Join millions of Canadians who have already trusted Loans Canada
Find A Lender

Alterfina: Overview

Alterfina offers online financing solutions for people of Quebec and Ontario. Alterfina was founded in 2013 to help people access fast cash without a credit check. The company’s mission is to offer accessible credit solutions, as quickly as possible, particularly for those who can’t meet the stringent credit score criteria that conventional lenders demand. 

If you’ve got bad credit, you won’t have to worry about having your credit report pulled with Alterfina. Alterfina provides personal credit without the need for a credit check.


What Do We Think Of Alterfina

Best for– People looking for small, fast credit with no credit checks.
What we like– No credit checks
– No documentation required
– Request processed in less than 24 hours (same business day)
What we don’t like– Only available in Quebec and Ontario
– Max credit amount available is $2,500

What Does Alterfina Offer? 

Alterfina offers personal credit with fast funding and no credit checks, making it a great option for those looking to cover any pressing expenses. 

Alterfina Personal Credit Features

Credit Amount$500 – $2,500 
Annual interest rate (APR):18.99%
TermsFlexible
Repayment Options:Weekly, every 2 weeks, or monthly
Funding TimeSame business day
AvailabilityQuebec & Ontario

Am I Eligible For An Advance With Alterfina?

Alterfina has minimal requirements for obtaining personal credit:

  • Be at least 18 years old
  • Live in Quebec or Ontario
  • Have worked at your current job for at least 3 months and/or have a qualifying income source
  • Have an active bank account in Canada
  • Not in bankruptcy
  • Earn at least $1,500/month if you’re in Quebec or $2,500/month if you’re in Ontario

Do I Need Good Credit To Get A Personal Credit With Alterfina?

You don’t need good credit to get approved for a personal credit from Alterfina. They won’t pull your credit report, so if your score is on the lower end, you won’t have to worry about being turned down for a personal credit. Alterfina doesn’t deny credit applications based on low credit scores, as long as you meet the eligibility requirements mentioned above. 


How Do You Apply For A Personal Credit With Alterfina?

You can easily apply for personal credit from Alterfina in just a few minutes. Just follow these steps:

Step 1: Fill Out The Online Application

During your application, you’ll choose your credit amount and create an account. You’ll need to provide certain details such as your full name, address, phone number, and e-mail address. 

Step 2: Have Your Bank Account Verified

The next step involves verifying your income and identity through instant bank verification (IBV). Alterfina uses Flinks, a well-known and reputable IBV service that’s used by many other companies such as Wealthsimple and Paybright.  

You’ll need to enter your banking credentials, but don’t worry, Alterfina will not be able to see your information or password. They will simply get a read-only bank statement, which they will use to verify your income and identity. 

This process is safe and quick, as you don’t have to upload any documents. 

Step 3: Get Funded

Once you fill out the application and complete the instant bank verification process, Alterfina will process your application. If approved, you’ll get a response and money will be deposited into your bank account.


Benefits Of A Personal CreditFrom Alterfina

Here’s why Alterfina could be a great alternative to traditional credit products and payday loans, especially if your credit score isn’t the strongest.

  • No credit checks. One of the biggest benefits of Alterfina is that no credit check is required. So, if you have bad credit, a personal financing from Alterfina can be a great option.
  • Fast funding. You can get your money usually on the same business day. This makes an Alterfina personal credit ideal if you have urgent expenses that need to be covered. In some cases, due to your bank verification processing time, it may take 24 to 48 business hours to receive them in your bank account.
  • Paperless application. Everything is done online thanks to Alterfina’s innovative digital technology and instant bank verification process.

Is Alterfina Safe? 

Yes, Alterfina is a safe company in business since 2013. They’ve funded over 200,000 to 300,000 people in the last 5 years. They’re also a certified lender of the Canadian Lenders Association.


How To Contact Alterfina

PhoneQuebec
1-888-350-7738
(514) 313-0106

Ontario
1-888-307-7738
(437) 529-0106
EmailContact Form
OfficesAlterfina Québec
7750 boul. Cousineau suite 302
Saint-Hubert, QC
J3Z 0C8

Alterfina Ontario
100 King Street W – Suite 5700
Toronto, ON
M5X 1C7

How Does Alterfina Compare To Payday Loans?

AlterfinaPayday Loan
Credit Amount $500 – $2,500 Up to $1,500
Interest18.99%$14 per $100
TermFlexible14 days (up to 62 days)

Final Thoughts

Overall, the Alterfina personal credit application, approval, and funding process is quick and easy. Everything is done online, and the funds are available within a few hours of approval. Plus, there’s no need to worry about the lender seeing your credit score, since no credit check is done: good and bad credit is accepted.


Alterfina FAQs

How fast can I get money from Alterfina?

You can get approved and funded for a personal credit from Alterfina the same day you apply. In some cases, it may take 24 to 48 business hours to receive them in your bank account due to your bank’s processing time.

Who can apply for a loan with Alterfina?

Anyone over 18, lives in Quebec or Ontario, earns at least $1,500 to $2,500 a month (depending on location), and has an active bank account can apply and get approved for a personal credit from Alterfina. Good credit is not required.

Can I get a credit with bad credit?

Yes, Alterfina accepts bad credit borrowers. In fact, Alterfina does not require any credit checks, so you can qualify regardless of what your credit score is. 

Does Alterfina do credit checks?

No, Alterfina does not pull credit reports. When you apply for a personal credit with Alterfina, they’ll evaluate your income and bank statements to determine your eligibility for the advance.

How do I contact Alterfina If I have questions?

Call Alterfina at 1-888-350-7738 if you’re in Quebec, or 1-888-307-7738 if you’re in Ontario. You can also fill out their online contact form to reach someone.

Services & Products

Alterfina Offered Services

Cash Advance

Loan Range
  • $500 – $2,500
Interest Rate
  • 18.99%
Terms (Months)
n/a
Funding Time
n/a
Funding Method
n/a
Repayment Options
n/a
Eligibility
n/a
Requirements & Documents
  • At least 18 years old
  • Live in Quebec or Ontario
  • Have worked at your current job for at least three months and/or have a qualifying income source
  • Have an active bank account in Canada
  • Not in bankruptcy
  • Earn at least $1,500/month if you’re in Quebec or $2,500/month if you’re in Ontario

Reviews

Reviews & Rating

No reviews exist for this provider yet. Click on the button below and be the first to leave a review!


Expand Your Search

Find Other Lenders In This Region

Filters
Loading...
Loans Canada
Loans Canada
Amount
Up to $50,000
Rate
Prime to 35%
Term
3-60 months
Spring Financial - Best User Experience
Spring Financial
Amount
Up to $35,000
Rate
9.99% – 34.95%
Term
9 – 78 Months
iCash - Best Quick Option
iCash
Amount
Up to $1,500
Rate
$14 per $100
Term
Up to 62 days
Fora - Best Overall
Fora
Amount
$1,000 – $15,000
Rate
19.9% – 34.9%
Term
Mogo Finance - Highest Approval Chance
Mogo Finance
Amount
Up to $5,000
Rate
34.37%
Term
Fairstone Financial - Best For Homeowners
Fairstone Financial
Amount
Up to $60,000
Rate
19.99% – 34.99%
Term
6 – 120 months
easyfinancial
easyfinancial
Amount
$500 – $150,000
Rate
9.99% – 34.99%
Term
9 - 240
Money Mart
Money Mart
Amount
$500 – $25,000
Rate
29.9% or 34.28%
Term
6 – 84
Cash Money - Best Quick Cash Option
Cash Money
Amount
Up to $10,000
Rate
Varies by product
Term
Varies by product
Bree - Best Interest-Free Option
Bree
Amount
Up to $500
Rate
No Cost!
Term
Up to 65 days
Nyble - Best Credit Building Help
Nyble
Amount
$250
Rate
No Cost!
Term
SkyCap Financial - Best Alternative Option
SkyCap Financial
Amount
$500 – $100,000
Rate
12.99% – 34.99%
Term
9 – 60 months
LoanMeNow - Best For Low Credit
LoanMeNow
Amount
$500 – $1000
Rate
Up to 32%
Term
3 months
goPeer
goPeer
Amount
$1,000 – $25,000
Rate
Term
Unfortunately we couldn't find you a provider with the given filters