Alterfina

To qualify, you must be at least 18 years old and a resident of Quebec or Ontario. You need to have been employed for at least three months or receive an eligible source of income, which must be deposited via direct deposit into a Canadian bank account. You must not be involved in bankruptcy proceedings and must meet the minimum gross monthly income requirement of $1,500 in Quebec or $2,500 in Ontario. Eligible income sources include salaried and self-employed income, various pensions, and government assistance programs such as the Quebec Parental Insurance Plan (QPIP), Canada Pension Plan (CPP), Old Age Security (OAS), Guaranteed Income Supplement (GIS), Ontario Disability Support Program (ODSP), Employment Insurance (EI), and Workplace Safety and Insurance Board (WSIB) benefits.

Funds are typically deposited on the same day. However, depending on your bank’s processing time, it may take between 24 and 48 business hours for the funds to appear in your account.

If you are unable to make a payment, you may request a deferral at least 72 business hours before your scheduled payment date. If there are insufficient funds in your account, a $35 NSF fee will apply.

Yes, you can apply even with bad credit. At Alterfina, we do not perform credit checks, and a low credit score will not impact your eligibility. While traditional banks may decline applications based on a credit score below 600, we use other criteria to assess eligibility. Our application process is 100% online, requires no documents, and is processed within 24 hours.

Yes, we are a verified member of the Canadian Lenders Association (CLA). This ensures that we adhere to high standards of transparency, ethics, and responsible lending practices. You can trust us to provide secure and reliable financial services.