Instant Loans Canada

The Intelligent Loan Solution $300

Get Approved for a Loan Instantly: Bad Credit Okay

Instant Loans Canada

You never know when a situation may arise that calls for extra cash. Whatever the reason, taking out a loan is often the best option to get out of a pinch. However, if you have less than perfect credit or need the money that same day, it can be challenging to find a lender. 

Instant loans are available for Canadians regardless of credit history, and some deliver same-day cash for your convenience. 

At 514Loans, borrowing is made easier by an automated loan management system that allows for faster processing. You’re able to access borrowed funds right away, and you don’t have to waste your time with the hassle of faxing documents. 

Nowadays, people are looking for an alternative to the age-old payday loan process. Those kinds of loans have sky-high fees and could end up affecting your credit if you aren’t able to repay in full on your next payday.

Instant loans don’t have to be paid in one large sum, and you don’t need to have good credit to qualify. You need to have a job and provide your details to get money in hand the same day you apply. These loans are the perfect alternative to high-cost payday lenders.

Online loans no credit check instant approval Canada

Instant approval online loans are a convenient and modern alternative to traditional payday loans. Lenders like 514Loans offer fully automated loan management software that makes the application process more comfortable than ever. This software allows them to process your request faster than other providers and get you your money more quickly. 

Approval takes only minutes, not days like some other companies. You don’t have to fax any documents, and the loan automatically deposits into your bank once you sign online paperless agreements.


Fast Approval Even With Bad Credit


Instant payday loans Canada

When a situation arises that calls for quick cash, most Canadians look at financing to handle it right away. However, it can be challenging for people with poor credit to find a lender willing to take the risk. That’s why many people use an instant payday loan. 

Instant loans are usually short-term that you can apply for without a credit check. The amount you can borrow is typically low, and you get the money immediately. Applying for an instant loan can be done online or in-person. While these loans are easy to obtain and offer instant approval, most have higher fees. 

You’ll need to provide personal information like your income, Social Security number, and your bank account details.

Fast Response

Customers since 2017

Hour Approval







1. Apply Online




Trusted Partners and Providers

EFT Canada

is our reliable provider of advanced electronic payment services

Decision Logic

is our trusted partner for bank transaction verification


provider of risk management reporting for our valued clients

Interac e-Transfer

is one of our methods of processing electronic payments to our clients safely and fast


is our trusted partner for real-time instant bank verification


is our trusted partner for risk management


is our trusted partner for accounting automations

Installment Loans (No Credit Check)

Installment loans are one of the best loans when you have bad credit. Mainly because many don’t require a credit check with the application; since these lenders don’t decide based on your credit score, there’s no need to worry about poor credit history.

An installment loan describes all kinds of loans where you pay back the amount through scheduled payments. Some examples include mortgages or student loans. The repayment terms can be anywhere from a few months to 30 years. Depending on the lender, some require collateral, while others won’t. 

Taking out this kind of loan has more desirable terms and conditions than most others. For example, the interest rates for an installment loan from 514Loans is between 22% to 32%, which is much lower than most payday loans. 

One of the most significant benefits of an installment loan is it helps you rebuild your credit, opening the door to better opportunities.

How it works

Who we are

We are an online financial service provider. We work with licensed private lenders, to provide short term financial solutions, that are significantly less expensive and more flexible than a conventional payday loan. Good credit, bad credit, it doesn't matter. We will assist you in finding the financial product that suits your needs.

Fees and Interest

Depending on the risk associated with the application, Our lenders charge an APR ( Annual percentage rate) of 22% to 32%. Membership fees do apply. Please refer to our "Example Cost of Borrowing" section for more information.

Terms of Repayment

Our installment loans can be paid weekly, bi-weekly, bi-monthly, or monthly. The payment schedule depends on the customer's pay frequency. Unlike payday loan providers, our lenders offer loan terms of 90 and 120 days. Extended payment schedules are available for loans over $1000.

What Makes us better than Payday Lenders

Typically, Payday Loan providers require borrowers to finalize entirely on their next paycheck. The costs associated with payday loans vary from province to province.

The ABR (Annualized Borrowing Rate) for

  • payday loans ranges between 390% to as high as 560%.
  • installment loans range between 190% and 200%.

Our ABR includes all fees and interest associated with our installment loan product. Our cheaper ABR and more flexible terms make our product a better choice for Canadians in need of a short term financial solution.

Example Cost Borrowing

$300 borrowed over 3 months on a bi-weekly payment schedule, will cost the borrower 6 payments of approximately $75. The total amount reimbursed is roughly $450.00. This includes all membership fees as well as Interest and capital.

Missed Payments

Our lenders charge a $50 fee for any returned payment due to NSF (Non-Sufficient Funds). The missed payment, as well as the lenders' fee, are added to the end of your payment plan schedule. Two additional payments are extended to the payment plan.

Our Lenders charge a fee of $35.00 to reschedule a payment and extend the payment plan.
The rules for rescheduling payments are the following:

  1. A client can not reschedule the first payment.
  2. A client can not reschedule two payments in a row
  3. A client can not reschedule more than two payments per loan term.

Borrow Money Responsibly

This type of financing is meant to be used as a bridge to solve an immediate financial crisis. Interest rates are relative to risk and may be higher than conventional banking institutions.

Please note that having Multiple Installment Loans or Payday Loans can result in long term financial burdens. Please give us a call if you are caught in a loan cycle due to predatory loan practices. Our agents will assist you in finding a consolidation product that will prevent costly collections procedures as well as a negative impact on your credit file.


Please borrow responsibly.

Applying Online is Safe with us

Your important personal information is encrypted and protected using Bank Level Encryption Security. We are HTTPS secure, and our users can expect a safe and private online experience when using our website.

How to Qualify for a Personal Loan

Our application process is simple and easy on PC, tablet, or mobile phone. The following is criteria is necessary to qualify for a loan:

  1. You must be a Canadian citizen
  2. You must be over 18 years of age
  3. You must be employed full time.
  4. You must have an active bank account.
  5. Must not be engaged in a consumer proposal or a bankruptcy process.

Online installment loans no credit check instant approval Canada

Online installment loans have many benefits over traditional payday loans. For starters, they’re 50%-60% cheaper and have longer repayment terms. These features carry less risk of default, which could negatively affect your already low credit score. 

These loans have a straightforward repayment process so that you won’t end up in an endless cycle of borrowing. What’s more, taking out a no credit check installment loan in Canada means a stress-free payment plan with room to budget for your future.  

If you find yourself wanting to reborrow, you can further benefit from increased credit and lower rates with every loan you successfully payback.

Happy Customers

Amazing group of representatives that are there for you especially in an emergency situation or any time of need.
They definitely take their time and patience and go through all the details trying to offer you the best service no matter what :)!!!
Thank you so much for your help I really sincerely do appreciate it.

Terika Peters 
Terika Peters

Service has been excellent thus far

Jesse P 
Jesse P

Since being with 514 loan my experience has been good. They offer a range of different loan amounts, keep in mind it will depend on a few factors, employment, income, they will offer you the best loan that will make it easier to payback. Once approved the funds will be deposited into your bank account right away.


I would like to say that I highly recommend this company. I am very impressed with the way they solved my problem and was very patient when I was a bit stressed. I want to thank John who personally took responsibility and was available every time I called. Kudos to John and his staff on a job well done. I am most grateful. Highly recommend.


Great customer service! Helped me a lot when I needed the cash advance! Kept their word and Costa great job for the fast communication and keeping your word !! Awesome !!

Shiann Maillet 
Shiann Maillet

Please give your feedback

We all fall on hard times

Installment loans can see you through until skies look a little brighter

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Unsecured personal loans bad credit instant decision Canada

Unsecured personal loans in Canada often come in the form of a payday loan. This short-term financial option gets paid back in one full lump sum on your next paycheck. The Annualized Borrowing Rate (ABR) of a payday loan is 390% to 560%, considerably higher than an installment type loan. Many brick and mortar companies offer these loans, and you can also apply online.

The downside to payday lending is the expensive fees, which often keep you trapped in a cycle of borrowing to repay. Unlike other kinds of debt, you can’t pay off these loans in installments; the whole sum is due at one time. Because of this fact, more people have turned away from payday loans and look towards installment lending as a better short-term financial alternative.


In your bank account



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Unsecured Loans

Even With Bad Credit



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easy payday loans

Payday loans are one of the fastest ways to get money the same day and are payable on your next check. These loans are helpful when you need to pay for an emergency or if you fall short on groceries. But they come at a price – shockingly high-interest rates.

To qualify for a payday loan, you must be employed, provide recent pay stubs, and usually a bank statement. This kind of loan gets paid back in one lump sum, unlike an installment. The fees are also much higher, and people sometimes find themselves stuck in a borrowing cycle because they can’t manage to get ahead with the steep costs. To avoid this issue, an installment loan gives you the same day, instant access to your money without the worry of massive fees.

No Credit Check Loans

Benefit From Our Policy


Our applicants are not subject to credit checks. We use your banking transactions as well as other criteria to assess your request. We give you a clean slate. We believe in second chances, and we will take a chance with you when nobody else will.

When you apply for a loan
Our applicants are not subject to credit checks. We use your banking transactions as well as other criteria to assess your request. We give you a clean slate. We believe in second chances, and we will take a chance with you when nobody else will.

Please borrow responsibly.

What is a short term loan good for?

It should be considered as a bridge money to pay for urgent bills and not a method to increase your credit. Our rate are higher because we take a lot of risk with lending to someone with having done a credit check when issuing a customer a loan.


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Short Term Loans

We understand that there are limits to how much you can stretch your paycheck in order to accommodate unforeseen expenses. Don't worry, we've got your back when it comes to installment loans in Canada.

Our Loan Rates

Our lenders charge an APR (annual percentage rate) of 22% to 32% depending on the risk score of the application.

Repayment Example

A 300$ loan with an APR of 32% is refundable in 6 bi-weekly payments of approximately $75. This example includes all the fees associated with the borrowed capital over the three months.

Terms of Repayment

Our installment loans are repayable within a period of 90 to 120 days. Longer loan terms are available for loans over $1000.

Borrow Responsibly

Abusing microloans can cause negative impacts to your financial well-being due to their higher interest rates. The interest rate on an installment loan is higher than conventional financial institutions and should be used only for emergencies.

Types of Loans

Go ahead
Call them whatever you want

We specialize in

Installment Loans

Installment loans are Canadians' trendiest loan choice since 2017.

Payday Loans

Payday Loans are:

  • Old news
  • Extremely expensive
  • Have a short payback of 14 days
  • Being replaced by installment loans 

Cash Advance Loans

Cash? Who does that anymore?

Our Installment loans are delivered instantly by Interac e-Transfer.

Instant Loans

Get your instant loan application started today. Our installment loan processing is optimized to provide you with your money when need it most.

Mobile Loans

Our installment loan application process is optimized for iPhone and Android mobile devices (smartphones).

Unsecured Loans

Our installment loans do not require any guarantees nor liens. We do not offer title loans.

Short Term Loans

Our short term loans are offered as follows:

  • 300$ to 3000$
  • 90- to 120-days payback period

Online Loans

Our process is entirely done online.

  1. Apply today
  2. Get approved within an hour
  3. Receive your money in your bank account.

Private Loans

Any installment loan agreements are treated with the utmost discretion.

Easy Loans

Our installment loans are quick and easy. Get yours today.

Small Loans

Our installment loans range between 300$ and 3000$.

Personal Loans

We offer personal loans to Canadians electronically. Apply today for your personal installment loan.

Fast Loans

Our one-hour approval process is pretty fast. Apply today and witness it for yourself.

Direct Loans

Our installment loans are actually direct loans between the lender, and you, the applicant.

Areas Served

Proudly serving Canadians with no credit check installment loans, the best alternative to payday loans and the go-to alternative financial services. Thanks to you, we are the fastest growing installment loans provider across the country.

Where are you from?


Winnipeg, Dauphin, Morden, Portage La Prairie, Selkirk, The Pas, Winkler, Steinbach, Thomspon


Montreal, Laval, Quebec, Gatineau, Lasalle, Terrebonne, Longueuil, Levis, Brossard, Sherbrooke, Repentigny, Saint-Hubert, Verdun


Calgary, Edmonton, Lethbridge. Red Deer. St. Albert, Grande Prairie, Airdrie


Toronto, Brampton, Mississauga, North York, Ottawa, Scarborough, Hamilton, Kitchener, London, Etobicoke, Windsor, Oshawa, Barrie, Richmond Hill, Brantford, Markham, Niagara Falls

Nova Scotia

Halifax, Cape Breton, Dartmouth, Truro, Sydney

New Brunswick

Moncton, Saint John, Fredericton

Prince Edward Island

Charlottetown, Summerside

514loans - Payday Loan Alternative

225 Rue Chabanel O #1004
Montreal, QC H2N 2C9

+1 844-508-2274

9 AM - 6 PM
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