Top 5 Loans in Canada With No Credit Check

These days, anything can put you in a situation where you’re facing a poor credit report. While the reasons behind your less-than-perfect score may be anything from financial hardships to being a new user with a short credit history, applying for a loan with a credit score that could be better still presents a daunting task.

That’s why we’ve gathered a list of five top-rated loans in Canada with no credit check requirements.

Read on to find out if you qualify for any of these and what loan amounts and terms you can expect to be offered.

Our Top Picks

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Best for loan variety

  • A wide selection of vetted lenders
  • Multiple types of loans
  • Accredited by BBB with an A+ rating
  • Low requirements for approving a loan


Best for lower APR

  • Easy online application process
  • Flexible repayment terms
  • Money available within 24 hours
  • No prepayment penalties

Instant Funding

Best for fast unsecured loans

  • Direct loan deposit via e-transfer
  • Same-day approval and funding
  • Low qualification requirements
  • Flexible repayment terms

Title Loans Online

Best for fast secured loans

  • Has physical locations across Canada
  • Direct lender without middlemen
  • Secured loans with a vehicle as collateral
  • Dedicated loan adviser assigned


Best for guarantor loans

  • Available to unemployed applicants
  • Very few requirements for borrowers
  • No fees for late payments
  • Quick and simple application process

Loans in Canada With No Credit Check: Our Reviews

Before you start looking for bad credit loan options in Canada, take a look at our reviews of the top five lenders that do not even check your credit score. This way, you can avoid providers damaging your score with hard pulls and get around complicated document requirements and long interviews.


star 9.2

Best for loan variety

  • Amount: Up to $50,000
  • APR: 6.99%-46.96%
  • Loan term: 6-60 months
  • Funding time: 24 hours

LoanConnect is a Canadian search engine that offers unsecured loans of up to $50,000. You can apply for personal loans, debt consolidation, cash loans, online loans, and bad credit loans. LoanConnect boasts a large network of verified and vetted lenders and a variety of no-credit-check loans that you can compare and pick the best offer. The business has been in operation since 2015 but got accredited by the Better Business Bureau (BBB) in 2018 and boasts an A+ rating.

To qualify for a loan from LoanConnect, you should:

  • Be the age of majority in your province,
  • Be a Canadian citizen or permanent resident,

LoanConnect is a mediator who will connect you with a provider who offers a loan without a credit check. You can apply even if you have a previous bankruptcy or consumer proposal and if you have debt payments (as long as they do not total over 60% of your income).

If you check all the boxes, you’ll be pre-approved in 60 seconds. Then, LoanConnect will list all the lenders that are willing to help you out. Once you decide who to hang your hat with, the funds will be in your account within a day.

In general, you can expect to get up to $50,000 with rates that start as low as 6.99% and go up to 46.96%, depending on your credit history and financial information.

Depending on the lender, you can expect to be charged an origination fee, which is usually a percentage of your total loan amount. LoanConnect can’t guarantee the payment terms, but they mostly fall between six and 60 months.


  • + A wide selection of vetted lenders
  • + Multiple types of loans
  • + Accredited by BBB with an A+ rating
  • + Low requirements for approving a loan


  • Fees and terms depend on the lender
  • No offline branches you can visit


star 9

Best for lower APR

  • Loan amount: $500-$1,000
  • APR: 28%-32%
  • Loan term: 84-90 days
  • Funding time: 24 hours

LoanMeNow is a loan brokerage service that was established in 2013 with headquarters in Montreal, Quebec. It provides emergency cash to borrowers with bad credit scores in the form of short-term loans with lightning-fast approvals. The provider isn’t accredited by the BBB but holds an A+ rating.

If you’re in need of quick loans with no credit check, LoanMeNow might be the best option. You can apply online simply by filling out a form and providing the required documents, or give the business a call instead. You’ll get the response within an hour, and the money will be in your account in 24 hours.

Instead of checking your credit score, the broker will simply verify your banking and employment information.

Once you’re done, you can borrow anywhere from $500 to $1,000, with the annual percentage rate ranging from 28% to 32%. When you decide to repay the loan, the standard terms range from a minimum of 84 days up to 90 days at the most.

However, if you need to delay a payment, you’ll be charged an administrative fee of up to $35. You can pay the loan back in weekly, bi-weekly, or semi-monthly installments without any prepayment fees.

Applying for a loan without a credit check might be hassle-free but it comes with additional costs. Namely, if you default on your payments, you’ll have to pay 2.66% per month, or 32% per year.

Also, if you don’t have enough funds in your account, you’ll be charged a $45 fee. The good news is that LoanMeNow doesn’t charge any fees prior to obtaining a loan; you’ll be required to pay the brokerage fee only after you’ve accepted the loan the provider offered.

To qualify for a loan, you’ll have to:

  • Be at least 18 years, a Canadian resident with a Canadian bank account
  • Have a net salary of at least $1,200 per month
  • Have been working with the same employer for the last two months
  • Be paid by direct deposit
  • Not be planning to declare a bankruptcy or a consumer proposal

Should you decide to apply for LoanMeNow quick loans with no credit check, you can count on quick and efficient customer support. You can contact them during business hours via a toll-free line or send a message through a contact form on the site. There’s an extensive FAQ section and blog for additional assistance.


  • + Easy online application process
  • + Flexible repayment terms
  • + Money available within 24 hours
  • + No prepayment penalties


  • Only short-term loans available
  • Lots of fees and additional costs

Instant Funding

star 9.5

Best for fast unsecured loans

  • Loan amount: $300-$1,500
  • APR: 23.99%-59.96%
  • Loan term: 4-12 months
  • Funding time: Same day (2-4 hours)

Trusted by a range of Canadian banks, including CIBC, HSBC, RBC Royal Bank, and Canada Trust, Instant Funding is a loan search platform that offers hassle-free online loans with no credit checks.

Formerly known as FlexiLoans, the company boasts swift and easy application processes, instant approvals and funding. Additionally, the new IBV technology (Instant Banking Verification) allows quick verification.

Instant Funding provides some of the best payday loans in Canada with no credit check procedure or hidden fees. If you need a quick financial boost, you can count on the lender to provide you with $300 to $1,500. The APR ranges from 23.99% to 59.96%, depending on the applicant’s risk score.

You can pay off the loan within four to 12 months, depending on the lender.

Here are the qualification requirements:

  • Steady net income of over $1,800 per month
  • Bank account with 90+ days of history
  • Not too many short-term loans taken
  • No more than three canceled transactions due to insufficient funds in the last 90 days

If you meet the requirements, you are free to apply online, a process that will take two minutes, and you’ll be instantly verified thanks to the IBV technology. Then, one of the managers will reach out to you to discuss the loans with no credit check you applied for. After signing the contract, the loan will be transferred to your account within an hour.

In case you need help with the loan application procedure or want extra information, you can reach out to the customer support team via email or the contact form on the site. The agents are available Monday through Friday during standard office hours. Plus, the platform constantly updates its blog posts, so you can learn more about the company’s news.


  • + Direct loan deposit via e-transfer
  • + Same-day approval and funding
  • + Low qualification requirements
  • + Flexible repayment terms


  • No transparent fee structure

Title Loans Online

star 8.8

Best for fast secured loans

  • Amount: $3,000-$25,000
  • APR: 14%-49%
  • Loan term: 24-60 months
  • Funding time: Same day if processed by 4 p.m.

Unlike a variety of online lenders or loan mediator companies we’ve reviewed so far, Title Loans Online does have a range of physical branches across Canada.

Title Loans Online is a direct lender, which means you’ll save money on middleman fees. It offers some of the best solutions for secured car title loans in Canada. This way, you can use your car or motorhome as collateral and turn them into cash.

The amount of money you can cash out depends on your vehicle and goes anywhere from $3,000 up to $25,000, with an interest rate between 14% and 49%. To repay the loan, Title Loans Online offers flexible terms that range from two to five years.

The good news is that you’ll be able to keep your car during the time you’re paying off the loan. The loans are open, meaning that you can prepay without any charges or make lump-sum payments at any time. You also won’t need to pay any upfront fees until your loan request is approved.

Applying for loans in Canada with no credit check has never been easier. Here’s how to qualify for a car title loan:

  • The vehicle must be paid in full with a full coverage insurance policy
  • Production year should be 2013 or later
  • Less than 200,000 km in mileage
  • Full coverage insurance policy
  • Vehicle should be registered on your name
  • Vehicle status must be active (not rebuilt or repaired)
  • You have to be a Canadian resident and at least 18 years old

The requirements are pretty much the same if you want to get a motorhome loan, but the production year of your motorhome should be at least 2007, and there is no mileage requirement.

The list of required documents includes, but is not limited to, the following:

  • Valid driver’s license ownership or registration form
  • Full coverage policy
  • Parking insurance
  • Utility bill from your residence

To get in touch with Title Loans Online, you can either give them a call via a toll-free line, send them a fax, email, or regular mail, or fill out the contact form on the website.

If you need to secure same-day loans with no credit check in Canada, Title Loans Online might be your best option.

You’ll need to apply online or via phone, submit documents, meet with your assigned dedicated loan adviser to finalize the deal, and get the money on the same day via direct deposit or email transfer. Note that if you take a loan after 4 p.m., you’ll get your funds the next morning.


  • + Has physical locations across Canada
  • + Direct lender without middlemen
  • + Secured loans with a vehicle as collateral
  • + Dedicated loan adviser assigned


  • Long list of required documents


star 9

Best for guarantor loans

  • Amount: $2,000-$10,000
  • APR: 43%
  • Loan term: 12-60 months
  • Funding time: 24-48 hours

If you’re looking for guarantor loans in Canada with no credit check, LendingMate might be the right choice. LendingMate, a lender that believes in trust and relationships and works with real people instead of algorithms, promises that 95% of all borrowers will be approved.

Unfortunately, only residents of Ontario and British Columbia can apply for a loan at the moment.

Should you provide an acceptable guarantor, the lender will be able to fund you with a loan of $2,000 to $10,000 over one to five years. The APR is fixed and stands at 43%.

The loans are unsecured, so your home or property won’t be put at risk. The only thing required from borrowers is to be Canadian residents, aged anywhere between 19 and 75, without an active bankruptcy or consumer proposal.

However, to get no-credit-check guarantor loans, your guarantor has to meet certain requirements:

  • Canadian residents aged 19 to 75
  • Have a source of income and be able to make monthly payments if you can’t
  • Has a good credit history without troubles paying bills in the past
  • Owning a home in Canada is an advantage

The application process is hassle-free, quick, and entirely online. Once you apply for a loan on the website, you’ll get a link to send to the guarantor to fill out the application form. You’ll both receive a phone call to finalize the process.

When you and the guarantor get approved, you’ll get your quick loan with no credit check in your account within 24 hours.

The lender doesn’t charge early settlement fees and allows you to make extra payments along with your monthly installments. They don’t even charge fees for late payments, but they will ask your guarantor to step in in case you fail to pay. If both the borrower and the guarantor fail to make a payment, the company will take legal action.


  • + Available to unemployed applicants
  • + Very few requirements for borrowers
  • + No fees for late payments
  • + Quick and simple application process


  • Available in only two provinces
  • High-interest rates

Finding the Best Canadian Loans With No Credit Check: A Buyer’s Guide

With a vast selection of loans available, borrowers might feel overwhelmed and have difficulty choosing the right option for their needs. That’s why we’ve compiled a list of all the factors to consider when shopping for the best loan.

The Basics: What Is a No-Credit Check Loan?

Typically, when you apply for a loan, a lender will perform a hard credit pull to review your credit history, which might further impact your credit report. But there are a lot of Canadians who want to get a loan but don’t have a great credit history, so traditional loan companies usually turn them down.

Increasing your credit score is possible but takes a lot of effort and time. The good news is that you can get a loan with no credit check in Canada. That means that the lender won’t perform a credit check and will approve your application based on your ability to pay off the loan, your employment history, and your debt-to-income ratio.

On the flip side, as a no-credit-check loan is riskier for the lender, they usually come with higher interest rates, late fees, or short repayment terms.

Types of No-Credit-Check Loans

When considering which loan to apply for, it’s important to know what your choices are and see which type of loan will fit your needs the best. The most common no-credit-check loans are payday loans, personal loans, title loans, and guarantor loans.

Payday Loans

Payday loan is an unsecured short-term borrowing typically due on your next payday. If you apply for no-credit-check payday loans in Canada, you should know that the interest rates will be steep, the terms will be up to four weeks, and the loan amounts are usually on the lower side, around $500.

There are numerous lenders that offer payday loans, but taking one should be the last resort, as it can often trap borrowers in a cycle of debt.

Personal Loans

If you decide to apply for a personal loan without a credit check, you can count on higher loan amounts. Depending on whether you apply for a secured or unsecured loan, the terms will be different.

The first requires collateral and usually comes with a lower APR. They are easier to apply for and get approved for, but carry a lot of risk for your collateral should you default on a loan.

Unsecured personal loans with no credit check, on the other hand, are less risky but have higher interest rates.

Title Loans

Even though they require collateral like secured personal loans, auto title loans resemble payday loans. They have high-interest rates, but the lenders don’t consider the borrowers’ credit histories and approve them very quickly. While the borrower’s vehicle serves as collateral, you can still use it while you’re paying off the loan.

Guarantor Loans

When it comes to guarantor loans, the borrower can count on a guarantor to be responsible for paying off the loan in case the borrower defaults. In this case, the criteria for the borrower are quite loose, whereas the guarantor has to meet a number of requirements to be eligible for a role.

Our Methodology for Choosing the Best Loans With No Credit Check in Canada

When choosing the best loan with bad credit or when you simply don’t want a lender to perform a hard credit pull, your choices might seem limited.

When making our list of the best lenders or middlemen who offer no-credit-check loans, we considered the following:

The Requirements

As appealing as no-credit-check loans might seem, it’s not always that easy to obtain one. Different lenders might have different requirements depending on the type of loan, whether it’s secured or not, or whether it involves a guarantor.

Standard requirements for borrowers are to be Canadian citizens at least 18 years old, have a source of income, have a bank account, and not be in bankruptcy or a consumer proposal.

Interest Rates

In Canada, loans with no credit check might be relatively easy to obtain, but the interest is often much higher than with traditional loans. Unlike borrowers with good or excellent credit scores and stellar credit histories, those who apply for no-credit-check loans might pose a greater risk for the lender, and the APR rates reflect that.

We made sure to compare the rates from different providers and offer those with the most reasonable figures.

Repayment Terms

Again, as these loans are usually for emergency cash and the borrower expects to get them within a day or so, the repayment terms are also relatively short. Lenders typically offer loan terms that range from 84 days all the way up to 60 months.


Although most providers on our list do not require early settlement fees or late fees, applying for loans in Canada with no credit check might impose some additional costs.  Before securing a loan, ensure that the lender does not charge any hidden fees or upfront fees, origination fees, and middlemen fees.

Bottom Line

We’ve listed five companies, whether direct lenders or loan comparison platforms, offering different types of loans. In the reviews, you’ll find all the requirements neatly displayed so that you can quickly decide which option is the right one for you.

Whether you need a quick infusion of cash, have a bad credit history, or don’t want the lenders to perform a hard credit pull and harm your score, we’ve found the top picks you can turn to.


Can you get a loan with no credit check?

Yes, getting loans with no credit check in Canada is quite common. In fact, there are a number of direct lenders or mediator companies that can help you secure such a loan. However, keep in mind that these loans often come with higher interest rates, additional fees, lower amounts of money you can borrow, and shorter repayment terms.

What is the easiest loan to get approved for in Canada?

If you want to avoid exhausting application procedures and long lists of required documents, you should consider applying for loans that don’t require a credit check and offer short-term cash solutions.

Some of the options you have are payday loans, car title loans, guarantor loans, and personal loans with no credit check.

What types of loans do not require a credit check?

There are a number of loans in Canada with no credit check requirements. For example, a borrower with a bad credit score can go for a guarantor loan, in which case the guarantor’s credit report, debt-to-income ratio, and credit history will be checked.

Other options include car title loans, where the borrower can use their vehicle as collateral, a payday loan, or even some personal loans.

Milica Milenkovic
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