One application. 11 lenders from our 50+ network. Funded in 24 to 48 hours.
Apply Now One application routed to where you qualify.
Every Apply button starts the same single application. Your chosen lender is prioritized first.
There is no shared definition. Every lender publishes its own minimum credit band, and they disagree with each other. A file declined at one is routine at another.
Where a band is not published, the assessment generally rests on income and banking history.
That is the practical reason a decline is not a verdict. It usually means one lender's threshold, not the market's.
Income type is the first gate. 14 lenders accept any income type, including benefit income. The rest require employment or self-employment. If you are on CPP, ODSP, or another benefit, that field decides most of your options before your score is read.
Income floor is absolute. 16 lenders publish a minimum monthly income, most commonly $1,200 per month. Below it, credit flexibility does not help. No lender in our network waives this.
Banking history can replace credit history. Several lenders connect read-only to your account and look at deposit regularity, overdraft frequency, and what you already pay out monthly. This approves files a bureau score would decline. It is also why those lenders fund fastest.
Province filters your list before anything else.
Rates sit near the cap. There is no version where a below-560 file gets prime pricing.
| Verified credit band | Everyday average | Instalment average |
|---|---|---|
| Below 560 | $491 | $5,282 |
| 560 to 659 | $504 | $6,147 |
| 660 to 724 | $558 | $8,262 |
| 725 and above | Small sample | $10,906 |
Below-560 applicants ask for the least, not the most. That runs against the assumption most people bring to this page.
The gap between bands widens sharply at instalment scale. Credit standing prices large loans. It barely prices small ones.
There is a second measure. A below-560 request equals 46% of one month's income. At 725 and above it is 110%. Better credit borrows proportionally more.
Across our platform, the below-560 share of verified applications fell from 42.0% to 37.4% year over year.
If you are at the bottom of the range, that is the useful fact on this page. It is not where most people stay.
Yes. 11 of 16 lenders approve in the below-560 band, and several assess banking history rather than score. Expect a rate near the 35% cap and a smaller approved amount than a fair-credit applicant.
A full application is a hard inquiry and causes a small temporary dip. Applying to several lenders separately multiplies it. One routed application does not.
Some assess banking history instead of pulling a score. That is not no assessment. Any offer promising guaranteed approval with no checks at all is not legitimate.
Less than a fair-credit applicant, and your income matters more than your score. Below-560 applicants request an average of $491 for everyday borrowing and $5,282 for instalment loans.
Yes, if every payment is on time. Payment history is the largest component of a Canadian score, and an instalment loan adds a credit type to a card-heavy file.
