100 List Of Bad Credit Loans In Ontario And How To Apply (2024)

Bad credit loans or unsecured loans are short-term fixes for borrowers with bad credit, no credit, or poor credit history. In Ontario, to be termed a bad credit borrower, your credit score needs to be below 600.

To apply for any of the numerous bad credit loan services available in Ontario, you must have a bad credit score of less than 600, be at least 18 years of age and reside within Ontario, have a valid means of identification, active bank account and proof of income.

Contrary to opinions that having bad credits makes you ineligible for loans, there are various agencies that offer bad credit loans services that work in the same way as personal loans where borrowers repay loans in fixed monthly installments. There are several advantages of bad credit loans, some of which are:

  • Fast approval
  • If repaid on time, it can help you fix your bad credit history by improving your credit score
  • You can get it as an unsecured loan that doesn’t require any collateral
  • The payment plan is flexible
  • Fewer requirements than regular loans

100 List of Bad Credit Loans in Ontario

Ontario is Canada’s most populous province and it definitely has no shortage of bad credit loans. Bad credit loans in Ontario fall under 4 categories; unsecured loans, secured loans, bad credit car loans, and payday loans.

There is no shortage of providers in Ontario, as you must consider various cogent factors before opting for a particular one.

The various categories of bad credit loan providers in Ontario include: online-only lenders, auto loan providers, bad credit specialists, and payday loan companies.

If you are in Ontario with a bad credit score and you are in need of emergency funding to meet up your financial need, here is a list of 100 bad credit loans in Ontario.

  1. Fairstone Unsecured Personal Loan
  2. Loans Canada
  3. Alpine credits
  4. FlexMoney Personal Loan
  5. Spring Financial Personal loan
  6. LoanConnect Personal Loan
  7. Mogo Personal Loan
  8. Skycap Financial Personal Loan
  9. Money Mart Installment Loan
  10. CashMoney Installment Loan
  11. Loanz personal Loan
  12. LendingMate
  13. Pay2day
  14. Afterpay
  15. Ganaraska financial credit union
  16. Helium loans
  17. Iceberg finance
  18. LM Finance
  19. Easyfinancial
  20. I Need My Money Today
  21. iCash
  22. quick loan
  23. Tribecca Finance Corporation
  24. CashCo Official
  25. LendDirect
  26. Amber Financial
  27. MyMoney Coach
  28. My Next Pay
  29. Dwelling Loans
  30. Smarter Loans
  31. Prudent Financial Services
  32. Loan and Go
  33. Magical Credit
  34. Ca
  35. Crediteck
  36. CashGo
  37. Canada Lend
  38. Ferratum Canada
  39. Focus Financial Inc.
  40. Better Than The Bank
  41. EasternLoans
  42. CashClick
  43. Smabloan Inc.
  44. Lendified
  45. FatCat Loans Canada
  46. Do Finance
  47. Cash 4 You
  48. Fast Action Finance Title Loans
  49. Money Direct
  50. Evolve Financial
  51. 710 Loan
  52. CashMax
  53. Pay Bright
  54. Easy Payday Loan
  55. Money Financial
  56. Canada Wide Financial
  57. Borrow with your car
  58. Admore financial services
  59. Loans Geeks
  60. ca
  61. The Loan Arranger
  62. ca
  63. We Loan Money
  64. Scarborough Bad Credit Car Loans
  65. Rapid Loans
  66. Hamilton Bad Credit Car Loans
  67. North Bay Payday Loans Co
  68. Credit Clob
  69. Eazy cash Loan Company
  70. Payday Easy Loans Inc.
  71. Payday Loans Kanata
  72. Finance That
  73. Oakville Bad Credit Car Loans
  74. LendCare Financial Institution
  75. Brantford Payday Loan Co
  76. London Bad Credit Car Loans
  77. Simply Cash Loan Agency
  78. Urgent Money
  79. Barrie Auto Credit
  80. Kitchener Bad Credit Car Loans
  81. Truck Loan Center
  82. Mississauga Payday Loans Co
  83. Sudbury payday loans Co
  84. Drive It Now
  85. Commonwealth Loans
  86. Donnelly Auto Credit
  87. Get Approved Canada
  88. Plus
  89. Breeze Financial Solutions
  90. Accessible Cash
  91. Auto Mall Loans
  92. BHM Financial Group
  93. SJC Financial
  94. Canada Powersports Financing
  95. 514 Loans
  96. Cash Depot
  97. Paramount Payday Loans
  98. EZ Settlement Loans
  99. Credit2go
  100. Fast Access Financial

How to Apply for Bad Credit Loans in Ontario

The application process for bad credit loans is usually easier than for regular personal loans. Most Bad credit loans can be easily accessed online while some might require a physical application. The basic requirements needed to apply are:

  • You must be at least 18 years of age
  • You must have Canadian citizenship and reside in Ontario
  • You must have a credit score of less than 600 to be eligible to apply
  • You must show proof of income (although, this doesn’t apply to all agencies)
  • You must have collateral (typically, most bad credit loans don’t require collateral)
  • You must have a valid means of identification
  • You must have an active Canadian account

After meeting all of the above requirements (as well as others that might be required by the agency you are applying to), you will go ahead to fill out the application form which will include you entering details of your personal information, details of income, how much you want to borrow, repayment plan and interest rate agreement.

After successful application and approval, you will get your loan credited instantly or at most within 1 or 2 working days.

What is the cost of a bad credit loan in Ontario?

The interest rate of all bad credit loans is usually higher than compared of good credit loans. However, the cost of a bad credit loan in Ontario varies between 15% and 47% per year depending on your credit score, repayment time, lender, type of loan, amount, and several other factors.


What is the highest amount I can get from a bad credit loan in Ontario?

Bad credit loans have been made easily accessible to individuals with low credit scores across Ontario. The amount you will be able to borrow from a bad credit loan will depend on if your loan is secured or not. Borrowers with unsecured bad credit loans can get high as $15,000 while those with secured bad credit loans can get as high as $35,000 to $50,000. However, the amount you will be borrowed will also be determined by your credit score. The higher your score, the higher your chances of getting more money.

It is also safe to note that the higher the amount of money you borrow, the higher the interest rate, repayment time, and overall debt load.

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