While Bright Lending offers fast funding on loans up to $3,000—or $1,200 for first-time US customers—interest rates are incredibly high and probably not worth it. Plus, if you live in Canada, you won’t be able to get funding.
Whether you need to borrow a small amount to get to your next payday or a large sum to pay back over time, consider these cash advance apps and loans like Bright Lending in Canada.
Cashco offers short- and long-term loans for bad credit borrowers living in Ontario, British Columbia, Alberta, Saskatchewan and New Brunswick. Apply for up to $7,000 online, over the phone or in store, and receive funds within 24 hours of approval.
Fast bad credit loans
Flexible terms
No collateral required
No prepayment penalties
High rates
Not available in all provinces
Loan amount
$500 – $7,000
APR
20% – 48.99%
Term
6 - 60 months
Min. credit score
300
Fees
Up to 10% of your loan amount to set up your loan, NSF and late payment fees of $25.
Not sure where to find the best alternative to Bright Lending? Submit a single application to Loans Canada to compare offers from multiple Canadian lenders that work with borrowers with your financial profile. The platform is completely free to use and makes it easy to narrow down your options, even if you have bad credit.
Loans for good and bad credit
Compare multiple lenders
APRs starting at 9.9%
Get funded in one to three business days
High rates for bad credit
Not a direct lender
Limited to Loans Canada's partner network
Loan amount
$300 – $50,000
APR
9.9% – 46.96%
Term
4 - 60 months
Min. credit score
300
Fees
No application, origination or brokerage fees
Origination fee
0
Turnaround time
Receive funds in as little as 24 hours.
Alternative for bad credit borrowers: Spring Financial
Spring Financial steps up for those who have trouble getting approved by banks and other traditional lenders. Applicants with bad credit are accepted, and there are no fees for paying off your loan early. Apply entirely online, and if you're approved, receive funds within 24 hours.
High-risk applications are okay
Flexible loan amounts from $500 to $35,000
No early repayment fees
Interest rates of up to 46.99% for bad credit
You may be offered a credit builder loan (The Foundation loan) instead of a personal loan
LoansLoans.ca offers short-term installment loans online. You don't need a credit check to apply, and it's possible to get funded within 24 hours. Rates are capped at 32%, which is much lower than Bright Lending's highest rates.
Bad credit is okay
Fast access to funds
Easy online application
No collateral required
No early repayment fees
Brokerage fee applies
Self-employed workers are not eligible
Requires a minimum monthly income of $1,200
Loan amount
$500 – $1,000
APR
28% – 32%
Term
3 - 12 months
Min. credit score
300
Fees
Late payment fee (2.66% per month), $45 NSF fee, broker fee
With a Nyble line of credit, you can borrow between $30 and $250 interest free. Nyble reports to Canada's credit bureaus, so repaying borrowed funds responsibly can improve your credit score. View your Equifax credit score and report through your Nyble account.
Get funds within 30 minutes
Build your credit history
No interest or late fees
Easy application process
Rewards program
Option to extend your payment deadline
May take up to 3 business days to get funds if you're not a member
Monthly membership fee ranging from $4.99 to $11.99
Amount may not be enough
Loan amount
$30 – $250
APR
Starting at 0%
Term
30 days, extendable
Fees
0% interest with optional fees
Origination fee
$11.99
Turnaround time
1-30 minutes with a paid membership or 1-3 business days with a free membership.
Need a small amount to cover unexpected expenses? KOHO Cover provides immediate access to an interest-free cash advance of up to $250. No credit check is required, although you'll have to pay a small monthly fee, and you can repay what you borrow any time.
No credit check
No interest
Instant access to funds
No income required to qualify
Monthly subscription fee starting at $2
May have to pay a monthly KOHO plan fee
$250 may not be enough
Won't improve your credit score
Loan amount
$20 – $250
APR
Starting at 0%
Term
Flexible
Fees
0% interest with a subscription fee starting at $2/month
Another option for covering small unforeseen expenses, Bree offers interest-free cash advances of up to $350. It's quick and easy to apply online with no credit check. Accessing funds is free unless you want express transfers.
Easy to apply
No credit check required
No interest charges
Monthly membership fee
Extra fee for express funding
Small amount may not suit your needs
Loan amount
$20 – $350
APR
Starting at 0%
Term
Next pay cycle (65 days max)
Fees
0% interest with a $2.99 monthly membership fee
Turnaround time
Receive funds within 5 minutes with express delivery (the fee is based on the advance amount) and up to 3 business days for standard delivery.
Bright Lending has incredibly high interest rates—so high, in fact, that you could end up paying more than four times what you actually borrowed. But it does offer fast loans between $300 and $3,000, and even borrowers with bad credit may be eligible.
Stacie Hurst is an editor at Finder, specializing in loans, banking, investing and money transfers. She has a Bachelor of Arts in Psychology and Writing, and she has completed FP Canada Institute's Financial Management Course. Before working in the publishing industry, Stacie completed one year of law school in the United States. When not working, she can usually be found watching K-dramas or playing games with her friends and family. See full bio
Lacey Stark is a freelance personal finance writer for Finder, specializing
in banking, loans, investing, estate planning, and more. She has 20
years of experience writing and editing for magazines, newspapers, and
online publications. A word nerd from childhood, Lacey officially got her
start reporting on live sporting events and moved on to cover topics
such as construction, technology, and travel before finding her niche in
personal finance. Originally from New England, she received her
bachelor’s degree from the University of Denver and completed a
postgraduate journalism program at Metropolitan State University also
in Denver. She currently lives in Chicagoland with her dog Chunk and
likes to read and play golf. See full bio
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