$750 loans in Canada with fast funding

If you’re looking for a $750 loan, there are plenty of options available. Even if your credit history is less than perfect, there are lenders that offer $750 loans with no credit checks and lenient eligibility criteria.

But high interest rates and fees may apply, so compare your options to find the best value.

Jump to:

• Get a $750 personal loan
• Get a $750 payday loan

Compare $750 personal loans

Compare $750 payday loans

Where can I get a $750 loan?

You typically won’t be able to get a $750 loan from a bank, as the minimum amount available on a bank personal loan is typically $2,000 to $5,000. The good news is that there are three other types of lenders that offer $750 loans in Canada.

Payday lenders

Payday lenders offer fast access to loans of up to $1,500. You can apply online or in-store, and you can get approved and funded within minutes. Some lenders even approve and fund loans 24/7 and do not do credit checks.

However, payday loans have short repayment periods and are very expensive, so consider a range of options before deciding if this is the right type of loan for you.

Related: Best payday loans in Canada

Alternative lenders

A wide range of online lenders offer small installment loans, with loan amounts starting from $500. If you get a $750 installment loan from an alternative lender, you’ll find that they have more lenient eligibility requirements than traditional lenders. They also offer fast approval and funding, but you’ll need to watch out for steep interest rates and brokerage fees.

Related: Best installment loans in Canada

Credit unions

Some credit unions also offer small loans, such as the Vancity Fair and Fast Loan or the Servus Credit Union Fast Forward Small Loan. Loan amounts start around the $200 mark, they offer approval and funding within hours, and they often don’t require a credit check. These small loans are typically designed for borrowers looking to get their finances back on track, so approval is based on your income rather than your credit score.

Related: Small loans in Canada

Can I get a $750 loan with bad credit?

Yes, you can. Bad credit won’t stop you from qualifying for a $750 loan from payday lenders, alternative lenders and certain credit unions.

These lenders will focus on your income and existing debt levels to determine your ability to repay a loan. As a result, your credit score won’t be a major factor.

But these lenient eligibility criteria come at a price. Bad credit loans come with steep interest rates and high fees, so make sure you’re aware of the total cost of repaying your loan before you sign up.

Dive deeper: Best bad credit loans in Canada

Can I get a $750 loan with no credit check?

Yes, it’s also possible to qualify for a $750 loan with no credit check. Payday lenders, alternative lenders and a few credit unions all offer no credit check loans. Rather than judging your application based on your credit score, they will check your income to work out if you can afford to repay a loan.

Once again, no credit check loans in Canada come with high interest rates and potentially brokerage fees, so you’ll need to be prepared to repay significantly more than you borrow.

Steps to apply for a $750 loan

You can get a $750 loan in Canada by completing the following steps.

1. Compare lenders and loans

It’s essential that you only apply for loans from legitimate lenders, so the next step is to make sure any lender you’re considering is properly registered and licensed. You can also look for other signs a lender is reputable, such as Better Business Bureau accreditation or positive reviews from real customers on legitimate review sites, and watch out for the warning signs that indicate a personal loan scam.

Then you can start comparing loans to check the APR, any fees that apply, the loan term and total cost to repay. If the lender offers personal loan pre-approval without affecting your credit score, this will give you a rough idea how much a loan will cost and make it easier to compare loans across lenders.

2. Submit an application

When you find the right loan, it’s time to apply. While credit unions and some lenders operate physical branches, most allow you to apply online. Provide your name, contact details and bank account information, plus upload proof of ID and provide income information. Some lenders also offer loans with no documents required.

3. Review the loan offer

If you’re approved, read over the loan contract closely before you sign. This will let you know how much your repayments will be and ensure that there are no surprises down the road.

4. Get funded

Some lenders offer funding within minutes, but you can generally expect to get your money either the same day or next day via Interac e-Transfer or direct deposit.

How do I get fast approval on a $750 loan online?

There are multiple online lenders that offer instant loans in Canada. These lenders approve and fund loans 24/7 using automated systems, so you can apply and get cash whenever you need it.

Many of these lenders also offer online bank verification. This process allows them to access your bank statements electronically, allowing them to assess your income without you having to upload any documents. This in turn makes the approval process quicker, which means there’s less time to wait before the money is in your pocket.

If you need money urgently, it’s also a good idea to look for a lender that has staff on hand to manually process applications 24/7. This will ensure that if your application needs extra attention, for example if you’ve recently started a new job, you can still access fast approval.

How much is a $750 loan?

If you want to get a better idea of how much your repayments will be on a $750 loan, let’s look at the example of a $750 payday loan, bad credit installment loan or credit union loan in BC.

	$750 payday loan	$750 bad credit installment loan	$750 loan from a credit union
Rate	$15 for every $100 borrowed	22% + $225 broker fee	19%, no fees
Term	14 days	3 months	3 months
Repayments	1 full payment of $862.50	$154.77 payment every 2 weeks	$110.28 payment every 2 weeks
Total cost	$862.50	$1,006.02	$771.99
APR	391%	231%	19%

What are the downsides of $750 payday loans?

There are a few key disadvantages to be aware of before deciding whether you should apply for a $750 payday loan.

• High fees. Payday loans are expensive. Provincial regulations limit how much a lender can charge you to take out a payday loan, but these vary from $14 to $17 for every $100 borrowed depending on where you live.
• Short repayment terms. Payday loans are typically designed to be repaid on your next payday, so you only have a very short period of time to pay back what you borrow. This in turn makes it easy to get trapped in a cycle of debt, so a payday loan should be a last resort.
• Sketchy lenders. The payday lending space also attracts more than its fair share of illegitimate lenders. Make sure any lender you consider is licensed to provide payday loans where you live, and check that they follow the payday lending regulations in your province. Also watch out for signs of a payday loan scam, such as requiring you to pay an upfront fee.

How else can I borrow $750?

• Line of credit. A line of credit gives you access to a pre-determined amount of credit, and you can withdraw funds up to your limit whenever you want. Interest is only charged on the money you withdraw, and you’ll often get a lower interest rate than on a bad credit installment loan, but you’ll need to watch out for any fees that apply.
• Credit card cash advance. A credit card cash advance provides quick and easy access to a portion of your credit card limit. It’s a convenient way to get cash in your pocket and may have a lower interest rate than a bad credit loan, but cash advance fees and limits apply.
• Car title loans. If you own a vehicle, a car title loan lets you borrow as much as 50% of its value. This size of loan may be larger than you need, however, and you also run the risk of having your car repossessed if you default on the loan.
• Get a cosigner. Applying for a personal loan with a cosigner can help you access larger loan amounts and lower interest rates. But you’ll need to find someone with excellent credit who is willing to cosign your loan, plus deal with any strain it places on your relationship.

Bottom line

If you need a $750 loan, there are several options to choose from — even if you have bad credit. But steep interest rates, extra fees and short repayment terms can make them risky options, so make sure you know exactly what you’re getting yourself into before you apply. You’ll also need to compare a wide range of lenders and loans to find the $750 loan that’s right for you.

Dive deeper: Have time? Compare 35+ personal loans

Frequently asked questions

• Can I get a $750 personal loan from a bank?

  No. Bank personal loans usually have minimum loan amounts of $2,000 – $5,000. However, some credit unions and alternative lenders offer $750 loans in Canada.

• How much can you get from a payday loan in Canada?

  The maximum amount you can borrow with a payday loan is $1,500. However, some provincial laws restrict the amount you can borrow based on your income. For example, if you're an Ontario resident, you're allowed to borrow $1,500 or up to 50% of your net income.

• How do I borrow $750 fast?

  If you apply for a payday loan with a 24/7 lender, it's possible to get approved and funded within minutes. If you apply for a bad credit installment loan from a lender that offers online bank verification, you can get same-day or next-day funding on a $750 loan. Learn more about same-day loans.

• Can I get no-refusal $750 loans in Canada?

  No. Be very wary of any lender that promises guaranteed approval as this could be a sign of a scam. A lender will need to assess your income before deciding whether you can afford to repay a loan. Read our guide to no-refusal loans.