What is the best place to get a $2,000 loan?

The best place to get a $2,000 loan depends on your financial situation. If you have good credit, you can apply to financial institutions and select online lenders to score a competitive rate. If you have bad credit, you can apply to alternative lenders of bad credit loans.

What happens after I submit my $2,000 loan application?

The process may vary between different lenders, but most lenders will call you if they want to proceed with your application.

Can I get a $2,000 payday loan?

No, you can't get a $2,000 payday loan in Canada. That's because payday loans are regulated at the provincial or federal level across Canada to ensure that they max out at $1,500. While a payday loan is usually easy to qualify for, you will need to repay it by your next paycheque up to a maximum of 62 days.

If I'm unemployed, can I still get a $2,000 loan?

Yes, you may still be eligible for a $2,000 loan if you're unemployed, as long as you have some sort of income – like government unemployment benefits, welfare payments, self-employment income or investment income – that proves you can repay the loan. Some online lenders are less interested in your credit history and employment status as long as you have some sort of income source to pay for your loan.

How long will it take for me to receive my $2,000 loan funds?

Funds are usually deposited into your bank account by the next business day. If the lender offers e-Transfer, you can get your money on the same day.

Will a late payment on my $2,000 loan affect my credit score?

It's at the discretion of the lender as to whether or not it will report late or missing payments to Canada's two credit bureaus – Equifax and TransUnion. If you know your payment is going to be late, the best solution is to inform your loan provider as soon as possible. The lender may be willing to extend the payment deadline and find ways to help you through difficult financial times. Always try to keep an open line of communication between yourself and the lender.