About Alterfina

Alterfina, an online lending platform established in 2013 and offers no credit check loans in Quebec. The company’s goal is to make loans accessible to those who don’t meet the strict credit score requirements of traditional lenders.

Traditional lenders usually conduct a hard credit check to evaluate your creditworthiness. For many Canadians with low credit scores, this can ruin their chances of getting a loan. However, Alterfina offers a simple loan process that doesn’t rely on your credit score, making it easier to access funds.

Alterfina aims to be Canada’s leading alternative personal financing lender by offering tools to help consumers build good financial habits.

Benefits with Alterfina

No credit checks. With Alterfina, you don’t need a credit check to apply, so even with bad credit, you can still qualify for a loan. Discover more about no credit check loans.

Simple online application. You can fill out an Alterfina loan application online in just a few minutes.

Various income types accepted. Alterfina accepts multiple non-employment income sources, including Quebec’s Parental Insurance Plan (RQAP), worker’s compensation (CNESST), auto insurance (SAAQ), self-employment income, and more.

Instant bank verification. Alterfina uses Flinks to instantly verify your bank details and income online, eliminating the need to upload bank statements.

Same-day funding. Submit your application and sign your loan contract by 2:30 PM on a weekday to receive your loan the same day. If you miss the cut-off, funds will arrive within 24 business hours.

Positive customer feedback. Alterfina has received many positive reviews from customers, which we’ll explore further down the page.

Alterfina FAQs

How Quickly Can I Get Money From Alterfina?

You can get approved for a cash advance from Alterfina on the same day you apply. If you finish your loan application before 2:30 p.m. on a weekday, your funds will be deposited into your account by midnight. If you apply after this time, you’ll receive the money the next business day.

Applying on a weekday morning ensures you’ll have access to your cash advance by the end of the day, which is especially helpful given the minimal requirements!

Is Good Credit Necessary for an Advance with Alterfina?

Alterfina does not check your credit report, so having a low credit score won’t prevent you from getting a cash advance as long as you meet their eligibility requirements.

You don’t need good credit to get an advance with Alterfina. They accept bad credit applicants!

Who Can Apply for an Advance with Alterfina?

Anyone over 18, living in Quebec, earning at least $1,500 a month, and having an active bank account can apply and get approved for a cash advance from Alterfina. A good credit score is not required.

Can I Get an Advance with Bad Credit?

Yes, Alterfina welcomes applicants with bad credit. They don’t perform credit checks, so your credit score won’t affect your ability to qualify.

Does Alterfina Perform Credit Checks?

No, Alterfina doesn’t pull credit reports. Instead, they assess your income and bank statements to determine your eligibility for a cash advance.

Alterfina Financial Products

Cash Advance

Loan Amount

• $500 to $2,500

Rates & Term Length

• Interest Rate: 18.99% APR
• Payment Schedule: 3-6 Months

Service Details

• Loan Processing Time: Up to 24 hours
• Money Transfer Method: Direct Deposit
• Repayment Method: Automatic debit

Eligibility

• Over 18 years of age 
• Active bank account
• Resident in Quebec
• Must have a monthly income over $1,500 
• Being employed for more than 3 months at current employer

Required Documentation

• Government-issued ID
• Proof of income