No Credit Check Loans is an online Canadian private lender servicing Vancouver, Abbotsford, Kelowna, Calgary, Edmonton and other areas across BC and Alberta. We provide unsecured loans at reasonable interest rates, especially when compared to other private lenders and payday lenders. In fact, many of our customers borrow from us in order to refinance ultra-high interest loans.
Our perspective on credit scores
We recognize that people are more than credit scores. We think a borrower can be shaped by their future, rather than being defined by a credit history. With that view in mind, we work with loan applicants one-on-one to understand their borrowing needs.
Who we help
We give loans to people with good credit, bad credit and no credit at all. We also give loans to small businesses. We currently only operate in BC and Alberta.
Why choose us
We know we aren’t the only lender out there. That’s why we work hard to differentiate ourselves by offering reasonable loan terms and excellent customer service.
We are a responsible lender
Some lenders hope to trap their borrowers in an everlasting cycle of debt. That’s not us.
No Credit Check Loans is a responsible lender. We are here to provide our customers with short-term financial relief by offering 1-year loans. Our interest rates are typically higher than what is charged by banks and credit unions, but lower than what payday loan companies cost.
We are not a suitable solution for people and businesses who seek long-term financing. In order to qualify for a loan you will need to demonstrate that you can repay it within 12 months. That might mean:
- making instalment payments
- preparing to make a balloon payment at the end of the term
- refinancing with another lender at a lower interest rate
- selling assets, such as real estate or vehicles
Our rates are competitive
Our interest rates range from 15% to 31% per annum. That can be quite a bit less expensive than the rates offered by other private lenders across Canada.
Our loan agreements are easy to understand
Some loan agreements are lengthy documents that can be difficult to comprehend. Important terms, such as fees and penalties, are buried deep beneath pages of legalese.
On the other hand, our loan contracts are short, simple agreements. They’re easy to read and we also provide additional disclosures so that you know what the total cost of credit is.
The types of loans available through us
We offer three kinds of loans:
Personal loans
We provide personal loans to British Columbia and Alberta residents without conducting a credit check. If you earn more than $4,000 per month and have had a job for at least three months, you are an eligible candidate for a loan. We sub-specialize in the following personal loans:
- loans for newcomers to Canada
- debt consolidation loans
- emergency loans
- divorce loans
- loans to pay judgements
- bankruptcy/consumer proposal loans
- down payment loans
- loans for people with no credit history
Business loans
Our no credit check loans are available to small businesses in British Columbia and Alberta. If your company’s monthly sales are $10,000 or more, then it is an eligible candidate for a loan. Learn more here.
Loans to buy a business
We provide loans to buy a business in BC and Alberta. If the prospective company’s monthly sales total $10,000 or more, then it is a candidate for a loan. We also finance the purchases of online businesses, provided that you live in either BC or Alberta.