Same Day Loans in Canada

Why Choose Smarter Loans?

Our technology connects directly with lenders to submit your application where you're most likely to be approved - protecting your credit score and saving you time.

Faster Approvals

Apply where you're most likely to be approved. Our system analyses your profile against real lender criteria to find the best fit.

Protect Your Credit Score

One soft credit check instead of multiple hard inquiries. We match you with lenders before they pull your full credit report.

Done-For-You Applications

Our technology is integrated directly with lenders. We handle the paperwork and submit your application to the right places.

Built for Real Canadians

We work with lenders who support a wide range of credit profiles, helping borrowers with past challenges access realistic financing options.

How It Works

Get funded in three simple steps

Complete Your Application

Apply once through a secure online form in under 5 minutes. We'll ask about you, your funding needs, and basic financial information.

Get Approved

Our platform assesses your application against real lender criteria and routes it directly to the lender where approval is most likely.

Receive Your Funds

Once approved, funds are deposited directly into your bank account - often within 24-48 hours.

Apply Now – It Takes 5 Minutes

Same Day Loans

No matter how well you manage your personal finances, emergencies can happen where your only hope is to find financing – and fast. But modern technology and the prevalence of online lenders mean that same day loans are a popular solution across Canada. With just a few clicks, anyone can get funding in moments by using Smarter Loans.

But not all Canadian cash loans are created equal. That’s why Smarter Loans has compiled a list of the most trusted firms in the industry. These lenders rank highly in terms of client satisfaction, reliability, and fairness of terms. Most of these companies also offer an online loan application process, so you can expect to learn whether you’ve been approved within minutes.

Apply with Smarter Loans, and we’ll match you up with an appropriate lender for your situation.

Eligibility Requirements

Must be at least 19 years old
Must be a Canadian Resident
Minimum monthly income of $1,000

Funding Solutions Available

One application gives you access to multiple financing options

Installment Loans

Unsecured personal loans up to $15,000

Lines of Credit

Personal line of credit up to $30,000

Short-term Loans

Loans up to $1,500 with repayment in 60 days or less

Secured Loans

Loans that are backed by collateral

Frequently Asked Questions

Where To Get a Same Day Loan?

Although personal loans are available from banks and credit unions, online lenders are the best bet when considering a same day loan, as they are able to move much faster than other providers.

How can same day loans be paid back?

Different lenders have a variety of different repayment methods, some of which include post-dated checks, automatic payments credited directly from your bank account, and/or cash settlement on a pre-defined date. Some may allow more flexible loan payment terms, such as a non-standard pay frequency, or payments made via e-transfer.

What can I use a same day loan for?

Anything you like - there are no restrictions.

What is the maximum amount that can be borrowed with a same day loan?

This varies from lender to lender, but typical same day loans are between $500 and $5,000. Each lender has their own restrictions concerning the cap on the amount available to be lent out. This is also a function of the borrower's income and collateral. The higher the income and/or level of collateral posted, the higher the lender will be willing to go in terms of principal amounts lent.

What happens if I miss a payment on my loan?

A representative of the lender will contact you and ask for the payment to be made. If it cannot be made, then there is the option of a loan extension. Failing that (e.g. if the borrower is delinquent), then the credit score will be impacted for up to 5 years, and the lender may choose to take additional legal action.

Can I use a same day loan to repay existing debt?

Yes, you can use a same day loan to consolidate other debt. However, make sure that your final outstanding debt is less expensive than the debts you are paying off with the new loan.

Can I apply for a same day loan if I have bad credit?

Yes. While there is no guarantee of being approved, borrowers with bad credit may apply for these loans.

What are the requirements for a same day loan?

Usually, all you need to apply for a same day loan is government-issued ID and proof of income. In addition, you must be at least 18 years old. Each lender will assess you by their own standards, but if you are an adult with an income, it should be easy.

Are same day loans the same as payday loans?

No. Although many payday lenders offer fast turnaround times for cash loans, the terms of payday loans can be far more punitive than with their same day counterparts. Payday loan amounts are generally smaller (capped at $1,500), and the entire payday loan must be repaid in one lump sum, on your next payday. In addition, interest rates are higher on payday loans, and eligibility requirements are more lax.

Do I need a bank account to borrow money asap?

Yes, most lenders - and every online lender - will require your bank account details so that they can deposit funds automatically into your account via direct deposit or e-transfer.

Same Day Loans Canada