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Personal Loans Toronto

One application. 16 lenders from our 50+ network. Funded in 24 to 48 hours.

Most lenders ask for $1,500 monthly income. Rates reviewed August 5, 2026.

Apply Now Soft check only. One application routed to where you qualify.

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Every Apply button starts the same single application. Your chosen lender is prioritized first.

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Four questions about you. No credit check, and it filters this list instantly.
Amount: AnyCredit: Any Province: Any Sort: Recommended
MDG Financial
★★★★★ 4.4 (11)
Amount
$3,200 - $20,000
Rate (APR)
19.8 - 34.99% APR
Terms
36 months
Funding
48 hours
Apply Now View profile
Best for Borrowers with fair credit who want a fixed three-year payoff on a mid-size balance · Line of credit
Spring Financial
★★★★★ 4.4 (14)
Amount
$500 - $35,000
Rate
From 9.99% APR
Terms
6 - 84 months
Funding
48 hours
Apply Now View profile
Best for Borrowers with fair or poor credit who want a long repayment runway and a path to better credit · Instalment loan
Loan Away
★★★★★ 4.5 (13)
Amount
$1,000 - $5,000
Rate (APR)
19.9 - 34.5% APR
Terms
12 - 36 months
Funding
48 hours
Apply Now View profile
Best for Borrowers with poor credit and modest income who need $5,000 or less · Instalment loan
Alterfina
★★★★★ 4.5 (11)
Amount
$500 - $2,500
Rate (APR)
18.99% APR
Terms
3 - 6 months
Funding
48 hours
Apply Now View profile
Best for Ontario and Quebec borrowers who want a small short-term loan at a rate well below the cap · Instalment loan
Eastern Loans
★★★★★ 4.7 (12)
Amount
$500 - $750
Rate (APR)
23% APR
Terms
3 - 6 months
Funding
48 hours
Apply Now View profile
Best for Borrowers who need a few hundred dollars quickly and want a rate well under the cap · Instalment loan
Nyble
★★★★★ 5.0 (2)
Amount
$30 - $250
Rate (APR)
0% APR
Terms
Revolving
Funding
48 hours
Apply Now View profile
Best for People who need a very small advance and want to avoid interest entirely · Line of credit
Bree Loans
★★★★★ 4.5 (13)
Amount
$15 - $750
Rate (APR)
0% APR
Terms
0 - 3 months
Funding
48 hours
Apply Now View profile
Best for People who need to bridge a small gap before payday without paying interest · Line of credit
easyfinancial
★★★★★ 4.6 (20)
Amount
$500 - $20,000
Rate (APR)
9.99 - 34.99% APR
Terms
9 - 84 months
Funding
48 hours
Apply Now View profile
Best for Borrowers who want branch support and the option to scale from a small unsecured loan to a large secured one · Instalment loan · Also offers: secured loan
Magical Cash
★★★★★ 5.0 (4)
Amount
$100 - $1,500
Rate
$14 per $100 borrowed
Funding
48 hours
Apply Now View profile
Best for Borrowers who need a payday advance in a province where their options are limited · Payday loan
Money Mart
★★★★★ 4.3 (18)
Amount
$500 - $25,000
Rate (APR)
34.56 - 34.95% APR
Terms
6 - 84 months
Funding
48 hours
Apply Now View profile
Best for Borrowers who want one provider for both a short-term advance and a larger instalment loan · Instalment loan · Also offers: instalment loan
Mogo
★★★★★ 4.4 (28)
Amount
$500 - $15,000
Rate (APR)
34.37% APR
Terms
12 - 60 months
Funding
48 hours
Apply Now View profile
Best for Borrowers who want a single app covering both an instalment loan and a small revolving line · Instalment loan · Also offers: line of credit
Magical Credit
★★★★★ 4.8 (26)
Amount
$1,500 - $20,000
Rate (APR)
34.86% APR
Terms
12 - 60 months
Funding
48 hours
Apply Now View profile
Best for Ontario borrowers with fair credit who need $1,500 or more and have been declined elsewhere · Instalment loan
Cash Money
★★★★★ 4.6 (16)
Amount
$500 - $10,000
Rate (APR)
34.99% APR
Terms
Revolving
Funding
48 hours
Apply Now View profile
Best for Borrowers who want a payday advance and a longer-term line from the same provider · Line of credit · Also offers: payday loan
LendDirect
★★★★★ 5.0 (4)
Amount
$100 - $15,000
Rate (APR)
34.99% APR
Terms
Revolving
Funding
48 hours
Apply Now View profile
Best for Borrowers who want an open revolving line they can draw from as needed · Line of credit
Cash 4 You
★★★★★ 4.3 (14)
Amount
$100 - $20,000
Rate (APR)
34.37% APR
Terms
6 - 84 months
Funding
48 hours
Apply Now View profile
Best for Ontario borrowers with poor credit who want an instalment loan rather than a payday advance · Instalment loan
Fora
★★★★★ 4.9 (8)
Amount
$1,000 - $15,000
Rate (APR)
19.9 - 34.9% APR
Terms
Revolving
Funding
48 hours
Apply Now View profile
Best for Borrowers who want revolving credit they can draw on repeatedly rather than a one-time lump sum · Line of credit
All Ontario lending rules apply here, including the 35% federal rate cap. See the full rules on our Ontario page.
TORONTO BORROWING SNAPSHOT · H1 2026
Toronto personal loan requests average $6,081, just below the Ontario average of $6,107, with 53.1% under $5,000. Top purpose: Pay Off Bills (30.6% of Toronto applications).
Source: Smarter Loans platform data, H1 2026 · Full Ontario data in the Lending Demand Index
WHAT TORONTO BORROWERS REQUEST
Pay Off Bills
30.6%
Other
22.7%
Debt Consolidation
20.8%
Average request for pay off bills: $5,181; for other: $5,997 · Source: Smarter Loans platform data, H1 2026

Personal Loans Toronto

Toronto is Canada’s largest and most diverse city – a hub for opportunity, innovation, and everyday hustle. With a cost of living that continues to rise, many Torontonians rely on personal loans to help manage expenses, fund new projects, or seize life’s next opportunity. Whether you’re renovating your condo, consolidating debt, investing in your business, or covering unexpected costs, personal loans in Toronto provide flexible and affordable financing that can be tailored to your needs.

Through Smarter Loans, Toronto residents can compare trusted Canadian lenders that offer fast approvals, transparent terms, and online applications designed for busy city life. Even if your credit isn’t perfect, many lenders specialize in responsible borrowing solutions that help you rebuild and stay on track financially.

Smarter Loans makes it simple to apply for personal loans in Toronto – by using innovative technology to increase approval chances for Torontonians dealing with the realities of city living across the GTA, from downtown and North York to Scarborough, Etobicoke, and beyond.

Common questions

Can I apply for a personal loan in person in Toronto?

Yes. Several lenders serving Toronto operate branches in the city, including easyfinancial and Money Mart; the rest are online only. Online applications generally fund faster, often the same day by e-Transfer, but a branch can help if you would rather hand documents to a person.

Do Toronto borrowers get different rates than the rest of Ontario?

No. Rates are set by lender and credit profile, not by city, and the same 35% federal cap applies province-wide. What differs is the borrowing pattern: Toronto requests average slightly below the Ontario average, and the city accounts for the largest share of provincial applications.

One application. 16 lenders. Apply Now