You can get up to $5,000 with no documents or credit checks in as little as 24 hours when you apply on our website. 100% Online.
Fill out as many details as possible on your application to increase the chance of being matched with a lender.
Upon verifying your application details and approval from a lender, fully review and sign your loan agreement.
Once you are approved and have signed your loan agreement, funds will be deposited or e-transferred to your account.
We are your fast and safe solution for finding online personal and payday loans in Canada. We do not perform credit checks and do not require documentation to instantly connect you with one of the 20+ Canadian lending companies we partner with. Apply online today to see the benefits of Lendproconnect.ca.
“Bad credit loans” typically refer to loans where lending companies look past credit scores to determine your eligibility for a personal or payday loan. These loans have become very popular over the past few years in Canada, because they are helping Canadians with bad or no credit history access financial assistance when they need it most. We work with multiple lenders who do not perform credit checks as part of the approval process but always check the lender’s terms.
Understanding the different types of loans and terms used for these loans can help give insight into the financial landscape in Canada and your borrowing options. Below are the most common terms used when searching for online bad credit loans in Canada.
Bad Credit Personal Loans
Bad credit personal loans in Canada are financial products offered by banks, credit unions, online lenders, and other financial institutions. These loans provide individuals with a lump sum of money that can be used for various purposes, such as consolidating debt, covering unexpected expenses, making home improvements, or funding a large purchase. The online personal loan lenders in our network often look past credit scores potentially increasing your approval odds vs traditional banks and credit unions.
Bad Credit Installment Loans
People often refer to bad credit personal loans as bad credit installment loans because they are repaid over a fixed period through a series of regular payments, known as installments. Each installment consists of both principal and interest, with the total amount borrowed being paid off gradually over time.
Bad Credit Payday Loans
Bad credit payday loans in Canada are a popular option for Canadians who need financial assistance between paydays. These loans are usually paid in full on your next payday or next few paydays. When you apply on our website, depending on your application details you may be matched with a lender who offers payday loans. We also work with a vast network of bad credit personal loan lenders who might want to work with you based on your application details who offer lower interest rates, longer repayment terms and higher loan amounts.
Guaranteed Loans for Bad Credit
Guaranteed loans do not exist because all lenders have minimum requirements for their lending process. If you come across a company offering “guaranteed loans” this is most likely false and inaccurate to attract new users. Most of the lenders in our network use factors beyond your credit report to determine your eligibility for financial assistance, potentially improving your approval odds.
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LendProConnect is an independent loan search and financial services comparison platform. LendProConnect may receive compensation from the offers shown on its website or the providers you may be matched with after you submit an application. Our intention is to provide you with the best tools, content, products and services to help you reach your financial goals. LendProConnect services and resources are free to use and we do not charge consumers for any of our services. We aim to provide applicants with impartial and accurate information so that they can make the best financial decisions.
* You acknowledge that by completing and submitting the website application you are applying for a loan. LendProConnect does not perform any credit checks as part of the process of connecting you to a lender. Once connected to a lender they may, at their discretion, perform credit verification through national databases in order to determine your eligibility and ability to repay. Simply having bad credit is often not a disqualifying factor in the loan approval process.
Loans range from $100-$5,000 with terms from 4 months to 24 Months or longer. APRs range from 29.99% to 46.96% and will depend on our partner’s assessment of your credit profile. For example, on a $1,000 loan paid monthly over 12 months at 29.99% APR, a person will pay $125.09 per month for a total of $1,501.08 over the course of the entire loan period. In the event of a missed payment an insufficient funds fee of around $45 may be charged (dependent on the lender).
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