How to Get a Loan to Cover Divorce Costs | Finder Canada

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How to get a loan to cover divorce costs

6 options when you're struggling to pay your legal fees out of pocket.

Updated

Fact checked

Divorces can be expensive, but you don’t necessarily need to have the funds on hand to cover the cost. Attorney payment plans, personal loans and funds from your joint bank account are just a few options that can help you cover the heavy financial burden. Plus, there are ways to cut down on divorce fees from the beginning to avoid a large bill at the end.

How can I finance a divorce?

You have several options to cover the cost of your divorce when you don’t have the money up front.

Compare your financing options

Name Product Interest Rate Max. Loan Amount Loan Term Fees Min. Credit Score Link
Loans Canada Personal Loan
Secured from 2.00%, Unsecured from 8.00% to 46.96%
$50,000
3-60 months
No application or origination fees
300
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More Info
Loans Canada connects borrowers to lenders offering both secured and unsecured personal loans in amounts from $300 to $50,000. Submit one application to get rates from multiple lenders across Canada.
Fairstone Personal Loan (Unsecured)
26.99% - 39.99%
$20,000
6 months - 5 years
None
560
Go to site
More Info
Fairstone offers unsecured personal loans up to $20,000
Mogo Personal Loan
9.90% - 47.42%
$35,000
9 months - 5 years
NSF fee - $20 - $50
540
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More Info
Mogo offers loans up to $35,000 on flexible terms.
LoanConnect Personal Loan
Secured from 1.90%, Unsecured from 10.00%-46.96%
$50,000
3-60 months
No application or origination fees
300
Go to site
More Info
LoanConnect is an online broker that matches borrowers to lenders offering loans in amounts from $500 to $50,000. Get approved for multiple loan offers from different lenders in as little as 60 seconds with any credit score.
Cash Money Installment Loan
46.93%
$10,000
6 months - 5 years
Vary across provinces/territories
560
Go to site
More Info
Cash Money offers installment loans up to $10,000 for AB, MB and NB residents.
LendDirect Personal Loan
19.99% - 46.93%
$15,000
No end dates
None
560
Go to site
More Info
Borrow up to $15,000, based on your income and credit history, with a personal line of credit from LendDirect.
LendingMate Personal Loan
43% (British Columbia and Ontario) and 34.90% (Quebec)
$10,000
1-5 years
None
300
Go to site
More Info
LendingMate offers loans to Canadians with poor credit with no credit checks. Co-signer required for application.
Fairstone Personal Loan (Secured)
19.99% - 23.99%
$35,000
3-10 years
Varies by province
560
Go to site
More Info
Fairstone offers secured personal loans up to $35,000.
Magical Credit Personal Loan
19.99% - 46.80%
$20,000
6 months - 5 years
A single administration fee of $194 for $1,500 loans and up
300
Go to site
More Info
Magical Credit offers unsecured personal loans in amounts up to $20,000.
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Compare up to 4 providers

Name Product Interest Rate Max. Loan Amount Loan Term Fees Min. Credit Score Link
Cash Money Line of Credit
46.93%
$10,000
6 months - 5 years
Vary across provinces/territories
N/A
Go to site
More Info
Cash Money offers line of credit loans up to $10,000 for AB, BC, NS, ON and SK residents. (Residents of MB or NB can apply in-store only.)
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Compare up to 4 providers

Name Product Purchase Interest Rate Cash Advance Rate Annual Fee Minimum Income Benefits with this card Description
American Express Cobalt Card
19.99%
21.99%
$120
N/A
Earn 5 Membership Rewards points per $1 spent at eligible grocery stores, restaurants, bars, cafés and food delivery services, 2 points per $1 spent at eligible gas stations, and on transit and travel purchases, and 1 point per $1 spent elsewhere.
Earn up to 45,000 bonus Membership Rewards points. In your first year as a new Cobalt Cardmember, earn 2,500 points for each monthly billing period in which you spend $500 on your card (for a total of 30,000 points in a year). Plus, earn 15,000 points when you spend a total of $3,000 in purchases on your Card in your first 3 months. Apply by May 5, 2021.
BMO World Elite Mastercard
19.99%
22.99%
$0 annual fee for the first year ($150 thereafter)
$80,000
Get 3 BMO Rewards points per $1 spent on eligible travel, dining and entertainment purchases (up to $50,000 spend annually), and 2 points per $1 spent on all other eligible purchases (and once you reach the $50,000 annual spend).
Get up to 30,000 points – 25,000 points when you spend $3,000 in the first 3 months and 5,000 points on your first anniversary. Plus, get the $150 annual fee waived in the first year. Apply by October 31, 2021
American Express Aeroplan Card
30% annual interest rate applies to balances not paid in full each month
N/A
$120
N/A
Earn 2x the points on eligible purchases made directly with Air Canada and Air Canada vacations, 1.5x the points on eligible dining and food delivery purchases and 1x the points on everything else.
Earn up to 15,000 Welcome Bonus Aeroplan points and a bonus Buddy Pass as a new cardmember.
Tangerine Money-Back Credit Card
19.95%
19.95%
$0
$12,000
Earn 2% cash back in two categories of your choice (or three categories if you open a Tangerine Savings Account and directly deposit your cash back into the account), and 0.5% cash back on everything else.
Get a 1.95% interest rate on balance transfers for the first six months (valid within the first 30 days of account opening).
SimplyCash Preferred Card from American Express
19.99%
21.99%
$99
N/A
Earn 2% cash back on all eligible purchases
Earn 10% cash back on all eligible purchases (up to $400 in cash back) for the first four months of Cardmembership.
Choice Card from American Express
19.99%
23.99%
$0
N/A
Earn 1 American Express Membership Point for every $1 you spend on purchases.
Earn 12,500 Bonus Membership Rewards points when you charge $1,250 in purchases to your card within the first 3 months as a new Cardmember. Apply by May 5, 2021.
BMO Preferred Rate Mastercard
12.99%
12.99%
$20
$15,000
Take advantage of an introductory balance transfer offer, annual fee waiver in the first year, and low purchase and cash advance interest rates.
Get a rate of 3.99% on balance transfers for 9 months with a 1% transfer fee. Plus, get the $20 annual fee waived in the first year.
BMO eclipse Visa Infinite
20.99%
23.99%
$0 annual fee for the first year ($120 thereafter)
$60,000
Earn 5x the BMO Points for every $1 spent on groceries, dining in and out, gas and transit.
Get up to 40,000 points and the $120 annual fee waived in the first year. Earn 25,000 points after you spend $3,000 in the first 3 months and get 15,000 points on your first anniversary.
American Express Aeroplan Reserve Card
19.99%
21.99%
$599
N/A
Earn 3x the points on eligible purchases made directly with Air Canada and Air Canada Vacations, 2x the points on eligible dining and food delivery purchases in Canada, and 1x the points on everything else.
Earn up to 65,000 Welcome Bonus Aeroplan points and a $100 Statement Credit as a new cardmember.
American Express AIR MILES Platinum Credit Card
20.99%
21.99%
$120
N/A
Earn 1 AIR MILE for every $5 spent on eligible food, drink, gas and transit purchases (up to an annual spend of $30,000), and earn 1 AIR MILE for every $10 spent on all other eligible purchases (and after the $30,000 annual spend)
Earn a Welcome Bonus of 2,000 AIR MILES when you spend at least $1,500 in eligible purchases within the first three months. That’s enough to redeem for $200 towards your purchases with AIR MILES Cash.
American Express Business Edge Card
19.99%
21.99%
$99
N/A
Earn 3 Membership Rewards points for every $1 spent on eligible business essentials including office supplies, electronics, rides, gas, eats and drinks (up to an annual earn of 75,000 Membership Rewards), and earn 1 Membership Reward point for every $1 spent on all other eligible purchases
Earn up to 42,000 Membership Rewards points in your first year. Earn a Welcome Bonus of 30,000 Membership Rewards points when you spend at least $5,000 on eligible purchases within the first three months, and earn 1,000 Membership Rewards points each month (a total of 12,000 annually) when you spend a minimum of $3,000 on eligible purchases
Shell AIR MILES Mastercard from BMO
19.99%
22.99%
$0
$15,000
Get up to 5x the AIR MILES Reward Miles on groceries Valid until May 31, 2021. Plus, get 3x the AIR MILES for every $25 spent at eligible AIR MILES partners, and get 1 AIR MILE for every $25 spent elsewhere.
Get 800 AIR MILES Bonus Miles (enough for $80 towards purchases with AIR MILES Cash).
BMO eclipse Visa Infinite Privilege
20.99%
23.99%
$499
$150,000
Earn 5x the BMO Points for every $1 spent on groceries, dining in and out, drugstore purchases, gas and travel.
Get up to 50,000 welcome points. Earn 35,000 points when you spend at least $5,000 in the first three months and get 15,000 points on your first anniversary.
American Express Gold Rewards Card
30% annual interest rate applies to balances not paid in full each month
N/A
$150
N/A
Earn 2 Membership Rewards points for every $1 spent on eligible gas station, grocery store, drug store and travel purchases and on eligible hotel and car rental bookings made with American Express Travel, and earn 1 Membership Reward point for every $1 spent on all other eligible purchases
Earn a Welcome Bonus of 25,000 Membership Rewards points when you spend at least $1,500 on eligible purchases within the first three months
HSBC +Rewards™ Mastercard®
11.9%
11.9%
$0 annual fee for the first year ($25 thereafter)
N/A
Earn 2x the rewards on eligible dining and entertainment.
Earn 30,000 Points ($150 travel value), plus get a full annual fee rebate for the Primary Cardholder for the first year ($25 value). Apply by March 29, 2021. Conditions Apply. This offer is only available to residents of Canada other than the province of Quebec (Quebec residents eligible for separate offer).
HSBC World Elite® Mastercard®
19.9%
22.9%
$0 annual fee for the first year ($149 thereafter)
$80,000
Earn 3% in travel rewards on all eligible travel purchases (6 Points per $1 spent) and earn 1.5% in travel rewards on all other eligible purchases (3 Points per $1 spent).
Earn up to 40,000 Points ($200 travel value), plus a full annual fee rebate for the Primary Cardholder for the first year ($149 value). Apply by March 29, 2021. Conditions Apply. This offer is only available to residents of Canada other than the province of Quebec (Quebec residents eligible for separate offer).
Shell AIR MILES World Mastercard from BMO
19.99%
22.99%
$99
$60,000
Earn 1 Mile per $15 spent on all eligible purchases.
Get up to 5x the AIR MILES Reward Miles on groceries Valid until May 31, 2021. Plus, earn 1 Mile per $15 spent on all eligible purchases.
SimplyCash Card from American Express
19.99%
21.99%
$0
N/A
Earn 1.25% cash back on all eligible purchases.
Earn 2.5% cash back on all eligible purchases in your first three months (up to a maximum spend of $6,000, or $150 in cash back).
BMO CashBack World Elite Mastercard
19.99%
22.99%
$0 annual fee for the first year ($120 thereafter)
$80,000
Earn 1.5% cash back on all eligible purchases.
Get up to 10% cash back in your first 3 months and the $120 annual fee waived in the first year.
Tangerine World Mastercard
19.95%
19.95%
$0
$60,000
Earn 2% cash back in two categories of your choice (or three categories if you open a Tangerine Savings Account and directly deposit your cash back into the account), and 0.5% cash back on everything else.
Get a 1.95% interest rate on balance transfers for the first six months (valid within the first 30 days of account opening).
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How much does a divorce cost?

The average cost of an amicable divorce is between $2,000 and $3,000, according to the National Bank. However, contested divorces can be much more expensive, costing $14,000 on average across Canada. The longer that both parties cannot agree on the decision to divorce or on the terms of separation, the more costly the divorce can be. You could be out over $18,000 for 1-2 days of Family Law legal proceedings and up to $36,000 for 5 days.

This number includes court fees, attorney costs and other expenses like having your assets appraised and hiring a tax adviser. However, costs can vary widely across provinces. how much you actually pay will vary based on several factors, such as where you live, whether your divorce is contested and if you have any children. Costs can vary widely across provinces. Furthermore, having a child can up the bill, since you might need to pay for a child custody evaluation.

6 ways to cut back on divorce fees

From avoiding court as much as possible to relying on paralegals when you can, here are a few ways for you to lower your divorce bill:

  • File online. Filing online can cut down on attorney and court-appearance fees, meaning you only need to cover filing costs. However, this is usually only an option for uncontested divorces.
  • Come to an agreement on your own. An uncontested divorce means you don’t need to hire an attorney or get the courts involved in your assets. This can often reduce the cost to a few hundred dollars.
  • Spend as little time in court as possible. Appearing in court is where your attorney fees can really add up, especially if your case is delayed and you’re paying by the hour.
  • Stay away from attorney bundles. Some attorneys offer divorce packages that include multiple services, which you may or may not end up using. Hire an attorney for individual services instead to avoid wasting your money.
  • Rely on paralegals when you can. Paralegals can help you with basic legal advice and generally cost less than a divorce lawyer.
  • Only go for mediation if you’re both serious about it. Mediation might keep you out of court, but it isn’t free. And if you can’t agree on things, you’ll have to repeat the process.

Bottom line

Divorce might not be as expensive as marriage, but it isn’t cheap. If you and your spouse don’t have thousands of dollars up front, using a payment plan or taking out a personal loan could make it easier to shoulder the cost.

You can learn more about how borrowing works by checking out our guide to personal loans.

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