Getting a same day loan in Canada has never been easier
Your online loan is approved shortly. No paper documents are required. We adapt our repayment schedule to your pay frequency.
No credit check
24 business hours
90 days to pay
your loan back
If you were wondering about our online loans
Transparency is crucial for us, so here you will find answers to your important questions.
- When will I get my loan?
- How can I request my no credit check loan?
- When can I make a renewal?
What you're getting with Credito
None of that obnoxious finance jargon
No credit check
Super quick loans to help you cover any unexpected charges or emergency expenses
Flexible payment methods
No infuriating hidden charges
Certified and reliable agents to help you
Always paperless and fast
Rewards for being a good borrower
Your $500 to $850 personal loan is just around the corner!Get my paperless loan now
Missed payments and your credit score
It is important that you have enough funds in your bank account at your loan repayment time. If you don't, your bank will most likely charge you a penalty on top of ours.
Our $40 penalty will be charged at the end of your contract.
Still, no matter what, your credit score will never be affected by this.
Know that you can always make an arrangement with us to delay any payment for a $25 fee.
Credito.ca uses a collection method that follows Canadian legal requirements. If you end up in delinquency, our collection agents will make payment arrangements with you. Our agents are always helpful and will take your situation into consideration.
Just know that missed payments will accumulate interest on the unpaid balance. You will be responsible for all legal fees generated by the recovering a past due balance.
Responsible loan policies
In Canada, we analyze all online requests to make sure that every borrower can repay their loan. This includes, but is not limited to:
- Verifying that your salary meets our criteria;
- Ensuring that you do not have lots of insufficient fund charges in your bank account;
- Determining if your financial obligations will interfere with your loan repaying capacities.
Annual percentage rate (APR)
Credito.ca works with loan companies offering an APR of 22%.
Loan renewals are not automatic.
You must repay your loan within 90 to 120 days.
A $500 loan is due every 2 weeks and repayable in 6 payments of $125.11 for a total amount of $750.66.
This example includes the $225 surety fees added to the borrowed capital. The surety sets his commission at his own discretion, disregarding the interest due to the lender agency.
Please be prudent and wise with loans. Credito always understands your situation. We will be there for any urgent need of cash, but our interest rates might be higher than other banking institutions. Short-terms loans should be considered a last resort option. If you are willing to wait, other options could be better for you.
Even though our loans won't affect your credit score, several short-term loans could lead to a lot of debt. Be aware of your financial situation and stay within what you know you can reimburse.