Compare Loans Canada 2026
Side-by-side comparison of 15 Canadian lenders. Filter by APR, loan amount, approval speed, and province. Find the best option for your situation.
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| Lender | Rating | APR Range | Loan Amount | Approval Time | Loan Type | First-Time | Action |
|---|---|---|---|---|---|---|---|
 Money Mart Direct Lender | 8.4 ★ 42% approved | 391% - 442% | $100 - $1,500 | 1 hour | payday | ✓ Yes | Apply Now |
 Cash Money Direct Lender | 8.2 ★ 39% approved | 391% - 456% | $100 - $1,500 | 2 hours ⚡ Fastest | payday | ✓ Yes | Apply Now |
 easyfinancial Direct Lender | 8.9 ★ 55% approved | 19.99% - 46.96% | $500 - $45,000 | 24 hours | installment | ✓ Yes | Apply Now |
 Fairstone Direct Lender | 8.6 ★ 48% approved | 9.99% - 29.99% | $500 - $40,000 | 48 hours | installment | ✓ Yes | Apply Now |
 Spring Financial Direct Lender | 8.5 ★ 52% approved | 19.99% - 46.96% | $500 - $35,000 | 24 hours | installment | ✓ Yes | Apply Now |
 LendDirect Direct Lender | 8.1 ★ 44% approved | 19.99% - 46.96% | $1,000 - $15,000 | 12 hours ⚡ Fastest | installment | ✓ Yes | Apply Now |
 Magical Credit Direct Lender | 7.9 ★ 38% approved | 391% - 456% | $100 - $1,500 | 1 hour ⚡ Fastest | payday | ✓ Yes | Apply Now |
 iCash Direct Lender | 8.3 ★ 46% approved | 391% - 442% | $100 - $1,500 | 1 hour ⚡ Fastest | payday | ✓ Yes | Apply Now |
 Mogo Direct Lender | 8.7 ★ 50% approved | 5.9% - 45.9% | $500 - $35,000 | 24 hours | installment | ✓ Yes | Apply Now |
 Borrowell Broker | 8.4 ★ 54% approved | 2.99% - 46.96% | $500 - $50,000 | 24 hours | installment | ✓ Yes | Apply Now |
 Credit Fresh Direct Lender | 7.8 ★ 35% approved | 29.99% - 59.99% | $200 - $3,500 | 6 hours | line of-credit | ✓ Yes | Apply Now |
 Fig Loans Direct Lender | 8.1 ★ 40% approved | 19.9% - 45.9% | $300 - $1,500 | 12 hours | installment | ✓ Yes | Apply Now |
 Progressa Broker | 7.6 ★ 32% approved | 9.99% - 46.96% | $1,000 - $50,000 | 48 hours | installment | ✓ Yes | Apply Now |
 Refresh Financial Direct Lender | 8.0 ★ 42% approved | 14.99% - 29.99% | $300 - $10,000 | 24 hours | installment | ✓ Yes | Apply Now |
 LoansCanada Broker | 8.8 ★ 60% approved | 2.99% - 59.99% | $500 - $500,000 | 2 hours | payday | ✓ Yes | Apply Now |
How to Use This Comparison Tool
1. Filter Your Options
Use the filters above to narrow down lenders by loan amount, APR, approval speed, or loan type. All lenders serve Canadian provinces.
2. Compare Side-by-Side
Review APRs, loan amounts, approval times, and ratings to find the best match for your needs. Check if lenders operate in your province.
3. Apply Directly
Click "Apply Now" to start your application with your chosen lender. Fast approval in most cases, with funds available same day or next day.
Frequently Asked Questions
How do I choose the best lender in Canada?
Focus on three key factors: (1) APR (lower is better – payday loans typically 391-456% APR, installment loans 5.9-47%), (2) loan amount that meets your needs, and (3) approval speed. Also verify the lender operates in your province and accepts first-time borrowers.
What's the difference between direct lenders and brokers?
Direct lenders (like Money Mart, easyfinancial, Fairstone) fund loans with their own capital and make lending decisions directly. Brokers (like LoansCanada, Borrowell) submit your application to multiple lenders and help you compare offers. Both can be good options depending on your situation.
Are these lenders regulated in Canada?
Yes. All lenders listed here are regulated by provincial authorities and the Agence de la consommation en matière financière du Canada (ACFC). Quebec borrowers benefit from additional protections under the 35% APR cap for payday loans.
How long does approval take in Canada?
Approval times range from 1-48 hours depending on the lender. Payday lenders (Money Mart, Cash Money, Magical Credit, iCash) typically approve within 1-2 hours. Installment lenders (easyfinancial, Fairstone) may take 24-48 hours for larger amounts.
Can I get a loan with bad credit in Canada?
Yes. Most lenders accept applicants with bad credit or no credit history. Payday lenders (Money Mart, Cash Money, iCash) have the highest approval rates (38-46%) for bad credit. Installment lenders like easyfinancial and Spring Financial also specialize in credit rebuilding.
What documents do I need to apply?
For payday loans: valid ID, active bank account, proof of employment (pay stub or bank statements). For installment loans: additional income verification may be required. Most applications can be completed online in 10-15 minutes.
⚠️ Responsible Borrowing
Payday loans and high-cost short-term loans are expensive forms of credit. Borrow only what you can repay. If you are experiencing financial difficulty, contact a non-profit credit counselling service.
Regulated by the Financial Consumer Agency of Canada (FCAC). For Quebec residents: loans subject to Autorité des marchés financiers (AMF) regulations.
Emergency Financial Help
If you're experiencing financial difficulties, contact your local financial counseling service.
- South Africa: National Credit Regulator - 0860 627 627
- Romania: ANPC - 0213142200
- Colombia: Superintendencia Financiera - (571) 594 2222
- Poland: KNF - 22 262 5000
- Czech Republic: ČNB (Česká národní banka) - 224 411 111