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Exploring Installment Loans Canada No Credit Check Instant Online Approval

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What Our Customers Have To Say

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Quick, and easy. Helpful staff great customer service I highly recommend over others 👍
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The service was quick and customer service representatives were helpful and friendly.
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Very professional, respectful and quick to answer questions or concerns.
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Friendly and easy to use. The lady who helped me with all my questions was very helpful. The process went smooth and quick.
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Customer service today was great answered all my questions and was great helping me with my banking issues.
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First time using this company. Extremely fast service and no hassles. I highly recommend them!
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Friendly fast and efficient. Great company to deal with and the application is straightforward.
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I was in a real pinch. This was fast, easy and I got the funds I need quick. Sure beats any of those other services in Canada.
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Fast, convenient and easy to get a hold of customer team! Best place for when you need them.
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Very quick online application and very friendly customer service.

3 Easy Steps

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1. Apply Online

Easy & Secure application with step by step guidance.

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2. Get Approved

Fast loan approval process that only takes minutes.

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3. Get Your Money

E-mail money transfer within 30* minutes after approval.

All Types of Income Accepted

At Focus Cash Loans, we accept many types of income, including employment, benefits, and pensions. Apply now for fast and convenient loan service!

Employment Income

Child Tax Credit Benefits

Unemployment Insurance

Private Disability Insurance

CPP & Private Pension

Workers Compensation

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Why Get a Loan from Focus Cash Loans?

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Trusted Lender Since 2008

For the past 12 years, we have been helping Canadians to meet their short term financial needs.

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Apply Online Anytime 24/7

Don’t stand in line, apply for a payday loan 24/7 from the convenience of your own home or office.

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All Types of Income Accepted

We not only accept employment income, but EI, child tax, private disability, workers comp & pension as well.

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No Credit Check Loans

Unlike other lenders, we do not run credit checks. We have personalized approach to every loan application.

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Instant Interac

Don’t wait days, receive funds within minutes of being approved with the convenience of Interac e-Transfers.

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No Hidden Fees Or Charges

100% transparency, when you get a payday loan from us, there are no hidden fees or extra hidden charges.

GET UP TO $1,500!​

Download Our Mobile App Now​

Get 24/7 access to your account from anywhere with our free mobile loan app by signing up.

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Online Installment Loans with No Credit Check and Instant Approval in Canada with E-transfer. How to get one?

Getting an installment loan in Canada with bad credit is not that easy as getting an online payday loan from Focus Cash Loans. While payday loan lenders don’t run credit checks, assess assets and liabilities and simply need proof of income deposited into your bank account, installment loan lenders usually run credit checks and base their lending decisions on your credit score in conjunction with your employment history and your current debt liabilities.

There are some lenders that pose themselves as installment loan companies and simply misrepresent the actual costs of their loans. They post interest rates at 30% APR, but in fact they charge a hefty brokerage fee on top of that interest. If you borrow $500 from those companies, the brokerage fee might be as high as $250. So, let’s say you borrow $500 that they let you pay back over 90 days, the total payable over 90 days will be $796.98.

What is an Installment Loan?

An “installment loan” can be defined as a broad term that covers the vast majority of personal and commercial loans granted to borrowers. Any loan that is repayable with regular payments or installments are called an “installment loan”.

What are installment loans used for?

You can use installment loans for just about anything.

  • Purchases and repairs of cars
  • Repaying credit card debt
  • Renovations and repairs to your home
  • Overdue taxes or bills
  • Emergencies
  • Medical bills
  • Vacation and travel
  • Purchases of large size
  • Milestones events, such as weddings
  • Debt consolidation

Installment loans can be used for any purpose you choose.

Lenders offer a wide range of terms and loan amounts so that every borrower can find the right installment loan for them. The interest rate will depend on your credit history and you income.

It is important to understand the terms of the loan, interest charged and penalties applied if you are unable to pay on time. To avoid paying late fees and penalties that could have a negative impact on your credit score, make sure you pay installment loan payments on time.

What is the easiest installment loan to get approved for?

The easiest loan to get approved for, would not be an installment loan. Installment loan companies require a credit check. If you have less than good credit, there is a very high likelihood that your installment loan application would be denied. If you need easy and fast approval, apply for a payday loan with Focus Cash Loans.

How Do I Qualify for an Installment Loan?

To qualify for an installment loan, you have to be employed, have good credit score (usually above 600). If you credit score is low, you filed bankruptcies in the past or you have delinquent bills, you might not qualify for an installment loan.

Unlike installment loan companies, Focus Cash Loans does not run credit checks. We don’t pay attention to past bankruptcies as we understand that everyone might experience difficult times once in a while. We only look at your ability to pay back the loan. We take a personalized approach to every loan application that we receive and try to approve every one that meets minimum requirements.

Payday Loans vs installment loans.

Payday loans in Canada unlike installment loans give ability to borrowers with no credit, bad credit and past bankruptcies qualify for a loan. When you apply for a payday loan, your credit will not be pulled, your debt liabilities will not be assessed. The requirements to get a payday loan are simple and easy to meet. To qualify for an online payday loan, you must be employed or receive one of the following benefits: pension, EI (unemployment insurance) or Worker’s Compensation. An online payday loan application, unlike an installment loan application is very easy to complete and does not require very detailed information. All you have to provide is your name, your telephone number, your current address and your income information. After completing the payday loan application form, you will be prompted to digitally verify your banking information. There is no faxing, no emailing and no questions asked to why you need the money.

Unlike payday loan application, installment loan application is more detailed and usually require you to disclose more personal information. Installment loan lenders would like to know your assets and liabilities, your credit history, last 3 years of your employment history as well. You will have to submit your bank statement to the lender with showing your account activity. Installment loan companies usually analyze all that data to make a decision on whether you should qualify of an installment loan.

The major difference between payday loan and installment loan application and approval process is the amount of data that is usually collected by installment loan companies. It usually more than what a payday loan company needs to approve someone for a loan. As we mentioned earlier, less than perfect credit history will usually disqualify you from getting an installment loan or reduce that loan amount to the bare minimum.

What is the easiest way to get an installment loan online?

The easiest way to apply and get approved for an installment loan is to find a lender that has minimum qualification requirements. Some banks have credit score, employment income, time at job requirements to get an installment loan. Unlike big banks, Focus Cash Loans makes the process applying for a loan easy. There are no long applications to fill out, fax or email documents requests. Your loan application gets processed the same business day you apply, and you get funds the same day you get approved.

What is the maximum installment loan amount that one can borrow?

Installment loan amounts usually vary between $500 to $15,000 while payday loan amounts usually vary between $100-1,500. Focus Cash Loans will most likely get you approved for up to 50% of your net pay or $1,500. The reason why payday loan amounts are limited to $1,500 is because there are provincial regulation in place that regulate payday loan companies. Regulations limit loan amounts and the interest that can be charged by payday loan lenders. Installment loan companies are not subject to the same stiff regulations as payday loan companies and often can create their own policies and rules.

The processing times for payday loans are way faster than for installment loans. You can apply for a loan with Focus Cash Loans 24/7, on Weekends (Saturdays & Sundays), have your loan approved during business hours and receive funds via e-mail money transfer the same day you loan is approved. This is why we call our loans fastest 24/7 online e-transfer payday loans in Canada with no credit check. Getting an installment loan is usually a lengthier process and takes a few business days. Installment loan lenders would ask you to fill out a detailed application form, run a credit check on you, collect information on your debts/liabilities, collect information about your assets and liabilities.

How fast can I get my installment loan once I am approved?

With Focus Cash Loans, once you are approved for our online e-transfer payday loan, you will have the funds sent to you via email money transfer within minutes. As long as you have online banking, you can deposit that transfer withing seconds right into your bank account. It is like sending virtual cash. Unlike with bank cheques or sometimes even with wire transfers, bank might put on hold on the full amount or partial amount of transfer for 5 business day. That makes it very inconvenient. As mentioned earlier, Focus Cash Loans does cares about their customers and makes sure that the funds disbursed via fastest and convenient way, thus using Interac E-Mail Money Transfer service.

How do I pay back my installment loan?

Both payday loan and installment loan companies will debit your account according to your loan payment schedule. Payday loan companies always have loan payments to come out on the borrower’s payday. It makes it easier for the borrower to repay the loan the same day he gets paid. Always pay attention to your loan contract and make sure to check the dates.