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.
Easy to compare loans from multiple lenders
Options to suit all types of credit
Free to use
Loan amounts of up to $50,000 available
Not a direct lender
High interest rates if you have bad credit
Loan Amount
$500 – $50,000
APR Range
8.99% – 35%
Loan Term
4 - 60 months
Serviced Provinces/Territories
All of Canada
Turnaround Time
Receive funds in as little as 24 hours.
Min. Credit Score
300
Fees
No application, origination or brokerage fees
Requirements
Canadian resident, age of majority in your province of residence
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 – $9,000
APR Range
Up to 35%
Loan Term
6 - 60 months
Serviced Provinces/Territories
AB, BC, NB and SK
Turnaround Time
within 24 hours
Min. Credit Score
300
Fees
Up to 10% of your loan amount to set up your loan, NSF and late payment fees of $25.
Requirements
Must be the age of majority in your province, with an active bank account, proof of employment and proof of residency to apply.
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
Not a direct lender
High rates for bad credit
Loan Amount
$500 – $60,000
APR Range
8.99% – 35%
Loan Term
3 - 120 months
Serviced Provinces/Territories
All provinces
Turnaround Time
Receive funds in as little as 24 hours.
Min. Credit Score
300
Fees
No application, origination or brokerage fees
Requirements
Canadian citizen or permanent resident, age of majority in your province of residence, current debts must total less than 60% of your income
Green Loans 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. However, watch out for a broker fee that can be in the hundreds.
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
$100 – $1,000
APR Range
22% – 35%
Loan Term
3 - 12 months
Serviced Provinces/Territories
all provinces except Manitoba
Turnaround Time
within 24 hours
Min. Credit Score
300
Fees
2.66% late fee
Requirements
• Share banking access via our secure IBV system (Instant Banking Verification) • Have a Canadian bank account open for 90+ days with online access • Be a Canadian citizen or permanent resident with a job • Be 18 or older (or provincial age of majority) • Earn at least $1,200 monthly in net income • Provide a valid phone number, email, and home address • You must not be in a bankruptcy or a consumer proposal. • You must not be planning to declare bankruptcy or a consumer proposal.
High-cost payday loans are unsustainable for long-term borrowing, with up to $14 charged per $100 borrowed. If you're experiencing financial hardship, consider calling 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.
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
Very steep interest rates
Short repayment terms
Loan Amount
$100 – $1,500
Loan Term
7 - 62 days
Cost
$14 per $100 borrowed
Serviced Provinces
AB, BC, MB, NB, NS, ON, PEI
Speed
As little as 2 minutes with Interac e-Transfer
Credit Check
Yes
Requirements
- At least 18 years old (for applicants in Alberta, Manitoba, Ontario and PEI) - At least 19 years old (for applicants in British Columbia, New Brunswick and Nova Scotia) - Canadian resident in a province that iCASH services - Valid cell phone number, address and email address - Net income of at least $800/month deposited into bank account - Receiving the same source of income for the past 3 months - Have a Canadian bank account that's been open for at least 3 months with online banking
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
Very high interest rates
Short repayment terms
Loan Amount
$100 – $1,500
Loan Term
Up to 62 days
Cost
$14 per $100 borrowed
Serviced Provinces
AB, BC, MB, NB, NS, ON, PEI, SK
Speed
As little as 2 minutes with Interac e-Transfer
Credit Check
Yes
Requirements
- Canadian resident over the age of 18 - Valid email address and phone number - Have an open bank account with a Canadian bank or credit union
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.
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.
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Here’s how to get a $500 loan to see you through until your next payday.
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