Personalized Loans offers short-term loans of between $300 and $2,000. There are no credit checks, and you can get approved and funded the same day.
But if you don’t qualify for a loan from Personalized Loans, or if you think you might get better terms elsewhere, check out these loans like Personalized Loans.
Installment loans like Personalized Loans
If you want access to a large lender network: Loans Canada
Loans Canada is a loan search platform where you can compare loan offers from one of Canada's largest networks of lenders. You can fill out a single loan application and then get matched with suitable lenders, and there are multiple loan types available through the platform. If you apply and get approved, you'll receive your loan within one to three business days.
Cashco Financial is an alternative lender that offers flexible personal loans to non-prime borrowers. If your credit score isn't the best, you can work with Cashco to get a combination of loan amount, loan term and interest rate that works for your situation.
Lenient criteria
Non-employment income is okay
Bad credit is okay
High rates for bad credit
Loan amount
$500 – $7,000
APR
20% – 48.99%
Term
6 - 60 months
Min. credit score
300
Fees
Up to 10% of your loan amount to set up your loan, NSF and late payment fees of $25.
Turnaround time
within 24 hours
If you want fast access to loan offers: LoanConnect
Loan search platform LoanConnect makes it easy to compare multiple lenders by filling out a single online application. You can apply without it affecting your credit score, and you can get offers from lenders in as little as 60 seconds. There's a wide range of loan types available, and you can get funded the same day in some cases.
Compare loans from multiple lenders
Loans for good and bad credit available
Better Business Bureau accredited with an A+ rating
LoansLoans.ca is an online broker that offers short-term loans of up to $1,000. There are no credit checks involved, and you'll get an instant response after applying. If you're approved, the funds will be in your account within 24 hours.
Bad credit won't stop you getting a loan
Get funded within 24 hours
No collateral required
Very expensive
Brokerage fee applies
Not available for self-employed workers
Loan amount
$500 – $1,000
APR
28% – 32%
Term
3 - 12 months
Min. credit score
300
Fees
Late payment fee (2.66% per month), $45 NSF fee, broker fee
High-cost payday loans are unsustainable for borrowing over a continued period of time and are expensive as a means of longer-term borrowing. 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 will vary by province. Review the maximum borrowing cost for your province before entering into a loan agreement.
iCash is an online payday lender that offers fast access to loans of up to $1,500. Loan approval is instant and automated, so you can apply and get funded 24 hours a day. If your application is approved, the funds will be sent to your account by e-Transfer within minutes.
Get a loan 24/7
Fast access to funds
Apply online or via a mobile app
No credit checks
4.6/5 stars based on over 2,400 Trustpilot reviews
GoDay is an online payday lender that uses an automated system to assess your loan application. This means you can get an instant decision on your application 24/7, and if you're approved, you'll be funded in as little as one hour.
Same-day funding
Wide range of incomes accepted
Easy online application process
No credit checks
4.4/5 stars based on over 2,900 Trustpilot reviews
Check the pros and cons of Personalized Loans to get a better idea of how it stacks up against the competition:
Pros
No credit checks required to qualify for a loan
Get approved and funded the same day
Wide range of income types accepted, including wage loss insurance CNESST and pensions
Repay your loan over a period of up to 5 months
Plenty of positive customer reviews
Cons
You must be a resident of Quebec to qualify for a loan
Annual interest rate of 19.99%
$55 fee for missed payments
Maximum loan amount of $2,000 may not be enough for some borrowers
Is Personalized Loans legit?
Personalized Loans is an online lender that has plenty of positive online customer reviews. It’s a member of the Canadian Lenders Association, and its website lists phone and email contact details, an office address and a privacy policy.
Summary of Personalized Loans reviews
Personalized Loans has largely received positive customer reviews, having earned an average rating of 4.8/5 from over 2,100 Trustpilot reviews. Customers who left positive Personalized Loans reviews mentioned factors such as the fast and easy approval and funding process as well as helpful customer service. People who left negative reviews commonly complained about being refused for a loan or the high cost of borrowing.
Bottom line
If you’re searching for loans like Personalized Loans, there are plenty of alternatives to consider. Shop around and compare your options to find the best terms. But be aware that these loans may come with high interest rates and fees along with short repayment periods, so make sure you can afford repayments before you apply.
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. See full bio
Compare a variety of no credit check loans in Canada.
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