Alterfina Review 2026Apply Now Check if I Qualify ↓
Written and analysed by Smarter Loans Editorial Team · Reviewed by Vlad Sherbatov
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Four questions checked against Alterfina's published criteria, per product. No application started.
Alterfina lends in exactly two provinces, Ontario and Quebec, and reads 90 days of bank history through instant verification instead of a credit file.
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11 reviews from borrowers who used Alterfina. Reviews are moderated; lenders cannot remove them.
Alterfina helped me get approved for a $2K loan. The process was fast and easy
Really enjoyed my loan process with them compared to other companies I tried in the past. Very helpful and polite.
Alterfina really surprised me with how fast and simple everything was. No drama.
Easy approval and good terms for someone with less-than-perfect credit.
Highly recommend Alterfina if you’re looking for a small, quick loan.
Very professional team and solid service.
Decent loan service, but I wish they had more flexible repayment options.
Helped me get through a tight month. Thanks Alterfina!
Alterfina made the process feel personal and efficient. Would use again.
Have used them in the past and have been very happy with their services. Merci Alterfina
Showing 10 of 11 reviews.
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.
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.
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.
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.
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.
