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Find A LenderAlterfina: 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% |
Terms | Flexible |
Repayment Options: | Weekly, every 2 weeks, or monthly |
Funding Time | Same business day |
Availability | Quebec & 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
Phone | Quebec 1-888-350-7738 (514) 313-0106 Ontario 1-888-307-7738 (437) 529-0106 |
Contact Form | |
Offices | Alterfina 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?
Alterfina | Payday Loan | |
Credit Amount | $500 – $2,500 | Up to $1,500 |
Interest | 18.99% | $14 per $100 |
Term | Flexible | 14 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.