Customize your instant loan
Receive your money by 8:28 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.
Table of contents :
Bad credit loans Toronto are designed for those who have poor credit history and need immediate financial assistance to cover emergency costs such as medical bills or car repairs.
This type of funding can be obtained from various loan places depending on your specific needs and circumstances. Funding is available for up to $1,500, comes with instant approval, and requires no collateral.
Getting online payday loans for bad credit in Toronto can be an excellent choice if you find yourself in a financial pinch and cannot turn to traditional lenders. The eligibility requirements for these are often more lenient than those of banks or credit unions.
Most providers who offer this type of financial support only require proof of income and a valid bank account, so a low credit score or past financial mistakes will not necessarily disqualify you from getting funded.
This type of funding can help residents with poor credit scores get access to quick cash. Loans designed for all credit types are an excellent choice if you’ve faced rejections from traditional financial institutions due your credit history. Anyone who lives in Toronto, has a steady income source, and a valid bank account can borrow money instantly, regardless of their credit score.
A variety of companies, ranging from online providers to in-store payday loan places near you may offer bad credit loans in Toronto. However, it is imperative to choose a reliable lender that has great reviews. Choosing a lending company that is transparent about their terms and conditions, interest rates, and repayment plans can help you borrow money quickly and easily.
You'll also want to make sure the provider you choose is licensed to operate in Ontario and clearly displays credentials on its website. Getting a bad credit loan can be a practical solution for unforeseen expenses, but only from a company that operates legitimately.
Yes, there are many lenders in Toronto who offer urgent loans for bad credit in amounts of $100 - $1,500. Generally, they have minimal eligibility requirements, and shorter repayment periods compared to traditional funding solutions.
Whether you're in the middle of a busy work day and cannot make it to a physical payday loan store, or unable to leave your home for any reason, online providers have a convenient and accessible option for those with damaged credit in need of quick cash.
There are various types of bad credit loans in Toronto and you may want to consider which one best suits your financial needs before applying. If you've been denied a traditional loan because of a low credit rating, you may feel as though there's no other option.
Fortunately, some providers offer specific loans that cater to people with not-so-stellar credit, including unsecured personal loans for poor credit. Loan places that provide this type of funding require borrowers to repay the full amount plus interest in regular installments over a set period.
In Toronto, for example, you can borrow up to $1,500 with a maximum fee of $15 per $100 borrowed. This means that if you take out a $1,500 loan, you will pay back $1,725 in total over the agreed repayment period.
Of course, these terms can seem a little overwhelming, especially if you've never applied for a loan before. Let's break down the types of loans for individuals with low credit scores, so that you can confidently choose the best option for your unique financial situation.
Personal loans Toronto bad credit are one of the most sought-after types for individuals with poor credit history. They are unsecured, meaning you don’t have to put up collateral against the loan amount. They are typically used for covering immediate financial needs like paying bills, consolidating debt, or handling unexpected expenses.
Lenders offer up to $1,500 with quick approval and flexible repayment terms. What's more, most lending companies provide a complete online borrowing experience through the online application or instant mobile loans app. This means you can comfortably apply online, eliminating the need to visit a physical location altogether.
For those looking to borrow a sum of money and repay it over time, bad credit installment loans Toronto can be an excellent option. These loans allow you to repay the amount in fixed, typically weekly, installments over a specified term.
These types of fast installment loans can be beneficial if you are unable to pay off a large sum (a maximum of $1,500) all at once, and instead, prefer manageable, scheduled payments.
Online lending companies who provides personal loans with bad credit installment loans Toronto with a convenient application process and instant approval, making it easier to access financial assistance, even if your credit isn't so perfect.
Having a reliable car can be essential for many residents of Toronto, and bad credit car loans Toronto can make it possible. Funding is specifically designed for individuals who have a low credit score, so they can still access the cash needed to have a reliable mode of transportation. Imagine not having to worry about not qualifying for a traditional loan if your car breaks down or you need extra cash to put a down payment on a new vehicle.
If you need money now for up to $1,500 for car expenses, you can get an instant approval decision regardless of your credit status. Bad credit car loans Toronto can provide much-needed financial support and help individuals maintain a reliable mode of transportation for themselves and their loved ones.
Payday loans Toronto bad credit are ideal in situations where you need immediate cash. For example, if your home needs urgent repairs, medical bills need to be paid, or you've faced an unexpected job loss, this type of loan can provide quick financial relief. As long as you have a steady income source, including employment income, self-employment income, or are unemployed on government benefits, you can qualify.
There is no real difference between bad credit installment loans and payday loans in Toronto besides the name. Both are designed to provide financial assistance to individuals with damaged credit and can be obtained entirely online without the need for extensive documentation.
Direct lenders can provide both funding types for up to $1,500 with options of repayment in installments or one lump sum - it usually depends on the borrower's preference and borrowing amount.
Borrowing $100 from a payday loan provider, for example, may be easier to repay in a single payment rather than installments. However, if you're looking to borrow $1,500, an installment repayment plan may be a better option.
If you're wondering how to get a loan with bad credit in Toronto, you may think that your only option is to apply for a no credit check loan online. The truth is, most reputable lenders do not provide this type of funding because it's considered an irresponsible lending practice and doesn’t follow the province of Ontario’s payday loan regulations.
Although direct lenders won't provide payday loans Toronto no credit check, they can offer funding for poor credit to residents. Unlike no credit check loans, responsible loan providers will check your credit to determine your eligibility.
However, a lending decision won't be based upon your credit score - other factors such as income and repayment ability are taken into consideration. This means that even if you have imperfect credit, you can still get fast cash loans online, 24/7.
Here's how to get loans with credit difficulties:
Find bad credit loans Toronto, Ontario: Seek online loan companies who specialize in this type of funding. Poor credit or no credit history isn't a barrier to getting quick cash of up to $1,500 with instant approval via e-Transfer, 24/7.
Select your loan amount: Whether you need to borrow $100 or $1,500, you can easily select your amount through the online loans calculator. You can also select your repayment plan options for a better borrowing experience.
Fill out an online application: Whether you have a laptop computer, tablet or mobile phone, you can easily apply for a loan with poor credit. Simply fill out the online application with your personal and banking information.
Get instant approval: Once submitted, your application will be reviewed and an approval decision will be provided instantly. No need for Toronto loans no credit check when you can get instant approval, regardless of your credit history.
Get funded via e-Transfer 24/7: Your cash will be sent to you via e-Transfer within 2 minutes of approval. Get your funds and get on with enjoying everything the city has to offer.
Eligibility Criteria for Bad Credit Loans in Toronto
Meeting the eligibility criteria for bad credit loans in Toronto includes being the legal age of majority, having a steady source of income, and having a valid Canadian bank account that is set up for convenient e-Transfer payday loan transactions.
These loans have minimal requirements for eligibility to better serve your individual financial situation. The minimal eligibility criteria for getting funded with less-than-perfect credit include:
You are 18 years of age or older and have valid proof of identification.
You must reside in Toronto, Ontario or in any of the other provinces where loans for individuals with poor credit are available (British Columbia, Alberta, Manitoba, Ontario, New Brunswick, Nova Scotia, Prince Edward Island).
You have a net income of at least $800 per month, which can be from traditional employment, self-employment or other types of government assistance (such as ODSP, unemployment insurance, or child tax benefits).
You have a valid home address, mobile phone number, and email address should the loan provider need to contact you during the application and approval process.
These simple requirements make it possible for almost anyone to acquire a loan with credit issues. Whether you have poor credit, no credit, or are new to Canada, you can still be eligible for funding.
Lenders Offering Bad Credit Loans in Toronto
Lenders offering bad credit loans in Toronto should be accessible all times. That's why choosing loans online is often the best option, as you can apply from anywhere and at any time. Plus, the 24/7 customer service available through online providers allows for quick and efficient communication.
Some payday loans lenders also offer a variety of funding options, such as payday loans for imperfect credit, installment loans for poor credit, and personal loans for people with low credit scores. This gives you the flexibility to choose the best funding type for your financial situation. No two borrowers are the same, so it's important to have options when it comes to borrowing money with credit difficulties.
For Toronto residents, iCash stands out as a trusted source for small loans with bad credit. The easy-to-use online application process makes it simple for anyone to apply and receive instant cash. Plus, with a repayment period of up to 62 days, you can pay off the amount without added stress on your finances.
When you choose iCash for bad credit loans in Toronto, you can be confident that you are working with a trustworthy and reliable company. We understand how challenging it can be to secure financial assistance with impaired credit, which is why we offer flexible, affordable and instant funding options for our customers.
Additional benefits you can expect when choosing us for bad credit loans Toronto include:
Fully licensed lender in Canada.
All credit types accepted.
Instant approval and same day funding.
93% approval rate, no need for loan Toronto no credit check.
No hidden fees or charges.
Secure, paperless transactions.
Quick e-Transfer loans from $100 - $1,500.
Ability to reestablish your credit and work towards improving your credit score.
It's easy to get bad credit loans Toronto with iCash on your side. Whether you need to cover an emergency expense or simply need a quick infusion of cash for essential costs, our online loans stand out as a reliable alternative.
The ease of access, quick approval and repayment flexibility makes this type of funding a popular choice for people looking to secure financial assistance without the added stress of worrying about their credit score.
Of course, borrowing money with negative credit should only be a temporary solution. We always encourage our customers to work towards bettering their financial situation and credit score, and we are here to support them every step of the way.
If you're looking for the best type of loan designed for individuals with credit issues, we invite you to explore the funding options iCash provides. Our user-friendly platform and secure borrowing process make it easy for you to get the financial support you need, without any complications. Don't let unstable credit hold you back! Register for an iCash membership and get bad credit loans Toronto in just 2 minutes.
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.
Get a Loan with Bad Credit in Toronto!
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.
Have more questions? Check out our full FAQ.