Personal and Commercial Subprime Loans in Toronto, Ontario

A growing issue within Toronto, the largest city in Canada, is the number of folks needing loans to get by but unable to acquire them due to their low credit score. A particular loan that has been popularized lately due to this concern is subprime loans. Essentially, it operates as a general loan where the rates are higher than the prime rate offered by that provider. Although this is generally seen as a negative, this allows approvals to be relatively quick as the risk is quite low for the provider. At Smarter Loans, we work with plenty of Toronto subprime loan providers that can help you if interested in these loans. You can trust knowing that the rates our providers work with are friendly and the customer service you receive is stellar.

Our team at Smarter Loans is eager to share our efficient application process with our applicants.

We understand that time is scarce and applying for such a loan takes a lot of effort, especially if you don’t know where to start. This is why we implemented the processes here to solve that. Smarter Loans’ directory is here to guide you through the clutter and straight to the answers that you’ll need to decide on a provider. Simply scroll down to review it so you can access our centralized database with rates, terms and offers from all of the most proven providers that are based out of Toronto.

Once you have chosen a provider that suits your bill, click “Apply Now” in order to apply directly to them. There won’t be much more involved other than a brief qualifying survey, assuming you meet the requirements for the loan. If time is of the essence and can’t research into which providers fit you best, you can alternatively pre-apply with Smarter Loans and we’ll handle all the work for you.

Company
Amount
Interest Rate
Reviews
Terms
$500 - $35,000
5.9% - 39.9%
12 - 60 Months
$500 - $35,000
19.99% - 46.96%
9 - 120 Months
$500 - $20,000
19.99% - 46.8%
6 - 60 Months
$500 - $30,000
19.99% - 39.99%
6 - 120 Months
Up to $35,000
Starting at 5.15%
Varies
$1,500 - $12,500
19.99% - 34.99%
12 - 60 Months
$100 - $15,000
46.93%
12 - 60 Months
$500 - $10,000
12.99% - 39.99%
9 - 36 Months
$500 - $10,000
19.99% - 46.99%
12 - 36 Months
$2,000 - $10,000
34.9% - 43%
12 - 60 Months
$100 – $15,000
46.93%
Open Line of Credit
$500 - $10,000
46.93%
Open Line of Credit
$2,000 - $10,000
18.9% to 54.9%
12 - 60 Months
$1,000 - $35,000
5.6% - 25.5%
36 - 60 Months
Company
Amount
Interest Rate
Reviews
Terms
$5,000 - $100,000
Starting at 29%
4 - 6 months
$5,000 - $100,000
Starting at 6.87%
3 - 18 Months
$5,000 - $250,000
Starting at 9%
3 - 18 months
$10,000 - $300,000
Starting at 6.99%
4 - 18 Months
$4,000 - $300,000
5.49% - 22.79%
6 - 60 Months
$1,000 - $1,000,000
6% - 25%
3 - 24 Months
$5,000 - $250,000
Starting at 9.99%
6 - 24 Months
$5,000 - $150,000
8.99% - 18.99%
3 - 24 Months
$5000 - $500,000
12.99% - 39.99%
6 - 18 Months
$5,000 - $100,000
Starting at 15%
12 - 18 Months
$5,000 – $500,000
Starting at 5.9%
3 – 60 Months
Company
Amount
Interest Rate
Reviews
Terms
$100 - $15,000
46.93%
12 - 60 Months
$100 - $1,500
Varies
Up to 2 months
$100 - $1,500
Varies by Province
Up to 62 days
Company
Amount
Interest Rate
Reviews
Terms
$3,500 - $49,500
8.99% - 29.5%
12 - 84 Months
$5,000 and up
9.9% – 31%
24 – 84 months
$5,000 - $40,000
Starting at 2.9%
12 - 72 Months
Company
Amount
Interest Rate
Reviews
Terms
$50,000 and Up
Varies
Varies
$10,000 and up
Varies
12 Months
Varies
Starting at 2.90%
Varies
$50,000 - Unlimited
Varies
Varies
$50,000 - Unlimited
Varies
Varies
$50,000 - Unlimited
Varies
Varies
$10,000 - $25,000
Varies
12 - 60 months
Company
Amount
Interest Rate
Reviews
Terms
$1,000 - $1,000,000
6% - 25%
3 - 24 Months
$50,000 - Unlimited
Varies
Varies
$5,000 And Up
4.9% - 24.99%
18 - 84 Months
Company
Amount
Interest Rate
Reviews
Terms
$1,000 - $1,000,000
6% - 25%
3 - 24 Months
$50,000 - Unlimited
Varies
Varies
$5,000 And Up
4.9% - 24.99%
18 - 84 Months
Company
Amount
Interest Rate
Reviews
Terms
$1,000 - $1,000,000
6% - 25%
3 - 24 Months
$50,000 - Unlimited
Varies
Varies
$5,000 And Up
4.9% - 24.99%
18 - 84 Months
Company
Amount
Interest Rate
Reviews
Terms
$1,000 - $1,000,000
6% - 25%
3 - 24 Months
$50,000 - Unlimited
Varies
Varies
$5,000 And Up
4.9% - 24.99%
18 - 84 Months
Company
Amount
Interest Rate
Reviews
Terms
$5,000 And Up
4.9% - 24.99%
18 - 84 Months
Company
Amount
Interest Rate
Reviews
Terms
$10,000 and up
Varies
12 Months
$500 - $35,000
19.99% - 46.96%
9 - 120 Months
$500 - $30,000
19.99% - 39.99%
6 - 120 Months
Up to $35,000
Starting at 5.15%
Varies
$50,000 - Unlimited
Varies
Varies
$350 - $25,000
Varies
12 - 60 months
$50,000 - Unlimited
Varies
Varies
Company
Amount
Interest Rate
Reviews
Terms
$500 - $35,000
5.9% - 39.9%
12 - 60 Months
$500 - $20,000
19.99% - 46.8%
6 - 60 Months
$500 - $30,000
19.99% - 39.99%
6 - 120 Months
$1,500 - $12,500
19.99% - 34.99%
12 - 60 Months
$500 - $10,000
12.99% - 39.99%
9 - 36 Months
$500 - $10,000
19.99% - 46.99%
12 - 36 Months
$2,000 - $10,000
34.9% - 43%
12 - 60 Months
$2,000 - $10,000
18.9% to 54.9%
12 - 60 Months
$1,000 - $35,000
5.6% - 25.5%
36 - 60 Months
Company
Amount
Interest Rate
Reviews
Terms
No Lender found for Recreational Vehicles

Toronto By the Numbers

  • Toronto’s leading employment industries are accommodation and food services, manufacturing, educational services.
  • Toronto, incorporated in 1834, is positioned in Southeastern Ontario. The population of Toronto is 2,732,000.
  • On the average each inhabitant of Toronto owes $36,600 in consumer debt.
  • Average HI is $82,900.
  • As per the most up-to-date available information, Toronto has 587,000 registered homeowners .
This data was researched in 2019 and uses various information resources, including Canada’s National Statistics Agency, etc., where the information can be as of an older date. The facts above may change as new information becomes available. We do our best to keep the information up to date.

Our online portal connects you with competent Subprime Loan providers in Toronto for your specific financial goals.

Check our list of Subprime Loan companies to discover the most competitive Subprime Loan rates in Toronto

For Subprime Loans most frequent uses are:

  • buying a house with lower credit scores
  • buying a car with lower credit scores
  • obtaining a lower-interest loan to pay off credit card debt
  • building a business venture
  • gaining equity once the loan is paid off

Different Types of Loans in toronto

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