No Credit Check Loans Canada

The Intelligent Loan Solution $300


Simple Application, Quick Approval


Everyone runs into rough patches where they’re strapped for cash. These times make putting food on the table and making the car payment nearly impossible. We get that it can be stressful trying to figure out how to get funds without having to take out a bank loan or personal loan when you have bad credit. 

Continue reading to learn how to get a loan with no credit check in Canada.

Payday Loans, No Credit Check in Canada

Payday loans are short-term personal loans that are paid back in full from your next paycheck. They tend to have between 390% and 560% annualized borrowing rate (ABR). This rate varies depending on the province.

This type of loan is generally available at brick and mortar locations as well as being available online. You can get a payday loan from 514Loans, but some risks come from this type of loan. If you can’t pay off a payday loan, it may draw you into a loan cycle that is devastating to your credit, budget, and economic health.

Check out the alternatives to a payday loan available through 514Loans.


Fast Approval Even With Bad Credit


Instant Loans, No Credit Check in Canada

Loans that offer instant approval can help you to maintain a stressful or emergency financial situation. Online lenders can get back to you sooner than traditional bank loans that have stricter policies. 

You will find that installment loans from 514Loans are 50-60% cheaper than payday loans. They are an overall safer financial alternative to traditional bank loans. They are safer when it comes to your credit score. Installment loans are available at a reduced rate with increased credit limits. 

Installment loans don’t pose the same risk as traditional personal loans. They offer a longer repayment period compared to payday or personal loans. The repayment plans are stress-free and allow between 90 and 120 days to pay back the loan. There are certain loans that are over $1,000 that may allow for an extended payment schedule.

Repayment of installment loans can be arranged for weekly, bi-weekly, and monthly installments.

Fast Response

Customers since 2017

Hour Approval







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Bad Credit Loans in Canada

Have bad credit? You don’t have to worry. Installment loans are available to everyone, even those with less than ideal credit. How is this possible? Simple. The borrower needs to have three alternatives to a credit check:

  • Have a guarantor (someone to back them, contracted to pay if borrower defaults)
  • Present the proper documentation (hard proof of finances: payslips, bank statements)
  • Choose a secure loan (loans that use collateral if failure to pay it back)

These alternative methods can demonstrate the worthiness of taking out a loan without hitting your credit with another hard inquiry that may cause further detriment to your credit score. When a loan doesn’t have to check your credit score, it makes the entire process just a little easier.

Online Loans, No Credit Check, Instant Approval

With advances in modern technology, nearly everyone has a mobile device at their fingertips. This makes it so easy to find loans and even apply for them. Be wary of predatory lenders and shady online markets for loans. When you find yourself stuck in a situation like this, 514Loans can help you consolidate your loans and get you back on your feet.

Our installment loans are readily available online with no credit check needed to get instant approval.

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.

What You Need to Know About Taking Out a Loan

It’s important that you borrow responsibly. Don’t take out more than one loan at a time if you don’t think you will be able to handle paying them all back simultaneously. When you take on too many loans at a time, you may find yourself in an unending cycle of debt. 

You need to make sure that you have the payment in your account when it’s due. Lenders charge $50 when a payment is returned for not having sufficient funds available in your bank account. When payments have to be rescheduled, lenders charge an additional $35. 

There are rules for rescheduling payments. The initial payment must be paid on time. You cannot miss two payments in a row, and you cannot miss more than two payments during a single loan term.

Fees associated with 514Loans include the following:

  • 22%-32% APR
  • Membership fees 

These fees are added to the total cost of borrowing the loan. For example, a $300 loan comes out to six payments of $75. The total amount of the loan would be $450.

Who Are We?

514Loans is an online financial service provider that works with private loan lenders by providing financial solutions to those who are struggling with monetary burden. These loans are less expensive and more flexible than traditional loans. Since 2017, we have provided loans to 56,000 people. We have a 94% rating thanks to our simple criteria and quick response times. 

The criteria for 514Loans is as follows: 

  • Must be a Canadian citizen
  • Must be over age 18
  • Must be employed full-time
  • Must have an active bank account
  • Must not be in a consumer proposal or bankruptcy ongoings

Getting a loan has never been easier for those with less than excellent credit with 514Loans.


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Get a Loan With No Credit Check Today

If you find yourself in a financial rough patch, you don’t have to worry. There are loans with no credit check in Canada available to help you relieve your financial burden. And it’s easy to get started. 

1) Apply for the loan online.

2) Get approved that day.

3) Receive money in your bank account.

Apply for a loan today with 514Loans and relieve your financial burden.

Frequently Asked Questions

What is an installment loan?


A cash advance is a short term financial solution, often used to cover car repairs, collection notices or any other type of unexpected expenses. Short-term cash advance services fulfill a need not met by traditional financial institutions, offering a less costly and often more desirable option for short-term loans.

A non-traditional cash advance is often the best way to receive a quick loan. Industry group CFSA reports that non-sufficient funds (NSF) cost consumers tens of billions of dollars each year from banks and credit unions. CFSA notes that millions of people each year “choose payday advance as a dignified, discreet, and often less costly solution for cash flow problems, without asking family for money or risking personal items as collateral.”

Many applicants also struggle to attain traditional financing despite having excellent credit. Many of them need quick access to working capital. Online lenders have emerged as a welcome alternative for borrowers everywhere. Online lenders are increasingly being used by consumers and businesses to get fast access to capital outside of banks. Also known as marketplace lenders, they “have leveraged low operating costs, minimal regulations, Big Data, and technology streamlined for a mobile generation to mediate terms between everyday borrowers who want quick access to cash.


What are the requirements for an installment loan?


We like to keep things simple.

  1. You must be over 18 years of age
  2. You must be a Canadian citizen
  3. You must be employed full-time
  4. You must have an active bank account
  5. You must not be engaged in a consumer proposal
  6. You must complete an IBV (Instant Bank Verification)


Can self-employed individuals apply for an installment loan?


Absolutely! Just as long as our agents can verify a frequent source of income through your IBV (Internet Banking Verification).


How much can I borrow with an installment loan?


Our loans range from $300 to $3000.

However, ou lender's credit risk may assign a different amount than originally requested. This assures that the borrower will be able to reimburse the loan without any negative impact on their budget and/or financial situation.


When will the funds be deposited?


Your funds are deposited automatically as soon as we receive your signed electronic contract. Deposits typically happen on the same day; however, some deposits can take up to 24 hours to appear in your bank account.


What documentation is needed for an installment loan?


You may fax or upload your documents during your application process.

The required documents are:

  1. A copy of your driver's license
  2. A proof of residence (any most recent utility bill with your name and address indicated on it)


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

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