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
⚠️ Warning: Be cautious with payday loans
High-cost payday loans are unsustainable for long-term use, with up to $14 charged per $100 borrowed. If you're experiencing financial hardship, call Credit Counselling Society for free financial counselling (Mon–Fri, 8am–5pm at 1-888-527-8999). Also consider payday loan alternatives.Payday loans like Personalized Loans
How does Personalized Loans compare?
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.
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