Unsecured Personal Loans Bad Credit Instant Decision Canada

How much would you like to borrow?


How many repayments?

Where do you live?

Lender licences
Get my loan
+ 300 000
members since 2014
of approved applications
4.9out of5
customers would recommend us to their friends

Customer Rating

Unsecured Personal Loans for Bad Credit with Instant Decision

An unsecured personal loan for bad credit with instant decision allows Canadians to borrow up to $1,500 without putting up any collateral. If you qualify, you can get the funds the same day, use the money as you see fit, and repay it to the lender at a pre-arranged time frame.

Everyone needs to borrow money, whether it’s for a new car, upkeeping the home, taking a vacation, fixing a car. Many Canadians, however, have a difficult time getting a loan due to poor credit history.

Too often, this leaves customers who have poor credit out in the cold, with no chance of getting approved for the money they need. However, private online lenders, like iCASH, allow Canadians to obtain small personal loans with instant decision even if they have poor credit without needing a co-signer.

We believe that all Canadians, regardless of their credit scores, deserve access to fast cash. Thanks to our advanced modern computer software, we can more accurately paint a whole picture of your current financial status. Plus, we do not have the same strict conditions that banks and traditional financial institutions do.

Your income and financial stability are far more important to us. If we determine that you’re able to repay the loan when it’s due, there’s an excellent chance you’ll be approved for an unsecured loan for bad credit with instant decision.

In fact, we instantly approve over 90% of all Canadians who apply with us. While individuals cannot be guaranteed that they will always get approved, the odds are excellent that they will be.

There are many reasons that people choose to work with us to get unsecured personal loans for poor credit. Not only do we provide an immediate decision, but you can also pay back your small loan multiple payments, depending on the province you reside in.

Unsecured Bad Credit Loans

Advantages of Unsecured Loans for Bad Credit

The main advantages of getting approved for unsecured loans for bad credit are:

1. Unsecured loans do not require any collateral.
2. People who have poor credit can still apply and get loans from private lenders because they have different criteria for who they approve.
3. You can receive an instant decision when applying with a modern lender.
4. The funds from the cash loan can be used for any reason with no restriction.
5. As a borrower, you are protected because you’ll never be responsible for more money than the original value of the loan plus interest payments.
6. Private lenders provide flexible repayment options* allowing you to pay back the money over time.
       • iCASH provides you the options to have more time to repay the money you borrowed with no additional interest.
7. Online lenders provide e-Transfer loans with same day approval.
       • You don’t need to fill out or fax any documentation. The process is fast and easy when you apply for an instant loan online.
8. Upon being approved, you’ll sign the loan documentations online and get the money within minutes via e-transfer.

Everyone is different, and so are their needs. Canadians can get the cash they need with no security deposit and without putting up any guarantee. To qualify for an unsecured loan for bad credit in Canada, you need to meet the following criteria:

• Be at least 19 years old and a Canadian citizen.
• Reside in Alberta, British Columbia, New Brunswick, Ontario, Manitoba, Nova Scotia, or Prince Edward Island.
• Be employed with the same employer for the past 3 months.
• Receive your pay by direct deposit.
• Provide proof of a stable monthly income of at least $800/month.
• The reason for this is to show the lender that you can repay the loan on time. Some lenders consider your income to be as, if not more important than your credit score history.
• Have access to a Canadian bank account has been open for at least 3 months.
• Have a valid mobile phone, email and home address.

The math is pretty clear: quick unsecured loans for bad credit are usually the better deal for consumers. This is especially true when dealing with personal finances — you don’t want to risk more than you have to pay your bills.

Unsecured Bad Credit Loans Online

In Canada, online lenders make it easy to apply, qualify for, and receive unsecured bad credit loans online, without having to find a physical store in your neighborhood.

Now, all you have to do is locate a loan company that makes their efficient services accessible via a customer-friendly website and mobile app.

Because it is unsecured, there is no need for the lender to evaluate collateral, determine a value, and integrate that into writing the loan. Everything can be handled quickly online.

While all lending companies are different, the general application process online can be stress-free, depending on the institution.

At iCASH, you simply need to fill out an online application form, which takes less than 10 minutes to complete. Then answer the basic questions to establish your identity, bank account, income, and employment information.

After you submit your application, it’s processed right away by advanced AI-driven software. The system uses machine learning to automatically review and analyze all the data you provide as well as perform a credit check.

This means that you do not need to wait until regular business hours or rely on someone else’s schedule. About a minute or two later, you’ll receive an approval decision along with an approved loan amount.

Finally, digitally sign the loan agreement and return it online. Within minutes, you can have your funds available — up to $1,500 — via e-transfer, 24/7, 365 days a year.

If you choose to receive your funds via electronic transfer, you can have them in as little as five minutes following our receipt of your signed loan agreement.

Best Unsecured Loans for Bad Credit

Currently, iCASH is making it easier than ever for Canadians to access the funds they need with the best unsecured loans for bad credit.

Below are some of the reasons why people choose us:

Instant Unsecured Loans for Urgent Needs
Instant unsecured loans don’t need to take days, or even hours, to receive. Thanks to our advanced loan-lending platform, the entire process takes 30 to 60 minutes at most.

Don’t wait around for a bank or financial institution to deem you worthy of receiving an express loan from them. Since most people who need quick cash for emergency expenses, including home and auto repairs, an unsecured loan grants access to funds within the hour, which can make all the difference to those in need.

This is especially important for people who have poor credit and need an immediate decision.

Competitive Rates
You might think that all of these benefits naturally come at a high cost. Because iCASH is an online-only lender, we don’t have any branch offices. This allows us to keep our expenses low.

We pass these savings onto you, our customers, in the form of highly competitive interest rates on our easy loans.

Interest rates vary by provincial lending regulations ⁠— the latest rates are always available on our site ⁠— and are also provided during the loan application process. It’s important for you to fully understand the cost of borrowing before you agree to the loan. That way, you know exactly what it’s going to cost you.

Robust Data Security
Some people may be hesitant to take out an unsecured loan online thanks to hackers everywhere. But while the assessment and transfer processes are entirely digital, your information is protected with an extremely reliable data security system.

As an online lender, we take data security, privacy, and confidentiality very seriously. All online transactions are completely protected with military-grade encryption technology. This is significantly more secure than most of the technology used for online credit card transactions.

We also maintain strict internal data and privacy regulations. We treat your individual and financial data with the same care and protection we’d want ours to be handled with.

Smart Phone

Unsecured Loans for Bad Credit

Get up to $1,500!
Try our mobile application!

Sign up with our free app and access your account anywhere.

4.6 / 5 STARS
2759 Rating
4.8 / 5 STARS
5.4K Rating

Apply for an Unsecured Personal Loan for Bad Credit!


Apply Online

Apply in a few simple steps and get the money today. Complete the quick and easy loan application on our website – provide some personal information about yourself, select the amount of money you need, and the loan repayment schedule*.


Instant Decision

As soon as you send us your online loan application. You’ll receive instant approval on your personal loan 24/7 so you can take care of anything that life throws your way. Quick, easy, trustworthy loans from a licensed Canadians lender.


Get Fund

Your money will be sent to you via e-transfer in 2 minutes or less. Email money transfer means that the funds from an unsecured loan can be accessed anytime, day or night, 24/7. Safe, loans online 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.

Unsecured Personal Loans for Bad Credit with Instant Decision FAQs

Are unsecured bad credit loans a good idea?

Like most things in life, the choice between a secured loan vs. unsecured loan is going to depend significantly on your point of view and individual circumstances.

For most people who have poor credit and need to borrow money fast, getting unsecured loans for poor credit loans might be a better option since it provides faster approvals and less paperwork.

How can I get an unsecured loan for bad credit?

If you need a small, unsecured loan for bad credit, you’ve come to the right place! You can apply for a short term loan online with instant decision in just minutes.

All you need to do is make sure that you meet our minimum eligibility criteria. Then, fill out the loan application and follow the instructions from there.

How do I pay off my unsecured bad credit loan?

Unsecured bad credit loans are paid off according to the terms of your loan agreement. This usually involves repaying the principal amount of the loan as well as interest.

We offer repayment options* either in the form of a single lump sum or between two and three installments, depending on the province you reside in. The repayment deadline is determined during the loan agreement process and is based on your income or pay period.

On the agreed-upon repayment date(s) in your loan agreement, the bank account you provided in the application will automatically be debited for the correct amounts of principal and interest due. You do not need to send a cheque, make an online transfer, or otherwise worry about payment. Just be sure to have enough in your linked bank account in time for the payment date.

How much can you borrow through an online unsecured loan for bad credit?

The maximum amount you can borrow with an unsecured bad credit loan is $1,500. However, our loan amount options begin at $100. The amount you can borrow will naturally vary depending on the type of loan and the lender.

If you require a larger sum, then you may need to pursue a secured loan with a bank or financial institution.

What happens if you don’t pay back an unsecured loan for bad credit?

You should always make every effort to repay a loan. If you’re unable to do so, then you should reach out to the support or customer service department of your lender.

It’s best only to borrow what you’re confident you can reasonably repay on time. If you run into trouble with your emergency loan, contact your lender as soon as possible for the best chance to get an extension or loan modification. Failure to repay your loan will negatively affect your credit report.
Apply for Instant Approval Unsecured Loans!
Get up to 20% in Cashback!

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 unsecured loan for bad credit is repaid and receive your Cashback direct into your bank account the same day. Real saving and real Money!*

iCASH logo Traditional Payday Lenders Lenders with brokerage fee
Flexible repayment plans*      
Offers cashback program for more savings*      
Free membership benefits      
No hidden charges   
E-transfer in the next 5 minutes      
Get a loan now