1. Online Loan
Make your request by filling out the form.
No Credit Check Loan
Get your loan without sending a single document!
NO CREDIT INVESTIGATION
2. Instant Banking Verification (IBV)
You’ll be approved in seconds!
3. Quick Loan
Deposited directly, you will receive the money the same day*.
*If your file is completed and approved before 11:00.
No credit Check = IBV (Instant Banking Verification) = No Stress
Direct deposit!
Collecting and sending your supporting documents can be very complex. With IBV technology, you won’t have that extra stress.
In addition, we strongly believe that in order to move forward, you have to stop looking back. That’s why we will approve you within minutes without doing a credit check.
We offer no credit loan.
* The simulator example is provided for illustrative purposes only and assumes that the borrowed sums have been repaid in full according to the agreed schedule, without any further withdrawals or cash advances being made before full repayment. The above example includes a weekly membership fee in the amount of $20, which must be paid by the client until the credit is repaid in full.
Loan Calculator
Amount to be paid
Every week
$62
by payment for approximately 91 days
Every two weeks
$106
by payment for approximately 112 days
Monthly
$246
by payment for approximately 92 days
Amount to be paid
Every week
$68
by payment for approximately 119 days
Every two weeks
$120
by payment for approximately 140 days
Monthly
$272
by payment for approximately 123 days
Amount to be paid
Every week
$80
by payment for approximately 126 days
Every two weeks
$137
by payment for approximately 154 days
Monthly
$292
by payment for approximately 153 days
Amount to be paid
Every week
$85
by payment for approximately 147 days
Every two weeks
$152
by payment for approximately 168 days
Monthly
$304
by payment for approximately 183 days
- $500
-
Amount to be paid
Every week
$62
by payment for approximately 91 daysEvery two weeks
$106
by payment for approximately 112 daysMonthly
$246
by payment for approximately 92 days - $750
-
Amount to be paid
Every week
$68
by payment for approximately 119 daysEvery two weeks
$120
by payment for approximately 140 daysMonthly
$272
by payment for approximately 123 days - $1000
-
Amount to be paid
Every week
$80
by payment for approximately 126 daysEvery two weeks
$137
by payment for approximately 154 daysMonthly
$292
by payment for approximately 153 days - $1250
-
Amount to be paid
Every week
$85
by payment for approximately 147 daysEvery two weeks
$152
by payment for approximately 168 daysMonthly
$304
by payment for approximately 183 days
Why choose Alpha Loans?
Zero documents to send
You won’t have to send any document by fax or email.
Security & Privacy
Our IBV technology provides you with increased security and confidentiality.
Without credit investigation
Our procedure does not include a credit check.
Direct Deposit
Receive your loan the same day*, deposited directly into your account
*If your file is completed and approved before 11:00.
Testimonials
FAQ
What is the annual rate?
We work with the best financial institutions to offer you an annual interest rate of 23.99%.
Do you have an example of loans and payments?
Of course, if you need a withdrawal from your $750 facility, our team will ensure that the money is deposited directly into your account before the end of the day. Once you have received your loan, you will be able to pay it back in 10 payments of $120.
This information is given for example purposes only and assumes that the withdrawal made is repaid in full according to the agreed upon amortization schedule, without any new withdrawals or re-borrowing being made before the full repayment.
The above example considers a weekly membership fee of $20, which must be paid by the client as long as there is a balance owing on the credit facility.
The amount of the membership fees is subject to change at any time and Instant Loan reserves the right to modify the fees, their allocation, calculation and the terms and conditions of any new facility granted.
The above example does not include any administration fees, deferral fees, fees for drawdowns refused by your financial institution, re-borrowing fees, maintenance fees or other fees that may be imposed in connection with the occurrence of a default or your management and use of your facility.
What Happens If I Default My Payment?
Your pre-authorized payment has bounced back. In this case, you will be charged a $60 fee. Your financial institution may also charge you an “NSF” fee. It’s always best to make sure you have the necessary funds in place before your withdrawal date to avoid these fees.
Are there any other conditions?
There are still some details you need to know.
Renewal
The renewal of the loan is not automatic. It will be done after the client has made the application and it has been approved by our company.
Amortization schedule
Any initial drawdown on your facility will be amortized over a schedule of equal and consecutive payments allowing full repayment of amounts due over periods ranging from three to six months.
If you need to borrow more money from your credit facility, it will be added to the principal balance that you already owe. A new repayment schedule will be created to spread out the payments over a set period of time. This will also apply to any future borrowing.
What about credit ratings and collections?
Don’t worry. If an incident happens and you can’t make a payment on time, our team will make sure to find a solution with you. However, we abide by Canadian lending standards and regulations. We are therefore obligated to demand full payment of all amounts, interest and other costs incurred if there is a default on an amended contract. Also, if we have any legal fees due to a default on your amended agreement, we will claim those fees and you will have to reimburse us for them. If, for any reason, we cannot agree to repay your loan, we will have no choice but to assign your file to a collection agency, which could affect your credit rating. It is therefore in your best interest to pay your payments on time.
What Is a Payday Loan?
A payday loan is a short-term borrowing option for people who don’t have any savings. The lender will extend credit based on your income and it usually totals a portion of your next paycheck. Pay day loan may be useful in an emergency situation or when you are in temporary financial difficulty (i.e., if you need to cover unexpected expenses or sudden unemployment).
