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Instant Funding


About lender

Instant Funding is a loan search and comparison platform. The platform aims to help customers get the best loan conditions quickly and easily. With Instant Funding, you can apply for a loan online and get same-day approval. In addition, there is no credit check, meaning borrowers with a bad credit record can receive the necessary funds.


Applying for a loan through Instant Funding is quick and straightforward. You can complete an online application form in as little as two minutes.

Thanks to advanced algorithms of Instant Funding, the platform users can expect same-day approval.

The approval rate of Instant Funding is 96%. So, if other lenders have turned you down for a bad credit score, you can still get the desired funds through Instant Funding.

When borrowing money through Instant Funding, you can receive your loan right into your bank account through an e-transfer.

Pros and cons

Let’s outline the key benefits of the Instant Funding platform.


  • No credit check — anyone can apply for a loan, regardless of the credit score.

  • A cost-effective payday loan alternative — get exposure to the financing options with attractive conditions.

  • Quick and easy application process — apply online in just a few minutes and save time visiting multiple lenders.

  • 24/7 availability — use the online application system at any time.

  • Fast approval and funding — get the desired loan amount directly into your bank account the same day.

  • Penalty-free early repayment — make extra payments at your convenience or repay your loan in full without any fees.

  • Extra loans available on partial repayment — once you’ve repaid part of your loan, you can borrow extra cash.

  • Instant Funding pledges to work with financial service providers that adhere to Canadian laws and regulations.

As for the cons of using Instant Funding, it’s difficult to highlight certain drawbacks based on the information from their website. As long as the company partners with a network of lenders, we can assume the following factor to be aware of.


  • Potential extra costs and fees — Instant Funding’s partners may charge additional fees on their services.

A fast loan process, online availability 24/7, and approval without any credit check are definite advantages of Instant Funding. With this platform, you can get exposure to all the financing options in one place rather than going to multiple lenders searching for the best conditions.

The disadvantages of Instant Funding are not that easy to identify. But, just in case, keep in mind possible additional fees from the lender the platform connects you with.

Loan conditions

Interest rates for loans from the Instant Funding platform range from 14.98% to 46.98%. APRs range from 23.99% to 59.96% and depend on the company’s partner’s assessment of your credit profile. Your actual rate will depend on your risk score. Each partner Instant Funding works with has its policy toward credit profile assessment. Borrowers with any credit score can apply for a loan.

The terms range from 4 months to 12 months or longer.

To get a loan through Instant Funding, having a bank account is a must. The platform sends the funds through e-transfers directly to your bank account.

If you got a refusal on a loan amount you’ve requested initially, you could apply for a new loan of another amount. But, first, make sure you meet all the platform’s eligibility requirements.

Make a minimum payment on each scheduled date in case of a cash advance.

Methods of loan funding

When applying for a loan from Instant Funding, you will receive funds directly into your bank account. The platform uses e-transfers to ensure fast loan funding. So, open a bank account before applying if you don’t have one yet.


What is Instant Funding?

Instant Funding is a loan search platform partnering with a vast network of financial service providers. The company claims to be a more cost-effective and convenient alternative to payday loans. 

Instant Funding allows you to avoid the burden of poor credit history because they don’t look at your credit record.

Who owns Instant Funding?

Instant Funding has evolved from Flexiloans company. However, there is no information about the company's legal name and its owner on the corporate website or social media channels. 

How do you qualify for Instant Funding?

To get a loan through the Instant Funding platform, you should meet the following requirements:

  • Be of legal age — at least 18 years old in most provinces.

  • Be a citizen of Canada.

  • Have an employment income of $1,800 net per month; disability and monthly incomes are not eligible. 

  • Have a bank account that is at least 90 days old.

  • Not have many other short-term loans.

  • Not have more than three unsuccessful transactions due to insufficient funds in the last 90 days.

As long as there is no credit check with Instant Funding, even a bad credit score won’t be an obstacle to borrowing money.

How much can you borrow from Instant Funding?

Instant Funding partners with a vast network of financial institutions, so the amount allowed to borrow differs from lender to lender. The website states that loan amounts range from $300 to $1,500. Each lender will assess your credit profile to determine the right amount and rate for you.

Is Instant Funding a legitimate company?

Instant Funding’s headquarters is at 4455 A. Jean-Noël-Lavoie, Sainte-Rose, QC H7L 3W3. The company’s working hours are Monday through Friday from 9 am to 5 pm.

The website claims that the company works only with partners that adhere to Canadian laws and regulations. The following Canadian banks trust Instant Funding:

  • CIBC

  • HSBC

  • RBC Royal Bank

  • Desjardins

  • Scotiabank

  • Tangerine 

  • ATB Financial

  • Laurentian bank

  • Meridian

  • Coast Capital

  • BMO

  • Equitable bank

  • TD Canada Trust

  • Simplii Financial

Sometimes we find ourselves in a tough financial situation that we can’t seem to get out of. Need money for car repairs, housework, rent and family needs and even personal need. In these situations, we need a helping hand. We understand that.

That’s why we revolutionized the lending process by making it easy, fast and simple. Our goal was to create a better loan process without any headaches.

© Instant Funding

Calculate loan payments in Instant Funding

Instant Funding calculator will allow you to calculate an approximate payment schedule for the loan

Loan amount

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Loan term

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What to pay attention to when applying for a loan from Instant Funding

  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 Instant Funding 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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