Time in business:
Customers:
Loans offered:
Friendly Lender is a popular online lending solution for Canadians that need fast cash solutions. Their online cash advance service will facilitate your attainment of a short-term loan. The entire process of obtaining a loan is completed online from the comfort and privacy of your own home.
Products Offered
AMOUNT
$500 - $1,000
INTEREST RATE
29.99% - 46.96%
TERMS
84 - 120 days
Cash Loan
Conditions and Rates
Interest rate
- 29.99% – 46.96%
Amount
- $500 to $1,000
Term
- 84 to 120 days
Eligibility and Documents
Who is eligible?
- 18 years old and over
- Have a chequing account
- Earn at least $1000 /month
- Be a Canadian Citizen or Permanent Resident
- Employed (3 months minimum)
- Be paid via direct deposit
What do you need to provide?
- Paperless option through instant bank verification (IBV)
- In rare instances, other documents may be requested to verify identity
Repayment and Issuance
How fast can you get the money?
- 24 hours
Funding method
- Interac e-transfer or Direct Deposit
How does repayment work?
- Pre-authorized debits from your bank account
Contact information
support@friendlylender.ca- 104 - 3300 Highway 7, Suite # 174, Concord, Ontario, L4K 0G2
Availability:
All of Canada, except ManitobaSupport Offered:
- Email Support
- Blog
- FAQs
- Client Login
Call Center:
Monday - Sunday: 7:00am to 7:00pm ESTFrequently Asked Questions About Friendly Lender
What is Friendly Lender?
What is the interest rate on a Friendly Lender loan?
There are no fees charged to make an application with Friendly Lender. The interest rate of a Friendly Lender loan ranges and is dependent on the online lender that may approve you, the amount being loaned, the province in which you're a resident, etc. You can expect to pay anywhere from 29.99% – 46.96% interest on a Friendly Lender loan.
How much can I borrow from Friendly Lender?
Short-term loans generally range in the area of $100 – $1500. Dependent on your application, Friendly Lender decides the amount you are qualified to receive, normally within the range of $500 - $1000. This amount is subject to increase as you successfully repay your online loans in the allotted time period.
What are the eligibility requirements for a Friendly Lender loan?
As long as you are 18 years of age or above and legally reside in Canada, you will be able to qualify for Friendly Lender's online loan services. Other requirements put forth by a majority of lenders are that you have an active bank account and take in at least $800 in monthly pay. You will also need a valid email address and working phone number.
Can I qualify for a loan from Friendly Lender if I have bad credit?
Short-term online loans are obtainable without a credit check. The negative status of your credit score will not affect your qualification for a short-term loan. Credit checks do not factor in your ability to receive these types of loans in the majority of cases.
What types of loans does Friendly Lender offer?
Friendly Lender offers Personal Loans including: Online Cash Loans, Installment Loans, and Bad Credit Loans.
Does Friendly Lender offer short-term loans without a credit check?
FriendlyLender.ca does not perform any credit checks as part of the process of connecting you to a lender. Once connected to a lender they may, at their choosing, perform credit verification, though bad credit is often not a disqualifying factor in the loan approval process.
When will I get my loan funds from Friendly Lender?
If approved, the majority of short-term online loans acquired through Friendly Lender are delivered to you electronically within a period of 24 hours, not including weekends or holidays.
How do I repay my loan from Friendly Lender?
The amount of the loan and any fees that apply will be automatically deducted from your bank account when your loan repayment becomes due.
Friendly Lender Reviews
Avg. Rating: 4.7 (6 reviews)
Quick
May 12, 2022
“I got my funds within a few hours. Quick and easy. ”
Pleasant experience
May 12, 2022
“I had a good experience with friendly lender. Got funds within 24 hours and the person I dealt with was very friendly.
Thanks.
Sam”
Flexible and Budget-Friendly
May 20, 2025
“They worked with my budget to create a repayment plan.”
Clear Communication and Quick Responses
May 20, 2025
“Very responsive and they explained everything upfront.”
Fast Loan, Fair Terms
May 20, 2025
“Got my loan fast and the terms were fair. Thank you!”
Truly a Friendly Lender!
May 20, 2025
“Friendly Lender lives up to the name. Super helpful staff and easy process.”
