Get a same-day micro-loan on your current account in four easy steps
Enter your information
Enter your contact details.
IBV Bank Verification
Perform instant bank verification.
Sign the contract
Approve your variable credit contract.
Get your money
Your loan is sent by Interac transfer or bank deposit.
A loan with no credit check?
No-query short-term loans are immediate. Car repairs, medical bills and other urgent needs can be covered by an emergency loan.
Fast loans don’t hurt your credit. A longer repayment period increases your credit rating. In addition, Equifax and TransUnion receive our lenders’ loan results. Timely micro-loan payments improve credit scores!
Frequently asked questions about no-inquiry 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
Meeting an unexpected cash need with an unsecured short-term loan is quick and easy. It is not recommended for long-term use or chronic cash needs. Fast and convenient, these loans have higher interest rates than bank loans.
To save money, pay off high-interest loans first. To get money, borrow responsibly.
Important information about fast loans
What is the annual interest rate?
Interest averages 19.99% per annum. Non-payment will incur monthly interest of 1.67%.
Prepayment schedule
Your minimum payment depends on your ability to repay and the term of the loan.
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
Let us help you modify your loan or meet other needs.
We don’t check credit with lenders, so our services don’t affect your credit.