Published instalment loan terms, side by side. Rates reviewed August 2026.
Best for: Ontario and Quebec borrowers who want a small short-term loan at a rate well below the cap
Apply Now Full profileBest for: Ontario borrowers with fair credit who need $1,500 or more and have been declined elsewhere
Apply Now Full profile| Alterfina | Magical Credit | |
|---|---|---|
| Amount range | $500 – $2,500 | $1,500 – $20,000 |
| Rate | 18.99% APR | 34.86% APR |
| Term | 3 – 6 months | 12 – 60 months |
| Funding speed | 1 day | 2 days |
| Minimum income | $1,500/month minimum | $2,000/month minimum |
| Income types | 3 income types accepted | 6 income types accepted |
| Minimum credit band | any | fair |
| Provinces | 2 provinces | 1 provinces |
