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Mostly under $5,000. More than half of Ontario installment-size requests on our platform are under $5,000. They average about $2,200. More than one in five is for $10,000 or more.
| Amount asked for | Share of Ontario requests | Average request |
|---|---|---|
| $1,500 to $4,999 | 55.1% | $2,215 |
| $5,000 to $9,999 | 22.8% | $5,615 |
| $10,000 and up | 22.1% | $15,861 |
Smarter Loans platform, 6,222 personal loan applications from Ontario for $1,500 to $35,000, 1 January to 30 June 2026.
You repay on a schedule, in equal payments, over months or years. A payday loan in Ontario costs $14 per $100 and cannot be more than half your net pay. Once a balance takes more than one pay period to clear, the installment loan costs less.
Ten in our network, lending $100 to $35,000. Rates run from 9.99% to 35% APR. They are ten of the sixteen on the personal loans in Ontario page. The other six are lines of credit or flat-fee advances.
Five pay out within 24 hours, and ten within two days. Seven consider poor credit or set no minimum score. Our application reaches all ten. Income minimums run from $1,000 to $2,500 a month.
Your score, the amount and the term. A good score can reach the 9.99% floor, and a poor one is priced toward the 35% cap. Seven of the ten price a poor score rather than decline it.
The installment loans in Canada page shows what each rate costs on the same loan.
Reviewed by Rafael Rositsan, Co-Founder and CEO, Smarter Loans, 3 October 2026. Lender terms checked August 2026. Platform figures cover applications from 1 January to 30 June 2026.
Ten lenders in our network do, lending $100 to $35,000. Five of them pay out within 24 hours.
More than half of Ontario requests are under $5,000, averaging about $2,200. More than one in five is for $10,000 or more. Figures are from Smarter Loans applications, January to June 2026.
The ten lenders charge 9.99% to 35% APR. Your score, the amount and the term decide where you land.
It is once the balance takes more than one pay period to clear. Ontario payday loans cost $14 per $100 and cannot exceed half your net pay.
Yes. Seven of the ten lenders consider poor credit or set no minimum score.
