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Loans like Lamina

Find installment loans, cash advances and payday loans like Lamina in Canada.

Loans like Lamina

Lamina is a broker that offers no credit check installment loans of up to $1,500. You can apply online and get funded within an hour.

What if you don’t qualify for a Lamina loan or you’re looking for a different rate or loan term? Here are nine loans like Lamina for you to consider.

Installment loans like Lamina

If you want a short-term loan: LoansLoans.ca

LoansLoans.ca Installment Loan
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LoansLoans.ca Installment Loan

$500 – $1,000
Loan amount
28% – 32%
APR
3 months
Term
LoansLoans.ca is an online broker that offers access to short-term installment loans There are no credit checks required, and you can apply, get approved and get funded within 24 hours. Loan amounts range from $500 to $1,000, and you have 3 months to repay what you borrow.
  • Bad credit is OK
  • Fast access to funds
  • Easy online application
  • Rates up to 32%
  • Brokerage fee applies
  • Self-employed workers not eligible
  • Requires minimum monthly income of $1,200
  • $1,000 loan amount may not be enough
Loan amount $500 – $1,000
APR 28% – 32%
Term 3 months
Min. credit score 300
Fees Late payment fee (2.66% per month), $45 NSF fee, broker fee
Origination fee $300
Turnaround time Receive funds in less than 24 hours

If you want to compare installment loans from a large network of lenders: Loans Canada

Loans Canada Personal Loan
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Loans Canada Personal Loan

$300 – $50,000
Loan amount
6.99% – 46.96%
APR
3 - 60 months
Term
Loans Canada is an online loan search platform where you can compare loans from the largest network of lenders in Canada. It's easy to compare loan offers by filling out a single online application, and there are loan options available for borrowers with all types of credit. Best of all, the Loans Canada platform is free to use.
  • Loans for good and bad credit
  • Compare loans from multiple lenders
  • APRs starting at 6.99%
  • Get funded in one to three business days
  • High rates for bad credit
  • Not a direct lender
  • Limited to Loans Canada's lender network
Loan amount $300 – $50,000
APR 6.99% – 46.96%
Term 3 - 60 months
Min. credit score 300
Fees No application, origination or brokerage fees
Origination fee 0
Turnaround time Receive funds in as little as 24 hours.

If you want fast pre-approval and funding: LoanConnect

LoanConnect Personal Loan
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LoanConnect Personal Loan

$500 – $50,000
Loan amount
8.99% – 46.96%
APR
3 - 120 months
Term
LoanConnect is an online loan search platform where you can compare personal loans from a large network of lenders. Loans of up to $50,000 are available with terms ranging from 3 to 120 months depending on the lender. You'll typically get funded within 24 to 48 hours of applying.
  • Compare loans from multiple lenders
  • Loans for good or bad credit
  • Easy online comparison process
  • Compare your options without impacting your credit score
  • Not a direct lender
  • High rates if you have bad credit
  • Limited to LoanConnect's lender network
Loan amount $500 – $50,000
APR 8.99% – 46.96%
Term 3 - 120 months
Min. credit score 300
Fees No application, origination or brokerage fees
Origination fee 0
Turnaround time Receive funds in as little as 24 hours.

If you want to improve your credit score: MDG Financial

MDG Financial Installment Loan

Up to $1,600
Loan amount
29.78% – 44.8%
APR
Up to 36 months
Term
MDG Financial provides cash installment loans of up to $1,600. You can pre-qualify online without impacting your credit score. Once you're approved for a loan, the money will be deposited into your bank account within three hours.
  • Easy application process
  • Payments reported to credit bureaus
  • No penalty for early repayment
  • Established provider
  • 560 minimum credit score required
  • High interest rates
  • Some borrowers may need more than $1,600
Loan amount Up to $1,600
APR 29.78% – 44.8%
Term Up to 36 months
Min. credit score 560

Cash advances like Lamina

If you don’t want to pay interest: Bree

Bree Early Pay

$20 – $350
Loan amount
Starting at 0%
APR
Next pay cycle (61 days max.)
Term
Bree offers quick cash advances of up to $350 to help you avoid bank NSF fees. There's no interest charged on what you borrow, and it's quick and easy to apply online. However, you'll need to pay an extra fee if you want fast access to your money.
  • Easy to apply
  • No credit checks required
  • No interest charges
  • Monthly membership fee
  • You'll need to pay an extra fee to get your money within two hours
  • Small loan amount may not suit your needs
Loan amount $20 – $350
APR Starting at 0%
Term Next pay cycle (61 days max.)
Fees No interest or fees to access cash advance, fee for express funding (varies based on advance)
Turnaround time Within 8 hours for the express option (fee charged based on advance amount) and up to 3 business days for standard delivery

If you want to improve your credit score: Nyble

Nyble Credit Line

$30 – $150
Loan amount
Starting at 0%
APR
30 days, extendable
Term
Nyble provides access to an interest-free line of credit ranging from $30 to $150. It's designed to help you build your credit history, as Nyble reports your payments to the credit bureau. You can also use your Nyble account to check your Equifax credit score and report.
  • Get funds within 30 minutes
  • Build your credit history
  • No interest or late fees
  • Easy application process
  • Rewards program
  • Option to extend your payment deadline
  • May take up to 3 business days to get funds if you're not a member
  • Monthly membership fee ranging from $4.99 to $11.99
  • $150 loan amount may not be enough
Loan amount $30 – $150
APR Starting at 0%
Term 30 days, extendable
Fees No interest or fees to access credit line, optional $11.99/month membership to get premium services such as instant funding
Turnaround time 1-30 minutes with a paid membership or 1-3 business days with a free membership.

If you want money instantly: KOHO Cover

KOHO Cover

$20 – $250
Loan amount
Starting at 0%
APR
Flexible
Term
KOHO Cover provides an interest-free cash advance of up to $250. You don't need to complete a credit check to apply, and the money will be in your bank account straight away. You can repay what you borrow at any time, but note that this cash advance comes with a monthly fee.
  • No credit check
  • Instant access to funds
  • No interest
  • You don't need an income to qualify
  • Monthly KOHO Cover subscription fee starting at $2
  • You may also have to pay a monthly fee for your KOHO plan
  • $250 may not be enough
  • Won't improve your credit score
Loan amount $20 – $250
APR Starting at 0%
Term Flexible
Fees subscription fee starting at $2/month
Turnaround time Immediately
⚠️ 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.

Payday loans like Lamina

If you want a payday loan with an instant decision: GoDay

GoDay Payday Loan

$100 – $1,500
Loan amount
1 – 62 days
Loan Term
2 minutes
Min. Turnaround Time
GoDay is an online payday lender that offers fast payday loans of up to $1,500. You can apply online in about five minutes, and GoDay's automated approval system will process your application instantly. Funds are deposited in your account within one hour of being approved.
  • Many types of income accepted
  • Get funded within an hour
  • Easy to apply
  • Instant decisions 24/7
  • High cost of borrowing
  • Short repayment terms
  • $1,500 may not be enough
Loan amount $100 – $1,500
APR Varies by province
Term Up to 62 days
Min. Turnaround time As little as 2 minutes with Interac e-Transfer
How to apply Online
In Store
Credit Check Yes

If you want money within minutes: iCash

iCash Payday Loan

$100 – $1,500
Loan amount
7 – 62 days
Loan Term
2 minutes
Min. Turnaround Time
iCash is a 24/7 payday lender that provides fast cash loans of up to $1,500. It's simple to apply, approvals are automated and instant and funds are sent to your account via e-Transfer in as little as two minutes.
  • Get funded within an hour
  • Loans approved 24/7
  • Apply online or via mobile app
  • 4.6/5 stars based on 2,400+ reviews on Trustpilot
  • Very expensive
  • Short repayment term
Loan amount $100 – $1,500
APR Varies by province
Term 7 - 62 days
Min. Turnaround time As little as 2 minutes with Interac e-Transfer
How to apply Online
In Store
Credit Check Yes
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

How does Lamina compare?

Here are the highlights of how Lamina stacks up against the competition:

Pros

  • Get funded within an hour of being approved
  • No credit checks
  • Easy online application process
  • Online bank verification

Cons

  • Brokerage fees of $15 to $56 per $100 borrowed
  • Very high APRs of up to 275%
  • Short loan terms of 3-7 months
  • Maximum loan amount of $1,000 may not be enough for some borrowers

Features of installment loans like Lamina

Providers like Lamina offer fast access to cash in a financial emergency. Here are some of the common features you can expect from online installment loan providers like Lamina:

  • Fast turnaround time. It generally takes 24-48 hours to get approved and funded for an installment loan, while it’s possible to get same-day funding from some lenders. Learn more about emergency loans.
  • Short loan terms. Loans commonly have repayment periods ranging from three to six months.
  • Use the money for any purpose. You can use the funds from an installment loan for any legitimate purpose.
  • Easy online application. Most lenders offer a completely online application process, including online ID and income verification. If you’re approved, funds are distributed by e-Transfer or direct deposit.
  • Bad credit is OK. Online installment loan lenders tend to have quite lenient eligibility criteria and are willing to work with borrowers who have bad credit. Rather than conducting credit checks, they often focus on your income to assess your ability to repay a loan. Learn more about bad credit loans.
  • Unsecured. Online installment loans are unsecured, so you don’t need to provide an asset as collateral.

What do I need to watch out for with installment loans like Lamina?

Be aware of the following risks when applying for an installment loan:

  • Brokerage fees. Many providers charge brokerage fees to cover the cost of setting up your loan. These fees can run up to a few-hundred dollars and may significantly increase the cost of borrowing.
  • High APRs. The lenient eligibility criteria of online installment loans come at a cost. These loans have high APRs and are very expensive to repay. For example, Lamina loan APRs range from 120% to 275%.
  • Scams. While there are many legitimate lenders, you also need to watch out for scammers. Do your research to make sure you’re dealing with a legit lender, and know how to recognize the signs of a personal loan scam.

What do I need to apply for an installment loan like Lamina?

The exact eligibility requirements you’ll need to meet vary between lenders, but you will generally need to:

  • Be a Canadian citizen or permanent resident
  • Be the age of majority in your province or territory
  • Receive a minimum monthly income
  • Have a valid Canadian bank account

You can apply online by providing:

  • Your name, date of birth and SIN
  • Your phone number, email address and residential address
  • Your desired loan amount
  • Proof of ID
  • Proof of income
  • Your bank account details

Bottom line

If you’re looking for loans like Lamina in Canada, there are plenty of options to consider. Just make sure you’re aware of the full cost of borrowing before you apply, and compare a range of lenders before deciding the right option for you.

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