The 5 best no refusal payday loans in Canada!

A payday loan is one of the ways you can get extra money almost instantly. Do you know how it works? Keep reading this article to find out the best no refusal payday loan for you!


by Julia Bermudez

Published on 02/22/2022

Find out the best options of no refusal payday loans: instant credit!

Check out the best loan options! Source: Adobe Stock.
Check out the best loan options! Source: Adobe Stock.

If you are looking for a loan to organize your financial life, check out the best no refusal payday loans in Canada!

We know life is full of surprises, and sometimes you may need some credit to figure out an unexpected situation. Or maybe you may need more money to take your plans out of the paper and make them come true.

Also, there may be a moment where you don’t have time to wait for a more complex score credit bureaucratic analysis.

Whatever the reason, a payday loan can be the solution for you. In some cases, when you have a good plan, you can count on the payday loan for some extra input in your business to get you to your profit.

However, a payday loan can’t be a rash decision, and you need to choose wisely and carefully. Keep reading to understand the pros and cons and make the best decision.

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What is a payday loan?

A payday loan is a form of loan for relatively small amounts of money. The agreement consists that the borrower will pay it back when receiving the next paycheck.

Many lenders won’t ask for any credit score analysis, but you actually have to be careful because you will face high rates of interest and fees in the agreement. It doesn’t mean that you shouldn’t get a payday loan, nor that it is a bad way to get money.

Yes, a payday loan can give you the help you need, as long as you do a good research about the lenders. There are a lot of options and reviews about them so that you can watch out for scams or predatory lenders. The government of Canada has strict laws against predatory lenders.

Some things you have to consider before choosing your lender:

  1. Interest rates, fees and APR;
  2. Repayment options: not every lender will accept all of them, so check if the one you prefer is available;
  3. Access to funds: as some lenders operate online, the money may take one or two business days to be in your account. To receive your loan in cash or in a prepaid debit card you´ll need a lender with a physical store;
  4. Application process: some may be more complicated than others;
  5. Eligibility criteria: pay attention to the eligibility criteria, so you won’t waste your time applying for the one you can’t be approved;
  6. Lender reputation.

No refusal payday loans are the easiest ones to get? 

Is it easy to get a payday loan? Source: Pexels.
Is it easy to get a payday loan? Source: Pexels.

To get a no refusal payday loan, you will need:

  • regular income;
  • bank account;
  • permanent address.

Fulfilling these first requirements, you may have to fill out a form that allows the lender to withdraw the total loan amount of your bank account, or the lender may ask for a post-dated check.

So looking this way, it is indeed easier to get. A lot of people can suit this application. However, the loan process is only complete once fully paid back. Take a careful look at the agreement you’re making so you will be able to pay it and finish your debit with the lender.

If you’re facing a recurring financial crisis, you can call Credit Counselling Canada. They give you free financial counseling and suggest other ways to get you out of this situation.

You shouldn’t be picking a payback loan every now and then, as it is the most expensive form to get money. You can try local sources with the government, a side job, or even ask for help from family or friends, or negotiate more time to pay your bills.


5 best no refusal payday loans in Canada: which you should choose?

And what are the best no refusal payday loans in Canada? Source: Adobe Stock.
And what are the best no refusal payday loans in Canada? Source: Adobe Stock.

Now, find out the best no refusal payday loans and choose the one that best fits your financial goals!

Money Mart

Money Mart is an online lender where you can get from $120 to $1500. No credit check is required, but you must be at least 18yo and have a stable source of income.

It is available all across Canada, except Quebec and Nunavut. It has an easy application and fast approval, but remember the high rate interest rates and use it only as a temporary solution.


Cash Money

You can apply at their store, online, or over the phone. They have customer service that will almost instantly help you with your loan and answer all your questions. And once you’re approved, you can have your money in 15 minutes on your bank account.

You can pick up to $1500, so you may choose another lender if you need more money. You’ll have 5 to 40 days to make the payment back. 

iCASH Payday Loan

iCASH is one of the fastest payday lenders in Canada, operating 24/7, and you’ll have up to 62 days to make the payment back. So it is a good choice if you need a fast solution and more time to pay it back.

As the majority of the payback lenders, you can borrow only up to $1500 – and as the interest rates and fees are really high, it wouldn’t be financially healthy to lend much more than this.

iCASH will check your credit score. However, it is not a crucial point, and up to 90% of applications are approved.

Captain Cash

As they say in their slogan, “Captain Cash is here to save the day”. Do you need a little money and a lot of time to pay it back? Call Captain Cash. Not exactly “call”, because they only operate online, so send an email.

In your first time, you can borrow up to $500 and have up to 120 days to pay it back, and if you’re a good customer you can increase this amount of money.

However, as with the majority of payday loans, the interest rates and fees are salty – 22%, which can result in a total amount of $750 payment back for a $500 loan. But if you need it, you need it. 

National Payday Loans

At National Payday Loans, you’ll find accessible applications, online services, fast deposits, and long terms. As you can pick from $200 to $1000 on your first application, you can have up to 3, 6, or 9 months to pay your loan back.

That’s a good time to organize and accomplish the agreement, a great option if you need more time.

But remember: the loan payment is made by automatically withdraw, so be careful, or you’ll experience your bank account going zero in a blink of an eye.

If you want to learn more about investments, you can find many posts on our website, including guides for beginners. You can check below the review of one of the best loan options in Canada, read it to learn more, and succeed in your financial life. 

Logo Fonte: CashMate Financial® fundo vermelho

CashMate Financial® personal loan full review

If you need cash for a personal reason, CashMate Financial® loan delivers it. And you don’t need to leave your home to ask for that. Read the full review in this article!

About the author  /  Julia Bermudez

Julia Bermudez is a writer here on this portal. Since childhood, writing has been a passion, and her curiosity for different subjects led to this profession. Julia has a degree in Cultural Production, and her subjects of most significant interest are health, finances, and self-development.

Reviewed by

Aline Barbosa

Senior Editor

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