Vancity Fair and Fast Loan™
Borrow $100–$2,500 at a fixed 19% interest, repayable over 1–2 years. No credit check needed, approval based on income. Fast online funding, customizable terms.
The Vancity Fair and Fast Loan™ is designed for Canadians looking for quick access to cash without the hassle of a credit check. With this product, you can borrow anywhere from $100 to $2,500 at a fixed interest rate of 19%, repayable over a term of one to two years. Approval is based strictly on income, making it accessible even for those with poor or little credit history. Starting January 15, 2026, members may have up to two active Fair & Fast loans at a time.
How to Apply for the Vancity Fair and Fast Loan™
The application process for the Fair and Fast Loan™ is straightforward and entirely online. Begin by logging in to your Vancity account. Fill out the application form, providing details of your income. There’s no need for a credit check, making the process faster and more inclusive. If approved, your funds will be deposited directly into your account, often within minutes. You can select customized payment options and even make extra payments without penalty.
Pros of the Vancity Fair and Fast Loan™
One major advantage is approval based on income rather than credit score, opening the door for many traditionally underserved applicants. The process is fast, with quick application review and funding, minimizing wait time in financial emergencies. The fixed interest rate and clear, upfront terms make budgeting simple.
Cons of the Vancity Fair and Fast Loan™
While the interest rate is lower than payday loans, 19% is high compared to other personal loans. Also, the maximum borrowing amount is limited to $2,500, which may not suffice for larger needs. Only existing Vancity members are eligible to apply.
Final Verdict
The Vancity Fair and Fast Loan™ stands out as a transparent and accessible option for quick, smaller loans. Approval based on income is a real plus, targeting borrowers often rejected elsewhere. For those seeking manageable amounts and straightforward terms, it’s a solid choice. However, consider your ability to repay at 19% interest, and ensure membership eligibility.