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Bad Credit Loans in Toronto

Canadians can get a bad credit loan in Toronto through modern money lenders, payday loan stores, or pawnshops. Any of these outlets can provide you with a short term loan for up to $1,500.

Toronto is one of the most popular cities in Canada, if not the world. It is the central hub for many large businesses; it has an enormous arts and culture scene; diverse eateries; plus, an infinite number of events for tourists and locals alike to experience.

As a result, the cost of living in Toronto can be a challenge at the best of times – let alone when sizable, unexpected expenses come up. Unfortunately, enough of these can result in bills not being paid on time, debts being defaulted on, or personal bankruptcy.

All-of-a-sudden, you have poor credit and need financial support.

In this situation, you should not turn to a bank, as they are not interested in helping people with bad credit scores. Fortunately, modern lenders are willing to help you, even if you have a poor credit rating.

If you’ve been looking for a way to get quick cash in Toronto without a lot of hoops to jump through, long wait times, or other hassles, then iCASH loans are the perfect solution for you!

You can apply online and get funded in as little as 2 minutes. During the application process, you’ll need to give us your contact details, as well as information related to your employment status and income.

A credit check will be performed on you, but companies like ours will not reject your application based solely on your credit score.

Once you receive fast approval for your loan for bad credit, you will get the money you need to improve your financial situation.

Unsecured Personal Loans For Bad Credit in Toronto

With unsecured personal loans for bad credit in Toronto, you will not have to put anything up to get funds. Instead, you just have to fill out our secure online loan application with all of the information requested.

Taking out a secured loan requires you to put up a piece of collateral (i.e., a valuable personal item) to receive monetary help. This can be intimidating for a borrower.

Rather than making you feel that way, our loans are somewhat flexible, as they are available to those who receive employment income or other sources of earnings.

For instance, you can show us proof of earnings that you have collected from insurance and government benefits (i.e., disability, pension, child tax), as well as other income assistance programs. You just need to enter this personal information into the Employment Details section of the application.

Don’t worry if your credit score is not the best. We believe everyone should have the opportunity to receive an unsecured personal loan. Even if you have poor credit or no credit history at all, you will still receive a fast, instant decision from us.

What’s more, we send your funds via e-transfer within minutes of approving your application. From there, all you need to do is drop the money into your bank account of choice.

Once the money is in your possession, it is unrestricted. As a result, you will be able to use the funds whichever way you see fit. However, it is recommended that you only use your unsecured loan for one-time urgent matters.

How to Compare Online Payday Loans in Toronto for Bad Credit

Indeed, one major perk associated with online payday loans for bad credit in Toronto is their convenience.

Gone are the days of having to find a physical loan place and hope they are open when needed most. Now, all you need to do is find an excellent online lender’s customer-friendly website or mobile app.

Before jumping into online loans for bad credit, it is wise to do some homework ahead of time. More specifically, you should compare these elements before deciding on which direct private lender to work with:

· Responsible loan amounts: The maximum you can borrow in Canada is $1,500. That said, you should seek a responsible lender. We will not approve you for an amount that is higher than you can pay back. Not all lenders are this conscientious.

· Licenses: Make sure any lender you are considering is licensed in the province you live in. Unfortunately, unlicensed lenders exist and prey upon the financially vulnerable.

Reputation: Go online and check out customer reviews. These informed perspectives can provide great insight into how certain lenders do business.

· Approval and payout speed: Online loans for bad credit are usually needed quickly by customers. Thus, it is essential to know if who you are borrowing from offers fast approval and payout.

· Repayments: Lenders can offer various loan repayment options. Some can be as short as a week; others can spread across multiple pay cycles. Be sure to select one that best suits your financial situation.

· Eligibility: Direct private lenders will have basic requirements that you need to meet to be approved for a money loan. It is best that you review these details carefully before beginning.

Apply for a Loan with Bad Credit in Toronto

If you have poor credit and need help overcoming a monetary shortfall, we here at iCASH are ready to help you get back on your feet. You can apply for a loan with bad credit in Toronto with us.

We know and appreciate that life can take a sudden turn and flip your credit score upside down. Whether it is a surprise job loss, or a desperately needed basement plumbing repair job, these particular situations can lead to financial struggles.

With us, you can get a loan with bad credit using our customer-friendly website and mobile app for iOS, as well as Android devices. Since we do not operate any storefronts, you will have the freedom to seek funds from the comfort of your own home, office, or vacation destination.

As an online-only entity, we work 24 hours a day, seven days a week to help individuals like you quickly receive the help you need. Whether it is Tuesday, Sunday, or Christmas Day, you can get a loan through us and receive an instant decision upon submitting your digital application.

Once your loan is approved, we will transfer funds to you in just a handful of minutes. We will not make you wait for hours or days for the money you need immediately.

These are the eligibility requirements you must meet to apply for an loan from iCASH:

• Be at least 19 years of age
• Show that you have been working with the same employer for the past three months
• Have a net income of at least $800/month
• Receive your paycheques via direct deposit
• Have a Canadian bank account that has been in existence for a minimum of three months
• Provide a valid mobile phone, email address, and home address

You can trust that we will be there for you throughout your borrowing experience. We have an excellent customer service team that is always ready to guide you through our process.

Since 2014, we have assisted over 300,000 customers and approved 93% of all loan applications received. What’s more, 4.9 out 5 of our customers have said they would recommend us to their friends.

We take pride in such consumer confidence and will always strive to work with you in a professional yet respectful manner.

We also provide bad credit loans in these cities of Ontario

in Toronto, Ottawa, Mississauga, Brampton, London, Windsor, Hamilton, Markham, Niagara Falls, Kitchener, Barrie, Oshawa, Brantford, Guelph, Burlington, St. Catharines, Sudbury, Cambridge, Thunder Bay, Scarborough, Bellville.

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Apply Online

Just use the simple form on our website – select the amount of cash that you want to borrow, your repayment plan, provide some information and you’re on your way.

Instant Decision

Complete your loan application. You’ll receive an instant approval, so you can put your finances back on track. Fast, easy and reliable loans from a trusted licensed direct lender.

Get Fund

Your funds will be sent via e-transfer in 5 minutes or less. Our transfers mean your money is available anytime you need it. Safe, urgent online loans with same day funding.

Minimum repayment period 61 days. Maximum repayment period 62 days. Maximum APR is 109,50%. For a $300 loan, the maximum total cost of borrowing is of $354. Interest fees: Alberta $15 per 100, British Columbia $15 per 100, Manitoba $17 per 100, New Brunswick $15 per 100, Nova Scotia $19 per 100, Ontario $15 per 100, PEI $25 per 100. 372 Bertha Street, Hawkesbury, Ontario, K6A 2A8. iCASH only offers online services. Please note that we cannot accept customers or conduct any transactions from this location.

Bad Credit Loans in Toronto FAQs

Do I qualify for a personal loan in Toronto if I have bad credit?

Yes, you do! You can get a loan with bad credit in Toronto. Just fill out our secure online application, and you will be good to go.

We will perform a credit check on you, but no credit check we do is complete without looking at other pieces of criteria, like whether or not you’ll be able to repay your loan on time. Your application will not be rejected solely based on your credit score.

Am I eligible for an installment loan for bad credit in Toronto if I receive a pension?

If you receive CPP or other government benefits like disability or a child tax, you can receive an EI loan, child tax loan, ODSP loan or CPP loan from us.

When filling out your application, just provide details related to the income assistance you receive within the Employment Details section.

Can I get a payday loan for bad credit in Toronto on weekends?

Our payday loans for bad credit are available 24/7. If you need fast cash on a Saturday morning, you can rely on iCASH.

We even approve loans on holidays because you just never know when an unanticipated expense might appear.



Borrow and Save!
Get up to 20% in Cashback!*

iCASH offers a unique Cashback program to reward its customers in Canada. You can get back up to 20% of the cost of borrowing paid once your loan is repaid and receive your Cashback direct into your bank account the same day. Real saving and real Money!*

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