How do you get your $300 fast loan?
Find your lender and fill in the form
Enter your contact details in the form.
IBV chequing account verification
Complete the IBV (Instant Bank Verification).
Sign the contract
Accept the terms of your variable credit contract.
Receive your $300
Your loan will be sent to you by bank deposit or Interac transfer.
What is a no credit check loan?
Quick, short-term loans are known as no credit check loans. You can use an emergency loan to cover urgent medical expenses, necessary car repairs or other needs that can’t wait.
Quick loans don’t hurt your credit rating. Your credit rating increases when you extend the repayment period of the fast loan. What’s more, the results of loans granted by our lenders are sent to Equifax and TransUnion. Making timely payments on a microloan 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.
Take loans out carefully
A quick and easy solution to unexpected financial demands is to apply for an unsecured short-term loan.It is therefore not advisable to use it on an ongoing basis or to cover permanent financial needs. These loans are easier and quicker to apply for, but their interest rates are often higher than those of bank loans.
Pay off the debts with the highest interest rates first, to reduce expenses.When you need money, borrow sensibly.
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.
Our services will not affect your credit rating, as we do not share customer information with lending institutions.