Curious about how bad credit loans work at FEL Canada? We’ve made the process simple, secure, and stress-free. Whether you’re applying for a personal loan, car-secured loan, or mobile home loan, our step-by-step approach ensures fast approval, even with a low credit score.
- Apply online through our website, Once you qualify, you’ll receive an automatic pre-approval email along with a checklist of required documents. Our process is designed to be fast, secure, and stress-free.
- You can qualify easily for a bad credit loan if you meet the following simple criteria:
- You own their vehicle outright This means no liens on the car, you are finished making payments on the car and you are not leasing the car.</li?
- You have a vehicle that is less than 8 years old.Except in the case of luxury vehicles, cars must be less than 8 years old to qualify</li?
- You have a steady income
- You have vehicle insurance, including collision and comprehensive coverage.
- Submit all your necessary documents through fax or mail or email :
- Two pieces of photo ID (license and health card)
- Proof of residence (lease agreement, mortgage statement, or tax bill)
- Proof of income (2 last pay stubs or letter from employer)
- Photos of exterior and interior of the vehicle
- Clear photo of the vehicle’s odometer
- Proof of vehicle insurance
- Proof of ownership of vehicle (car registration, or car title)
- Void cheque
- 5 references
- Once your documents are reviewed and approved, you’ll receive the cash you need up to $25,000 wired directly into your bank account, usually within 24–48 hours.
This simple breakdown shows how bad credit loans work—with clear steps, minimal paperwork, and fast results even if your credit history isn’t perfect.