Loan Away logoLoan Away Review 2026

QUALITY LENDER ENDURING EXCELLENCE TOP PERFORMER CUSTOMER FAVOURITE FAST FUNDING What these mean ›
★★★★★ 4.5 · 13 borrower reviews
Loan Away is a Canadian lender offering instalment loans from $1,000 to $5,000. Funding in as little as 24 hours.

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Rates checked August 24, 2026
In business
Since 2015
Customers served
50,000+
Provinces
6 of 13

Our verdict

Written and analysed by Smarter Loans Editorial Team · Reviewed by Vlad Sherbatov

Best for
Borrowers with poor credit and modest income who need $5,000 or less
Not for
Borrowers who need more than $5,000
What we like
  • + $1,000 monthly income requirement is among the lowest in the pool
  • + Accepts poor credit and self-employed income
  • + 19.9% APR floor is competitive for the credit band it serves
Where it could improve
  • − $5,000 ceiling is the lowest of the mainstream instalment lenders here
  • − Serves 6 provinces only

Products offered

Each product is priced separately. Compare them below.

Personal Loan
Unsecured · ON, BC, AB + 3 more
Apply Now
Amount
$1,000 - $5,000
Rate (APR)
19.9 - 34.5% APR
Terms
12 - 36 months
Funding
24 hours
Min income
$1,000/mo

See if you qualify

Four questions checked against Loan Away's published criteria, per product. No application started.

Answer the questions to check Loan Away's published criteria
Educational check against published criteria. Not an approval or offer.

Contact Loan Away

Get in touch

Support and hours

  • Mon-Fri 9AM-9PM; SAT 12-6PM; SUN CLOSED
  • ChannelsHelp Center/Blog, Email Support, Social Media

Awards earned by Loan Away

Issued by our editorial team from platform data and verified reviews. Lenders cannot buy them.

QUALITY LENDER badge Quality Lender

Vetted lenders that are listed on Smarter Loans

ENDURING EXCELLENCE badge Enduring Excellence

Listed on Smarter Loans for 7 or more years

TOP PERFORMER badge Top Performer

High application to funding conversion ratio

CUSTOMER FAVOURITE badge Customer Favourite

High click-through and engagement rates from Smarter Loans visitors

FAST FUNDING badge Fast Funding

API integration or deep tech stack with Smarter Loans

Badges are issued by our editorial team from platform data and verified reviews. They are never sold, and featured placement has no bearing on them. Read the badge criteria ›

Borrower reviews

13 reviews from borrowers who used Loan Away. Reviews are moderated; lenders cannot remove them.

★★★★★ Second loan

Second loan from loan Away and second time very happy. Thanks

Nora Horner
★★★★★ Quick online service

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.

Ammy Neal
★★★★★ I got my money at the end

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

Ethan Davis
★★★★★ So far so good

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 ...

Lindsey Paquin Morrison
★★★★★ thank you for approving my application, Diem

thank you for approving my application, Diem

Diem Marcos
★★★★★ Fast Help When Others Said No

Loan Away gave me the loan I needed when others wouldn’t. Fast and professional.

Rachel S.
★★★★☆ Quick Application and Fair Rates

Good service and decent rates for a personal loan. Application was quick.

Eli J.
★★★★★ Fast, Easy, and Reliable

Simple online application and funds came through in 24 hours. Very happy.

Grace T.
★★★☆☆ Easy Process, But Terms Could Be More Flexible

Process was straightforward but I found the repayment terms a little rigid.

Nathan C.
★★★★☆ Clear Process & Great Support

They explained all the steps clearly and the customer support was great.

Carmen B.

Showing 10 of 13 reviews.

Common questions about Loan Away

What is Loan Away?

Loan Away is a Canadian owned and operated lender that uses unique proprietary technology to approve loan applications.

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).

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 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 is the term length of a Loan Away loan?

You have between 12 and 36 months to repay your loan from Loan Away.

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.

Loan Away · $1,000 - $5,000 · funding in 24 hours Apply Now