Want To Get A No-Credit-Check Loan? Here’s How!


Loans are an integral part of every person’s life. Everyone needs a loan at least once in their lifetime. Loans don’t necessarily mean lending money from banks or credit lenders. You can even take a loan from your friends and relatives normally without an interest rate. You may ask, if we can get a loan from them, why get a loan from the bank? Simply because there’s a limit to what your friends and relatives can offer, therefore, people take loans from banks and other credit lending companies.

Banks and other financial institutions look at your credit score to determine your payback ability. If you have a good credit score, you can easily get a loan, but things will be tough for you if you don’t. You can improve your credit score by making timely payments, reducing credit card usage, and increasing your credit limit. If you don’t have a good credit score, you can get a no credit check instant loans from credit insurance companies.

What is a credit insurance company?

Credit insurance company, in simple terms, provide insured loans. They have tie-ups with several private lenders who provide loans to people at a fixed interest rate. They have a simple and easy application process, making them the best option for instant and emergency loans.

How do they provide loans without a credit check?

Credit insurance companies do not check your credit score as they believe credit score cannot be 100% accurate in judging a person’s payback ability. Instead, they look at your employment status and your spending habits to judge your payback ability. 

During the loan application form, you will fill an IBV form, which will provide your bank details to the lender from where they can look at your past transactions. IBV facility is a safe and secure facility offered by banks to quickly verify your payback ability as it only allows the lenders to see the transactions.

What are the conditions to apply for a loan?

To have a high chances of loan approval, you have to fulfil these basic conditions.

  • Age
    You have to be of legal age (18+) while applying for a loan. However, the legal age can vary in the province you are living. You can check the legal age by visiting the government website of your province.
  • Income
    You need to have a job before applying for a loan for the minimum of the last 3 months with a consistent income of $1800 or more. 
  • Citizenship
    To apply for an instant loan with a credit insurance company, you have to be a citizen of Canada with a valid and working bank account.
  • Contact details
    You need to have a working phone number and email address to apply for a loan. All the loan details are shared over email and phone; therefore, it is important for you as well to provide valid contact information.
  • NFT
    You should not have more than three NFT’s (non-fungible tokens) with you.

What is the process to apply for a loan?

You can get a loan in three easy steps.

  • Loan application form
    Visit the website of a credit insurance company and start by filling the application form. The form contains basic questions, such as your personal details, employment details, bank information and credit amount. You can complete the application process within 5 minutes.
  • On-call discussion
    After you submit the application form, it will be verified by a loan manager. They will call you for final verification and explain the terms and conditions. They will also answer your queries. 
  • Money transfer
    As soon as the loan manager approves your loan application, you will receive the fund directly in your account via e-transfer.

What are the Benefits?

This type of loan has the following benefits.

  • Quick processing
    The complete loan application process is online and convenient. Moreover, you can complete the whole process while sitting at your home.
  • Safe and secure
    With the adoption of the IBV facility, applicants are not required to send physical copies of their bank statements and identity proofs to the lenders which automatically reduces the risk of misplacement or identity theft.
  • No credit checks
    They check your employment status and spending habits to judge your payback ability.
  • Flexible payments
    They offer flexible payment options and offer loans for a long period of time ranging from 2 years to 5 years. In addition, you can choose to make weekly, bi-weekly, monthly and bi-monthly payments.


The whole process to get a no-credit-check instant loan is straightforward. If you meet the conditions, you can apply for the loan with Prestocash.ca. They are one of the best loan providers in Canada. Visit their website to start the application process now.


Here is a summary of how you can get a no-credit-check loan instantly in Canada. 

To get an instant no-credit-check loan in Canada, apply for a loan with a credit insurance company. They provide quick loans and have an easy process.

Conditions to apply for a loan

  • You have to be of legal age to get a loan (18+).
  • Your monthly income should be more than $1800.
  • You should not have more than 3 NFT’s.
  • You must be a citizen to apply for a loan in Canada.
  • You must have a working phone number and email address.

Process to apply for a loan

  • Visit the website and start the loan application form by filling the application form.
  • After submitting the form, a loan manager will review it and call you for final verification.
  • As soon as your application is approved, the loan amount will be e-transferred to your account.

Benefits of applying for a loan with a credit insurance company

  • The loan process is quick and can be completed within a few hours.
  • They use the IBV facility to process the loan safely and securely.
  • They do not check your credit score.

Visit Prestocash.ca to apply for a no-credit-check instant loan in Canada.

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