Loans Toronto works with licensed Ontario lenders across 5 loan types. Each has its own page below with who it suits, how the lender sizes it and how quickly it funds by e-transfer. Pick the one that matches the bill in front of you.
Payday Loans Toronto
Bridge one paycheque to the next before rent day in a Liberty Village condo, under the Ontario cap.
Payday loans Toronto lenders write run from $100 to $1500, cost at most $14 per $100 borrowed, and come out of your next paycheque within 62 days. Every lender needs an Ontario licence under the Payday Loans Act, 2008, and most fund by Interac e-transfer. This page covers the cost, pay cycle timing, the rules and the extended payment plan.
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Installment Loans Toronto
Fixed monthly payments over 3 to 60 months for first and last on a new Toronto lease.
Installment loans Toronto lenders offer run from $500 to $10000, repaid in fixed monthly payments over 3 to 60 months at 18% to 35% APR. At 30% APR, $5000 over 36 months is about $212 a month. This page shows the payment tables, how a Toronto move or condo bill fits the product, and when it beats a payday loan.
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Bad Credit Loans Toronto
A lender reads deposits from hospital row or a Bay Street desk before it reads an old score.
Bad credit loans Toronto lenders offer are decided on the deposits in your chequing account rather than your credit score, as a payday loan of $100 to $1500 or an installment loan of $500 to $10000. This page covers what the lender reads instead, thin files, what a decline means and what a low score costs.
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E-Transfer Loans Toronto
Apply on the Line 1 ride home and the money lands by Interac, no stop on Yonge Street.
E-transfer loans Toronto lenders fund are ordinary payday or installment loans paid out by Interac e-transfer, so the money lands in your chequing account minutes after the lender sends it, usually within hours of signing on a weekday. This page covers the timing at each step, autodeposit, the account you need, and what evenings and weekends do to the deposit.
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Personal Loans Toronto
Unsecured amounts for a used car, dental work or a move from Etobicoke to the Danforth.
Personal loans Toronto lenders offer online are unsecured loans of $500 to $10000, repaid monthly over 3 to 60 months at 18% to 35% APR, with no car or condo pledged. At 30% APR, $6000 over 36 months is about $255 a month. This page covers term, rate, the bank comparison and the bills it usually pays.
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Choosing between them
A payday loan bridges one cheque to the next and is sized to a share of that cheque. An installment or personal loan spreads a larger cost over months. A bad credit page explains what a lender reads instead of a score. If you are unsure, the how it works page walks through the application, and the FAQ answers the questions that come up most.
