Life is unpredictable. You never know when you’ll encounter an unexpected car repair or family emergency. With many Canadians living paycheque to paycheque, there isn’t always room in the budget to cover an unexpected cost. In such cases, you may be wondering ” If I need money today, where can I get it?”.
If you have a limited credit history or a bad credit score, you might struggle to qualify for a personal loan or credit card. But, there are options available that can provide fast access to cash when you really need it.
I Need Money Today. How Do I Get It?
If you need immediate access to cash, you do have choices, including these same-day loans:
If you’re short on cash, Bree offers cash advances of up to $500 with zero interest. Bree is an online financial platform that provides interest-free cash advances to help consumers avoid overdrafts and NSF fees. Their mission is to be a dependable and accessible financial source that consumers can trust when they need financial support. Moreover, you can access the money you need with Bree without having to worry about credit checks, interest charges or late fees.
Nyble helps users quickly access a line of credit of up to $250 without credit score requirements. This is a good option for anyone who wants to avoid overdrafts or needs a small amount of cash quickly. Approval is instant and funding takes up to 3 days. But if you upgrade to a paid membership for $11.99 a month, you can receive your money within 30 minutes. Nyble reports your payment history to the credit bureau monthly and approves you for large amounts as you build trust with the platform. You can also track your credit score, earn reward points for improving your score, and access other features such as credit monitoring and digital identity theft protection.
Available in seven provinces, iCash is an online source of fast, small loans that can be used for any emergency. Approved applications are processed within the same day and no documentation is required before the transfer of your funds. You can borrow up to $1,500 with iCash. Every time you pay the loan back following the agreed-upon deadline, you become a more reputable borrower. The increased trust allows you to borrow more each time. iCash uses a Trust Rating System, an algorithmic function that determines your merit as a borrower.
AimFinance is a financial service that provides small personal loans up to $1,000 to borrowers in Ontario and BC. The online application process is quick and easy, and funding is provided in as little as 24 hours. Loan terms range from 9 to 24 months, with interest rates ranging from 29% to 35%. AimFinance focuses on helping bad credit borrowers access credit without the need to undergo a credit check. So, if you have bad credit, you’re still eligible to apply.
GoLoans is a Canadian financial services company that offers online installment loans. The online application process can be completed in a few minutes, with funding available in as little as 2 hours or less after approval. GoLoans does not require credit checks and aims to help borrowers build their credit scores with timely payments. Repayment terms are flexible and range from 91 to 120 days or longer, depending on your needs. This flexibility makes GoLoans a convenient financial solution when you need fast cash and easy repayment terms.
LoanMeNow offers Canadian consumers quick access to the cash they need. They offer loans up to $1,000 with no credit check required. Funds are deposited directly into your bank account within as little as 24 hours. A short-term loan from LoansMeNow can help you cover the cost of an unexpected expense or tide you over until your next paycheque. Whatever your financial needs are, LoanMeNow’s quick approval time means you’ll be able to get back on track as soon as possible.
Venue Financial is a financial services company that offers short-term lending solutions online and in person to consumers in British Columbia (BC). The application and approval process is quick and easy, with funding available via e-transfer shortly after approval. All income types are accepted, and flexible repayment terms make repayments manageable for borrowers. No credit check is required, making Venue Financial a suitable option for bad credit borrowers or those with no credit history.
Wagepay is an online financial services platform that provides early payday advances, allowing consumers to access some of their upcoming paycheques before payday. The sign-up process takes just a few minutes, with up to $1,500 made available shortly after approval. No credit check is required, making it a great option for bad credit borrowers in need of cash but can't wait for their next paycheque to come in.
Cashco Financial is a Canadian financial services company that offers short- and long-term loan options. Payday loans for up to $1,500 are available with no credit checks and instant approvals. Flex loans are available for up to $7,000 with loan terms of up to 60 months and flexible repayment options. Cashco is known for providing same-day funding, ensuring you have access to the money you need quickly.
Cash Money has been helping Canadians access easy and quick loans for more than 30 years. They offer payday loans, personal loans, and line of credit loans from $1,500 to $10,000. User will enjoy their simple online application, personalized options, and same-day funding. Whether you need to cover an emergency expense or simply need to make it to your next payday, Cash Money can a variety of options to meet your needs.
Captain Cash specializes in providing quick online cash loans to consumers of all credit types. You can get up to $750 and repay your loan over a term as long as 3 months or more. Same-day approvals are available when you apply during business hours and funds are sent via email money transfer. If you have bad credit, you’re still encouraged to apply, as no credit check is required.
Cash4You is a financial services company that offers payday loans and installment loans. Payday loans are available for up to $1,500, and installment loans are available for up to $15,000. Cash4You provides an easy and efficient application process, which can be done either online or in-store. Loan applications can be approved very quickly and funding provided shortly after. Cash4You caters to consumers with varying credit scores, so bad credit borrowers may apply.
Pay2Day is an online payday lender in Canada that offers small, short-term payday loans for up to $1,500. The company has over 30 locations across Canada, giving borrowers the option to apply either in-person or online. Loan applications and approvals are available 24/7, with funding available in as little as 1 to 2 hours via e-transfer. No credit checks are required, making payday loans from Pay2Day accessible to bad credit borrowers. Pay2Day aims to make financial solutions more accessible, quick, and convenient for Canadians in need of fast cash but who don't have the credentials to secure a traditional loan.
My Canada Payday is a licensed payday lender specializing in short-term loans with fast approval and no credit checks, making them an ideal option for bad credit borrowers with urgent financial needs. Loans are available from $100 to $1,500, with funds available via e-transfer in as little as 15 minutes after approval.
Speedy Cash is a financial services company in Canada that provides payday loans both online and in person. Loan amounts are available from $200 to $1,500, based on income. The application and approval process is straightforward, and no credit check is required. Once approved, you can receive the funds as quickly as 30 minutes later via e-transfer.
Loan Express is an online lender that provides payday loans up to $1,500 with high approval rates and e-transfers available in as little as 2 minutes. Loan Express specializes in making small loans accessible to consumers with various credit backgrounds, including those with bad credit. If you're not employed and are collecting a pension or government benefits, you may still be eligible for a small, short-term payday loan from Loan Express. The simple and straightforward online application process makes Loan Express a viable option for those who need immediate financial relief.
Before you borrow money, take some time to carefully weigh the benefits and risks associated with each option.
Credit Card Cash Advance
A credit card cash advance allows you to borrow money against your credit limit. While it’s a convenient way to borrow, it’s also expensive. Unlike a regular credit card purchase, which provides a grace period before interest is applied, you start accruing interest immediately on a cash advance. Plus, the interest rate is typically higher than the regular purchase rate.
With a cash advance, you can get immediate access to money using an ATM or by visiting your bank.
A car title loan is a short-term loan that allows you to borrow against the equity you’ve built in your car. To get a title loan, you have to put your car up as collateral.
It is typically easier to get a loan with collateral because it lowers the risk to the lender. However, if you fail to make your loan payments, you can lose your vehicle.
With a title loan, you can usually access money within a few hours or days after approval. Applying online can help to expedite the process.
Pros:
Quick approval
No hard credit check
You can still use your car
Cons:
High-interest rate
Additional fees
You risk losing your car
Family and Friend Loan
If you want to avoid taking on a loan with a high-interest rate, consider borrowing from a family member or friend. While it’s usually a more affordable way to borrow, you risk complicating an important relationship if you can’t repay what you owe.
How fast you can get money depends on how available it is to the person you’re borrowing from. If they have cash sitting in a savings account, you can likely access the money within a few hours if they agree to e-transfer it into your account.
Pros
Cheap interest, or no interest
Avoid expensive loan options
No credit check
Cons
Risk destroying a relationship
Sum might be smaller than what you could borrow somewhere else
No opportunity to build credit
Payday Loan
A payday loan is a short-term loan with extremely high borrowing costs. Payday loans usually charge a flat borrowing fee which can be as high as $17 for every $100 you borrow. You may also have to pay additional fees and interest if you can’t make your payments on time.
Before taking on a payday loan, consider if you have any other options available.
While payday loans can give you access to money within a few hours or days, if you can’t repay your loan, it’s easy to find yourself in a cycle of debt.
Pros:
Fast access to cash
No credit check
No collateral required
Cons:
Extremely expensive way to borrow money
No opportunity to build credit
Easy to fall into a cycle of debt
Pawn Shop
A pawn shop loan is a short-term loan that requires you to put up collateral such as jewelry, electronics, or power tools. A pawnshop lender will typically offer you 20% to 60% of your item’s value. You can negotiate the loan amount and interest rate based on the value of your collateral.
With a pawn shop loan, you get access to cash as soon as you negotiate a price.
If you can’t pay your loan, the pawnshop lender will sell your item and keep the money.
Pros:
Instant access to cash
No credit check required
No risk to credit score
Cons:
High borrowing cost
Usually small amounts
Risk losing collateral
If I Need Money Today How Will I Receive It?
Credit card cash advance: Cash from an ATM or by visiting your bank or financial institution
Car title loan: Cash, direct deposit, or cheque
Friend and family: Whatever you and your friend or family member agree to
Payday: Cash, e-transfer, or direct deposit
Pawnshop: Cash or cheque
Where Can I Get A Loan Quickly If I Need Money Today?
Here are a few loan services you can get a loan quickly:
Nyble
Nyble is a Canadian company that helps people with no credit or bad credit access credit and build their credit score.
How much can you borrow? You can access an interest-free loan of up to $250 that can be used to prevent overdraft fees or to pay your living expenses.
Who is eligible? You must be 18 years old and a resident of Canada. You will also need to verify your income and that you have a Canadian bank account with income deposits. There is no credit check.
How fast can you get cash? Approval for a Nyble line of credit is instant but it will take up to 3 days to access the money. If you’re interested in quicker funding and additional perks, you can opt to pay for a membership which costs $11.99 a month.
Pay2Day
Pay2Day is a payday loan lender available online or in-store at locations in British Columbia, Ontario, and Nova Scotia.
How much can you borrow: You can borrow up to $1,500.
Who is eligible: You must be 18 years or older, have a bank account, access to online banking, and demonstrate employment income.
How fast can you get cash: You can get cash immediately in-store or within one to two hours via Transfer.
Bree
Bree is a fintech company that provides short-term cash advances with no interest and no fees.
How much can you borrow: You can borrow up to $500 to prevent overdraft fees.
Who is eligible: You must be 18 years or older, a resident of Canada, and hold a Canadian bank account. You also have to demonstrate consistent income and that you have enough income to repay your funds.
How fast can you get cash: Bree offers two delivery options. You can opt for the standard delivery or get your money a bit faster with the Express delivery option. However, the express option does have a small fee attached to it.
Loanz
Loanz is an online platform that allows you to compare multiple loan options using one application.
How much can you borrow: You can borrow between $1,000 to $15,000.
Who is eligible: You must be over the age of 18, have a chequing account, and a stated source of income. You can not be in collections or bankruptcy.
How fast can you get cash: It’s possible to get approved in minutes for up to $15,000. You can receive your funds in as little as 15 minutes.
Mr.Payday
Mr.Payday is a payday loan lender in British Columbia, Alberta, Newfoundland, Nova Scotia, Ontario, Prince Edward Island, Yukon, Nunavut, and Northwest Territories.
How much can you borrow: You can borrow between $50 and $1,500.
Who is eligible: You must be at least 19 years of age and have a monthly income of at least $1,100. You must be with your current employer for more than two months and have an active chequing account. You also have to provide a phone number where you can be reached.
How fast can you get cash: It usually takes 30 minutes to get approved for a payday loan during business hours. Once your application is approved, you can expect to get an email money transfer within an hour.
Getting Cash Quickly and Your Credit Score
Many “no-credit-check loans” such as a payday loan, don’t require a hard credit check because they use other criteria, such as income verification, to determine eligibility. Alternatively, car title loans and pawn shop lenders use collateral to reduce their risk.
Not having a credit check permits people with a limited credit history or bad credit score to have quick access to cash.
You can expect a hard credit check when you take on a new credit product such as a mortgage, credit card, or personal loan. A hard credit check can affect your credit score.
Anytime you check your own credit score or, if you are preapproved for a credit product, a soft credit check is performed. A soft credit check will not impact your credit score.
If you encounter an emergency or an unexpected expense, it is possible to get immediate access to money. This is true even if you have a limited credit history or poor credit score. However, loans that don’t require a credit check typically come with high interest rates and fees or require you to put up collateral that you risk losing if you don’t repay the loan. Make sure you carefully weigh the pros and cons of each option before making a decision.
Quick Cash FAQs
Can I get an emergency loan with poor credit?
It is possible to get a loan with a poor credit score. There are several “no credit check loans” available to Canadians that allow them to access a loan with a limited credit record or a poor credit score.
Does a cash advance on a credit card get reported to a credit bureau?
If you take out a credit card cash advance, this amount is added to your credit card total. Your credit card balance is reported to the credit bureau and is visible on your credit report.
I need money today, can I get a no-credit-check loan?
Yes, it is possible to get money the same day with a no-credit-check loan. For instance, you can use your credit card to take out a cash advance at the ATM.
Can I get a loan if I don’t have a job?
If you don’t have a job, you can consider using a credit card cash advance to get quick access to money. However, if you don’t have the means to repay the advance, you risk going further into debt and making your financial situation worse.
Jessica is a freelance writer, professional researcher, and mother of two rambunctious little boys. She specializes in personal finance, women and money, and financial literacy. Jessica is fascinated by the psychology of money and what drives people to make important financial decisions. She holds a Master's of Science degree in Cognitive Research Psychology and Bachelor's degrees in Communications, and Psychology. Jessica is also a Certified Financial Education Instructor℠ (CFEI®). Her work has been published on Investopedia, The Balance, Money Under 30, Time.com, Seeking Alpha, Consumer Affairs, and more.
From April 15 – June 30, 2025: New members can get $150* when they open and use a Free Chequing, Free Debit and More Account®. *Conditions apply. See full terms and conditions when you visit the Coast Capital website.
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