Credit Matik (creditmatik.ca) is a Canadian online credit service offering fast financing of $500 to $1,500 with no credit check, available to residents of Quebec and Ontario. Access to its fast credit is part of a paid membership that also includes credit monitoring, merchant discounts and other financial tools.
Smarter Loans Expert Review for Credit Matik
Credit Matik (creditmatik.ca) is a Canadian online credit service offering fast, no-credit-check financing of $500 to $1,500 to residents of Quebec and Ontario. It positions itself as an alternative to payday loans and traditional installment loans: instead of a fixed-term loan, members get access to a flexible credit solution repaid in installments, with approval based on income rather than credit history. Applications take about two minutes, income is verified through Instant Bank Verification (IBV) rather than documents, and funds can arrive the same day when an application is approved before the daily cut-off.
The distinctive part of the model is membership. Credit access is reserved for Credit Matik members, and membership costs $3.53 per day, billed weekly, per the company's published FAQ. The membership bundles additional services — Equifax Complete Premier credit monitoring with identity-theft coverage, merchant discounts, legal-services access and a prepaid card (announced as coming soon). Borrowers should weigh the full cost of membership alongside the advertised interest rate when comparing options.
What we like
- No credit check at any point — the company states your credit history will never be the reason an application is declined, and approval rests on current income and repayment ability.
- One of the broadest accepted-income lists we have seen for this product class: employment income, self-employment, pensions (including OAS, GIS and CPP), Employment Insurance, and provincial programs such as RQAP, CNESST and SAAQ in Quebec, and ODSP and WSIB in Ontario.
- Fast, fully online process: a two-minute application, bank-level IBV income verification with no documents, and same-day deposits for applications approved before 2:30 p.m.
- Clear positioning against payday loans: repayment is spread over installments rather than due in full on the next payday.
- Published, accessible customer support hours seven days a week, with separate client-care and collections lines.
Where it could improve
- The mandatory membership fee ($3.53/day, billed weekly) is the real cost driver and sits outside the advertised interest rate; a single all-in cost-of-borrowing figure is not published.
- The maximum amount of $1,500 is small — borrowers needing more will have to look elsewhere.
- The corporate legal name and provincial licensing details are not published on the website.
- The website's repayment calculator shows indicative amounts only, so it is difficult to know your exact total repayment before applying.
Credit Matik is a fit for borrowers with non-traditional or benefit income who need a small amount quickly and cannot pass a credit check — and who have compared the total cost of membership-based credit against alternatives first.
Products Offered
AMOUNT
$500 - $1,500
Contact information
-
7750 Cousineau Blvd, Suite 302, Saint-Hubert, QC J3Z 0C8
Availability:
Quebec and OntarioSupport Offered:
- Phone
Frequently Asked Questions About Credit Matik
What is Credit Matik?
What are the eligibility requirements in Ontario?
To qualify in Ontario you must: be at least 18 years old; reside in Ontario; have been employed for at least three months and/or receive an eligible income; receive your income by direct deposit into a Canadian financial institution; not be insolvent; and have a minimum monthly income of $2,500.
Does Credit Matik check your credit?
No. Credit Matik never runs credit checks. Approval is based on your current income and ability to repay, verified through secure Instant Bank Verification (IBV). The company states that your credit history will never be the reason an application is declined.
How fast will I receive the money?
In most cases funds are deposited by Interac e-Transfer the same day the request is approved - in Ontario, same-day deposit applies to applications completed and approved before 2:30 p.m. Depending on your financial institution, the deposit can take 24 to 48 business hours.
What are the eligibility requirements in Quebec?
To qualify in Quebec you must: be at least 18 years old; reside in Quebec; have been employed for at least three months and/or receive an eligible income; receive your income by direct deposit into a Canadian financial institution; not be insolvent; and have a minimum net monthly income of $1,500.
What types of income does Credit Matik accept?
Credit Matik accepts a wide range of income sources. In Quebec: employment income, parental insurance (RQAP), CNESST and SAAQ compensation, solidarity benefits (disability or basic income), pension plans, self-employment income, government pensions (OAS, GIS, CPP) and Employment Insurance. In Ontario: salaried income, various pensions, self-employment income, ODSP, OAS, GIS, CPP, Employment Insurance and WSIB.
How much does the Credit Matik membership cost?
The membership costs $3.53 per day, charged on a weekly basis, per the company's published FAQ. Only members can request fast credit of up to $1,500. The membership also includes Equifax Complete Premier credit monitoring, identity-theft protection, merchant discounts and access to other financial tools.
Is Credit Matik a payday lender?
No. Credit Matik states it does not offer payday loans. It offers a flexible credit alternative repaid over several installments rather than in a single lump sum on your next payday, which the company positions as easier to budget and less risky than a traditional payday loan.
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