How to get a quick $500 loan without a credit check
Fill in your details
Fill in the form with your contact details.
Instant Bank Verification (IBV)
Complete the Instant Bank Verification (IBV) form.
Sign the contract
Approve your loan and the terms of the variable credit agreement.
Get your money!
Your $500 loan is sent by Interac transfer or bank deposit.
What is a no credit check loan?
No credit check loans are instant, short-term loans. An emergency loan can help you pay for car repairs, medical expenses or other urgent needs.
Quick loans don’t hurt your credit rating. Extending the repayment period of a fast loan improves your credit rating. In addition, Equifax and TransUnion obtain our lenders’ loan scores. Repaying a microloan on time improves your credit rating!
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 an unsecured short-term loan is a quick and easy way to meet an unexpected cash need.However, it is not advisable to use it for long-term or permanent monetary needs. Although quick and easy, these loans have higher interest rates than bank loans.
To save money, pay off the loans with the highest interest rates first. When you need money, borrow responsibly.
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.