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Semi Truck Loans & Financing in Ontario

  • chTruck Loans up to $1 Million
  • chRates as low as 7%
  • chCompare offers from Top Truck Lenders in Canada
up Last updated

June 09, 2025

In Ontario, there has been a massive increase in demand for truckers. A common trend amongst the citizens of Ontario is to purchase their own truck and break in to the industry independently. One of the most popular trucks is semi-trucks. These types of trucks are designed for multi-use and dependent on the job, you can swap out trailers easily. Here at Smarter Loans, we actively help interested applicants acquire the funding they need to pick up their new semi-trucks. Since most semi-trucks are extremely expensive, it’s wise to apply for some financing. We work with a plethora of semi-truck loan providers that can help you with the funds you need to make the investment.

We’ve condensed the process with our semi-truck loan providers in order to save our applicants as much time as possible. Since everything is entirely online, you can choose to apply from the comfort of your own home.

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Compare Lenders

AMOUNT
$5,000+
INTEREST RATE
Varies
TERMS
12 - 120 Months
AMOUNT
$15,000 and up
INTEREST RATE
5.5% - 14%
TERMS
12-84 months
AMOUNT
$10K - $1.5M
INTEREST RATE
From 7.99%
TERMS
3 - 24 Months
AMOUNT
$5K - $500K
INTEREST RATE
Varies
TERMS
4 - 12 Months
AMOUNT
$15K - $1M
INTEREST RATE
From 8%
TERMS
3 - 24 Months
AMOUNT
$5K - $500K
INTEREST RATE
From 7.99%
TERMS
6 - 24 Months
AMOUNT
$5K - $50M
INTEREST RATE
From 7%
TERMS
5 - 96 Months
AMOUNT
$2,500 - Unlimited
INTEREST RATE
Starting at 3.9% - 34.9%
TERMS
3 - 240 Months

Ontario Statistics Bulletin

  • According to latest Census the population of Ontario stands at 13,448,000.
  • Based on the most up-to-date available information, on the average each inhabitant of Ontario earns $30 per hour.
  • The educational interests of Ontario residents lie first of all in architecture, engineering, and related technologies, business, management and public administration, agriculture, natural resources and conservation.
  • As per the latest stats, there are 3,602,000 registered homeowners in Ontario.
  • As per the latest independent research, an average Ontario inhabitant earns $47,400 per month.
This data was researched in 2019 and uses various information resources, including Canada’s National Statistics Agency, etc., where the information can be as of an older date. The facts above may change as new information becomes available. We do our best to keep the information up to date.

Our website helps you get in touch with reliable Semi Truck Loan lenders in Ontario for all your borrowing needs.

Review our catalogue of Semi Truck Loan companies to get current Semi Truck Loan rates in Ontario.

Semi Truck Loans are usually used for the purposes such as

  • Commercially transport materials
  • purchase a new or used semi truck and trailer
  • finance a semi truck from Caterpillar, Freightliner and other brands
  • obtain a Peterbilt or Kenworth semi truck and trailer
  • finance or lease a semi truck throughout Canada
  • obtain equipment for a new trucking or transport company

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!”

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