One application. 17 lenders from our 50+ network. Funded in 24 to 48 hours.
Apply Now One application routed to where you qualify.
Every Apply button starts the same single application. Your chosen lender is prioritized first.
The 35% federal rate cap applies everywhere in Canada, but provinces differ on licensing and lender obligations.
| Province | Rate cap | High-cost credit licensing | Regulator |
|---|---|---|---|
| Alberta | 35% APR | HCC licence for products >=32% APR | Service Alberta, Consumer Protection Act Payday Loans Regulation |
| British Columbia | 35% APR | HCC licence for products >=32% APR | Consumer Protection BC, BPCPA Part 6.1 |
| Manitoba | 35% APR | HCC grantor licences exist | Consumer Protection Office, Manitoba |
| New Brunswick | 35% APR | No separate provincial high-cost credit licensing band; federal 35% APR cap governs | Financial and Consumer Services Commission |
| Newfoundland and Labrador | 35% APR | NL HCC regime recent | Digital Government and Service NL |
| Nova Scotia | 35% APR | None | Service Nova Scotia |
| Ontario | 35% APR | None | Consumer Protection Ontario |
| Prince Edward Island | 35% APR | None | Consumer Services PEI |
| Quebec | 35% APR | high-cost regime: rate > BoC rate + 22 pts triggers added obligations incl. ability-to-pay assessment | Office de la protection du consommateur |
| Saskatchewan | 35% APR | None | Financial and Consumer Affairs Authority |
| Northwest Territories | 35% APR | None | NWT Consumer Affairs |
| Nunavut | 35% APR | None | Nunavut Consumer Affairs |
| Yukon | 35% APR | None | Yukon Consumer Services |
Personal borrowing in Canada splits at $1,500, and the two sides behave nothing alike.
| Segment | Share of demand | Average request | Prior year |
|---|---|---|---|
| Everyday, under $1,500 | 66.2% | $495 | $476 |
| Instalment, $1,500 and above | 33.8% | $6,061 | $6,229 |
Two thirds of applications are for everyday amounts. Instalment requests are getting smaller. [CLAIM: PL-02, PL-03, PL-04]
The practical consequence: the product that fits a $400 gap is not a smaller version of the product that fits an $8,000 consolidation. They are different markets with different lenders, different pricing structures and different qualification rules.
Four things, weighted differently by lender.
The rest require employment or self-employment. This single field eliminates more applicants than credit score does.
Income amount. 17 lenders publish a minimum monthly income, most commonly $1,500 per month. Below the floor, nothing else compensates.
12 approve below 560.
Province. Not every lender operates everywhere. Quebec in particular has a materially different lender set.
We are not a lender. One application is assessed against published lender criteria and submitted where approval is most likely. If you choose a lender from the table above, that lender is prioritised first.
The reason this matters: each separate full application is a hard credit inquiry. Applying to six lenders individually costs six inquiries and lowers your score before anyone approves you.
| Purpose | Everyday average | Instalment average |
|---|---|---|
| Pay off bills | $517 | $4,838 |
| Debt consolidation | $633 | $8,346 |
| Medical expenses | $459 | $4,700 |
| Home improvement | $544 | $7,909 |
| Education | $534 | $6,624 |
Paying off bills leads both segments. Consolidation carries the largest instalment requests.
By credit: bad credit loans · subprime loans · credit building loans By income type: disability loans · child tax benefit loans · freelancer loans · student loans By product: instalment loans · lines of credit · payday loans · unsecured loans By purpose: debt consolidation · medical loans · car repair loans · wedding loans By speed: same day loans · emergency loans · online loans
35% APR. The federal criminal interest rate came down from an effective annual rate of 60% on 1 January 2025. Every lender in our network is subject to it.
It depends entirely on which market you are in. Everyday requests average $495. Instalment requests average $6,061.
Yes.
The 35% federal cap applies everywhere. Licensing and lender obligations differ, and Quebec's high-cost credit regime adds requirements that change which lenders operate there.
