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Bad Credit Loans Manitoba

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up Last updated

June 12, 2025

up Written by:

Amy Orr

up Reviewed by:

Jenna West

Looking for a loan can be a stressful process even if your credit score is nearly perfect. If your credit score isn’t the best, finding a loan with bad credit in Manitoba can be pretty difficult. If you are looking for a loan in Manitoba, you want to get approval quickly and easily, and to see the money in your bank account as fast as possible. The good news is that although many of the major banks will not work with a low credit score, there are solutions available in Manitoba that won’t ruin your finances. One of the best solutions to finding a Manitoba bad credit loan is applying for an online personal loan. These loans offer better payment periods and interest rates that will work with your financial circumstances.

Compare Lenders

AMOUNT
$500 - $150,000
INTEREST RATE
9.99% - 34.99%
TERMS
9 - 240 months
AMOUNT
$500 - $25,000
INTEREST RATE
34.56% - 34.95%
TERMS
6 - 84 Months
AMOUNT
$300 - $35,000
INTEREST RATE
9.99% - 34.95%
TERMS
9 - 84 Months
AMOUNT
Up to $20,000
INTEREST RATE
19.8% - 34.99%
TERMS
36 months
AMOUNT
$500 - $1,000
INTEREST RATE
Varies
TERMS
3 - 6 months
AMOUNT
$20-$350
INTEREST RATE
0%
TERMS
N/A
AMOUNT
$150-$1000
INTEREST RATE
30.4% APR
TERMS
30 Days
AMOUNT
$100 - $1,500
INTEREST RATE
Varies
TERMS
2 months
AMOUNT
$100 - $1,500
INTEREST RATE
Varies
TERMS
2 months
AMOUNT
$100 - $1,500
INTEREST RATE
Varies
TERMS
Up to 2 months

Frequently Asked Questions About Bad Credit Loans in Manitoba


How do I know if I have bad credit?

A low credit score can severely impact your access to financial products, so it’s crucial to know your score and, if necessary, take steps to improve it. Luckily there are many ways to find out your credit score, including paying a fee to access the information via a credit bureau (such as Equifax or TransUnion), speaking to your bank or credit union, or using an online tool. Manitoba’s average credit score is 638, slightly below the national average of 650.

How do I apply for a bad credit loan in Manitoba?

Applying for a bad credit loan in Manitoba is fairly straightforward – especially if you do so online. The exact information you need to provide will depend on which lender you go with, but in general you’ll need to be able to show:

  • You are at least 19 years old
  • You are a resident of the province
  • You hold an active bank account
  • You have some form of income

You may also need to provide other financial documentation (for example, detailing your existing debt levels) or provide collateral for your loan.

What bad credit loan providers are there in Manitoba?

Manitoba is home to a thriving financial market, including many bad credit lenders. These lenders come in the form of online lenders, bad credit financial providers, no credit check lenders, bad credit auto loan providers, and payday loan companies. Choosing between these types and the companies within them is a matter of considering how much you need to borrow, for how long, and how much you can afford to pay in interest and fees. Also remember to check any company you’re applying to has a trustworthy reputation.

How much can I borrow in Manitoba with a bad credit loan?

The amount you can borrow through a bad credit loan in Manitoba depends on the type of loan you get, the provider you choose, and your exact financial circumstances (like income, existing debts, and so on). Generally, borrowing amounts range from as little as $500 to as much as $50,000.

What are the typical terms for a bad credit loan in Manitoba?

Bad credit loans come in all shapes and sizes. The average interest rate for a bad credit loan in Manitoba is around 20%, but the range can be anywhere from 5% to over 40%, depending on your circumstances and the loan you’re taking out. Loans can last just a few months or up to five years.

Are there online options for bad credit financing in Manitoba?

Yes! There are plenty of online lenders (and brick-and-mortar lenders with online platforms) available for Manitobans to choose from. These lenders offer convenience and fast turnaround times. It’s also helpful that you can usually look into their terms and conditions in some detail on their websites, making the loan shopping process much easier.

Will taking out a bad credit loan hurt my credit score?

Taking out a loan of any kind will have an immediate effect on your credit score, lowering it slightly to reflect your higher debt burden. However, there will only be a long term negative effect if you fail to pay back the loan as agreed. But if you make your loan payments on time and in full, you will actually help to improve your credit over time – by establishing a history of reliable repayment.

av
writtenWritten by:

Amy Orr

Amy Orr is a professional writer and editor with over 10 years of experience in the Canadian, U.S. and U.K. financial markets. She has written for numerous publications on topics as diverse as economic literacy, corporate finance, and technical analysis of numerical data. Prior to transitioning to full-time writing, she worked in the hedge fund sector. Her academic background is astrophysics, and she has a Masters in Finance from the University of Edinburgh Business School.

av
writtenReviewed by:

Jenna West

Jenna West is Smarter Loans' in-house financial writer and content director. She has been covering the Canadian FinTech and finance industry since 2017, including financial trends analysis, industry surveys, regulatory updates and changes in Canadian consumer behaviour when it comes to finance.

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