Vancity Fair and Fast Loan™
Borrow from $100 to $2,500 with a fixed 19% interest rate. No credit check, fast same-day funding and flexible terms for BC residents. Easy to apply online.
If you’re seeking quick cash without worrying about your credit score, the Vancity Fair and Fast Loan™ is tailored for BC residents needing up to $2,500 fast. With a competitive fixed interest rate of 19% and simple eligibility requirements, Vancity provides a straightforward borrowing option for those who may not qualify elsewhere.
This loan is designed as an alternative to high-fee payday lenders. Approval is based on regular income instead of your credit history. Terms are flexible, running from one to two years, and there are no prepayment penalties, giving you freedom to repay early.
The loan requires you to be a Vancity member with a $5 deposit, be at least 19 years old, have Canadian citizenship or permanent residency, live in BC, and have a steady income. No undischarged bankruptcy or unpaid collection items (unless the loan will pay them out) are permitted.
How to Apply for the Vancity Fair and Fast Loan™
- Become a Vancity member with a $5 deposit if you aren’t one already.
- Ensure you meet all eligibility criteria, including BC residency and regular income.
- Apply online if you’re an existing member, or book an appointment if new.
- Get approved—no credit check required, just income verification.
- Receive funds directly to your account in as little as 10 minutes (for online existing members), or within an hour in-branch.
Main Pros of Vancity Fair and Fast Loan™
The no credit check policy is a significant advantage for those with low or no credit, making this loan accessible when other lenders turn you down.
Another key pro is speed: both online and in-branch applications can be funded same-day, providing urgent cash flow when you need it most.
Main Cons of Vancity Fair and Fast Loan™
Loans are capped at a $2,500 maximum, which may be too little for larger needs—meant primarily for emergencies and shortfalls.
The fixed 19% interest rate, while lower than payday loans, is higher than some other credit union products if you qualify for those.
Verdict: Is the Vancity Fair and Fast Loan™ Right for You?
If you need fast cash with simple eligibility and have struggled with credit checks elsewhere, this is a top option. It’s well-suited for emergencies or smaller expenses, especially compared to payday lenders. However, if you need a larger sum or a lower rate, explore other Vancity loans or lines of credit first.
