Published instalment loan terms, side by side. Rates reviewed August 2026.
Best for: Ontario borrowers with fair credit who need $1,500 or more and have been declined elsewhere
Apply Now Full profileBest for: Borrowers with fair or poor credit who want a long repayment runway and a path to better credit
Apply Now Full profile| Magical Credit | Spring Financial | |
|---|---|---|
| Amount range | $1,500 – $20,000 | $500 – $35,000 |
| Rate | 34.86% APR | From 9.99% APR |
| Term | 12 – 60 months | 6 – 84 months |
| Funding speed | 2 days | 2 days |
| Minimum income | $2,000/month minimum | $2,000/month minimum |
| Income types | 6 income types accepted | 3 income types accepted |
| Minimum credit band | fair | poor |
| Provinces | 1 provinces | All provinces and territories |
