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Credit Matik's application


How to apply

Applying for a loan when you have bad credit can be daunting, but at Credit Matik, you won't have to. On an online application form, simply fill in the following details:

  1. Personal Information: Name, address, date of birth, and contact information
  2. Employer Information: This section provides the employer’s name, supervisor contact details, and the date of employment.

You will receive an email encouraging you to complete the instant bank verification after submitting your application.

You will be asked to provide the following information in the email:

Instant bank verification: In most circumstances, a lender will use a third-party supplier like Plaid to verify your information. These services allow you to log into your online banking account through a secure gateway, allowing your lender to view your transactional data and bank statements. Of course, this technology is designed to protect you by encrypting your bank credentials and not storing your personal information.

Once you've completed this step, you'll receive a confirmation email. A Credit Matik agent will verify the information you provided before determining how much they can offer you. To finish the transaction, all you have to do now is e-sign the contract when you've been accepted. Customers usually receive their requested amounts via direct deposit to their registered bank account the same day the loan application has been submitted.


Terms for the First Loan   

Credit matik offers short-term loans ranging from $250 to $1500. Based on the ability to pay and the time period you wish to repay your facility debt, both Credit Matik and the client determine the minimum payments and schedule of amortization together. When it comes to the cash advance fees, loan granting with Credit Matik has a few costs to consider:

  1. NSF Fee: A $25 NSF fee will be charged for any bounced checks or pre-authorized payments. Your bank will very probably charge you an NSF fee.

  2. Payment Deferment Fees: A $35 administrative fee will be levied if you require a payment deferral due to a financial necessity.

  3. Membership Fee: A $20 weekly membership fee is charged by Credit Matik, and it is deducted from your loan payments. This works out to $80 every month.

  4. Interest Rate: The annual percentage rate (APR) for a loan at Credit Matik might be as high as 22 percent.

  5. Cash Advance Fee: If you want a cash advance, you will be charged a $75 fee.

Credit Matik may charge administrative costs, carry-forward fees, re-borrowing fees, maintenance fees, or any other fees related to your loan.

Reasons for Loan Rejection

Credit Matik is a good option for people who are thinking about getting a payday loan. Credit Matik offers the same loan amount as a payday lender, but for a longer period of time and at a significantly cheaper interest rate. Furthermore, they provide loans without a credit check, similar to a payday lender.

Personal payday loans may only be disapproved if any of the requirements were not met or other information and essential credentials has been missing.

How Long Does It Take To Consider an Application?

Credit Matik can approve your loan within an hour if you meet the requirements. As long as you meet the eligibility requirements and submitted the compulsory documentations, you should be confirmed and the terms of your loan will be negotiated.

How Quickly Funds Can Be Received?

When all the requirements were met and the application process have been successful, Credit Matik releases the payday loan within 24 hours thru a direct deposit to the applicant’s online bank account.

Credit Matik loans calculator

Credit Matik calculator will allow you to calculate an approximate payment schedule for the loan

Loan amount

Enter the desired loan amount

250 $
15000 $
Loan term

Specify the loan term for the calculation


What to pay attention to when applying for a loan from Credit Matik

  1. The company must have a license if it runs business in Alberta, British Columbia, Manitoba, Ontario and Quebec.
  2. You can check the availability of the relevant license (copy) at the branch of the lending company.
  3. Membership in a self-regulatory organization (SRO) is an additional guarantee of the reliability of the lending company. This information can also be checked at the company's branch or on its official website.
  4. Availability of lending policies.
  5. The procedure for applying for a loan.
  6. The procedure for concluding the loan agreement and receiving the payment schedule.
  7. Other conditions for granting loans.

We recommend

  1. To check out the interest rates and frequency. 
  2. Check the availability of individual terms in the loan agreement (principal amount, term, date of advance, etc.).
  3. Check whether the loan agreement contains information about the total cost of borrowing.
  4. Take time to think – you can change your mind before agreeing or signing a loan agreement.
  5. Speed of loan processing.
  6. Accessibility – alternative lenders often operate where there are no bank branches.
  7. For the borrower - high interest on the loan.
  8. For an investor, the safety of funds is not guaranteed by the state.

What distinguishes Credit Matik from banks:

  1. Simplicity - loan processing is less formalized than in a bank.
  2. Fast loan processing.
  3. Accessibility.
  4. For the borrower - high interest on the loan.
  5. For an investor, the safety of funds is not guaranteed by the state.
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