Time in business:
Customers:
Loan Away is a Canadian owned and operated lender that uses unique proprietary technology to approve loan applications.
Products Offered
AMOUNT
$1,000 - $5,000
INTEREST RATE
19.9% - 34.5%
TERMS
12 - 36 months
Instalment Loan
Conditions & Rates
Interest Rate
19.9% – 34.5%
Amount
$1,000 – $5,000
Term
12 – 36 months
Eligibility & Documents
Who is eligible
- Canadian resident over 18
- Minimum income of $1,000 per month
What you need to provide
- Government ID
- Proof of Income
- Void Cheque / PAD Form
- Bank Statement
Repayment & Insurance
How fast can you get the money
Under 48 hours
Funding method
Direct deposit
How does repayment work
Weekly, Bi-Weekly or Monthly pre-authorized payment from customer’s account
Contact information
support@loanaway.com- 5060 Spectrum Way, Unit 301 Mississauga, Ontario L4W 5N5
Availability:
Alberta, British Columbia, New Brunswick, Newfoundland, Ontario, Nova ScotiaSupport Offered:
- Help Center/Blog
- Email Support
- Social Media
Call Center:
Mon-Fri 9AM-9PM; SAT 12-6PM; SUN CLOSEDFrequently Asked Questions About Loan Away
What is Loan Away?
How much can I borrow from Loan Away?
You can borrow a minimum of $1,000, to a maximum of $5,000 from Loan Away.
What is the term length of a Loan Away loan?
You have between 12 and 36 months to repay your loan from Loan Away.
How many people does Loan Away approve for a loan?
According to Loan Away's website, they approve 80% of their applications.
How quickly can I get my loan funds?
If approved, Loan Away will deposit the money directly into your bank account, usually within 1 hour or less.
What kind of loans does Loan Away offer?
Loan away offers various loans including instalment loans, debt consolidation loans, home equity loans and secured loans (asset-based).
What is the interest rate on a Loan Away loan?
You can get a loan from Loan Away with an interest rate between 19.9% and 34.5%.
What are Loan Away's eligibility requirements?
In order to get a loan from Loan Away, you must be a Canadian resident over 18, make a minimum income of $1,000 per month, provide government identification, proof of Income, a void cheque, and a bank statement.
Why should I chose Loan Away?
One reason why people chose Loan Away is because of their low, affordable payments. Unlike short term payday loans, they can amortize your loan for up to 36 months, lowering your monthly interest expense and allowing you to budget.
Loan Away Reviews
Avg. Rating: 4.6 (11 reviews)
Second loan
April 10, 2018
“Second loan from loan Away and second time very happy. Thanks ”
Quick online service
April 10, 2018
“I leave far from money lending stores. Loan Away allowed me to apply online and I got my money. Overall process and support is good. Big thanks to Rose for explaining me everything in details over the phone. ”
I got my money at the end
September 26, 2018
“Their website says that they make decisions in 20 minutes. It took them 4 hours to approve me. However, I got my money at the end. Looks fine”
So far so good
February 17, 2021
“I got approved and money was transferred into my bank last night. I'm just waiting now for my bank to put the funds into my bank account .. Loan Away says 24-48 hours I'm hoping its on the lower end ... ”
thank you for approving my application, Diem
March 11, 2025
“thank you for approving my application, Diem”
Quick Application and Fair Rates
April 3, 2025
“Good service and decent rates for a personal loan. Application was quick.”
Fast Help When Others Said No
April 3, 2025
“Loan Away gave me the loan I needed when others wouldn’t. Fast and professional.”
Approved When Others Said No
June 3, 2025
“Was approved even with less-than-perfect credit. Lifesaver when I needed cash.”
Clear Process & Great Support
June 3, 2025
“They explained all the steps clearly and the customer support was great.”
Easy Process, But Terms Could Be More Flexible
June 3, 2025
“Process was straightforward but I found the repayment terms a little rigid.”
Fast, Easy, and Reliable
June 3, 2025
“Simple online application and funds came through in 24 hours. Very happy.”
