Borrow from $500 to $1,500 with Bad Credit in Ontario

Borrow up to $1,500 with bad credit in OntarioAt Alterfina, we believe everyone in Ontario deserves access to financial solutions, even if your credit history isn’t perfect. If you’ve been declined for a loan by banks or need cash quickly, we help people with bad credit get the personal credit they need without judgment or complicated paperwork.

Borrow up to $1,500 with bad credit in Ontario

At Alterfina, we believe everyone in Ontario deserves access to financial solutions, even if your credit history isn’t perfect. If you’ve been declined for a loan by banks or need cash quickly, we help people with bad credit get the personal credit they need without judgment or complicated paperwork.

Get $500 to $1,500, even with bad credit
No credit check, no impact on your credit score
Same-day deposit available*
Accessible even if banks have refused your loan
100% online, no paperwork

*If your file is completed and approved before 2:30 PM,
Click here for more details.

3 quick and easy steps to get your cash

What are the benefits of Alterfina's bad credit financing?

How it works

We are committed to providing the best personal financial solutions in Ontario : check Bad credit accepted : we don’t judge your credit history. We will never refuse your application because of a bad credit score. check No credit check : we don't run credit checks and your request has no impact on your credit score. check Many types of income accepted : not just employment income but also employment insurance, various pensions, ODSP, CPP and more. Consult our FAQ to see all types of income accepted. check No hidden fees : what you see on the calculator is what you really pay, no surprises. check Instant access to funds : get money the same day if your online application is complete and approved before 2:30 p.m. check Flexible repayments: adjust your payment amounts and frequency at any time. check A great alternative to payday loans and installment loans : enjoy more flexibility, higher approval amounts ($500 to $1,500), and the ability to repay over several months instead of all at once. You can also and access exclusive benefits and practical financial tools and resources, such as: check Discounts at merchants and on groceries check Credit report and monitoring with Equifax Complete™ check A prepaid card for simple money management check And much more!

Want to know more? Consult the benefits

Calculate your payments

1 / Desired credit amount*

2 / Payment frequency

3 / Payment amounts

167 $ by paycheck for about 182 days

*Indicative amount. Refer to the legal notices page

Calculate your payments

1 / Desired credit amount*

2 / Payment frequency

3 / Payment amounts

167 $ by paycheck for about 182 days

*Indicative amount. Refer to the

legal notices page

Need cash despite your bad credit score?

Simple, fast, and secure

Find out all about our bad credit solutions

Here are our eligibility requirements: – Must be 18 years or older. – Must be a resident of Ontario. – Must have been employed for at least three months and/or receive an eligible source of income. – Income must be deposited through direct deposit into a Canadian bank account. – Must not be involved in bankruptcy proceedings. – Must have a minimum gross monthly income of $1,500

– Salaried income – Various pensions – Self-employed income - ODSP – Ontario Disability Support Program - OAS – Old Age Security - GIS – Guaranteed Income Supplement - CPP – Canada Pension Plan - EI – Employment Insurance - WSIB – Workplace Safety and Insurance Board

When an organization or a financial institution conducts a credit check, it means they are asking for access to information found in your credit file. They verify your past credit history, your credit rating, your repayment capacity based on your current income level, and perform other credit verifications. When the credit investigation is done, banks or other financial institutions will make a decision regarding your solvency report. A bad credit score can lead to a loan refusal.

IBV stands for “Instant Bank Verification.” It’s a technology that, with your permission, allows secure, read-only access to certain information from your bank account (such as deposits and transaction history). It all happens online, in just a few clicks and without having to send in documents. During verification, you’ll log into your bank account just as you normally would (username, password, security questions if needed). We never have access to your login or password. The process is quick and secure.

IBV is a fast and reliable tool that allows us to automatically assess your eligibility, without requesting documents like bank statements or paystubs. It’s a simpler, faster method and widely used in the financial industry. This technology allows us to process your application in just a few hours while maintaining a high level of security and data protection.

Yes, IBV is the most secure technology available on the market. It is considered as safe as the systems used by major Canadian financial institutions. We do not and will never have access to your username or password. We partner with Flinks, a leading provider of IBV services.

None. IBV is automatic and secure via our partner Flinks. All you need to do is log in to your bank account where your pay is deposited, using our secure platform, just like you normally would (with your username, password, and security questions if required).

If verification fails, our team will contact you to help guide you through a second attempt or suggest an alternative. Make sure your banking credentials are correct, that you’re logging into the account where your pay is deposited, and that you’re able to answer your security questions. Need help? Call us at 1 888 350-7738 — we’ll be happy to assist you.

No. The IBV does not affect your credit score. It is not a traditional credit check but rather a read-only, temporary access to your banking data, like deposits and transactions within the last 90 days. This process is not visible to credit bureaus and has no impact on your credit report.

No. The IBV is mandatory to complete a credit application with Alterfina. This process allows us to evaluate your eligibility quickly and efficiently, without unnecessary paperwork.

We apply a fixed annual rate of 18.99%, which is competitive compared to the interest rates offered by most private lenders in Ontario and Canada.

A weekly membership fee of $24.20 applies whenever there is an active balance. These fees are already included in the repayment amounts shown in our calculator, so you always know exactly what you’ll pay.

You can check your balance, upcoming payments, and much more in your Client Access. To log in, visit our website and click the Client Access link at the top of the page. Once logged in, you’ll be able to: View your balance and payment schedule Manage your account settings Activate your exclusive benefits Access and redeem your discounts on exclusive products and services Make sure you have your login credentials for secure and quick access to all these features.

You can request a payment deferral at least 48 business hours before your scheduled payment date. In the case of a returned payment, fees will apply. Our company complies with Canadian legal standards. If a particular situation arises during your use of the fast credit, our customer service is available to assist you with deferral requests or any other inquiries. Note: The repayment amount cannot be less than 5% of the closing balance from the previous month.

The payment amount is based on your approved credit limit and payment frequency. You can request a justified change by contacting customer service.

Personal financial solutions offered by Alterfina are designed to be repaid over a period of 3 to 6 months. Our product is intended for short-term use, with full repayment expected within a few weeks. For example: A $750 credit, with payments of $127 every two weeks, will be fully repaid in 10 installments. You can also make early or extra payments at any time without fees, to reduce your costs and pay off your balance faster. Be responsible and borrow wisely. Only request the amount you truly need to avoid falling into a debt cycle.

Yes! Our financial solutions offer flexible repayment terms, according to the client agreement, and can be repaid before the usual 3 to 6-month term. You can choose to pay off the full amount or make partial payments at any time without any fees, helping you reduce your costs and pay off your credit faster.

Great when you need help and great customer service, thank you.

- Caroline

Thank you for your trust! I appreciate the team who offered great service, thanks!

- Guy

I thank you for your agents who called me at home to confirm. The staff is kind and polite. Thanks for your quick answer! The delay for my deposit was quick.

- Sandie

I liked being listened to and the professionalism. I felt respected. Thank you very much.

- Guylaine

Trusted by thousands across Canada

We are proud to have received over 2,000 customer reviews with a rating of over 4.6/5 (as of Winter 2025). Their testimonials are proof of our commitment to providing a reliable and human-centered service.

Whatever your financial situation, we’re here to help you find the best solution.

Need emergency cash? Discover our fast financing solutions, accessible even with bad credit. Get a decision in just minutes and receive your funds the same day.

Find out how we can help you in an emergency.

Looking for an alternative to payday loans? At Alterfina, we know that traditional payday loans can be expensive and stressful. That’s why we offer a better solution. Get up to $1,500 without a credit check.

Find out more about our payday loans alternative

Looking for an alternative to installment loans? At Alterfina, we understand that traditional installment loans can be rigid and hard to manage. That’s why we offer a more flexible solution. Get up to $1,500 with no credit check, and repay on your own terms.

Find out more about our installment loan alternative

Need emergency cash? Discover our fast financing solutions, accessible even with bad credit. Get a decision in just minutes and receive your funds the same day.

Find out how we can help you in an emergency.

Don’t miss a thing!

Subscribe to our newsletter and stay informed about the latest updates.

The credit solution that gives you more

Enjoy a wide range of exclusive benefits designed to make your life easier and help you save every day.

Borrow up to $1,500 with bad credit in Ontario

At Alterfina, we believe everyone in Ontario deserves access to financial solutions, even if your credit history isn’t perfect. If you’ve been declined for a loan by banks or need cash quickly, we help people with bad credit get the personal credit they need without judgment or complicated paperwork.

Get $500 to $1,500, even with bad credit
No credit check, no impact on your credit score
Same-day deposit available*
Accessible even if banks have refused your loan
100% online, no paperwork

*If your file is completed and approved before 2:30 PM,
Click here for more details.

3 quick and easy steps to get your cash

What are the benefits of Alterfina's bad credit financing?

How it works

Want to know more? Consult the benefits

Calculate your payments

1 / Desired credit amount*

2 / Payment frequency

3 / Payment amounts

167 $ by paycheck for about 182 days

*Indicative amount. Refer to the legal notices page

Calculate your payments

1 / Desired credit amount*

2 / Payment frequency

3 / Payment amounts

167 $ by paycheck for about 182 days

*Indicative amount. Refer to the

legal notices page

Need cash despite your bad credit score?

Simple, fast, and secure

Find out all about our bad credit solutions

No. The IBV is mandatory to complete a credit application with Alterfina. This process allows us to evaluate your eligibility quickly and efficiently, without unnecessary paperwork.

We apply a fixed annual rate of 18.99%, which is competitive compared to the interest rates offered by most private lenders in Ontario and Canada.

The payment amount is based on your approved credit limit and payment frequency. You can request a justified change by contacting customer service.

Great when you need help and great customer service, thank you.

- Caroline

Thank you for your trust! I appreciate the team who offered great service, thanks!

- Guy

I thank you for your agents who called me at home to confirm. The staff is kind and polite. Thanks for your quick answer! The delay for my deposit was quick.

- Sandie

I liked being listened to and the professionalism. I felt respected. Thank you very much.

- Guylaine

Trusted by thousands across Canada

Whatever your financial situation, we’re here to help you find the best solution.

Need emergency cash? Discover our fast financing solutions, accessible even with bad credit. Get a decision in just minutes and receive your funds the same day.

Find out how we can help you in an emergency.

Find out more about our payday loans alternative

Find out more about our installment loan alternative

Need emergency cash? Discover our fast financing solutions, accessible even with bad credit. Get a decision in just minutes and receive your funds the same day.

Find out how we can help you in an emergency.

Don’t miss a thing!

Subscribe to our newsletter and stay informed about the latest updates.

The credit solution that gives you more

Enjoy a wide range of exclusive benefits designed to make your life easier and help you save every day.

Borrow up to $1,500 with bad credit in Ontario

3 quick and easy steps to get your cash

What are the benefits of Alterfina's bad credit financing?

How it works

Find out all about our bad credit solutions

How do I qualify for a bad credit financing in Ontario?

What types of income are accepted?

What is a credit check?

Whatever your financial situation, we’re here to help you find the best solution.

Borrow up to $1,500 with bad credit in Ontario

3 quick and easy steps to get your cash

What are the benefits of Alterfina's bad credit financing?

How it works

Find out all about our bad credit solutions

How do I qualify for a bad credit financing in Ontario?

What types of income are accepted?

What is a credit check?

Whatever your financial situation, we’re here to help you find the best solution.