Customize your instant loan
Receive your money by 3:41 pmMinimum
$100
$750
Maximum
$1,500
1
2
3
Elite
New customer
Prestige
VIP
Cost summary
Apply now and receive your money by e-Transfer at no extra cost.
Bad credit loans in Ontario
Residents of Ontario can get bad credit loans for up to $1,500, regardless of their credit score. iCash offers loans for bad credit loans in Toronto, Ottawa, Mississauga, and everywhere else in Ontario, online!
It isn't hard to end up with poor credit. Anything from having a few late or missed bill payments to defaulting on a mortgage can be damaging to your financial reputation. Many people also don't realize that simple acts like applying for new credit, maxing out or closing credit cards, and even having no credit history all contribute to lowering credit scores.
At the end of the day, you may have ended up with bad credit long before you ever realized what was happening. Credit scores generally range as follows:
• A credit score of 300 to 599 points is considered poor.
• A credit score is 600 to 648 points, is considered fair.
• A credit score of 800 points or above is considered excellent.
Those with low scores or even no credit history at all are still eligible for loans. Unsure of how to get a loan with bad credit in Ontario?
Simply look to one of the many private lenders in Ontario, or anywhere else in Canada, who are willing to give out loans to people with bad credit history.
Direct online lenders evaluate loan applications on different criteria than traditional lenders. Bad credit loans are approved based on individual circumstances instead of just one's credit score and are limited to $1,500. Keep in mind that this type of short term loan should only be used to cover emergency or unexpected expenses.
For most financial institutions in Ontario, poor credit means high-risk. Traditional loan lenders often refuse to approve loans from individuals who can't meet a certain credit threshold. This is because they're deemed to be less likely than individuals with good credit to pay back a money loan.
With regular living expenses and other unexpected fees piling up, individuals with low credit scores may find it practically impossible to take out a traditional loan.
Do you need a bad credit loan in Ontario? Apply now with a direct online lender and get instant approval.
Online Payday Loans in Ontario for Bad Credit
Online payday loans in Ontario for bad credit are available through modern direct lenders. You could apply for a small loan, get approved, and receive the money, all within the day. Thanks to the power of the internet, you can (yes, even with a low credit score).
Ontario-based direct lenders simplify the application and approval process by offering online loans for people with poor credit.
So, while waiting to hear back from a bank rep about whether or not your online loan's been approved can be extremely frustrating, you do have other options.
In Ontario, online bad credit loans can give you a decision on your loan in less than five minutes after you apply. Whether you have to pay an emergency dental or medical fee or need to cover unexpected childcare or legal expenses, the speed of your loan's approval can make the difference.
Plus, online direct lenders allow you to apply from anywhere in Ontario. You can simply apply for your online loan bad credit on the go or at home using your device. Easy loan applications don't get more convenient than that.
Anyone who's ever taken out a loan with a bank knows that there's a pile of documentation that needs to be read through, filled out, and signed in person. Plus, there's no limit to what papers may be requested from you: pay stubs, credit histories, letters of employment…. the list goes on.
Don't waste time collecting documents and filling out paperwork for your emergency loan — you have better things to do. Online loan applications for people with poor credit eliminate that time-consuming and monotonous back and forth around paperwork.
Also, you don't need to change your schedule to suit the regular nine-to-five business days that financial organizations usually run by. If you need to take out an online payday loan in for bad credit, you can do so according to your schedule as online lenders offer 24/7 service.
Not only is the application and approval process quicker digitally, but many online lenders provide same-day funding as well. Once your bad credit loan application is approved, sign your loan agreement and send it back to us. The loan amount will be e-transferred to you immediately. That mean you’ll have access to quick cash in minutes.
It's also worth noting that taking out an express loan online doesn't mean that your private details aren't secure. Many private lenders go above and beyond to ensure your personal information, account details, application, and repayments are entirely protected.
If you have any other concerns about taking out a loan online, private lenders offer exceptional customer support. Your loan lender should be able to give you access to resources and services that can help answer your questions in a timely manner.
Overall, this quick solution translates to less wait time, less judgment, and less work for you. Just remember to research your online lender thoroughly before taking out a bad credit payday loan with them. It's essential to double-check that they can offer you fixed interest rates, have good reviews and that you meet all of their eligibility requirements.
Bad Credit Payday Loans in Ontario
While bad credit payday loans in Ontario are designed to be easy to obtain, even with poor credit, that doesn't mean they are meant to be spent lightly. Quite the contrary! As one of the few types of credit or loans that people with bad credit can qualify for and obtain, they are, first and foremost, designed to help people improve their financial situation.
The potential uses for payday loans with bad credit in Ontario and elsewhere in Canada are numerous. This is because the cash funds that are provided by the loans are unrestricted. They're not linked to the purchase of a specific thing, like a mortgage is for a home or a car loan is for a car. Instead, the proceeds from the loan take the form of cash, and like cash, they can be used as the customer sees fit.
Responsible use of a loan, however, means that payday loans for people with bad credit shouldn't be spent on luxuries or non-essentials, like vacations or impulse purchases. Instead, they are intended to help with a borrower's cash flow and unplanned but urgent expenses that cannot be avoided. That's how they should ideally be used to help people in financial trouble and avoid creating unmanageable debt.
To that end, there are some common ways in which people use bad credit payday loans in Ontario successfully today. They include:
• Paying for travel and lodgings to deal with a family or personal emergency.
• Covering rent, utilities, and other essential expenses until the next payday.
• Affording urgent auto repairs to get a car back into working order.
• Repairing or replacing essential home appliances, such as heating and cooling systems, a fridge/freezer, stove/oven, and similar.
• Paying for urgent home repairs, such as a broken window in winter, a leaky roof, etc.
• Helping with costs from unplanned or uncovered medical, dental, or veterinary expenses.
• Avoiding service terminations or significant penalties for missing scheduled payments on other debts or obligations.
Instant Loans for Bad Credit in Ontario
When you need money fast to pay for unexpected bills and expenses, an instant loan for bad credit can be a lifesaver.
There's no lengthy waiting like with a traditional personal loan, no annoying time-wasting visits to a lender's branch office, no phone calls, no faxing or mailing documents, and no hassle.
Our application process doesn't require you to submit any documents. All you need to do is fill out a simple form and watch as your application receives instant approval. After submitting your loan application and getting approved, sign your loan agreement and submit it, the money will be sent via email money transfer within minutes.
What that all means is that you can have up to $1,500 in an hour or less from the start of your loan application.
We also ensure that the terms and conditions of our instant loans are entirely transparent, with absolutely no hidden fees. Our interest rates are fixed, so you always know what to expect.
In general, keeping financial and personal information safe is a priority for us, which is why we rely on encrypted technology to ensure your information is 100% secure.
Ontario residents can be eligible to participate in our cashback program*. This gives customers up to 20% of the cost of their loan back once it has been paid off.
If you are looking for a bad credit loan with guaranteed approval you need to know that these loans don't exist. However, at iCash we approve 9/10 applicants.
When it is all about speed and getting money fast, iCash should be your first-choice lender. We don't use the term "instant loans" lightly, but that's really what we offer.
This is how you can get an instant loan for bad credit in Ontario:
1) Complete our online application:
• Visit the iCash website or download our mobile loan app (for iOS or Android).
• Select the amount of cash you need to borrow.
• A credit check will be performed.
2) Instant approval:
• Get instant approval within minutes.
• Sign your loan agreement and send it back to us.
3) Same day funding:
• Get your money via email money transfer in 5 minutes.When you need to borrow money fast, you don't have time to wait – you need cash now! At iCash, we do everything we can to make sure you get your approval and your funds in your bank account as soon as possible.
Any resident of Ontario can apply for an instant loan for bad credit!
in Toronto, Ottawa, Mississauga, Brampton, London, Windsor, Hamilton, Markham, Niagara Falls, Kitchener, Barrie, Oshawa, Brantford, Guelph, Burlington, St. Catharines, Sudbury, Cambridge, Thunder Bay, Oakville, Scarborough, Kingston, Bellville.
Behind each review is an experience that matters
Since 2016, we've helped over half a million Canadians get instant loans online.
Since 2016 we have happily served over half a million customers.
Read more reviews.
Apply for a Loan for Bad Credit in Ontario!
Getting an online loan with us is fast and easy. Simply select your loan amount, repayment plan* and provide some personal details.
Our online loan application will tell you if you’re approved instantly. Once approved, all you have to do is electronically sign your contract. It’s that easy!
Once you sign your digital agreement, your cash advance will be sent by e-Transfer within 2 minutes. Fast, convenient and hassle-free. Funds are sent 24/7, no matter what.
Earn money every time you borrow with iCash! Our unique cashback program is designed to reward you for being a loyal customer and can help you save on future loan payments. After successfully paying off your first online loan, you'll receive 5% of the cost of borrowing credited to your account. You can earn up to 20% depending on how many iCash loans you have repaid.
Frequently asked questions
Have more questions? Check out our full FAQ.