Emergency Loans

Canada is a North American country that is home to over 36.71 million citizens. It’s no doubt that many of them depend on financing to continue their lifestyles. When emergencies arise, a large percentage of them turn to financing in order to handle it immediately. The immediate funding helps folks handle things like auto repairs, home repairs or even medical expenses right away. To find reliable emergency loan providers, look towards Smarter Loans.

We work with some of the most dependable loan providers in the country. Rates are easy to work with and within a few days, you can see the funds deposited in your bank account. With the advancements of the internet, completing a simple online application will allow you get the financing that you desire. It’s common for folks to fear their credit score when applying to any type of financing. Even if your credit score isn’t robust, you’ll still be able to get approved if you apply to a compatible loan provider. Smarter Loans has designed a new way for you to easily sort through the abundance of options and select a loan provider that’s most compatible for your unique scenario. This method can be accessed by scrolling down to the most trustworthy emergency loan providers in all of Canada. Compare your numerous options and apply to a qualified emergency loan from Canada by clicking “Apply Now” next to their name.

We’ve displayed all of the relevant information that you might need to get accepted and processed. However, if you still aren’t convinced with any of the providers in the list, you can alternatively pre-apply with Smarter Loans. We’ll take care of picking the most suitable emergency loan provider for you.

We can help connect you with the top emergency loan providers in Canada.

Pre-Apply For An Emergency Personal Loan Now

Top Emergency Loans Providers in Canada

Interest Rate
$500 - $10,000
Open Line of Credit
$500 - $15,000
18.99% - 46.96%
9 - 48 Months
$500 - $15,000
29.99% - 47.72%
12 - 60 Months
$500 - $10,000
12.99% - 39.99%
9 - 36 Months
$1,000 - $5,000
19.9% - 45.9%
12 - 36 months
$500 - $1,000
3 - 6 months
$1,500 - $12,500
19.99% - 34.99%
12 - 60 Months
$5,000 - $50,000
Starting at 6.99% (Good Credit Only)
1 to 7 Years
$1,500 - $20,000
19.99% - 46.8%
12 - 60 Months
$5,000 - $35,000
Starting at 9.9% (Good Credit Only)
6-60 months
$500 - $15,000
18.9% - 46.93%
6 months - 5 years

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What are Emergency Loans?

Emergency loans are short term personal loans meant exclusively for emergencies. They can be found online from many lenders who are able to process applications very quickly.


These loans are even shorter than other kinds of short-term loans. Repayment terms usually only last one or two months.

emergency loans - smarter loans

What are the different Types of Emergency Loans?

There are several loan options available.

Payday Loans

Payday loans are expensive and fast loans. A payday loan is, as the name suggests, meant to be a quick loan to get you through to the next payday. APRs on payday loans are very high, and full repayment is usually due from 2 to 4 weeks.


Fast Online Loans

You can get a fast loan online if you have a day to wait. Many online personal loans are processed in hours. The lenders that offer them can often have the funds in your bank account by the next business day. The rates they will offer are also far better than the rates you can get with payday loans.


Credit Card Advances

Credit cards can be used for cash advances. To use a credit card cash advance, you simply transfer money from your credit card into your chequing account. This option is almost instantaneous, but it can be quite expensive.

Pawn Shop Loans

Pawn shop loans are fast personal loans. You can provide a valuable item as collateral in order to secure a fast loan.


Why You Might Need an Emergency Loan?

Any emergency can justify taking a loan. If you don’t have enough money to cover emergency expenses, you will likely want to resort to asking close friends and family for help first. If that fails, there is no faster way to get the money you need than through an emergency loan.

Insurance can cover many types of emergencies, but sometimes insurance is either too slow or inadequate. This is when fast loans become the most efficient way to cover your emergency expenses.


Can you get an Emergency Loans with Bad Credit?

Yes, you can get an emergency loan if you have bad credit. Bad credit isn’t a huge barrier to getting a loan. However, you may be charged worse rates if your credit score is too low.

You will need to go to a lender that accepts bad credit applications. These lenders can be found easily online. You just need to search specifically for fast bad credit lenders.


How to Get Instant Approval Emergency Loans?

The fastest and most guaranteed lenders are instant approval lenders. In most cases, these are payday lenders.

Installment lenders can be fast, but they can’t approve and provide a loan as fast as payday lenders. While the terms you will receive with a payday loan are not ideal, they are the fastest option you have access to. In an emergency, they will do the job of covering near-immediate expenses. You can apply online if you need instant approval for an emergency loan.

Instant approval emergency loans typically have an application that takes about:

  1. 15 minutes to apply for
  2. A few minutes to be assessed
  3. A few hours for the funds to be transferred

To get the fastest access to funds, have your banking information on hand when you apply.



What type of an emergency loan is best if I need money fast?

If speed is your only concern, online instant approval payday lenders will be your first choice. They will have higher rates, but they offer unmatched speed, with funds available the same day.


What are the alternatives for emergency situations when you need money fast?

You should always start with those you trust the most. Friends and family might be willing to help you pay for emergency expenses, and they won’t charge you interest the way lenders do.


Are there no-credit check emergency loans?

Yes, there are. Many online payday lenders do not need to check your credit. Some pawn shop lenders also don’t need to check your credit.

Alternatively, there are a few fast online personal lenders that don’t check your credit score. However, they will want to check your income and may not be as fast as payday lenders.


How fast can I get a loan in an emergency?

The fastest payday lenders can get you a loan in a couple hours. In most cases, you will have to wait at least a few hours.

For additional information about personal loans, please visit the government of Canada website.

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