Do you need a loan as soon as possible to cover some emergency vet expenses? There are options for you, but be prepared to pay extra via higher interest rates. Fast loans are more expensive because they have more lenient eligibility requirements and less paperwork involved.
You can get approved for a pet care loan whether you have a good or bad credit score. What’s key is that you can show the lender you have a regular income and there’s room in your monthly budget to make your loan repayments.
9 fast personal loans for urgent pet care
1. Loans Canada
Loans Canada was founded in 2012 and is headquartered in Toronto. It’s a broker with the largest lender network in Canada. Simply fill out an application to get matched with lenders providing emergency loans for pet care.
How fast you can get it: Get a loan via Loans Canada within 24 to 48 hours.
Loan details
Interest rate: 6.99% - 46.96%
Loan amount: $300 – $50,000
Loan term: 3 - 60 months
Minimum income: $1,000/month
Incomes it accepts: Varies by lender
Minimum credit score: 300
Serviced provinces: All of Canada
Accepts bad credit: Yes
Instant approval: Not available. You can get instant pre-approval, but the lender you choose will need to verify your income and identity before giving approval.
Credit check required: Some of the lenders you’re matched with may check your credit. You’ll need to withdraw your consent if you don’t want this.
Tips to get your money fast
Be ready to answer your phone. Once you apply, an agent will contact you so you should be available to take the call to expedite your application.
Send your documents in quickly. Attempt to get the required documents in quickly so that the agent looking after your application can proceed with the approval process.
Spring Financial is a major alternative lender that offers quick personal loans online. It’s been in business since 2014 and is based in Vancouver, BC.
How fast you can get it: Get an offer within minutes after you apply and receive your money to pay for vet expenses on the same day or next day.
Loan details
Interest rate: 10.8% - 46.99%
Loan amount: $500 – $35,000
Loan term: 6 - 60 months
Minimum income: $1,800/month
Incomes it accepts: Employment
Minimum credit score: 500
Serviced provinces: All of Canada
Accepts bad credit: Yes
Instant approval: Approval within 15 to 30 minutes
Credit check required: Yes
Tips to get your money fast
Have your phone ready. You’ll get a phone call from a Spring representative right after you apply.
Prepare your information. Have your banking details, employment information and pay stubs ready.
LoanConnect was founded in 2016 and operates out of London, Ontario. It’s a BBB-accredited business that hosts a comparison platform to match you with loan offers based on your unique profile. Get pre-approved for up to $50,000 and get an urgent pet care loan on the same day you qualify.
How fast you can get it: You can get an urgent loan via LoanConnect within 24 to 48 hours.
Loan details
Interest rate: 8.99% - 46.96%
Loan amount: $500 – $50,000
Loan term: 3 - 120 months
Minimum income: No min. income
Incomes it accepts: Varies by lender
Minimum credit score: 300
Serviced provinces: All provinces
Accepts bad credit: Yes
Instant approval: Not available. You can get instant pre-approval, but the lender you choose will need to verify your income and identity before giving approval.
Credit check required: You can find out your matches without a credit check, but the lender you choose may check your credit.
Tips to get your money fast
Have your documents ready. Have your ID, direct deposit information, bank statement, most recent pay stubs and proof of address ready.
Prepare a letter of employment. Reach out to your employer in advance to get a letter of employment before you apply.
SkyCap Financial was founded in 2013 and provides rapid personal loans up to $10,000 for Canadians looking to pay for vet expenses. You’ll need fair to good credit to get approved.
How fast you can get it: Get vet bill financing within 24 to 48 hours.
Loan details
Interest rate: 12.99% - 39.99%
Loan amount: $500 – $10,000
Loan term: 9 - 36 months
Minimum income: $1,666.67/month
Incomes it accepts: Employment, pension
Minimum credit score: 575
Serviced provinces: All provinces and territories except Quebec and Nova Scotia
Accepts bad credit: No
Instant approval: Available. To get an instant loan decision, do not skip any steps on the application.
Credit check required: Yes
Tips to get your money fast
Apply early in the morning. You’re more likely to get same-day approval if you apply early, during normal business hours.
Create an account. Sign up for an account in advance and be ready with your ID when you fill out your application.
Get Loan Approved specializes in personal loans with your car as collateral (also known as “car title loans”). This lender is lenient with income and credit score because it bases its approval on your car. To get approved, your car must be paid off and less than 10 years old. A Get Loan Approved agent will evaluate your car. You can continue to use your car.
How fast you can get it: Get this car title loan to pay for veterinary expenses in 1 to 2 business days.
Loan details
Interest rate: 9.95% - 29.00%
Loan amount: $1,000 – $50,000
Loan term: 12 - 72 months
Minimum income: None
Incomes it accepts: Any
Minimum credit score:
Serviced provinces: AB, BC, MB, NB, NL, NS, ON, PEI, SK
Accepts bad credit: Yes
Instant approval: No
Credit check required: No
Tips to get your money fast
Make sure your car is eligible. Make sure your car is fully paid off, not leased and not older than 10 years.
Get your car appraised. If you live in Ontario or BC, Get Loan Approved has a mobile agent who can come to you. If you don’t live in Ontario or BC, you’ll need to drive to a Get Loan Approved agent near you. This lender is partnered with many agents across Canada, and the average drive is 20 minutes.
AimFinance is an alternative lender serving residents of Ontario and British Columbia. It specializes in loans for bad credit, which you can use to pay for emergency pet care.
How fast you can get it: Get this fast loan in 1 to 2 business days.
Loan details
Interest rate: 46.00%
Loan amount: $1,000 – $5,000
Loan term: 9 - 24 months
Minimum income: $1,200/month
Incomes it accepts: Employment only
Minimum credit score: 300
Serviced provinces: All of Canada
Accepts bad credit: Yes
Instant approval: Yes
Credit check required: Yes
Tips to get your money fast
Be ready to verify your bank account. AimFinance will need view-only access to your bank statements in order to approve your application.
Apply in the morning. AimFinance sends funds via direct deposit, so you’re more likely to get same day funding if you apply early.
7. FlexMoney
FlexMoney offers an easy online application and approval process for emergency pet care loans. You don’t have to upload any documentation when you apply, and you can get approved within 15–30 minutes on average. Funds for emergency loans are usually released within 24 hours.
How fast you can get it: If you apply in the morning, it’s possible to get the loan on the same day. If you apply later in the day, the money should reach your account on the next business day.
Loan details
Interest rate: 18.90% - 46.90%
Loan amount: $500 – $15,000
Loan term: 6 - 60 months
Minimum income: $2,000/month
Incomes it accepts: Employment, pension
Minimum credit score: 500
Serviced provinces: Alberta, British Columbia, Newfoundland, Nova Scotia, Ontario, PEI, Saskatchewan and Yukon
Accepts bad credit: Yes
Instant approval: Offers instant loan approval within 15 to 30 minutes
Credit check required: Yes
Tips to get your money fast
Prepare your information. Have your banking details, employment information, estimated monthly expenses and current address of residence on hand.
Input your information correctly. The process to get approved is automated, so be sure that you input the correct details as they are used to validate your identity.
Magical Credit offers loans to pay for urgent pet care. It has a quick application process and free prepayment. You can apply for emergency loans for the unemployed in Canada (as long as you show proof of income from Child Tax Benefit, CPP, EI, private pension or maternity leave).
How fast you can get it: You can get a loan within 24 to 48 hours.
Loan details
Interest rate: 19.99% - 46.80%
Loan amount: $1,500 – $20,000
Loan term: 12 - 60 months
Minimum income: $1,200/month
Incomes it accepts: EI, CPP/pension, child tax benefit, maternity leave income
Minimum credit score: 300
Serviced provinces: Canada-wide (excluding Manitoba, Saskatchewan and Quebec)
Accepts bad credit: Yes
Instant approval: No, approval within 24 hours
Credit check required: Yes
Tips to get your money fast
Have your documents ready. If applying manually, be ready with a piece of ID, two recent pay stubs, an employment letter, your SIN and a recent bill to your current address,
Use online banking verification. Instantly verify your ID and banking information by logging into your bank account.
You can apply online, get instant approval and get immediate funding via direct deposit with this loan. However, since this is offered by a credit union, you’ll need a good credit score and a low level of monthly debts (less than 40% of your gross monthly income) in order to get approved. WFCU will also require you to buy a membership, which is around $5.
How fast you can get it: You can get this emergency loan as soon as the same business day or the next business day.
Loan details
Interest rate: Not disclosed, but rates are lower than most credit cards
Loan amount: Not disclosed
Loan term: Not disclosed
Minimum income: Not disclosed
Incomes it accepts: Not disclosed, but you’ll likely need full-time employment income
Minimum credit score: Not disclosed, but you’ll likely need a score over 660
Serviced provinces: Ontario
Accepts bad credit: Not likely
Instant approval: Yes
Credit check required: Yes
Tips to get your money fast
Prep your personal info and documents. Be ready with a piece of ID, at least two recent pay stubs and your SIN.
Make sure your finances are in good shape. You likely won’t get approved if you have NSF transactions in your bank account or have too many existing debts.
How do pet care loans work?
To apply for a pet care loan, you’ll to meet some basic eligibility criteria. These usually include:
Being 18 years of age or the age of majority in your province or territory
Being a Canadian citizen or a permanent resident with a valid Canadian address
Have a working bank account
Have proof of an income
After loan approval
Upon approval of your application, the lender will present you with a loan contract. Once you accept and sign the contract’s terms and conditions, the lender will send your funds via direct deposit or e-Transfer.
After you get the money, you have to start making periodical repayments as per the predetermined payment plan stated in your loan contract. This may be weekly, bi-weekly or monthly repayments.
Can you get pet loans with bad credit?
Yes, you can get a loan with bad credit, but expect to pay higher rates between 18% - 47%. Lenders who approve applicants with poor credit are less concerned about your score and more concerned about whether you have the income to repay their loan.
Can you get veterinary financing with no credit check?
There are loans you can get with no credit check to pay for vet expenses. However, be prepared to get approved for lower loan amounts at steeper interest rates. Lenders who offer no credit check loans charge very high rates because their applicants are more likely to default.
Also make sure you’re applying to a legit lender, because some scammers and disreputable lenders may use the “no credit check” tagline to lure people in desperate financial situations.
Representative example: Samantha needs to cover vet bills
Samantha is relocating to Northern Ontario. Her dog Spot hasn’t been to the vets in a while, and he is long overdue for at least three vaccinations – and she wants to get him neutered. She will also need to pick up two different medications to see him through mosquito season. She’s been told her total bill will come to $1,150.00. The cost to neuter her dog will be $250.00, the two medications come in at $350.00 and the vaccinations come in at $400.00 – and then she will have to pay tax.
Samantha doesn’t have this kind of money on hand right now – her big move up north has dwindled her savings down. However, since she will start her new job within a couple of weeks, she decides to take out a loan to cover the costs. Heading online, she compares both payday loans and personal loans. Since she has a decent credit score, she settles on a personal loan for $1,200.00, which will be repaid over 6 months.
Cost of vet bills
$1,150.00
Loan type
Personal loan
Loan amount
$1,200.00
Interest rate (APR)
10.00%
Loan term
6 months
Additional fees
Origination fee of 3% ($36.00)
Monthly payment
$205.87
Total loan cost
$1,271.24
*The information in this example, including rates, fees and terms, is provided as a representative transaction. The actual cost of the product may vary depending on the retailer, the product specs and other factors.
Factors to consider when taking out a loan
When comparing your loan options, consider these important factors carefully:
Interest rate. The interest rate you’re offered will depend on a few different factors including your credit score, the amount of money you wish to borrow and your ability to make your repayments. The lender you choose also makes a difference, so make sure you compare different lenders to find a competitive rate.
Loan amount and term. Only borrow the amount you actually need, since you’ll be paying interest on the amount you borrow. Some lenders may set minimum and maximum borrow limits, so make sure the lender you choose lets you borrow the amount you need. Loan terms will also vary between lenders. While a shorter loan term results in higher repayments each month, it can lead to big savings since you’ll pay less interest.
Turnaround time. If you need money in a hurry, limit your search to lenders who provide quick turnaround times. While some lenders can give you access to your funds on the day you apply, others can take 5-10 business days.
What should I avoid when looking for pet care financing?
As with all loans, you should typically avoid the following:
Don’t apply for too many loans at the same time. Most lenders will do a hard credit check, and it may give them pause if they see you applying to too many lenders.
If you don’t think you can make your loan repayments on time, avoid taking out a loan in the first place. Look for alternative funding methods, like borrowing money from friends or family.
Making late repayments can result in your credit score being negatively affected. Some lenders will report late or missing payments to the credit bureaus.
How much does it cost to take care of a pet?
Pets can be expensive and there are many costs related with keeping one. Here are some of the main costs:
Food. You’ll be spending between $120 to $1,000 on food every year, depending on the pet you have and the food you choose. Obviously, a dog is going to eat – and cost – much more than a hamster.
Routine care. Expenses in this area include money you spend on training, grooming, collars and leashes. These combined costs can cross the $500 mark.
Routine medical care. Veterinary exams can set you back $50 to $500 in the first year, with costs continuing for the lifetime of the animal. Spaying and neutering usually costs between $250 and $800. If you have a local Humane Society, there may be resources to find low-cost clinics near you. Flea and tick prevention costs can vary from $100 to $500 per year. Vaccinations cost $60 to $150 per year. If you’re getting health insurance for your pet, it could cost around $200 annually.
Medical treatments. Costs of emergency veterinary care can top $2,000, depending on the condition and required treatment.
Alternatives to pet loans
If you don’t want to take out a loan or can’t qualify for one, you may have other options, especially if you’re struggling to cover veterinary bills. Your options include:
The Society for the Prevention of Cruelty to Animals (SPCA) or Humane Society. Your local SPCA or Humane Society may be able to connect you with low income spay/neuter programs in your province or territory. In addition, they can connect low income earners with veterinary hospitals who offer discounted services.
Local charitable organizations. There are many local charitable organizations in different provinces that help Canadians with financial hardships pay for their veterinary bills. Look into local organizations in your province or territory for more information.
Frequently asked questions
Much like applying for any other loan, you can usually complete the process in 5-10 minutes, provided you have all the required information on hand.
If your loan is unsecured (no collateral required), you do not have to pay penalties when paying off your loan early.
To apply for a loan, you’ll need to provide your contact details and information about your employer and income. In addition, you’ll also need to provide how much you wish to borrow.
Leanne Escobal is a publisher for Finder. She has over 11 years of experience in financial services, specializing in content and marketing. Leanne has completed the Canadian securities course (CSC®) as well as the personal lending and mortgages course by the Canadian Securities Institute. She has a Bachelor of Arts (Honours) in English literature and creative writing from Western University.
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