How to get your bad credit loan quickly
Fill in your information
Fill out the form with your information.
IBV Bank Verification
Complete the Instant Bank Verification (IBV).
Sign the contract
Approve your loan and the terms of your variable credit agreement.
Get your money
Your loan is sent by Interac transfer or bank deposit.
What is a bad credit loan?
No-inquiry loans are immediate, short-term loans. An emergency loan can help you pay for essential auto repairs, medical expenses or other needs that can’t wait.
Quick loans alone don’t hurt your credit rating. Extending the repayment period of a fast loan improves your credit rating. What’s more, Equifax and TransUnion receive our lenders’ loan results. Paying a micro-loan on time improves your credit.
Frequently asked questions about bad credit loans
- Must be at least 18 years old
- Reside in Canada
- Be employed for a minimum of three months and/or receive eligible income*.
- Be paid by direct deposit into a Canadian banking institution
- Not be in bankruptcy proceedings
- Receive a minimum income of $1,500 gross per month
Types of eligible income
- Salary
- Occupational Health and Safety Commission
- Lifetime disability
- Retirement income
- Family allowance
Badcredit-loans.ca is an automated system for finding the best loan for your situation. We work with many financial partners who are licensed to lend money.
You can often expect to receive the loan money by Interac transfer within hours of accepting the loan and signing the contract!
Banking institutions use the latest technology available, called Instant Bank Verification (I.B.V.). It allows us to verify your information and obtain a read-only copy of your bank statement.
Thanks to this technique, we don’t need any documentation from you, so we can approve you even faster.
A read-only copy of your bank statement is sent to us. We never see your username or password.
You can use the following example as a reference if you wish to borrow money from one of our partners: A loan of $750 would require nine bi-weekly payments of $136.57.
This example assumes that, before applying for a new loan, the original amount has been repaid in full.
Borrow responsibly
Obtaining a short-term, unsecured loan is a quick and easy way to meet an unexpected demand for cash. However, it is not recommended for long-term use or to meet persistent cash needs. Although quick and easy, these loans carry higher interest rates than bank loans.
To reduce costs, pay off the highest-interest loans first. Borrow responsibly when you need money.
Important information on fast loans
What are the annual interest rates (APR)?
The annual interest rate is approximately 19.99%. In the event of non-payment, the monthly interest rate is 1.67%.
Payment schedule
We’ll determine your minimum payment based on your repayment capacity and desired payment term.
Our flexible credit payments can be staggered over 3 to 6 months. Full or partial payment is possible at any time.
Financial support and credit rating
We’re here to help you, modify your loan or meet other needs.
We don’t check credit with lending institutions, so our services won’t affect your credit rating.