Published instalment loan terms, side by side. Rates reviewed August 2026.
Best for: Small, short borrowing with the least paperwork: instant bank verification carries nearly every file
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| Friendly Lender | Magical Credit | |
|---|---|---|
| Amount range | $500 – $1,000 | $1,500 – $20,000 |
| Rate | 29.99 - 35% APR | 34.86% APR |
| Term | 3 – 4 months | 12 – 60 months |
| Funding speed | 1 day | 2 days |
| Minimum income | $1,000/month minimum | $2,000/month minimum |
| Income types | 3 income types accepted | 6 income types accepted |
| Minimum credit band | poor | fair |
| Provinces | All provinces and territories | 1 provinces |
