Getting a loan when your credit score isn’t looking too hot can feel like pulling teeth, eh? Traditional banks in Canada are pretty strict—they’ll dig into your credit history and, if they think you’re a risk, your application’s toast. But here’s the good news: more and more lenders across Canada are stepping up with same day loans that don’t require a credit check.
That means you can cover urgent bills, manage emergencies, and keep life rolling without waiting weeks for approval. The big question, of course, is: where should you go for these loans?
We’ve rounded up 9 reliable lenders in Canada that provide same day loans with no credit checks. Take a look, compare the offers, and pick the one that fits your situation best.
1. Cashco Financial
If you’re in a pinch and need quick cash in Canada, Cashco Financial has a straightforward application process that takes just minutes. The platform is secure, user-friendly, and offers loans of up to $8,000 to cover your emergency expenses.
| Feature | Cashco Financial |
|---|---|
| Max Loan Amount | Up to $7,000 |
| Credit Check | No |
| Approval Time | Same day |
| Loan Types | Payday & Flex Loans |
| Repayment Terms | 6 to 60 months |
| Interest Rate | 35% APR (Flex Loans) |
| Online Application | Yes |
| Availability | Nationwide (Online & In-Store) |
Pros
Cons
2. Speedy Cash
When life throws you an unexpected expense, Speedy Cash can help you bridge the gap. Known for transparency and reliability, they offer loans up to $8,000 for up to 37 days.
| Feature | Speedy Cash |
|---|---|
| Max Loan Amount | Up to $1,500 |
| Credit Check | No |
| Approval Time | Same day |
| Loan Types | Payday & Short-Term Loans |
| Repayment Terms | 7 to 30 days |
| Interest Rate | $14 per $100 borrowed |
| Online Application | Yes |
| Availability | Nationwide (Online & In-Store) |
Pros
Cons
3. PAY2DAY
Got bad credit and stressed about approval? PAY2DAY offers same-day solutions with no credit check. Just apply, and their team quickly reviews and funds your request if you qualify.
| Feature | PAY2DAY |
|---|---|
| Loan Amount | Up to $1,500 |
| Credit Check | None (No credit check required) |
| Approval Time | 1–2 hours |
| Application Method | Online application or in-person at 35+ locations across Canada |
| Funding Method | Instant e-Transfer |
| Eligibility | 18+ years old, Canadian bank account, regular income (employment, EI, pension) |
| Loan Term | Short-term, typically 14–30 days |
| Interest / Fees | $14 per $100 borrowed for a 14-day term (example: $300 loan = $42 fee) |
| Customer Support | 1-833-PAY2DAY (729-2329) or via website |
| Availability | Multiple provinces including Ontario, BC, Alberta, Nova Scotia |
Pros
Cons
4. iCash
icash platform connects you with multiple lenders in Canada at once, saving you the hassle of applying separately. You can compare offers and choose the most affordable same-day loan for your needs.
| Feature | iCash |
|---|---|
| Loan Amount | Up to $1,500 |
| Credit Check | Soft check (no hard credit check for approval) |
| Approval Time | Minutes to same day |
| Application Method | 100% online, mobile-friendly |
| Funding Method | Instant e-Transfer to Canadian bank account |
| Eligibility | 18+ years old, Canadian bank account, proof of income |
| Loan Term | Short-term (7–30 days) |
| Interest / Fees | $14 per $100 borrowed for a 14-day term |
| Customer Support | Online chat, phone support |
| Availability | Nationwide across Canada |
Pros
Cons
5. KOHO (Cover Bundle)
Not sure which lender to pick? KOHO (Cover Bundle) is a hub where you can view multiple offers under one roof. The process is fast, safe, and keeps your personal info secure.
| Feature | KOHO |
|---|---|
| Loan Amount | Up to $250 instant advance |
| Credit Check | None (no credit check required) |
| Approval Time | Minutes to same day |
| Application Method | 100% online via KOHO app or website |
| Funding Method | Instant transfer to KOHO account, can use directly for purchases or transfer to bank |
| Eligibility | 18+ years old, Canadian bank account, KOHO account |
| Loan Term | Short-term (typically 14–30 days) |
| Interest / Fees | Zero interest; may have fixed nominal fee depending on advance |
| Customer Support | In-app chat and email support |
| Availability | Nationwide across Canada |
Pros
Cons
6. PaydayExpert.ca
PaydayExpert.ca has been helping Canadians access cash on short notice. With simple applications and transparent policies, they’re a go-to during emergencies.
| Feature | PaydayExpert.ca |
|---|---|
| Service Type | Payday loan comparison platform |
| Loan Amount | Varies by third-party lenders |
| Credit Check | Varies by third-party lenders |
| Approval Time | Varies by third-party lenders |
| Application Method | Online via PaydayExpert.ca |
| Funding Method | Varies by third-party lenders |
| Eligibility | Varies by third-party lenders |
| Loan Term | Varies by third-party lenders |
| Interest / Fees | Varies by third-party lenders |
| Customer Support | Contact via PaydayExpert.ca website |
| Availability | Nationwide across Canada |
Pros
Cons
7. Magical Credit
Magical Credit offers personalized same-day loan solutions without credit checks. Their reps review each application carefully to find a fit for your financial needs.
| Feature | Magical Credit |
|---|---|
| Loan Amount | Up to $20,000 |
| Credit Check | Soft check (suitable for bad credit) |
| Approval Time | 1 business day |
| Application Method | Online application |
| Funding Method | Direct deposit to Canadian bank account |
| Eligibility | 18+ years old, Canadian bank account, proof of income |
| Loan Term | Flexible, depending on loan type and amount |
| Interest / Fees | Varies based on loan amount and term |
| Customer Support | Online support and phone support |
| Availability | Nationwide across Canada |
Pros
Cons
8. Focus Cash Loans
If banks have turned you away, Focus Cash Loans gives you access to short term loans starting from as little as $100 up to $250,000. Perfect for anything from small emergencies to bigger financial needs.
| Feature | Focus Cash Loans |
|---|---|
| Loan Amount | Up to $20,000 |
| Credit Check | Soft check (suitable for bad credit) |
| Approval Time | 1 business day |
| Application Method | Online application |
| Funding Method | Direct deposit to Canadian bank account |
| Eligibility | 18+ years old, Canadian bank account, proof of income |
| Loan Term | Flexible, depending on loan type and amount |
| Interest / Fees | Varies based on loan amount and term |
| Customer Support | Online support and phone support |
| Availability | Nationwide across Canada |
Pros
Cons
9. Money Mart
Need cash in a hurry? Money Mart is known for their easy process, trusted lenders, and round-the-clock availability.
| Feature | Money Mart |
|---|---|
| Loan Amount | Varies, typically up to $1,500 (payday loans) |
| Credit Check | Soft check (depends on province and loan type) |
| Approval Time | Same day |
| Application Method | Online application or in-store at 350+ locations across Canada |
| Funding Method | Direct deposit to bank account |
| Eligibility | 18+ years old, Canadian bank account, proof of income |
| Loan Term | Short-term (usually 14–30 days) |
| Interest / Fees | Fees vary by province and loan type |
| Customer Support | Phone, email, or in-store support |
| Availability | Nationwide across Canada |
Pros
Cons
Frequently Asked Questions (FAQs)
Sharron Gaines is a freelance financial writer for Flexinest. With over a decade of experience in personal finance and lending, she’s passionate about helping Canadians make smart money decisions. From understanding payday loans and credit options to managing budgets and improving financial health, Sharron’s goal is to simplify complex financial topics for everyday readers.
When she’s not writing about money matters, Sharron enjoys exploring local cafés, reading about financial trends, and spending time outdoors with her family.