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Bad Credit Loans in Calgary

Canadians can get up to $1,500 with a bad credit loan in Calgary, regardless of their credit score. In Canada, the average credit score is around 650, on a scale of 300 to 900. Yet, a “good” credit score doesn’t technically start until scores reach at least 660, meaning the average Canadian only has a “fair” credit score.

Given that this is an average, many millions of people have a score in the fair or even the poor range. This often means limited access to credit products and low odds of approval.

Yet, those suffering from poor credit and financial difficulties are often the people who most need access to financial help. That’s where bad credit loans for Calgary, Alberta, and elsewhere in Canada come into play.

These type of bad credit loans from iCASH are the fastest way to get instant cash to pay for urgent expenses. The online application process is fast, efficient, easy and there is no paperwork. It only takes 10 minutes to complete and approval is provided within seconds.

While they are usually small and short-term in nature, they can provide valuable cash to those who need a little extra breathing room with their finances. That can be a significant advantage for people struggling with financial trouble, who traditionally may not be able to access bank loans or other forms of credit.

Often, bad credit loans in Calgary and elsewhere also have reduced or more-easily-met qualification requirements, such as a low credit score or no minimum credit score at all. By contrast, bank loans and other traditional forms of credit often require a “good” credit score or higher, placing them out of reach of many Canadians—fortunately, loans for poor credit help to reverse that trend.

Typically, customers seeking bad credit loans in Calgary have urgent expenses and financial needs they are trying to meet. Common uses for these short term loans include helping to manage cash flow (such as making ends meet until their next paycheck), paying for home and auto repairs, home improvements, repairing or replacing broken-down appliances, or dealing with family emergencies.

Poor Credit Loans Calgary

Bad credit Payday Loans in Calgary

Bad credit payday loans in Calgary are functionally similar to any other kind of short term loan. They provide a borrower with money for a period, which must then be repaid with interest.

However, there are numerous differences in the details as to how these payday loans work, which separates them from conventional loans or bank loans. In those details, the benefits and accessibility of bad credit payday loans become far more obvious.

First, there is no collateral requirement for payday loans for bad credit. There’s no need to have sufficient liquid assets, have their value evaluated, and put them up against the loan. That’s a process that can take a great deal of time with traditional loans. Removing that requirement makes these small loans much more comfortable and quicker to obtain.

In Calgary, bad credit payday loans of up to $1,500 are available quickly, often the same day or even faster. They provide instant access to cash that customers can put to use right away for their financial needs.

Like all types of loans in Alberta, there is an interest fee charged. Borrowers are required to repay the loan in full, with interest, by the due date. However, many companies offering bad credit payday loans for Calgary residents have multiple repayment options*.

Borrowers can apply online, or through a brick-and-mortar money loan places in some areas. Online loans are usually much more convenient and may be obtained faster.

Reputable direct lenders offering loans online can often provide instant approval and fund customers in an hour or less in many cases. They also have minimal or no minimum credit score requirements, making them a perfect choice for those customers with less-than-perfect credit or limited credit history.

Unsecured Personal Loans for Bad Credit in Calgary

Unsecured personal loans for bad credit in Calgary do not require you to put up collateral to back up the loan. They are also unrestricted and can be used in whatever way a customer sees fit.

Bad credit personal loans aren’t tied to a specific purchase in the same way an auto loan or home mortgage typically is structured. Unrestricted cash allows borrowers to use the money to improve their financial situation.

In Calgary, unsecured personal loans for bad credit offer some advantages over traditional bank loans and other forms of credit – even brick-and-mortar loan stores. The long and short of it that they make it easier and faster to apply to get funded, and improve borrower’s odds of being approved – even with bad credit.

Where banks typically approve applicants based on credit score, online lenders often accept over 90% or of applicants. Direct lenders use different metrics to determine risk as compared to banks and traditional lenders, de-emphasizing the importance of credit score.

Leading lenders offering these personal loans increase accessibility further by accepting multiple different sources of income towards meeting loan eligibility requirements. Wages, government benefits, retirement accounts, social welfare programs, are all typically taken, which is a significant advantage for those who may be receiving these sources of income.

Also, the technical aspects of bad credit personal loans help to get cash into borrowers’ hands faster than ever before. A secure online application takes just minutes to complete. Automation and technology can provide application approvals 24/7.

Some lenders offering bad credit personal loans for Calgary residents even provide instant approval, cutting out the stressful waiting period associated with a traditional loan. In about a minute, customers can receive their approval decision even on the weekend, or at 3 am on a weekday – whenever it is convenient for them!

Need a Bad Credit Loan in Calgary?

It can be challenging to find credit and loan solutions to get through tough times. Bad credit loans in Calgary, Alberta, are the ideal solution to get quick cash when you need money fast.

Calgary is Alberta’s largest city, and it is, therefore, not surprising that there is a diverse and vibrant economy at its heart. It is also consistently ranked near the top of lists looking at most desirable and most livable cities around the world, with great amenities, attractions, and a relatively mild climate compared to cities further north in Canada.

Yet, despite all that it has to offer, Calgary residents still struggle. Unemployment in Calgary remains significantly higher than the national and provincial averages. This is primarily driven by a downward trend in the energy and natural resources industries.

Often, those at the bottom of the economic ladder tend to take the earliest and largest hits in any such economic shifts, and Calgary residents are no different. Those who have lost their jobs or struggle to find work will often miss bill payments, for instance, and have negative impacts on their credit score.

Fortunately, bad credit loans in Alberta can be easily obtained via online lenders like iCASH. Residents of Calgary can apply online, get approved, and get funded the same day (or even the same hour in some cases).

For struggling residents, the speed, high approval odds, and ease of obtaining loans for poor credit in Calgary can make a huge difference in their financial situation, and help pave the way to a brighter financial future.

With no minimum credit score requirement for applicants at iCASH, bad credit loans in Calgary are a possibility even with a poor credit score and no collateral.

We offer bad credit loans in these cities of Alberta

in Edmonton, Medicine Hat, Wood Buffalo, Red Deer, Lethbridge, Airdrie, Fort McMurray, St. Albert.

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Apply for a Bad Credit Loan in Calgary, Alberta!


Apply Online

Just use the simple form on our website – select the amount of cash that you want to borrow, your repayment plan*, provide some information and you’re on your way.


Instant Decision

Complete your online loan application. You’ll receive an instant decision, so you can put your finances back on track. Fast, easy and reliable loans from a trusted licensed direct lender.


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Your funds will be sent via e-transfer in 5 minutes or less. Our transfers mean your money is available anytime you need it. Safe, emergency loans with same day funding.

Maximum repayment period 62 days. APR is 109.50%. On a $500 loan of 14 days, the total cost of borrowing is $75, with a total payback amount of $575 and an APR of 391.07%. Interest fees: Alberta $15 per 100, British Columbia $15 per 100, Manitoba $17 per 100, New Brunswick $15 per 100, Nova Scotia $17 per 100, Ontario $15 per 100, PEI $15 per 100. 372 Bertha Street, Hawkesbury, Ontario, K6A 2A8. iCASH only offers online services. Please note that we cannot accept customers or conduct any transactions from this location.

Bad Credit Loans Calgary FAQs

What do I need to apply for an online loan for bad credit in Calgary?

The requirements to apply for an online loan for bad credit in Calgary are:

• Be 19 years of age or older.
• Be a Canadian citizen and a resident of Alberta.
• You must have been receiving the same source of income for at least three months.
• You must have a net income of at least $800/month.
• You must have a Canadian bank account open for at least three months, with access to online banking functionality.
• You need a valid mobile phone, email address, and home address.

Where can I get a payday loan in Calgary?

Payday loans in Calgary are available from both brick-and-mortar loan stores and online direct lenders like iCASH. We are available 24/7, whereas loan stores have more restricted hours. Customers seeking loans in Calgary often have a higher chance of approval with online lenders, due in part to lower or no minimum credit score requirements.

Can I get a bad credit loan while on EI benefits in Calgary?

Yes, you can get a bad credit loan on EI benefits in Calgary! We accept multiple forms of income towards meeting the minimum monthly income requirement. Employment wages are most common, but social welfare programs, government benefits, retirement benefits or pensions, and other recurring income streams are all accepted.

Just detail the sources and amounts in the “Employment Details” section of the online application.

Can I get a bad credit loan with no credit check in Calgary?

We don’t offer bad credit loans with no credit check in Calgary. Your credit score does not need to stop you from getting a loan with online personal lenders in Calgary! Most lenders still perform a credit check as part of the application process, even for bad credit loans.

We use this check to verify your identity and other information included on the loan application. Top lenders like us will never reject a loan application solely based on a poor credit score. Therefore, there’s no reason to fear a credit check, as it won’t affect your approval odds.
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iCASH offers a unique Cashback program to reward its customers in Canada. You can get back up to 20% of the cost of borrowing paid once your loan is repaid and receive your Cashback direct into your bank account the same day. Real saving and real Money!*

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