One application. 16 lenders.
Apply Now One application routed to where you qualify.
Every Apply button starts the same single application. Your chosen lender is prioritized first.
About $6,000 on average, which is what Ontario as a whole asks for. Toronto sends us one in five of the province's personal loan requests. That was 1,245 applications in the first half of 2026. The reason sets the size. Debt consolidation requests average about $7,700, and bill payments about $4,900. Bills are the most common reason, at three in ten requests.
| Purpose | Average requested | Share of Toronto applications |
|---|---|---|
| All purposes | $5,983 | 100% |
| Debt consolidation | $7,711 | 19.9% |
| Other | $5,555 | 20.5% |
| Pay off bills | $4,871 | 30.2% |
Smarter Loans platform, 1,245 personal loan applications from Toronto, 1 January to 30 June 2026. Purposes with fewer than 100 applications are not shown.
No. Nearly half of Toronto applicants have a fair score, between 560 and 659. About one in five is under 560, and a quarter have no score at all. About 8% have a score of 660 or more.
Eleven of the sixteen lenders consider a score under 560, and four of those set no minimum. So a fair score, or a poor one, still leaves you with most of the city's lenders.
Nearly seven in ten Toronto applicants work full-time. One in eight lives on other income, and about 8% rely on benefits.
Sixteen in our network, all online. They lend $15 to $35,000. Rates run from 0% on the smallest advances up to the 35% federal cap. Ten pay out within 24 hours, and three within the hour.
Income minimums run from $1,000 to $2,500 a month. Two of the sixteen accept disability or pension income. Our application reaches all sixteen and goes to the lender most likely to approve the amount and purpose you enter. Lenders for the rest of the province are on the personal loans in Ontario page.
Then you are looking at a payday loan, which Ontario regulates separately. The cost is capped at $14 for every $100 you borrow, and you have two business days to cancel without penalty. The lenders above price in annual rates over a longer term, so compare the total cost in dollars before you choose.
Every personal lender we work with is on the personal loans in Canada page. Brampton borrowers have their own page: personal loans in Brampton.
Reviewed by Vlad Sherbatov, Co-Founder and President, Smarter Loans, 8 October 2026. Lender terms checked August 2026. Platform figures cover applications from 1 January to 30 June 2026.
Torontonians asked for about $6,000 on average in the first half of 2026, the same as Ontario overall. Debt consolidation requests averaged about $7,700.
Sixteen lenders in our network serve Toronto online, lending $15 to $35,000. Ten of them pay out within 24 hours, and three within the hour.
Yes. Eleven of the sixteen lenders consider a score under 560, and four set no minimum. About one in five Toronto applicants in the first half of 2026 was under 560.
Lenders ask for $1,000 to $2,500 a month, depending on the lender. Nearly seven in ten Toronto applicants in the first half of 2026 worked full-time.
It usually is. Ontario caps a payday loan at $14 for every $100 borrowed and gives you two business days to cancel. The lenders above price in annual rates instead.
