Lendit Financial
 | Lender | 12.99% | $2,300, $3,200 and $5,500 | 3 years | 5 years | Not available in Quebec | ViewTermsMonthly Payments: $78/$108/$126 | ViewSuitableIndividuals exiting insolvency needing to rebuild credit (Lendit can fund its loan prior to an individual being discharged from bankruptcy or consumer proposal). New immigrants. Students looking to build up credit. Individuals affected with identity theft. | Yes |  |
Lendit allows “bad credit” consumers to take control of their financial future by rebuilding their credit and building their savings. A investment loan from Lendit Financial will help to jumpstart your financial savings. Apply online through the safe and secure website for free. Lendit loans are specifically designed for those with poor credit.
DETAIL INFORMATION >> | ServicesServicesLoan / Credit Rebuilding Services
RestrictionsRestrictionsCanada only
AdvantagesAdvantages1. Low Interest Rate.
2.No up-front out of pocket expense. Rebuild your credit after insolvency, or financial hardship.
3.Reports to the credit bureau (versus a payday loan that doesn’t report and therefore rebuild credit history).
4.Build up savings and a strong financial future by earning guaranteed interest on your GIC Savings Account. GIC is CDIC insured.
5.Almost all applicants are approved.
6.Access cash during the loan term (without affecting your interest rate or payment amount) for emergency expenses, paying off debts, or going on a vacation.
DisadvantagesDisadvantages1. Not an upfront cash loan. |
Money Mart
 | Lender | 599.64% | Up to $1,500 | 7 days | 42 days | Alberta, Ontario and British Columbia | ViewTermsYou must have an active bank account with direct deposit and be at least 18 years of age. | ViewSuitableEmergency cash needs | No | |
Get a fast and easy Bad Credit Loan from Money Mart! Sometimes everyone ends up a little short on cash. Whether you need cash to pay the bills, fix the car or just breathe a little easier, they can help get you the quick instant cash you need because they offer loans for people with bad credit. Apply online today – it’s fast, friendly and hassle-free which is why you can count on us for the best bad credit loan service in town.
DETAIL INFORMATION >> | ServicesServices1. Apply online
2. You may receive up to $1,000 for your first loan
3. Repeat customers can receive up to $1,500
RestrictionsRestrictionsServices Currently Not Available in:
Manitoba, British Columbia, New Brunswick, Newfoundland and Labrador, Northwest Territories, Nova Scotia, Nunavut, Prince Edward Island, Quebec, Saskatchewan, Yukon Territory
AdvantagesAdvantages1. Online Application – apply 24 hours a day, 7 days a week
2. No faxing required for qualified applicants
3. Cash deposited directly into your bank account, or pick-up your funds
4. Convenient, quick, hassle free
DisadvantagesDisadvantages1. You must have a source of income with direct deposit
2. You must reside in a province where the loans are offered |
Payday Ninja
 | Broker | Dependent on Province | Up to $1000 | 1 week | 1 month | British Columbia, Alberta and Ontario only. | ViewTermsPayday Ninja matches prospective borrowers with leading loan providers in Canada. They promote various financial services and products for Canadian residents over the age of 18. | ViewSuitableFor those in need of a short term cash solution. | No | |
Payday Ninja is a fast and efficient payday loan service which can provide you with loan in no time. Your credit rating doesn't matter. The online application is simple and straight forward. Payday Ninja can provide you with cash if payday is just that bit too far away.
DETAIL INFORMATION >> | ServicesServicesFast efficient payday loan service.
RestrictionsRestrictionsBritish Columbia, Alberta and Ontario only.
AdvantagesAdvantages1.Fast Application
2.Instant Approval
3.No Paperwork
4.All Credit Ratings
DisadvantagesDisadvantages1.Loan not guaranteed
2.British Columbia, Alberta, Ontario only
|
DollarsDirect
 | Lender | 599.64% | Up to $1,500 | 0 days | 62 days | Ontario and Alberta | ViewTermsYou must be employed, have an active bank account and be over the age of 18 years old. | ViewSuitableEmergency cash needs | No | |
DollarsDirect provides you with a fast, convenient and reliable payday loans service. Their payday loans can help you bridge the gap between paydays and are a convenient option if you cannot access a payday loan through a traditional service.. New customers may qualify for up to $500 and returning customers can receive up to $1,500. To save 20% on your initial loan fee at DollarsDirect.ca, use discount code: CJCASH (not redeemable in British Columbia.)
DETAIL INFORMATION >> | ServicesServices1. Apply online
2. You may qualify for up to $500 for your first loan from DollarsDirect
3. Returning customers can receive up to $1,500
RestrictionsRestrictionsServices Currently Not Available
Manitoba, New Brunswick, Newfoundland and Labrador, Northwest Territories, Nova Scotia, Nunavut, Prince Edward Island, Quebec, Saskatchewan, Yukon Territory
AdvantagesAdvantages1. Apply online in minutes 24 hours a day, 7 days a week
2. Easy to qualify — perfect credit not required
3. No paperwork required and there’s usually nothing to fax
4.Cash as soon as today deposited directly into your bank account.
DisadvantagesDisadvantages1. The loan term can be up to 62 days.
2. For a loan of $1,500, the total cost of borrowing would be $315. The total amount you would repay would be $1,815. |
Mogo
 | Lender | Dependent on Province | Up to $1,500 | 0 Days | 30 days | Ontario and Alberta | ViewTermsA minimum annual income of $15,000 | ViewSuitableImmediate cash needs | No | |
Mogo’s mission is to save Canadians over $1 billion in fees. You can borrow up to $1,500 instantly for 30 days, at half the price of any payday loan. You need a minimum annual income of $1,500 and to be paid through direct deposit. To qualify for a Mogo loan you must be in active employment by the same employer for a minimum of 3 months.
DETAIL INFORMATION >> | ServicesServices1. You can apply online or in store.
2. Loans range from $300 all the way up to $1500.
RestrictionsRestrictions1. A minimum annual income of $15,000.
2. Be paid through direct deposit.
3. Active employment by the same employer for a minimum of 3 months.
4. Mogo loans are not available to customers whose only primary income is derived from pensions, employment insurance, maternity/paternity leave, disability, worker’s compensation or any other government supplements.
5. A current bank statement showing 30 days of transactions that clearly identifies your name, account number and your last 2 pay roll deposits.
6. A minimum of 2 references.
7. Your Social Insurance Number (SIN).
AdvantagesAdvantages1. $100 cheaper than a payday loan and $1329 cheaper than a credit card.
2. Fully automated process.
3. Flexible payments like a line of credit with easy renewal options
4. Only $30 per $100 every 30 days - guaranteed lowest rate
DisadvantagesDisadvantages1. Fee payments required every 2 weeks, at $15 per hundred borrowed
2. In BC, AB & ON you must repay your loan in full every 30 days |
Red Leaf Loans
 | Lender | 122.98% | $200 - $1500 | 1 Day | 15 Days | Alberta, Ontario and British Columbia | ViewTerms18+, Only in Ontario and Alberta. Must be employed, must have direct deposit, and earn $1334 per month. | ViewSuitableCustomers who live in Alberta | No | |
RedLeafLoans offer a hassle free solution when you do not have enough cash to tide you over until your next payday. RedLeafLoans can get you up to $1,500 deposited directly into your bank account. You can apply for a bad credit loan online or by phone; however, currently they only offer loans for people with bad credit to people living in the province of Alberta.
DETAIL INFORMATION >> | ServicesServices1. Secure online application.
2. Flat fee for every $100 you borrow
RestrictionsRestrictions1. Be a Canadian Citizen
2. Be employed
3. Be at least 18 yrs old
4. Be paid by direct deposit from your employer
5. Make at least $1334.00 monthly
AdvantagesAdvantages1. Application only takes 1 minute.
2. You can borrow up to £1,500
3. No Credit Check
4. Secure Online Application
5. 100% FREE, No Obligation Application Form
DisadvantagesDisadvantages1. Flat fee for every $100 you borrow
2. Do not offer extensions or rollovers |
Canada Loan Source
 | Broker | Depends on Lender | Up to $1,500 | Ask on application | 31 days | Ontario, British Columbia, Alberta | ViewTermsYou must be employed and over the age of 18 years old. | ViewSuitableImmediate Cash Needs | No | |
CanadaloanSource.com provides you with a bad credit loan when you need emergency funds. There are very few requirements for approval and you will not need perfect credit to qualify! These are loans for people with bad credit. Apply online and you could receive your funds within 24 hours of submitting an application.
DETAIL INFORMATION >> | ServicesServicesPay day loan service
RestrictionsRestrictionsYou must be employed and over the age of 18 years old.
AdvantagesAdvantages1. Immediate Approval
2. Funds deposited same day
3. Up to $1,500 Loan
DisadvantagesDisadvantages1. Not available for self-employed, social assistance, workers comp or disability.
2. For short-term money needs only |
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