Instant e-transfer loans

A Complete Guide on Instant E-transfer Loans in Canada 

When you need urgent funds, traditional banks may not help you instantly. Their long procedures can take days, and you wouldn’t prefer it. Unpredicted expenses such as medical bills and repairs costs can occur anytime, and same-day e-transfer loans are ideal to look for during such situations.

On the other hand, if you apply for a payday loan, they can help you at the moment, but their high-interest rates and difficult repayment methods can increase your problems later. So, online loans are there to get your back.

Person receiving an e-transfer loan

Who offers e-transfer loans in Canada?

Some reputable online lenders offer same-day e-transfer loans in Canada. Online lenders come with an easy application process, fast approval and flexible repayment methods.

However, the best thing about some online e-transfer loans is, they’re non-credit checks. So even if you have a bad credit score, your chances of securing a loan are still high with PrestoCash.

We offer loans with no credit check. You can receive up to $1200 with a simple click of a button. You can even receive it the same day you apply!

Our loans are meant to help you out when you’re in a tight financial situation. That’s why we made our loan process simple, fast and easy.

Man thinking about getting an e-transfer loan

What exactly are e-transfer same-day loans?

Instant e-transfer loans are a convenient method of securing funds and covering emergency expenses. These funds are provided by online lenders who intend to help people with money instantly. What makes these loans better than any other source is they are easier and convenient. 

You don’t have to visit anyone to secure instant e-transfer loans in Canada. In these types of loans, all the procedures take place digitally. You can fill in the application with your device from the comfort of your home. There is no paperwork included so, filling the application takes no more than five minutes. 

The lenders evaluate your application the moment they get it. So, chances are, if you meet their terms, they provide you with the funds within just a few minutes. Once you get the funds directly into your bank account, use it according to your preferences and repay the funds with small small installments.

Man thinking about getting an e-transfer loan

How can you secure an e-transfer loan in minutes? 

Thanks to advanced technology and fast service, securing an online loan can be a matter of minutes for you. You have to find an online lender, go through their terms, evaluate your eligibility, fill in and submit your loan application. If you’re eligible for the loan, lenders will instantly transfer the amount to your bank account. 

What are the steps of securing instant Cash loans in Canada?

Find a trustworthy source 

There are plenty of online lenders and financial institutions willing to lend you money. Choose a lender with a good track record and good service history. The terms and conditions of each lender are different. 

So, pick the one that fits your needs the most. Don’t forget to look at their physical address and certification to make sure they’re authentic. This process aids you in finding a lender who can assist you efficiently.

Fill the application on the website to get your loan

There are plenty of online lenders and financial institutions willing to lend you money. Choose a lender with a good track record and good service history. The terms and conditions of each lender are different. 

So, pick the one that fits your needs the most. Don’t forget to look at their physical address and certification to make sure they’re authentic. This process aids you in finding a lender who can assist you efficiently.

Get approved

The most significant advantage of applying for an e-transfer loan is that lenders start examining the application as soon as they receive it. If you apply to a reputable lender, they’ll evaluate your application within minutes. 

If your application is eligible, they transfer the funds to your bank account instantly. However, you must adhere to their loan terms and conditions and demonstrate your transaction habits. 

What is the easiest same-day loan to get online in Canada?

Instant personal loans are quick and easy to secure on the same day of application. These loans can be used for various reasons, such as purchasing a valuable item or wedding expenses. In addition, this loan doesn’t require any collateral to put up with the lender. 

Your income source details and personal information is evaluated to understand your eligibility. Also, online personal loans come with easy repayment methods to make them convenient for you. 

You have to repay the funds with fixed small monthly installments within six months. It is one of the most applied same-day e-transfer loans in Canada.

Do lenders do credit checks in online loans?

Many online lenders specialize in assisting borrowers with poor credit histories. For example, they offer people e-transfer non-credit check loans in CanadaIn these loans, applicants aren’t required to show a credit score. Instead, their credibility is evaluated with their income source.

The lenders will ask you for details about a bank account, proof of current income, and a legitimate phone number instead of a credit check. Similar to other e-transfer loans, a non-credit check loan also comes with a repayment period of a few weeks to six months. 

Since non-credit check loans are riskier to lend, you’ll have to prove strong creditworthiness to secure them.

How to secure non-credit check loans easily?

  • Have a stable job and be earning more than $1800 net per month (Disability income does not qualify and monthly income is ineligible). 
  • Have a bank account with a history of at least 90 days.
  • Don’t have an excessive number of short-term loans.
  • Not have more than 3 non-successful transactions due to shortage of funds in the last 90 days.  (Transactions canceled due to insufficient funds).

Learn more about how to be eligible for a quick e-transfer loan!

What are the benefits of instant e-transfer loans?

You can compare online loans

One of the most significant advantages of internet lenders is that they allow you to compare the finest loans for your financial position. Many lenders let you compare their loans to those offered by other lenders.

It can assist you in selecting the best loans that are appropriate for you. There are numerous lenders to compare on the internet. You can understand all of their terms and select one with the most convenient offerings.

Easy documentation

The online loan application method allows you to upload all required documents to the web portal digitally. You won’t have to carry the original papers with you, reducing the risk of loss and avoiding the inconvenience of photocopying. 

The entire application procedure is done online, from filling in the application form to receiving the funds. 

Get pre-approved for an e-transfer loan anytime of the day

You don’t have to wait for the bank to open and meet the managers to apply for an e-transfer loan. Instead, you can submit your request for an e-transfer loan online at any time of the day. The processing is done by computer software. 

If your documentation is in order and you have filled the application correctly, your online loan application might be approved in a matter of a few minutes. 

Easy and convenient repayment

If you apply for a payday loan, you’ll have to repay the whole amount at once on your next payday. As a result, this method can be hectic for you. Similarly, most typical bank loans come with lengthy and heavy instalments that can burden your days further. 

On the other hand, e-transfer loans are especially known for small and flexible instalments. You can repay the funds within six months, and instalments are quietly smaller. So, you can easily cover them with your monthly income without worrying much.

Person happy about getting their e-transfer loan


Instant e-transfer loans can make borrowing money easy and convenient. These loans are ideal for applying during emergencies as you can secure the funds quickly. 

However, ensure to apply for the loan to a trustworthy lender and secure the funds with a hundred percent protection. The best thing about these loans is, even if you have zero credit score, you can still obtain the funds. So, are you in need of money? Learn how to get a loan with PrestoCash!

PrestoCash is here to help you by offering the easiest and most convenient e-transfer loans in Canada.

Person happy about getting their e-transfer loan

Increase the speed of the application process by signing and sending your ID before 4 PM eastern time on weekdays only.