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 higher 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.
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 no credit check payday loans
A no credit check loan that’s readily available is a payday loan. They’re extremely expensive though, so they’re only suitable as a last resort.
Loan provider
Interest rate
Loan amount
Loan term
Key features
Payday Loan
Varies by province
$300 – $1,500
Up to 62 days
Credit check required but has flexible criteria, offers instant approval and funding 24/7
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
Can you get a no credit check loan in Canada?
Yes, you can. Many online and storefront lenders offer no credit check loans in Canada – but be careful as scammers and sketchy lenders sometimes use the “no credit check” tagline to lure borrowers who are in desperate financial situations. They may also claim to guarantee approval on your loan. Scammers will steal your money, while sketchy lenders sell your personal information or convince you to take out a high-cost loan you can’t afford. Do your research to find a reputable lender with loan payments you can manage before signing any documentation.
To qualify for a no credit check loan, you’ll need to have a steady source of income. Ideally, you should have a debt-to-income (DTI) ratio of less than 40%, but some lenders are more lenient with this.
Find out the APR of the no credit check loan
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 more complete view of the loan’s cost and allows you to better compare different loans.
Types of no credit check loans you can get
Navigate to a type of no credit check loan to learn about how it works, benefits, risks and more.
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.
Small loan amounts. Since no credit check loans are riskier, lenders are not likely to approve high loan amounts.
What are the 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, 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 further 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 to personal loan scams and payday loan scams for more information.
You may have to put collateral at risk. Some lenders require borrowers with bad or no credit to provide an asset as collateral before approving a no credit check loan. Whether you offer your car title, jewellery or something else, you run the risk of losing that asset if you can’t afford to repay the loan.
Option 1: No credit check personal loans
How it works: A no credit check installment loan from an online lender allows you to pay the loan back over a period that ranges from 3 - 60 months. Payments are usually bi-weekly or monthly. These loans have more lenient eligibility criteria than regular personal loans, but come with higher interest rates and lower loan amounts.
How much you can borrow: You can typically borrow less than $2,000 with no credit check installment loans.
How much it costs: Pay around 30% interest rate, plus a surety or broker fee of up to $300.
Who are they best for?
Apply for no credit check installment loans if you have bad credit or no credit history, you earn a steady income and you need an emergency loan.
Avoid them if you don’t need emergency cash or if you’re not sure whether a lender is completely legitimate.
Types of no credit check personal loans
Secured personal loans. A common type of secured no credit check loan is a car title loan, which uses your paid-off car as collateral. Keep in mind that you could lose your car if you default. Learn more about car title loans.
Unsecured personal loans. Most unsecured personal loans will require a credit check. However, it is possible to find some online lenders that won’t require a credit check – but you’ll likely be charged higher interest than if a credit check were to be done. You can typically borrow up to $2,000.
Can you get no credit check personal loans with guaranteed approval?
No. Be wary of lenders offering no credit check personal loans with guaranteed approval — it 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.
Can you get instant approval on a no credit check installment 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. To speed up the process, apply online using instant bank verification. This method saves time because you won’t need to email the lender any documents. Instead, you’ll connect your bank account to give the lender view-only access to your bank statements.
How to apply online
You can apply for a no credit check installment loan online by completing the following steps:
Fill out an application form. Head to your chosen lender or loan search platform’s website to complete an application. You’ll need to provide your name, contact details, proof of ID, bank account details and income and employment information.
Get approved. Review any loan offer you receive before signing the contract. If applying through a loan search platform, you may need to compare multiple offers before choosing one.
Get funded. The loan amount will then be deposited into your bank account. If you need cash fast, look for a lender that uses Interac e-Transfer.
Learn more about credit check installment loans in Canada
Loans Canada is a loan search platform 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. Its office is based in Toronto, Ontario.
Loan details
APR: 6.99% - 46.96%
Loan amount: $300 – $50,000
Loan term: 3 - 60 months
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
Pros
Find out your matches with no impact on your credit score
Fast approval and funding
Easy online application
Large lender network
Borrowers with bad credit or no credit history accepted
BBB accredited with an A+ rating
Cons
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
LoanConnect is an online loan search platform that can help you find a no credit check personal loan from its network of lenders. It’s based in London, Ontario.
Loan details
APR: 8.99% - 46.96%
Loan amount: $500 – $60,000
Loan term: 3 - 120 months
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
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. Its office is located in Vancouver, BC.
Loan details
APR: 23% + broker fee
Loan amount: $500 – $850
Loan term: 90 - 120 days
Serviced provinces: N/A
Eligibility requirements: Be at least 18 years old, Canadian citizen, have a Canadian bank account (3+ months old), have a steady job (3+ months), $1,200 monthly income
Speed: Within 24 hours
Pros
Same-day funding
Easy online application
Bad credit accepted
Cons
Short-term loans with high rates
Smaller loan amounts won’t suit all borrowers
Watch out for non-sufficient funds (NSF) fees
Broker fees of up to $225 will drive up the cost of your loan
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.
Loan details
APR: 19.00%
Loan amount: $100 – $2,500
Loan term: 2 weeks - 24 months
Serviced provinces: BC
Eligibility requirements: Must have enough room in your income to take on the loan
How it works:Cash advance apps in Canada allow you to access a small cash advance to help you get through to your next paycheque. There’s usually no interest charged, but you’ll pay a fee to get instant funding. Your loan repayment is then automatically withdrawn from your bank account on your next payday.
How much you can borrow: Usually $20 – $350
How much it costs: No interest, but you may pay a subscription fee
Who are pay advance apps best for?
Apply for a pay advance app if you want a very small loan with zero interest and minimum fuss.
Avoid pay advance apps if you need a larger loan amount or if you don’t want to pay a subscription or instant transfer fees.
How to get a no credit check cash advance
Once you’ve found a pay advance app that suits your needs, here’s how to apply:
Sign up for an account. Download the app or go to the website. Create an account by providing your name and contact details and connecting your bank account.
Request an advance. Next, select how much you’d like to borrow and when you will pay it back to request a cash advance.
Get approved. Standard advances are sent to your bank account within a few business days, but you can get money within minutes if you pay a fee.
Learn more about no credit check pay advance apps in Canada
Toronto-based fintech company KOHO offers various financial products, including 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.
Loan details
APR: 0%, subscription fee starting at $2/month
Loan amount: $20 – $250
Loan term: Flexible
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
Turnaround time: Immediately
Pros
No credit check
No interest
No late fees
Access via the KOHO app or an ATM
Cons
You’ll pay a subscription fee starting at $2/month
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 charged 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.
Loan details
APR: 0% interest for cash advances but a $2.99 monthly membership fee applies, fee for express funding (varies based on advance)
Loan amount: $20 – $350
Loan term: Next pay cycle (61 days max.)
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.
Turnaround time: Within 8 hours with express delivery (fee is based on the advance amount) and up to 3 business days for standard delivery
Pros
Easy to apply
0% interest
No late fees
Cons
You’ll have to pay a $2.99 monthly membership fee
An extra fee applies if you want an instant transfer
Nyble entered Canada in 2022 and has an office in Toronto, Ontario. Apply online for an interest-free line of credit of up to $150 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.
Loan details
APR: 0% interest and no fees to access credit, optional $11.99/month membership for premium services like instant funding
Loan amount: $30 – $150
Loan term: 30 days, extendable
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.
Turnaround time: 1-30 minutes with a paid membership or 1-3 business days with a free membership.
Pros
Quick and easy application
No interest
No late fees
Cons
$11.99/month for premium membership for instant transfers, full credit report and other premium perks
How it works: They offer fast access to funds when you need urgent cash, with some lenders giving loan approval and funding within minutes. You’ll need to repay the full amount by your next payday in most cases.
How much you can borrow: $100 – $1,500
How much it costs: $14 to $17 for every $100 borrowed, which works out to APRs in the triple digits
Who are they best for?
Apply for no credit check payday loans if you need emergency cash and you’ve already exhausted all other alternatives.
Avoid them if you won’t have enough income left after repaying your payday loan. If you need help with your debts, consider credit counselling.
Advantages of no credit check payday loans in Canada
Easy to get. Payday loans are one of the easiest loans to get approved for. Those with poor credit or no credit history can be approved. You can also apply if you’re unemployed but have benefits such as disability income, employment insurance, social assistance or pension.
Instant. Payday loans with no credit check can provide instant approval if you go through online bank verification, which doesn’t involve documents. If you opt to email your documents, instant approval is less likely. Once you submit your signed contract, you can get your loan via e-Transfer. Learn more about e-Transfer payday loans.
Watch out for these payday lender traps
Excruciatingly high interest rates. Payday loan APRs are extremely high, commonly over 300%. It should only be considered as a last resort.
Short loan terms. You have a very limited amount of time to pay back what you borrow. If you don’t have enough money left in your bank account after repaying your payday loan, you may be forced to take out another high-interest loan – and become stuck in a cycle of debt.
NSF fees. Payday lenders often set up automatic repayments directly from the borrower’s bank account. If an attempt by an online payday lender to withdraw payment results in insufficient funds, the borrower will face another fee from the bank this time.
Late fees. If you default on your loan, you can be on the hook to pay late fees. For example, in Ontario, a payday lender can charge you up to 2.5% per month on the outstanding principal.
How to apply online
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 how to apply:
Apply online or in-store. Apply online or via a lender’s mobile app. Many lenders offer online bank verification to allow faster processing. You also won’t need to wait for a credit check to be completed.
Get approved. Check the loan agreement carefully before you sign. Make sure all details are correct and that the lender is transparent about the total cost of the loan.
Get your funds. If you need the money quickly, some lenders send out loan amounts via Interac e-Transfer 24/7. Alternatively, you could choose a lender with physical branches and collect the cash in-store.
Learn more about payday loans with no credit check in Canada
PAY2DAY is a payday lender that provides loans online and in-store. Based in Mississauga, Ontario, it offers fast access to the money you borrow, with online approvals and funding available 24/7.
Loan details
APR: Varies by province
Loan amount: $300 – $1,500
Loan term: Up to 62 days
Serviced provinces: ON, BC, NS
Eligibility requirements: Active bank account with access to online banking, recurring income
Turnaround time: Within 1-2 hours via e-Transfer once approved
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.
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, 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 higher loan amount and better 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.
How to apply for a title loan
After comparing options and selecting the right car title loan provider here’s how to apply:
Apply online. Fill out an online application form with your name, contact details and vehicle information (such as year, make, model and mileage).
Submit your documents. Next, provide any documents the lender requests to process your application. These may include your ID, vehicle registration, insurance documents, pay stubs or bank statements and pictures of your vehicle.
Get your vehicle appraised. Most lenders require you to drive your car to one of their locations to have it inspected and appraised.
Get approved. Once you receive a loan offer, be sure to read it carefully to make sure all details are correct and that you understand the full cost of the loan.
Get funded. The money will be deposited into your bank account. If you need cash fast, some lenders will send your money via Interac e-Transfer.
Learn more about no credit check car title loans in Canada
getloanapproved.com offers no credit check car title loans with competitive interest rates. There are no job requirements which makes the approval process easier.
Loan details
APR: 9.95% - 29.00%
Loan amount: $1,000 – $50,000
Loan term: 12 - 72 months
Serviced provinces: AB, BC, MB, NB, NL, NS, ON, PEI, SK
Other types of loans with no credit check in Canada
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, higher 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 while 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 the 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 higher 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 having to apply to a new provider.
Avoid credit card cash advances if you’re already struggling with credit card debt.
Bottom line
You have many options in Canada for no credit check loans, and it’s quick and easy to apply for them. However, most of them have steep interest rates. Before you apply for a no credit check loan, evaluate the risks and your alternatives first.
Yes, many no credit check lenders operate in Ontario. Loans you can get include personal loans, cash advances and payday loans.
Yes, some online payday lenders accept and approve applications and send cash via e-Transfer, 24/7. They can offer this service by automating the loan approval process. However, if your loan application needs to be manually reviewed, such as if you've just started a new job, make sure you look for a lender that has staff working 24/7.
There are multiple options to choose from. Online lenders offer personal and payday loans with same-day funding. You can also access funds without a credit check by getting a car title loan. Other loan options include pay advance apps, credit card cash advances and pawn shop loans.
It'll be difficult to get a line of credit with no credit check. This is because lines of credit require financial discipline, so lenders will want to make sure your finances are in decent shape by checking your credit. However, Nyble offers a small, nontraditional line of credit with no credit check.
Yes – provided that you deal with a legitimate lender. Unfortunately, disreputable lenders can target financially vulnerable people with promises of no credit check loans. Do your research to make sure any lender you deal with is completely above board.
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.
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
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
Get a $1,500 loan as either an installment or payday loan. Learn about the pros and cons of each, plus compare lenders and apply today.
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