Apply for a micro loan quickly and easily
Need money quickly and easily? Opt for instant micro loans.
Starting from $100 to $1,500 (our maximum loan), even with a bad credit history, we have a financial program made for you: microloan. With no need for a credit check, our online service is quick and easy. Fill a form and obtain resources thanks to a personal loan. Funding takes less than 24h to be on your canadian account, with few rejection. Find out conditions to obtain a profitable microcredit.
Apply for a micro loan quickly and easily
Need money quickly and easily? Opt for instant micro loans.
Starting from $100 to $1,500 (our maximum loan), even with a bad credit history, we have a financial program made for you: microloan. With no need for a credit check, our online service is quick and easy. Fill a form and obtain resources thanks to a personal loan. Funding takes less than 24h to be on your canadian account, with few rejection. Find out conditions to obtain a profitable microcredit.
An instant online money microloan in Canada
Get a microloan in 24h anywhere in Canada with Finance Solution! If you are eligible, you will obtain an answer in only 90min after applying. Our service offers support to the community, if you need help in the applying process to our loan programs.
Need money?
If traditional institutions don’t allow cash access for you, microlending could be your alterna. Choose the amount of capital you need to complete the online application! A money loan request finalized in a few minutes and approved within 90 minutes, for same-day or next-day transfer to your bank account.
Quick and easy micro loans that can be adapted to your needs
Our microloans has to meet both your needs and your ability to pay us back. That is why you choose not only the amount you need, but also the repayment period, without the interest rate changing. Every repayment terms and fees are detailed in the end of this webpage and on the contract you sign with us. Try our loan calculator to simulate your repayment schedule wuth the costs associated.
Microcredit without a survey with IBV
Conventional financial institutions have turned down your loan and you’re looking for a quick, short-term borrowing program? Finance Solution uses the IBV solution, Instant Bank Verification, to obtain the information we need for your mini-loan, without the need for a credit check. This means your request is validated more quickly, for an almost immediate deposit into your bank. An easy loan to obtain for you and a simple process for us! Our financial systems and resources guarantee privacy, no impact on your credit score and financial inclusion for everyone.
How can I obtain a microcredit quickly?
Nothing easier than applying for a borrower, to get a microloan with Finance Solution!
Here are the steps to follow:
Online request form
Fill in the online application form to submit. No need for call or email. You will be asked to provide identification and residency information, as well as details of your income, to ensure you are eligible to the microloan.
Application assessment
Our advisors evaluate your application based on your ability to repay the loan, not based on your credit history, which speeds up the financing process. We can’t guarantee no refusal loan but most of our clients obtain what they need.
Receipt of funds
If your application is approved, the funds are released quickly, either the same day if submitted before 2pm, or the following day.
Criteria for submitting your application for microloans
To obtain your micro-loan, there are a few criteria to observe, to be eligible. You must be 18 years old or older, a resident of Canada, and have a stable income. Use the online form to send us a specimen cheque from your bank account, as well as the following proofs, and we’ll quickly validate your resources!
Must be over 18
Be a Canadian resident
Have a steady job for at least 6 months
Receive a paycheck by direct deposit in Canada
Have a net monthly income of at least 1200$
Have on hand
– An identity card
– A proof of address
– A checking account
– Income informations
Frequently asked questions about micro loans
What is a micro loan?
A microloan is a small, short-term loan designed to help individuals cover unexpected expenses or bridge financial gaps. Typically ranging from a minimum of $100 to $1,500, microloan programs are accessible even to those with less-than-perfect credit.
How quickly can I receive a micro loan?
Once your application is approved by Finance Solution, funds are typically transferred within 24 hours, providing swift financial support when you need it most.
Do I need a good credit score to apply?
No, our micro loans are designed to be accessible. We consider various factors beyond credit scores, making it possible for individuals with diverse financial backgrounds to qualify.
Is microcredit profitable?
Micro-credit is a financial tool that should be used positively, and not contribute to further indebtedness. No study can attest to its profitability, since not all borrowers use it in the same way. However, it is certain that micro-credit must be accompanied by positive financial education to produce good results.
How can I use a micro-loan?
A micro-loan can help you meet an urgent need for money: a car that breaks down, a health problem… It can also help you to carry out personal projects for which you may need occasional financing.
You can also use it to boost your credit rating by paying off your debts quickly, while allowing you to make smaller annual payments over the longer term. Be careful, however, to use it for short-term needs, so as not to contribute to your indebtedness.
How much can I ask for?
At Finance Solution, we speak about microlending because we offer loans ranging from $250 to $1250. Some private lenders offer larger loan amounts. We made this choice to contribute to the development of your projects, but not at your expense!
When will I receive the transfer?
Our team reviews loan applications within 90 minutes of receipt. If your file has been processed before 2pm, you will receive the transfer as soon as it is approved, i.e. the same day. Otherwise, the transfer is made within 24 hours of approval.
IMPORTANT INFORMATION
Annual interest rate (APR)
We work with the best financial institutions to offer you an annual interest rate of 29%. Additional costs may be claimed to cover fees for the preparation, assembly, follow-up of the request and management of the customer file.
Reimbursement terms
Our loans reimbursement terms are 3 to 6 months depending on amount borrowed.
Refused payment for insufficient funds or others
A 60$ fee will apply for any payment refused or returned for insufficient funds. These fees will be added at the end of your contract.
Postponed payment
It is possible to modify your payment plan by postponing a payment to a further date than according to your payment schedule. We must receive notice three business days prior to the scheduled withdrawal date and an administration fee of 50$ will be charged at the end of your contract. Please note that the first two payment will not be postponed.
Collection
If you miss a payment, one of our agents will contact you to advise you and rectify the situation. The collection officer will establish with you a new date on which the missed payment will be debited from your account. You will be charged a 65$ fee that will be added to the end of your payment schedule. If several payments are missed or you fail to honor your agreement, your file will be transferred to a collection agency.
Compliance of loan agreement
It is important to comply with your agreement and respect your payments. This will allow you to easily obtain a renewal, in addition of being able to increase the amount of your new loan.
Available in every province, except Québec
Eligibility
Although we strive to satisfy all our customers with flexible eligibility conditions, we are obliged to comply with current financial regulations. In order to evaluate your application, you must meet the following criteria:
- Be 18 and over
- Be a Canadian citizen
- Have a steady job for at least 6 months
- Receive a paycheck by direct deposit in Canada
- Not be under bankruptcy protection, intend on filling for personal bankruptcy or a consumer proposal
Completion of your file
Your file will be completed when these three steps have been done
- Reception and approval of all required documents
- Employment validation
- Verification of your personal references
Loans are deposited Monday through Friday during business hours.
Warning: Short term loans can provide an effective solution to meet your needs, but they have to be used wisely. Despite the fact that short-term loans are efficient and fast, the prevailing rates are higher than those of local banks. Therefore, they should be used occasionally and in situations where lower interest options would not be available, for exemple for an emergency. In order to avoid the appearance of a difficult financial situation, it is recommended that you do not contact several loan services.
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