If you currently have bad credit and need a loan, you have options. From online personal loan lenders to payday lenders, credit card cash advances and more, there are several no credit check loans available. However, they often come with higher interest rates and fees.
In this guide, we cover Canadian no credit check loans you can choose from, how easy they are to get and how much they cost.
High-cost payday loans are unsustainable for borrowing over a continued period of time and are expensive as a means of longer-term borrowing. If you're experiencing financial hardship call Credit Counselling Canada for free financial counselling (Monday-Friday 8:00am-5:00pm at +1 866-398-5999). You may also want to consider payday loan alternatives.Maximum borrowing costs will vary by province. Review the maximum borrowing cost for your province before entering into a loan agreement.
Compare no credit check payday loans
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Can you get a no credit check loan in Canada?
Yes. Many lenders offer no credit check loans in Canada—but be careful as scammers sometimes use the taglines “no credit check” and “guaranteed approval” to lure borrowers who are in desperate financial situations and steal their money.
To find a legitimate lender, make sure they’re licensed to operate in your province and read online customer reviews for any red flags. You can also check out our list of legitimate lenders above.
Find out the APR of your no credit check loan
If you want to find the best no credit check loans in Canada, be sure to look for annual percentage rates (APRs). The APR is the interest rate plus all fees you must pay to get the loan, such as broker, appraisal and title search fees. Showing the APR is required by law.
Some lenders might only promote the interest rate and hide the APR in the fine print to make a no credit check loan seem less expensive. Carefully review your loan agreement so you’re aware of all costs involved.
What are the best no credit check loans?
Comparing features that are your top priorities can help you find the best no credit check loans in Canada. We break down key features of popular no credit check loan types below.
Feature
No credit check installment loan
No credit check cash advance
No credit check payday loan
Cost
Pay around 30% interest plus a surety or broker fee of up to $300.
No interest, but you may pay a subscription fee
$14 to $17 for every $100 borrowed
Loan amount
Less than $2,000
$20–$350
$100–$1,500
Loan term
Less than 12 months
Next pay cycle or flexible
Up to $1,500 days
Basic eligibility criteria
Recurring income, bank account with minimal NSF transactions
Recurring income, bank account, good banking history
Recurring income, bank account
Collateral required
No, this loan is unsecured
No, this loan is unsecured
No, this loan is unsecured
Speed
Within 24 to 48 hours
Instant approval and funding
Instant approval and funding
Application process
Easy—apply online, get a nearly instant decision and get funded within 24 to 48 hours
Easy—apply on the website or download the app, get an instant decision and get instant funding
Easy—apply online or in-store, get an instant decision and get instant funding
Pros
Break up payments into installments
Fast process
High loan amounts
Non-employment income sources like government benefits are okay
Apps available
24/7 availability
Quick and easy process
Extendable deadlines
No late fees
Accepts non-employment income
24/7 availability
Options to apply online or in-store
Quick and easy
High loan amounts
Cons
High rates and fees
Potential for scams
Monthly subscription fee
Potential extra fee for instant funding
Small loan amounts
Extremely expensive
Late fees and NSF fees
Short loan terms that cannot be extended
Guaranteed approval
No, but requirements are lenient
No, but requirements are very lenient
No, but requirements are very lenient
Avoid if
You don’t need emergency cash and you’re not sure if the lender is legit
You need large amounts or don’t want to pay a monthly fee
You have alternatives available or you’re not sure the lender is legit
Based in Toronto, Ontario, Loans Canada is a loan search platform with a large network of private lenders in Canada. These lenders offer options for borrowers with bad or no credit.
Is it easy to get with no credit check?
Loans Canada will match you with lenders that are most likely to approve you based on your profile. You could get results for both types: lenders that do credit checks and lenders that don't.
Other details
Serviced provinces: All of Canada
Eligibility requirements: Canadian resident, age of majority in your province of residence
Speed: Instant pre-approval, funding within 24 to 48 hours
Find out your matches with no impact on your credit score
Fast approval and funding
Easy online application
Large lender network
BBB accredited with an A+ rating
High rates for bad credit
You can only access quotes from Loans Canada's partner lenders
Some of your matches may run a credit check. You'll need to withdraw consent if you don't want a credit check.
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
Turnaround time
Receive funds in as little as 24 hours.
Serviced provinces
All of Canada
LoanConnect: Loan search platform for all types of borrowers
LoanConnect is an online loan search platform that can help you find a personal loan with easy approval from its network of lenders. It's based in London, Ontario.
Is it easy to get with no credit check?
LoanConnect is partnered with alternative lenders that do credit checks as well as those that don't. In any case, it'll only match you with installment loans suited to your financial situation.
Other details
Serviced provinces: All provinces
Eligibility requirements: Canadian citizen or permanent resident, age of majority in your province of residence, current debts must total less than 60% of your income
Speed: Instant pre-approval, funding within 24 to 48 hours
Nyble entered Canada in 2022 and has an office in Toronto, Ontario. Apply online for an interest-free line of credit of up to $250 to cover small expenses and build your credit. Get funds in 1-3 business days with a free account. For $11.99 per month, get access to premium services, including funding in 1-30 minutes, a free Equifax credit report and identity theft protection.
Is it easy to get with no credit check?
Nyble is one of the easier no credit check lines of credit to get because it's different from a traditional line of credit. Nyble's limit is only $250, and you can't borrow more money until you pay off your loan balance.
Other details
Serviced provinces: All provinces and territories
Eligibility requirements: You must be 18 years or older, have an active bank account with minimal NSF transactions and satisfy income requirements.
Speed: 1-30 minutes with a paid membership or 1-3 business days with a free membership.
Direct lender
Quick and easy application
No interest
No late fees
$11.99/month for premium membership with instant transfers, full credit report and other premium perks
Low maximum loan amount of $250
Loan amount
$30 – $250
APR
Starting at 0%
Term
30 days, extendable
Fees
0% interest with optional fees
Turnaround time
1-30 minutes with a paid membership or 1-3 business days with a free membership.
Toronto-based fintech company KOHO offers various financial products, including no credit check cash advances. Get a zero-interest cash advance ranging from $20 to $250 when you pay a 0% interest with a subscription fee starting at $2/month. You'll need a KOHO account to access this service.
Is it easy to get with no credit check?
KOHO is one of the easier no credit check loans to get. It offers small amounts and has no income requirements. However, you'll need a KOHO account to access the loan, which comes with a monthly fee.
Other details
Serviced provinces: All provinces and territories
Eligibility requirements: KOHO account—access higher loan amounts over time by using KOHO for everyday spending, repaying your monthly fees and using its other services
Speed: Immediately
Direct lender
No interest
No late fees
Access via the KOHO app or an ATM
You'll pay a subscription fee starting at $2/month
Small loan amounts
Loan amount
$20 – $250
APR
Starting at 0%
Term
Flexible
Fees
0% interest with a subscription fee starting at $2/month
Vancouver-based lender Bree offers cash advances of up to $350. There's no credit check, and you can apply within minutes. You're not charged interest on the money you borrow, but there's a $2.99 monthly membership fee plus a small extra fee if you want to access your money instantly.
Is it easy to get with no credit check?
Bree cash advances are one of the easier no credit check loans to get because you can only borrow a small amount. Lenders are more likely to approve small loans than large loans.
Other details
Serviced provinces: All provinces and territories
Eligibility requirements: You must be 18 years or older, a Canadian resident and have a Canadian bank account that receives regular income.
Speed: 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.
Direct lender
Easy to apply
0% interest
No late fees
You'll have to pay a $2.99 monthly membership fee
An extra fee applies if you want an instant transfer
$350 loan amount may be too small for some
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.
Wagepay first launched in Australia in 2020 and expanded to Canada in 2023. It's a direct lender of payday loans with lower fees than standard payday loans. However, it's still an expensive option.
Is it easy to get with no credit check?
Wagepay does not do credit checks. As long as you earn $1,600 per month and have room in your income to repay a loan, you have a decent chance of getting approved.
Other details
Serviced provinces: BC, ON
Eligibility requirements: $1,600 min. monthly income, no NSF transactions in bank account
Speed: As little as 2 minutes with Interac e-Transfer
iCash is one of the most popular direct payday lenders in Canada, providing instant payday loans day and night thanks to its automated systems.
Is it easy to get with no credit check?
iCash does credit checks, but it's a lot less strict than traditional lenders. It does not base its decisions solely on your credit score. So, even if you have poor credit, you can still get approved for an iCash loan.
Other details
Serviced provinces: AB, BC, MB, NB, NS, ON, PEI
Eligibility requirements: $800 min. monthly income
Speed: As little as 2 minutes with Interac e-Transfer
Common features of loans with no credit check in Canada
Loans with no credit check share these features:
Bad credit is okay. Since there’s no credit check involved, it’s possible to get fast or instant approval even with poor credit.
Very expensive. Since lenders take on more risk by not checking credit scores, they charge higher rates and fees.
Small loan amounts. Since no credit check loans are riskier, lenders typically provide small loans only, unless you provide your car as collateral.
Risks of no credit check loans
There are a few key risks you should be aware of before applying for any no credit check loan in Canada:
High rates and fees. No credit check loans come with much higher interest rates than regular loans, which can greatly increase the cost of borrowing. Administration, broker, NSF, late payment fees, express fees and other charges may apply, so read the fine print thoroughly.
Short loan terms. Payday loans and other no credit check loans have short repayment terms. If you fail to pay off your loan by the due date, you can incur additional fees and interest charges that could trap you in a cycle of debt.
Sketchy lenders and scams. Illegitimate lenders sometimes use the phrase “no credit checks” to prey on people experiencing severe financial difficulties. Do your research to make sure you only ever deal with reputable lenders. Check out our guides on personal loan scams and payday loan scams for more information.
Expert insight
"While you may need the money quickly, it’s important to make sure you’re getting a no credit check loan from a legitimate source. Do your research and due diligence to make sure you’re truly being helped."
How it works:Car title loans allow you to take out a loan using your paid-off vehicle as collateral. However, you run the risk of your car being repossessed if you default on the loan.
How much you can borrow: 25% to 50% of your car’s value up to $50,000
How much it costs: 9%–49% APR
Who are no credit check car title loans best for?
Apply for no credit check car title loans if you own your car outright, it’s less than 10 years old and you want to secure a high loan amount and more competitive interest rate.
Avoid no credit check car title loans if you’re not sure you can afford to repay the loan – if you default on the loan, you will lose your car.
Pawn shop loan
How it works: With a pawn shop loan, you provide a valuable item (such as jewellery or current electronics) as collateral. You’ll get your item back once you repay the loan plus interest. However, high interest rates and fees usually apply. You also run the risk of your item being sold if you can’t make repayments.
How much you can borrow: 20% to 60% of the item’s resale value.
How much it costs: Interest of 5% to 30% commonly applies. You may also need to pay insurance and storage fees.
Who are no credit check pawn shop loans best for?
Apply for no credit check pawn shop loans if you’re looking for a lender with very easy eligibility criteria and you have collateral.
Avoid no credit check pawn shop loans if you can’t afford repayments and you don’t want to lose your collateral.
Credit card cash advance
How it works: A credit card cash advance allows you to withdraw cash from your card balance via an ATM or at your bank. It’s a simple and convenient way to access money, but you’ll need to pay a cash advance fee as well as high interest rates.
How much you can borrow: Varies depending on the card issuer and your credit limit. Many card providers have maximum daily cash advance limits of $500 or less.
How much it costs: Cash advance fee of approximately $10 or 5% of the transaction cost. You’ll also need to pay interest at an APR of 22.99% or higher.
Who are credit card cash advances best for?
Consider credit card cash advances if you need fast and convenient access to cash without applying to a new provider.
Avoid credit card cash advances if you’re already struggling with credit card debt. Credit card cash advances come with steep rates and fees that could put you in a worse financial situation.
Are you in a stronger financial position than you were 12 months ago?
If you’re struggling with finances, you’re not alone. In the Finder: Consumer Sentiment Survey January 2024, Canadians were asked whether they were in a stronger financial position now compared to 12 months ago. While 33% of Canadians said “Yes,” there were 27% who said “No.”
You have many options in Canada for no credit check loans, and it’s quick and easy to apply. However, most have steep interest rates and fees. Before you apply for a no credit check loan, evaluate the risks and your alternatives first.
There are no guaranteed approval personal loans with no credit check. Legit lenders need to review your finances before approving.
It's possible to get a no credit check loan if you're unemployed as long as you have some sort of recurring income like government benefits, or you can secure your loan with your paid-off car.
Yes, many no credit check lenders operate in Ontario. Loans you can get include personal loans, cash advances and payday loans.
Yes, some online payday lenders accept and approve applications and send cash via e-Transfer 24/7. This service is offered by automating the loan approval process. However, if your loan application needs to be manually reviewed, say, if you've just started a new job, make sure you look for a lender that has staff working 24/7.
The fastest way to get a no credit check loan is via payday loans or cash advance apps.
It'll be difficult to get a line of credit with no credit check. This is because lines of credit require financial discipline, so lenders want to make sure your finances are in good shape by checking your credit. However, Nyble offers a small, nontraditional line of credit with no credit check.
Yes—provided you deal with a legitimate lender. Unfortunately, disreputable lenders promise no credit check loans to target financially vulnerable people. Do your research to make sure any lender you deal with is completely above board.
How you get your loan depends on the lender and how you apply. If you apply in person at a payday lending store or pawn shop, you can collect your loan in cash.
If you apply online, money can be sent directly to your bank account. Many online lenders send funds via email money transfer using Interac e-Transfer. This allows you to access cash within minutes, which is handy when you need an emergency loan.
Leanne Escobal is a publisher for Finder. She has spent over 11 years working with financial products and services, specializing in content and marketing. Leanne has completed the Canadian securities course (CSC®) as well as the personal lending and mortgages course by the Canadian Securities Institute. She has a Bachelor of Arts (Honours) in English literature and creative writing from Western University. See full bio
Tim Falk is a freelance writer for Finder. Over the course of his 15-year writing career, he has reported on a wide range of personal finance topics. Whether you're investing in stocks and ETFs, comparing savings accounts or choosing a credit card, Tim wants to make it easier for you to understand. When he’s not staring at his computer, you can usually find him exploring the great outdoors. See full bio
Check out the best personal loans in Canada for different types of borrowers.
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