If you’re looking for a $750 loan, there are plenty of options available. Even if your credit history is less than perfect, there are lenders that offer $750 loans with no credit checks and lenient eligibility criteria.
But high interest rates and fees apply, so it’s important to shop around to find the best value.
Compare $750 loans
⚠️ Warning: Be cautious with payday loans
High-cost payday loans are unsustainable for borrowing over a continued period of time and are expensive as a means of longer-term borrowing. View payday costs and regulations by province here. If you're experiencing financial hardship call Credit Counselling Canada for free financial counselling (Monday-Friday 8:00am-5:00pm at +1 866-398-5999). You may also want to consider payday loan alternatives.
Maximum borrowing costs of payday loans per province
Always refer to your contract for exact repayment amounts and costs.
Province
Max. cost of borrowing a $100 payday loan
Cooling off period to cancel loan
Max. penalty for returned cheque or pre-authorized debit
Alberta
$15
2 business days
$25
British Columbia
$15
2 business days
$20
Manitoba
$17
48 hours excluding Sundays and holidays
$20
New Brunswick
$15
48 hours excluding Sundays and holidays
$20
Newfoundland and Labrador
$14
2 business days
$20
Nova Scotia
$15
Next business day (2 days for online loans)
$40 (default penalty)
Ontario
$15
2 business days
$25
Prince Edward Island
$15
2 business days
N/A
Quebec
Limit of 35% AIR
N/A
N/A
Saskatchewan
$17
Next business day
$25
Where can I get a $750 loan?
You typically won’t be able to get a $750 loan from a bank, as the minimum amount available on a bank personal loan is typically $3,000 to $5,000. The good news is that there are three other types of lenders that offer $750 loans in Canada.
Payday lenders
Payday lenders offer fast access to loans of up to $1,500. There are no credit checks with a $750 payday loan, you can apply online or in-store, and you can get approved and funded within minutes. Some lenders even approve and fund loans 24/7. However, payday loans have short repayment periods and are very expensive, so consider a range of options before deciding if this is the right type of loan for you.
A wide range of online lenders offer small installment loans, with loan amounts starting from $200 to $500. If you get a $750 installment loan from an alternative lender, you’ll find that they have more lenient eligibility requirements than traditional lenders. They also offer fast approval and funding, plus repayment terms that usually range from 3 to 6 months, but you’ll need to watch out for steep interest rates and brokerage fees.
Though quite rare, some credit unions also offer small loans, such as the Vancity Fair and Fast Loan or the Servus Credit Union Fast Forward Small Loan. Loan amounts start around the $100-$200 mark, they offer approval and funding within hours, and they often don’t require a credit check. These small loans are typically designed for borrowers looking to get their finances back on track, so approval is based on your income rather than your credit score.
Yes you can. Bad credit won’t stop you from qualifying for a $750 loan from payday lenders, alternative lenders and selected credit unions.
These lenders will focus on your income and existing debt levels to determine your ability to repay a loan. As a result, your credit score won’t be a factor.
But these lenient eligibility criteria come at a price. Bad credit loans come with steep interest rates and high fees, so make sure you’re aware of the total cost of repaying your loan before you sign up.
Yes, it’s also possible to qualify for a $750 loan with no credit check. Payday lenders, alternative lenders and selected credit unions all offer no credit check loans. Rather than judging your application based on your credit score, they will check your income to work out if you can afford to repay a loan.
Once again, no credit check loans in Canada come with high interest rates and potentially brokerage fees, so you’ll need to be prepared to repay significantly more than you borrow.
Steps to apply for a $750 loan
You can get a $750 loan in Canada by completing the following steps.
1. Check your credit score
The first thing you need to do is check your credit score to find out where you stand. This will help you work out which lenders may be willing to offer you a loan, and which ones to avoid because you don’t meet their eligibility criteria. If you don’t urgently need a loan, at this point in the process you should consider taking steps to increase your credit score before borrowing any money — this will help you secure a better interest rate.
2. Compare lenders and loans
It’s essential that you only apply for loans from legitimate lenders, so the next step is to make sure any lender you’re considering is properly registered and licensed. You can also look for other signs a lender is reputable, such as Better Business Bureau accreditation or positive reviews from real customers on legitimate review sites, and watch out for the warning signs that indicate a personal loan scam.
Then you can start comparing loans to check the APR, any fees that apply, the loan term and total cost to repay. If the lender offers personal loan pre-approval without affecting your credit score, this will give you a rough idea how much a loan will cost and make it easier to compare loans across lenders.
3. Submit an application
When you find the right loan, it’s time to apply. While credit unions and some lenders operate physical branches, most allow you to apply online. You’ll need to provide your name, contact details and bank account information, plus upload proof of ID and provide income information.
4. Review the loan offer
If you get approved, read over the loan contract closely before you sign. This will let you know how much your repayments will be and ensure that there are no nasty surprises down the road.
5. Get funded
Some lenders offer funding within minutes, but you can generally expect to get your money either the same day or next day via Interac e-Transfer or direct deposit.
How do I get fast approval on a $750 loan online?
There are multiple online lenders that offer instant loans in Canada. These lenders approve and fund loans 24/7 using automated systems, so you can apply and get cash whenever you need it.
Many of these lenders also offer online bank verification. This process allows them to access your bank statements electronically, allowing them to assess your income without you having to upload any documents. This in turn makes the approval process quicker, which means there’s less time to wait before the money is in your pocket.
If you need money urgently, it’s also a good idea to look for a lender that has staff on hand to manually process applications 24/7. This will ensure that if your application needs extra attention, for example if you’ve recently started a new job, you can still access fast approval.
How much is a $750 loan?
If you want to get a better idea of how much your repayments will be on a $750 loan, let’s look at the example of a $750 payday loan, bad credit installment loan or credit union loan in BC.
$750 payday loan
$750 bad credit installment loan
$750 loan from a credit union
Rate
$15 for every $100 borrowed
22% + $225 broker fee
19%, no fees
Term
14 days
3 months
3 months
Repayments
1 full payment of $862.50
$154.77 payment every 2 weeks
$110.28 payment every 2 weeks
Total cost
$862.50
$1,006.02
$771.99
APR
391%
231%
19%
What are the downsides of $750 payday loans?
There are a few key disadvantages to be aware of before deciding whether you should apply for a $750 payday loan.
High fees. Payday loans are expensive. Provincial regulations limit how much a lender can charge you to take out a payday loan, but these vary from $14 to $17 for every $100 borrowed depending on where you live.
Short repayment terms. Payday loans are typically designed to be repaid on your next payday, so you only have a very short period of time to pay back what you borrow. This in turn makes it easy to get trapped in a cycle of debt, so a payday loan should be a last resort.
Sketchy lenders. The payday lending space also attracts more than its fair share of illegitimate lenders. Make sure any lender you consider is licensed to provide payday loans where you live, and check that they follow the payday lending regulations in your province. Also watch out for signs of a payday loan scam, such as requiring you to pay an upfront fee.
How else can I borrow $750?
Line of credit. A line of credit gives you access to a pre-determined amount of credit, and you can withdraw funds up to your limit whenever you want. Interest is only charged on the money you withdraw, and you’ll often get a lower interest rate than on a bad credit installment loan, but you’ll need to watch out for any fees that apply.
Credit card cash advance. A credit card cash advance provides quick and easy access to a portion of your credit card limit. It’s a convenient way to get cash in your pocket and may have a lower interest rate than a bad credit loan, but cash advance fees and limits apply.
Car title loans. If you own a vehicle, a car title loan lets you borrow as much as 50% of its value. This size of loan may be larger than you need, however, and you also run the risk of having your car repossessed if you default on the loan.
Get a cosigner. Applying for a personal loan with a cosigner can help you access larger loan amounts and lower interest rates. But you’ll need to find someone with excellent credit who is willing to cosign your loan, plus deal with any strain it places on your relationship.
Bottom line
If you need a $750 loan, there are several options to choose from — even if you have bad credit. But steep interest rates, extra fees and short repayment terms can make them risky options, so make sure you know exactly what you’re getting yourself into before you apply. You’ll also need to compare a wide range of lenders and loans to find the $750 loan that’s right for you.
No. Bank personal loans usually have minimum loan amounts of $3,000 – $5,000. However, some credit unions and alternative lenders offer $750 loans in Canada.
The maximum amount you can borrow with a payday loan is $1,500. However, some provincial laws restrict the amount you can borrow based on your income. For example, if you're an Ontario resident, you're allowed to borrow $1,500 or up to 50% of your net income.
If you apply for a payday loan with a 24/7 lender, it's possible to get approved and funded within minutes. If you apply for a bad credit installment loan from a lender that offers online bank verification, you can get same-day or next-day funding on a $750 loan.
No. Be very wary of any lender that promises guaranteed approval as this could be a sign of a scam. A lender will need to assess your income before deciding whether you can afford to repay a loan.
Tim Falk is a freelance writer for Finder. Over the course of his 15-year writing career, he has reported on a wide range of personal finance topics. Whether you're investing in stocks and ETFs, comparing savings accounts or choosing a credit card, Tim wants to make it easier for you to understand. When he’s not staring at his computer, you can usually find him exploring the great outdoors.
Need to borrow up to $5,000? Compare loan options, even if you have bad credit.
Feedback
How likely would you be to recommend finder to a friend or colleague?
0
1
2
3
4
5
6
7
8
9
10
Very UnlikelyExtremely Likely
Required
Thank you for your feedback.
Our goal is to create the best possible product, and your thoughts, ideas and suggestions play a major role in helping us identify opportunities to improve.
Advertiser Disclosure
finder.com is an independent comparison platform and information service that aims to provide you with the tools you need to make better decisions. While we are independent, the offers that appear on this site are from companies from which finder.com receives compensation. We may receive compensation from our partners for placement of their products or services. We may also receive compensation if you click on certain links posted on our site. While compensation arrangements may affect the order, position or placement of product information, it doesn't influence our assessment of those products. Please don't interpret the order in which products appear on our Site as any endorsement or recommendation from us. finder.com compares a wide range of products, providers and services but we don't provide information on all available products, providers or services. Please appreciate that there may be other options available to you than the products, providers or services covered by our service.
We update our data regularly, but information can change between updates. Confirm details with the provider you're interested in before making a decision.
