrow, but there's a $2.99 monthly membership fee plus a small extra fee if you want to access your money instantly.

Is it easy to get with no credit check?

Bree cash advances are one of the easier no credit check loans to get because you can only borrow a small amount. Lenders are more likely to approve small loans than large loans.

Other details

  • Serviced provinces: All provinces and territories
  • Eligibility requirements: You must be 18 years or older, a Canadian resident and have a Canadian bank account that receives regular income.
  • Speed: Receive funds within 5 minutes with express delivery (the fee is based on the advance amount) and up to 3 business days for standard delivery.
  • Direct lender
  • Easy to apply
  • 0% interest
  • No late fees
  • You'll have to pay a $2.99 monthly membership fee
  • An extra fee applies if you want an instant transfer
  • $350 loan amount may be too small for some
Loan amount $20 – $350
APR Starting at 0%
Term Next pay cycle (61 days max.)
Fees 0% interest for cash advances but a $2.99 monthly membership fee applies, fee for express funding (varies based on advance)
Turnaround time Receive funds within 5 minutes with express delivery (the fee is based on the advance amount) and up to 3 business days for standard delivery.
Serviced provinces All provinces and territories
⚠️ Warning: Be cautious with payday loans
High-cost payday loans are unsustainable for borrowing over a continued period of time and are expensive as a means of longer-term borrowing. View payday costs and regulations by province here. If you're experiencing financial hardship call 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 easy approval payday loans

Wagepay: Lower-cost payday loans with no credit check

Wagepay Wage Advance Loan

$100 – $1,500
Loan amount
7 – 62 days
Loan Term
2 minutes
Min. Turnaround Time

Wagepay first launched in Australia in 2020 and expanded to Canada in 2023. It's a direct lender of payday loans with lower fees than standard payday loans. However, it's still an expensive option.

Is it easy to get with no credit check?

Wagepay does not do credit checks. As long as you earn $1,600 per month and have room in your income to repay a loan, you have a decent chance of getting approved.

Other details

  • Serviced provinces: BC, ON
  • Eligibility requirements: $1,600 min. monthly income, no NSF transactions in bank account
  • Speed: As little as 2 minutes with Interac e-Transfer

  • Direct lender
  • 24/7 instant funding
  • Bad credit is okay
  • App available
  • Expensive
  • Short repayment terms
Loan amount $100 – $1,500
APR Varies by province
Term Up to 62 days
Min. Turnaround time As little as 2 minutes with Interac e-Transfer
How to apply Online
Credit Check No

iCash: Instant 24/7 payday loans

iCash Payday Loan

$100 – $1,500
Loan amount
7 – 62 days
Loan Term
2 minutes
Min. Turnaround Time

iCash is one of the most popular direct payday lenders in Canada, providing instant payday loans day and night thanks to its automated systems.

Is it easy to get with no credit check?

iCash does credit checks, but it's a lot less strict than traditional lenders. It does not base its decisions solely on your credit score. So, even if you have poor credit, you can still get approved for an iCash loan.

Other details

  • Serviced provinces: AB, BC, MB, NB, NS, ON, PEI
  • Eligibility requirements: $800 min. monthly income
  • Speed: As little as 2 minutes with Interac e-Transfer

  • Payday loan in an hour or less
  • Bad credit is okay
  • Convenient app
  • Very expensive
  • Short repayment terms
Loan amount $100 – $1,500
APR Varies by province
Term 7 - 62 days
Min. Turnaround time As little as 2 minutes with Interac e-Transfer
How to apply Online
In Store
Credit Check Yes
Maximum borrowing costs of payday loans per province
Always refer to your contract for exact repayment amounts and costs.
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 $15 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

Common features of loans with no credit check in Canada

Loans with no credit check share these features:

  • Bad credit is okay. Since there’s no credit check involved, it’s possible to get fast or instant approval even with poor credit.
  • Very expensive. Since lenders take on more risk by not checking credit scores, they charge higher rates and fees.
  • Small loan amounts. Since no credit check loans are riskier, lenders typically provide small loans only, unless you provide your car as collateral.

Risks of no credit check loans

There are a few key risks you should be aware of before applying for any no credit check loan in Canada:

  • High rates and fees. No credit check loans come with much higher interest rates than regular loans, which can greatly increase the cost of borrowing. Administration, broker, NSF, late payment fees and other charges may apply, so read the fine print thoroughly.
  • Short loan terms. Payday loans and other no credit check loans have short repayment terms. If you fail to pay off your loan by the due date, you can incur additional fees and interest charges that could trap you in a cycle of debt.
  • Sketchy lenders and scams. Illegitimate lenders sometimes use the phrase “no credit checks” to prey on people experiencing severe financial difficulties. Do your research to make sure you only ever deal with reputable lenders. Check out our guides on personal loan scams and payday loan scams for more information.
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Find out the APR of your no credit check loan

If you want to find the best no credit check loans in Canada, be sure to look for annual percentage rates (APRs). The APR is the interest rate plus all fees you must pay to get the loan, such as broker, appraisal and title search fees. Showing the APR is required by law.

Some lenders might only promote the interest rate and hide the APR in the fine print to make a no credit check loan seem less expensive. Carefully review your loan agreement so you’re aware of all costs involved.

What are the best no credit check loans?

Comparing features that are your top priorities can help you find the best no credit check loans in Canada. We break down key features of popular no credit check loan types below.

FeatureNo credit check installment loanNo credit check cash advanceNo credit check payday loan
CostPay around 30% interest plus a surety or broker fee of up to $300.No interest, but you may pay a subscription fee$14 to $17 for every $100 borrowed
Loan amountLess than $2,000$20–$350$100–$1,500
Loan termLess than 12 monthsNext pay cycle or flexibleUp to $1,500 days
Basic eligibility criteriaRecurring income, bank account with minimal NSF transactionsRecurring income, bank account, good banking historyRecurring income, bank account
Collateral requiredNo, this loan is unsecuredNo, this loan is unsecuredNo, this loan is unsecured
SpeedWithin 24 to 48 hoursInstant approval and fundingInstant approval and funding
Application processEasy—apply online, get a nearly instant decision and get funded within 24 to 48 hoursEasy—apply on the website or download the app, get an instant decision and get instant fundingEasy—apply online or in-store, get an instant decision and get instant funding
Pros
  • Break up payments into installments
  • Fast process
  • High loan amounts
  • Non-employment income sources like government benefits are okay
  • Apps available
  • 24/7 availability
  • Quick and easy process
  • Extendable deadlines
  • No late fees
  • Accepts non-employment income
  • 24/7 availability
  • Options to apply online or in-store
  • Quick and easy
  • High loan amounts
Cons
  • High rates and fees
  • Potential for scams
  • Monthly subscription fee
  • Potential extra fee for instant funding
  • Small loan amounts
  • Extremely expensive
  • Late fees and NSF fees
  • Short loan terms that cannot be extended
Guaranteed approvalNo, but requirements are lenientNo, but requirements are very lenientNo, but requirements are very lenient
Avoid ifYou don’t need emergency cash and you’re not sure if the lender is legitYou need large amounts or don’t want to pay a monthly feeYou have alternatives available or you’re not sure the lender is legit
Learn moreBest installment loansBest loan appsBest payday loans
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Expert insight

"While you may need the money quickly, it’s important to make sure you’re getting a no credit check loan from a legitimate source. Do your research and due diligence to make sure you’re truly being helped."

Editorial Review Board

Other ways to borrow money without a credit check

Auto title loans

  • How it works: Car title loans allow you to take out a loan using your paid-off vehicle as collateral. This means you could access higher loan amounts and better rates than with an unsecured loan, but you run the risk of your car being repossessed if you default on the loan.
  • How much you can borrow: 25% to 50% of your car’s value up to $50,000
  • How much it costs: 9%–49% APR

Who are no credit check car title loans best for?

  • Apply for no credit check car title loans if you own your car outright, it’s less than 10 years old and you want to secure a high loan amount and competitive interest rate.
  • Avoid no credit check car title loans if you’re not sure you can afford to repay the loan – if you default on the loan, you will lose your car.

Pawn shop loan

  • How it works: With a pawn shop loan, you provide a valuable item (such as jewellery or current electronics) as collateral. You’ll get your item back once you repay the loan plus interest. However, high interest rates and fees may apply. You also run the risk of your item being sold if you can’t make repayments.
  • How much you can borrow: 20% to 60% of the item’s resale value.
  • How much it costs: Interest of 5% to 30% commonly applies. You may also need to pay insurance and storage fees.

Who are no credit check pawn shop loans best for?

  • Apply for no credit check pawn shop loans if you have a valuable asset you can use as collateral and you’re looking for a lender with lenient eligibility criteria.
  • Avoid no credit check pawn shop loans if you can’t afford repayments. High rates and fees can apply, and you’ll lose your asset if you default on the loan.

Credit card cash advance

  • How it works: A credit card cash advance allows you to withdraw cash from your card balance via an ATM or at your bank. It’s a simple and convenient way to access money, but you’ll need to pay a cash advance fee as well as high interest rates.
  • How much you can borrow: Varies depending on the card issuer and your credit limit. Many card providers have maximum daily cash advance limits of $500 or less.
  • How much it costs: Cash advance fee of approximately $10 or 5% of the transaction cost. You’ll also need to pay interest at an APR of 22.99% or higher.

Who are credit card cash advances best for?

  • Consider credit card cash advances if you need fast and convenient access to cash without applying to a new provider.
  • Avoid credit card cash advances if you’re already struggling with credit card debt. Credit card cash advances come with steep rates and fees that could put you in a worse financial situation.

Are you in a stronger financial position than you were 12 months ago?

If you’re struggling with finances, you’re not alone. In the Finder: Consumer Sentiment Survey January 2024, Canadians were asked whether they were in a stronger financial position now compared to 12 months ago. While 33% of Canadians said “Yes,” there were 27% who said “No.”

Bottom line

You have many options in Canada for no credit check loans, and it’s quick and easy to apply. However, most have steep interest rates and fees. Before you apply for a no credit check loan, evaluate the risks and your alternatives first.

Frequently asked questions

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To make sure you get accurate and helpful information, this guide has been edited by Romana King and reviewed by Sean Cooper, a member of Finder's Editorial Review Board.
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Written by

Publisher

Leanne Escobal is a publisher for Finder. She has spent over 11 years working with financial products and services, specializing in content and marketing. Leanne has completed the Canadian securities course (CSC®) as well as the personal lending and mortgages course by the Canadian Securities Institute. She has a Bachelor of Arts (Honours) in English literature and creative writing from Western University. See full bio

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Co-written by

Writer

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. See full bio

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