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Emergency Loans in Canada
Emergency Loans
Choose the best emergency loans provider in Canada. Compare offers and terms of the emergency loans. Apply for a loan online from home.
Fast information
Properties of this loan
- Online loans up to $50.000
- Term 6 - 120 months
Loan terms
- A government-issued ID (ex: driver’s license, Canadian passport)
- Proof of income (ex: latest pay stubs, latest T4, CPP statement)
- Rent verification (ex: lease agreement)
About company
More information about the company Fairstone Bank of Canada
Fast information
Properties of this loan
- Online loans up to $2.500
- Term 98 - 210 days
Loan terms
- At least 18 years old
- Live in Quebec
- Have worked at your current job for at least three months
- Have an active bank account in Canada
- Not in bankruptcy
- Earn at least $1,500 per month
About company
More information about the company Alterfina
Fast information
Properties of this loan
- Online loans up to $1.500
- Term 6 – 60 months
Loan terms
- You must be a resident of NS, NB, SK, AB, BC, PEI, ON or MB.
- You must be at least 18 years or older
- You must have a steady income which is received income via direct deposit
- You must have an active Canadian bank account
- You must have a working email address and phone number
About company
More information about the company GoDay
Fast information
Properties of this loan
- Online loans up to $1.500
- Term 1 - 14 days
Loan terms
- Canadian resident
- Available in BC, ON,
- Age of majority in your province
- Minimum income $1,000
- Active bank account
- Steady income
- Phone number
About company
More information about the company CURO Canada Corp. o/a Cash Money
Fast information
Properties of this loan
- Online loans up to $1.250
- Term 3 - 6 months
Loan terms
- You must be at least 18 years old
- You must be a resident of Quebec
- You must be employed for at least 3 months
- You must have a monthly income of at least 1,200.
- You must have access to a phone.
About company
More information about the company Creditmatik.ca
Fast information
Properties of this loan
- Online loans up to $100.000
- Term 72 - 120 months
Loan terms
- If you will get the loan of $1.000 with the term of 12 months, your totally payment would be $1 501.08. The fee is $501.08.
About company
More information about the company easyfinancière
Fast information
Properties of this loan
- Online loans up to $15.000
- Term 12 - 60 months
Loan terms
- Ontario resident 18 years of age or older Steady income Active banking account
About company
More information about the company Cash 4 You
Fast information
Properties of this loan
- Online loans up to $1.000
- Term 3 months
Loan terms
- Must be at least 18 years or older
- Must make at least $1,200 monthly after taxes
- Must have had same employer for the last 2 months
- Must be Canadian resident
- Must have active bank account
- Must be paid by direct deposit
- Must not be in a bankruptcy or a consumer proposal
About company
More information about the company LoanMeNow
Fast information
Properties of this loan
- Online loans up to $25.000
- Term 5 – 20 years
Loan terms
- Must be 18+ years old
- Have a credit score of 700+
- Have a minimum annual income of $40,000
- Have a debt-to-income ratio of less than 35%
- Must be a Canadian resident for at least 3 years
- Have a minimum of 3 trades on your credit report
- Have a verifiable Canadian bank account
- Have not declared bankruptcy in the last 12 months
About company
More information about the company 36 - 60 months
Fast information
Properties of this loan
- Online loans up to $15 000
- Term 1 - 12 months
Loan terms
- Canadian citizen
- Between the ages of 18 and 70
- Steady income
- Active bank account
- Credit check
About company
More information about the company LendDirect
Fast information
Properties of this loan
- Online loans up to $10.000
- Term 14 days
Loan terms
- 18 years of age or older
- Active bank account for last 30 days
- Steady income
- Paid via direct deposit
About company
More information about the company Loan Express
Fast information
Properties of this loan
- Online loans up to $15 000
- Term 12 - 60 months
Loan terms
- Must be at least 18 - 19 years old depending on the province
- Must have an active chequing account
- Must have a steady source of income
- Must not have any debt in collections
- Must not be in bankruptcy
About company
More information about the company Loanz Canada Inc.
Fast information
Properties of this loan
- Online loans up to $15 000
- Term 1 - 12 months
Loan terms
- Must live in Ontario, British Columbia or Nova Scotia
- Must be at least the age of majority
- Must have three months of consistent work history
About company
More information about the company Pay2Day
Fast information
Properties of this loan
- Online loans up to $15 000
- Term 6 - 60 months
Loan terms
- Canadian citizen
- Between the ages of 18 and 70
- Steady income
- Active bank account
- Credit check
About company
More information about the company FlexMoney
Fast information
Properties of this loan
- Online loans up to $10 000
- Term 12 - 48 months
Loan terms
- Must have equity in your car
- Must have a valid driver’s license
- Must be a permanent Canadian resident and at least 18 – 19 years of age
- Must have an active bank account with direct deposit capability
About company
More information about the company Go To Loans
Fast information
Properties of this loan
- Online loans up to $5 000
- Term 3 - 5 months
Loan terms
- Age of majority
- Steady employment
- Bank account active for 90+ days
About company
More information about the company GoLoans
Fast information
Properties of this loan
- Online loans up to $200
- Term 14 days
Loan terms
- Valid chequing account
- Steady income
About company
More information about the company Bree
Fast information
Properties of this loan
- Online loans up to $2 200
- Term 1 month
Loan terms
- Must have equity in your car
- Must have a valid driver’s license
- Must be a permanent Canadian resident and at least 18 – 19 years of age
- Must have an active bank account with direct deposit capability
About company
More information about the company MDG
Fast information
Properties of this loan
- Online loans up to $35.000
- Term 6 — 60 months
Loan terms
- A government-issued ID (ex: driver’s license, Canadian passport)
- Rent verification (ex: lease agreement)
About company
More information about the company LendCare
Fast information
Properties of this loan
- Online loans up to $50.000
- Term 12 - 96 months
Loan terms
- Be at least the age of majority in your province or territory (18 – 19+)
- Be a permanent resident of Canada
- Possess a valid Canadian driver’s license
- Earn a minimum monthly income of $1,800 (income assistance may be factored in, including ODSP)
- Show proof of your address and active bank account (most recent paychecks and bank statements)
About company
More information about the company Auto Credit Deals
Fast information
Properties of this loan
- Online loans up to $15.000
- Term 9 — 60 months
Loan terms
- Non-expired Government issued photo I.D.
- Proof of address
- Proof of income (two recent paystubs)
- Bank statement (last 90 days of banking information)
- Pre-authorized debit form or void cheque
About company
More information about the company LM Credit
Fast information
Properties of this loan
- Online loans up to $100 000
- Term 12 — 60 months
Loan terms
- Canadian resident
- Age of majority in your province
- Steady employment
- Receive income from direct deposit (no self-employed)
- No social assistance
About company
More information about the company Fina Capitale
Fast information
Properties of this loan
- Credit card up to $1 500
- Term 1 year
Loan terms
- Must complete Flexiti application
- Must be 18+ years of age
About company
More information about the company Flexiti Financial Inc.
Fast information
Properties of this loan
- Online loans up to $100.000
- Term 6 — 60 months
Loan terms
- A government-issued ID (ex: driver’s license, Canadian passport)
- Proof of income (ex: latest pay stubs, latest T4, CPP statement)
- Rent verification (ex: lease agreement)
About company
More information about the company SNAP Home Finance
Fast information
Properties of this loan
- Online loans up to $7 000
- Term 6 — 60 months
Loan terms
- Canadian resident
- Age of majority in your province
- Bank account
- Living at currrent address for last 3 months
About company
More information about the company Cashco Financial Inc.
Fast information
Properties of this loan
- Online loans up to $5.000
- Term 6 — 36 months
Loan terms
- At least 18 years of age Canadian resident
About company
More information about the company Loanaway Inc.
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Properties of this loan
- Online loans up to $10.000
- Term 12 — 60 months
Loan terms
- Canadian resident
- Age of majority in your province
About company
More information about the company Lending Mate Finance Inc
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Properties of this loan
- Online loans up to $1.500
- Term 14 days
Loan terms
- 19 years of age or older
- Employed at same place for last 3 months
- Active bank account that shows last 2 months of paycheques
- Make at least $1000 a month
- Working phone number
About company
More information about the company Focus Financial Inc.
Fast information
Properties of this loan
- Online loans up to $10 000
- Term 9 – 36 months
Loan terms
- Canadian resident
- Age of majority in your province
About company
More information about the company Dominion Lending Centres SkyCap Mortgage Services
Fast information
Properties of this loan
- Online loans up to $750
- Term 3 — 5 months
Loan terms
- Canada citizen
- 18 years of age or older
- Receive income via direct deposit
- Steady employment for last 3 months
- Monthly income of at least $1,200
- No CPP, private pension, student loan, self-employed, child tax, disability etc.
About company
More information about the company Easternloans
Fast information
Properties of this loan
- Online loans up to $2 000 000
- Term 36 — 60 months
Loan terms
- Canadian resident
- Age of majority in your province
- Steady employment
- Receive income from direct deposit (no self-employed)
- No social assistance
About company
More information about the company ATB Financial
Fast information
Properties of this loan
- Online loans up to $100 000
- Term 12 - 240 months
Loan terms
- Must have a government-issued picture ID
- Must have a void personal cheque
- May need proof of income
About company
More information about the company FinanceIt Canada Inc.
Fast information
Properties of this loan
- Online loans up to $100.000
- Term 24 - 96 months
Loan terms
- Be at least the age of majority in your province or territory (18 – 19+)
- Be a permanent Canadian resident
- Possess a valid Canadian driver’s license
- Show proof of your address and active bank account (most recent paychecks and bank statements)
About company
More information about the company Canada Drives Ltd.
Fast information
Properties of this loan
- Online loans up to $1 000
- Term 14 days
Loan terms
- Age of majority in your province
- Active bank account
- Steady income
About company
More information about the company PaydayKing.ca
Fast information
Properties of this loan
- Online loans up to $1.200
- Term 1 - 12 months
Loan terms
- You must be at least 18 years of age You must be a Canadian Resident You have an active bank account You must have a regular income that is deposited via direct deposit You must have a personal phone number
About company
More information about the company Instant Funding
Fast information
Properties of this loan
- Online mortgages up to $1 000 000
- Term 60 – 120 months
Loan terms
- A government-issued ID (ex: driver’s license, Canadian passport)
- Proof of income (ex: latest pay stubs, latest T4, CPP statement)
- Rent verification (ex: lease agreement)
About company
More information about the company Neo Mortgage
Fast information
Properties of this loan
- Online loans up to $300.000
- Term 3 — 24 months
Loan terms
- Your business is based in Canada
- Your FICO score is a minimum of 600
- Your annual revenue is a minimum of $120,000
- You have been operating for at least 6 months with a dedicated business bank account
About company
More information about the company Purpose Unlimited
Fast information
Properties of this loan
- Online loans up to $15 000
- Term 9 — 60 months
Loan terms
- Must be age of majority in your province
About company
More information about the company Fresh Start Finance
Fast information
Properties of this loan
- Online loans up to $100 000
- Term 12 — 60 months
Loan terms
- At least 18 years of age
- $2,000 income
- Permanent Resident or Canadian citizen
About company
More information about the company Magical Credit
Fast information
Properties of this loan
- Online loans up to $35 000
- Term 1 - 12 months
Loan terms
- Must be a permanent resident of AB, BC, MB, NB, NL, NS, ON, & PEI
- Must be the age of majority in your province
- Must have an annual income of at least $13,000
- Must be steadily employed for the last 30 days (you can be employed full time, part-time or be self-employed)
About company
More information about the company Mogo Finance
Fast information
Properties of this loan
- Online loans up to $12 500
- Term 12 - 60 months
Loan terms
- Ontario resident 18 years of age or older
- Steady income Active banking account
About company
More information about the company Consumer Capital Canada
Fast information
Properties of this loan
- Online loans up to $150
- Term 14 days
Loan terms
- Canadian resident
- Age of majority in your province
- Bank account
- Living at currrent address for last 3 months
About company
More information about the company Equifax Canada Co.
How to Get Emergency Loans in Canada
When you're hit with a surprise emergency and have no one to turn to for help, it can be really tough. If you're going through a rough patch financially and your emergency fund isn't enough to cover the costs, getting an emergency loan can be a smart move. A small emergency loan could be just what you need to handle unexpected expenses and avoid getting stuck in debt with high-interest rates.
Are You Eligible For A Personal Emergency Loan?
There are requirements that you must fulfill in order to be eligible for an emergency personal loan. You must first meet the eligibility requirements of being a Canadian citizen or permanent resident. You also need to be between the ages of 18 and 19, which is usually the legal age of majority in your province or territory, in order to submit a loan application.
How to Apply For A Personal Emergency Loan In Canada
You need to satisfy specific requirements and provide the required documentation to get a personal emergency loan in Canada. The first step in the process is to get all the necessary papers together. Some examples of this information include your SIN, evidence of work, and personal details such as full name, date of birth, address, and email. A lender will ask for information about your present obligations, the amount you need, and whether they may check your credit and payment history before approving a loan.
Documents Required For A Personal Emergency Loan
You will need to submit quite a number of documents when applying for a personal emergency loan. You may be asked to provide several forms of identification, including a valid picture ID (e.g., a passport or driver's license), recent bank statements (no more than 60 days old), proof of income (e.g., a letter from your employment) and/or a VOID check or pre-authorized debit form.
You can apply for the loan when you have gathered all the required paperwork. If the lender has a physical location, you can also apply in person. Otherwise, you can apply online. It's wise to compare loan offers and be pre-approved before moving further. Fill out the loan application and send it in once you've decided on a lender.
The lender will let you know you're approved if everything checks up. The next step is to finalize your loan agreement by signing and submitting it. Within one or two business days, you should have the money in your bank account or other electronic account, depending on when and where you submitted your application. You may get your money in as little as a few hours or minutes with some lenders.
How Long Does it Take to Get a Payday Loan?
Timeframes for loan acceptance and deposits might differ among lenders. But there are a number of options available to you in Canada that can get you a loan quickly (within hours or minutes):
Visit a Payday Lender
Payday loans are short-term, easy-to-approve loans that range from $100 to $1,500 and have a 14-day duration, perfect for those who need money quickly but don't have excellent credit or a steady salary. These lenders can approve you for a modest loan and have the money in your account in as little as fifteen minutes.
Canada has severely limited access to these loans due to the significant risk of predatory lending, fraud, and excessive debt that comes with their exorbitant interest rates and fees.
Get a Personal Loan Through Online or In-Person Application
Online or in-person personal loans are available from the majority of financial institutions, including banks, credit unions, and alternative lenders. While the specifics of a big loan at a low-interest rate could vary from one lender to the next, a solid credit history, steady income, and manageable debt-to-income ratio are often the most important factors in determining approval.
The automated underwriting procedure and more lenient lending rules of internet lenders make them a better alternative to banks for those in need of quick cash. Funding can be provided as soon as one to two days after applying with certain online personal loan providers.
A Cash Advance on Your Credit Card
Another option is to get a credit card, which allows you to access your available funds instantly at approved service points or ATMs. Although cash advances are fast and easy, you should be aware that they typically have high interest rates and costs compared to the normal credit card purchase rate. The borrowed money will also be immediately accrued with interest until the advance is paid back.
What Happens If You Have Bad Credit And Need A Personal Emergency Loan?
Have no worries, if this is you, you should know that borrowers with poor or terrible credit can find a wide variety of options for urgent loans for bad credit in Canada from online sites and other sources. Lenders like these also consider your income, debt-to-income ratio, and other financial metrics when deciding whether or not to extend loans.
Although many of these lenders have a quick approval procedure, the interest rates are typically far higher for instant loans in canada than what you would obtain with good credit. Spreading the cost across more manageable monthly installments is preferable than taking out a payday loan or charging the entire amount on a credit card.
What Can An Emergency Loan Help With?
Anyone can qualify for a personal emergency loan in the event of a sudden and unexpected need, such as a car breakdown, a plumbing issue, or a medical emergency. The best part about getting an emergency loan is that you may use the money for anything you need it for after you're accepted. With this loan, you will be able to:
- Pay for the unexpected emergency
- Pay for any extra expenses
- Afford the cost of living in the event that you are unable to work.
- Keep away from the high-interest rate of credit card debt.
So, if you're still unsure about taking out a personal loan to cover unexpected expenses, think about how the money will assist with both your immediate needs and getting back on your feet.
How To Choose An Emergency Loan Lender?
Choosing the correct lender is important if you want the process to be as productive as possible. With the support of the finest lenders available, you can handle your situation with ease and speed, knowing that you've chosen the proper choice.
You should gather some information before making a final choice. If you're in need of an emergency loan, here are some things to keep in mind so that you may find a reliable lender and receive your money fast.
- Get some reviews by doing a quick search on Google.
- Make sure your monthly income is sufficient to cover the costs.
- No respectable lending institution will ever demand payment in advance.
- There are always requirements and processes to follow, so be wary of lenders that make grand promises.
- Be sure you know how much the loan will end up costing you in the end.
- If a lender offers you a deal that seems too good to be true, it's usually because they are trying to trick you. Trust your instincts.
If you're having trouble getting out of debt due to high-rate credit cards or payday loans, working with a private lender can help you pay for your emergency expenses quickly and get back on your feet with manageable monthly payments.
FAQs on Personal Emergency Loans
Can I get a personal emergency loan with bad credit?
Even with a low credit score (which is usually defined as anything below 600), it is certainly feasible to get emergency cash immediately
However, most financial institutions, including banks and credit unions, would only consider applicants with decent to outstanding credit scores, which are around 650 to 900 points. In this case, you may need to look for alternative or private lenders for your instant approval loans in canada
Remember that smaller loans with less flexibility typically come with higher interest rates and fees from lenders who accept weak or no credit.
Will I have to give the lender my credit score to qualify for a loan?
Lenders can quickly gauge your reliability as a payment-on-time borrower by looking at your credit score. When you apply to get emergency cash immediately in Canada with a traditional lender, they will likely do a basic credit check. There are lots of alternative lenders in Canada, however, and they won't even look at your credit history if you satisfy all their other financial and personal criteria.
What is the processing time for personal emergency loans in Canada?
If you request for an instant loan within business hours, the majority of lenders will deposit the money within the first two days after approval, however, this might vary depending on the specifics of your case. Your bad credit emergency loan may not be processed until the next business day if you apply during the weekend or on a holiday.
