One application. 10 lenders.
Apply Now One application routed to where you qualify.
Every Apply button starts the same single application. Your chosen lender is prioritized first.
In the afternoon, and after hours. The busiest hour for Ontario applications on our platform is 2 p.m., and Tuesday is the busiest day. About two in three come in outside business hours, evenings and weekends included. Those requests average about $2,300, against about $2,500 during the day.
| When the application came in | Share of Ontario applications | Average request |
|---|---|---|
| Outside business hours | 63.2% | $2,261 |
| During business hours | 36.8% | $2,497 |
Smarter Loans platform, 18,440 personal loan applications from Ontario, 1 January to 30 June 2026. Business hours are 9 a.m. to 5 p.m., Monday to Friday, local time.
Ten of the sixteen on the personal loans in Ontario page. They lend $15 advances to $20,000 loans. Rates run from 0% up to the 35% federal cap.
All ten pay out within 24 hours of approval. Eight consider poor credit or set no minimum score, and two want a fair score. Income minimums run from $1,000 to $2,500 a month. Our application reaches all ten at once.
By its licence. An online payday lender needs an Ontario licence under the Payday Loans Act, 2008, the same as a store. Other lenders are bound by the federal 35% cap. Walk away from any lender wanting a fee before approval, or payment in gift cards or crypto.
No. A payday loan costs the same $14 per $100 at any speed, and an installment loan is priced on your credit, not the clock. The payday loans in Ontario and installment loans in Ontario pages set out each. Every online lender we work with is on the online loans in Canada page.
Reviewed by Vlad Sherbatov, Co-Founder and President, Smarter Loans, 6 October 2026. Lender terms checked August 2026. Platform figures cover applications from 1 January to 30 June 2026.
Yes. Ten lenders in our network lend online across Ontario, from $15 to $20,000.
All ten lenders pay out within 24 hours of approval.
The busiest hour for Ontario applications is 2 p.m., and about two in three come in outside business hours. Figures are from Smarter Loans applications, January to June 2026.
Yes. It needs an Ontario licence under the Payday Loans Act, 2008, the same as a store.
Yes. Eight of the ten lenders consider poor credit or set no minimum score.
