One application. 4 lenders.
Apply Now One application routed to where you qualify.
Every Apply button starts the same single application. Your chosen lender is prioritized first.
| Segment | Share | Average request |
|---|---|---|
| Everyday, under $1,500 | 59.3% | $567 |
| Instalment, $1,500 and above | 40.7% | $6,931 |
Read-only banking connection approves files a bureau score declines: the lender sees deposit regularity, overdraft frequency and what you already pay monthly, rather than a three-digit summary. It is also why those lenders fund fastest, in Quebec as everywhere.
How to tell a legitimate online lender from a scam. No legitimate Canadian lender asks for money upfront. Provincial licensing registers are public and take a minute to search. Banking connection is read-only through a recognised provider, and nobody legitimate asks for your online banking password. Guaranteed approval with no checks is not a real product.
The Office de la protection du consommateur does not issue permits above 35% annual interest. Where a rate exceeds the Bank of Canada rate plus 22 points, added obligations apply, including an ability-to-pay assessment.
If you live in Quebec, applying for an online loan is really simple. Once you know which lender you want to apply to, you should carefully read their application instructions, then gather all of the documentation you’ll need to complete the application form. Each loan provider requires slightly different documentation, but at a minimum you should have ready your: 1. ID 2. Proof of address 3. Income or employment information - With this information in hand, you’ll be able to fill in the application form and submit it for review.
There are dozens of online loan options for Quebec’s 8.5 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 - 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.
Interest rates on online loans can be very variable, with some as low as 5%, and some as high as 50%. This is because the rate you’ll get depends on the lender you go to, your loan details, and your personal circumstances. For example, Quebec’s most financially secure borrowers will be charged the lowest interest rates, while those with poor credit or low income will be charged more.
This depends on the lender you go to and your circumstances. Online loans are available for up to $50,000 for Quebecois 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.
Online loans are popular across Quebec 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: 1. Secured personal loan 2. Installment loan 3. Auto loan 4. Title loan 5. Line of credit 6. Debt consolidation loan 7. Home equity loan 8. Credit card 9. Peer-to-peer loan 10. Guaranteed 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. 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 Quebec from another province, then your credit history will follow you across the country, so you shouldn’t encounter any problems.
