Trusted by More than 2,000,000 Canadians since 2016

Online Loans Ontario

  • chAccess $300 - $35,000 online
  • chTransparency in rates & terms
  • chNo paperwork, no delays
up Last updated

June 09, 2025

Online Loans in Ontario

Online loans offer people in Ontario a new way to seek out financing. Whether you need money to pay for unexpected expenses, fix your car, go on vacation, or expand your business, online loans in Ontario can be a quick financing solution for your immediate needs. The approval process for an online loan in Ontario is quick and simple thanks to Smarter Loans. You can finally avoid long line-ups and filling out tons of paperwork. Upon completing a simple online application, you can expect to receive the funds you applied for in a matter of days. Here at Smarter Loans, we’ve saved you time by doing the heavy lifting for you.

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
$1,000 - $5,000
INTEREST RATE
19.9% - 34.5%
TERMS
12 - 36 months
AMOUNT
$500 - $1,000
INTEREST RATE
Varies
TERMS
3 - 6 months
AMOUNT
$1,000 – $15,000
INTEREST RATE
19.9% - 34.9%
TERMS
Line of Credit
AMOUNT
$20-$350
INTEREST RATE
0%
TERMS
N/A
AMOUNT
$150-$1000
INTEREST RATE
30.4% APR
TERMS
30 Days
AMOUNT
$500 - $15,000
INTEREST RATE
34.37%
TERMS
12 - 60 Months
AMOUNT
$100 - $1,500
INTEREST RATE
Varies
TERMS
2 months
AMOUNT
$500 - $2,500
INTEREST RATE
18.99%
TERMS
Variable
AMOUNT
$300 - $20,000
INTEREST RATE
Varies
TERMS
12 - 60 Months
AMOUNT
$1,500 to $10,000
INTEREST RATE
Varies
TERMS
12 - 60 months
AMOUNT
$100 - $15,000
INTEREST RATE
34.37%
TERMS
9 - 60 Months

Frequently Asked Questions About Online Loans in Ontario


How do I apply for an online loan in Ontario?

If you live in Ontario, applying for an online loan is convenient and easy. The first thing you’ll need to do is collect your supporting paperwork. Each loan provider requires slightly different documentation, but at a minimum you should have ready your:

  • ID
  • Proof of address
  • Income or employment information (such as pay stubs or bank statements)

With this information, you’ll be able to fill in an online loan application form and submit it for review. If successful, you’ll receive a loan offer, which you need to sign to accept. Your loan funds will be released shortly after this.

Where in Ontario can I get an online loan from?

There are dozens of online loan options for Ontario’s 14.5 million residents, and sorting the wheat from the chaff may seem like a big task – but it needn’t be. We’ve got you started by curating the list above; the companies named here are vetted to be reputable and reliable. This is a big hurdle out of the way, as some online lenders can be predatory or untrustworthy. You’re still left with plenty of choice though, and online loans can come from a variety of sources – banks, credit unions, online-only financial institutions, alternative lenders, specialty lenders, and more. The right lender for you will depend on your exact needs and circumstances.

What’s the best interest rate I can get with an Ontario online loan?

Interest rates on online loans can be very variable, with some as low as 5%, and some as high as 50%. The rate you’ll get depends on the lender you go to, your loan details, and your personal circumstances. For example, Ontario’s most financially secure borrowers will be charged the lowest interest rates, as they are considered a ‘safer bet’. Those with poor credit or low income will be charged more.

How much can I borrow with an online loan in Ontario?

This depends on the lender you go to and your circumstances. Online loans are available for up to $50,000 for Ontarians who qualify, but most people borrow around $10,000 with an online loan. You’ll be able to borrow more if you have high income, good credit, or assets to secure your loan against.

What are some alternatives to an online loan?

Online loans are popular across Ontario because they offer fast cash and are extremely convenient, but you should know that you have other options that may be better suited to your particular needs. Other loan types that may work for you and that are available throughout the province include:

  • Secured personal loan
  • Installment loan
  • Auto loan
  • Title loan
  • Line of credit
  • Debt consolidation loan
  • Home equity loan
  • Credit card
  • Peer-to-peer loan
  • Guaranteed loan

I’m new to Ontario; can I get an online loan?

Most online loan providers perform a credit check when considering a loan application, and this can present a challenge to those who are new to Canada. If you don’t have a credit history in the country, you won’t have a credit report yet! However this obstacle can be overcome if you can provide other financial documentation to support your loan application. You may also want to consider a no-credit check loan as an alternative, or until you have built up your credit history in the country. If you’ve moved to Ontario from another province, then your credit history will follow you across the country, so you shouldn’t encounter any problems.

Awesome G.
04:46 26 Feb 25
I’m very honoured to shear my experience with this illustrious platform. To be able to systematically choose from a list optional to one’s profile without doing much leg work is truly rewarding. This platform allowed to expand my options and chose which lenders fit my profile, thank you and continue doing what you do best,, connecting people to available wealth opportunities.
Pat M.
03:10 26 Feb 25
Good place to get a loan
Chris “Stufphr” H.
02:07 26 Feb 25
When you feel in need of a loan do it smart and make it a Smarter Loans.
Dan Bott (.
01:41 26 Feb 25
Very Helpful, was assisted in a timely fashion and was ultimately able to receive assistance; I highly recommend!!!
joel K.
22:59 25 Feb 25
I have recommended this place to many friends I feel that this company goes out of their way to help people that they can and they are very easy to work with
Nate C.
13:22 27 Oct 24
This company is reliable, quick, and just has the best customer service and rates it is a easy process with quick results. Would definitely recommend to anyone that needs the help.
Vincent J.
07:08 23 Oct 24
Good place for borrowing a bit of money 😁
Kels H.
06:41 23 Oct 24
Personally love this opportunity and app. Super convenient and easy to use and super awesome variety of great loans. Thanks so much guys for making such an awesome site and app and being there for me over the years. :)
Tara H.
16:23 16 Oct 24
From beginning to end, my experience was great! Very professional and personable agents. They only asked questions that were needed for the loan and payments were extremely reasonable. Would recommend to anyone who needs emergency funds.
A S.
19:43 11 Oct 24
“ Thank you SO very much! My situation was tricky and you guys made the whole process so effortless. The way you guys handle the whole process so discreetly. That truly speaks to how well your office is run and the caliber of specialists who handled the processing of my entire loan!”

Why Choose Smarter Loans?

smart

Access to Over 50 Lenders in One Place

smart

Transparency in Rates & Terms

smart

100% Free to Use

smart

Apply Once & Get Multiple Offers

smart

Save Time & Money

smart

Expert Tips and Advice

As seen on
  • logo
  • logo
  • logo
  • logo
  • logo
  • logo