Frequently Asked Questions

Most frequent questions and answers

Short-term loans are loans that you can repay very quickly, often in a year or less. Many of these loans come with repayment terms of a few months or even weeks. Online lenders usually offer short-term loans with varying amounts, interest rates, and terms. Short-term loan applications are usually easy to fill out, and may only take you a few minutes to complete. Short-term loans often come with lenient requirements, and you can get approved even if you do not have exceptional credit. Keep in mind, however, that you may have to show proof of steady income or meet other criteria. does not perform any credit checks as part of the process of connecting you to a lender. Once connected to a lender they may, at their discretion, perform credit verification through national databases in order to determine your eligibility and ability to repay. Simply having bad credit is often not a disqualifying factor in the loan approval process.

Short-term loans generally range in the area of $100 – $5,000. Dependent on the information in your application, the lender decides the amount you are qualified to receive. This amount is typically subject to increase as you successfully repay your online loans in the allotted time period.

Upon approval, the majority of short-term online loans acquired through Crediteck are delivered to you electronically within a period of 24 hours, not including weekends or holidays.

Crediteck prides itself in delivering fast approvals because we understand the importance of receiving your loan rapidly in the event of financial emergencies.

As long as you are 18 years of age or above, legally reside in Canada and have a steady stream of income, you will be able to qualify for our online loan services.

Other requirements by a majority of lenders are that you have an active bank account and take in at least $800 in monthly payments. You will also need a valid email address and working phone number where you can be reached.

Bad credit will not automatically disqualify you for a short-term loan. Lenders take various factors into consideration when they review and approve your loan application.

The Crediteck network of lenders has some of the most competitive fees in the industry.

Short-term loans tend to be more costly than traditional bank loans and are mainly intended for short-term needs. Please be sure to review all terms and conditions, including the repayment terms of your loan within your consumer loan agreement before accepting a short-term loan.

No, you may apply for and use the loan money for any purpose you wish. Some general uses for short-term online loans include covering bills, avoidance of late fees, helping with rent or mortgage, handling excessive medical expenses or simply needing extra cash before your next pay day.

You simply need to fill in and submit our quick and easy online loan application. The process itself takes just a couple of minutes.

In most cases the application is reviewed almost instantly.

The information required in order to complete a request for an online loan includes your name, address, contact details, employment information, and banking details. SIN is not required, but opting to include it with your information may increase your options for the amount of online lenders available to you.

Crediteck takes great care in respecting a customer’s right to privacy in the management of their personal finances.

Our website makes use of a variety of security measures in order to safeguard all of your personal information.

All sensitive data transmitted between your web browser and our site uses 128-bit Secure Socket Layer (SSL) encryption technology.

Feel free to consult our  privacy policy  for more information.

There are no fees charged to make an application with Crediteck. The cost of the loan varies depending on:

  • The online lender
  • The amount being loaned
  • The province in which you are a resident.

Be careful to review the terms before agreeing to any loans.

No. Submitting an application simply expresses that you would like a lender to contact you to discuss your options regarding a short-term loan.

You may ask any questions and withdraw your request if you decide you would prefer not to take out the loan after reviewing the terms.

Please refer to the repayment schedule and terms of repayment within your consumer loan agreement.