Finder makes money from featured partners, but editorial opinions are our own.

7 loans like Prudent Financial Services

Looking for no credit check loans, loans for bad credit, car title loans and more? Compare these seven Prudent Financial alternatives.

Prudent Financial Services is a car title and home equity lender that offers loans in the Greater Toronto Area. So if you live elsewhere in Canada, or if you don’t qualify for funding from Prudent Financial, here are seven loans like Prudent Financial that you may like to consider.

Where to get loans like Prudent Financial Services

For bad credit: Loans Canada

Loans Canada Personal Loan
Finder Score:
★★★★★
Customer Survey:
★★★★★
Go to site Read review

Loans Canada Personal Loan

$300 – $50,000
Loan amount
9.9% – 46.96%
APR
4 - 60 months
Term
Online loan search platform Loans Canada provides access to Canada's largest network of lenders, allowing you to fill out a single loan application and then get matched with multiple lenders. Like Prudent Financial, bad credit is OK, and you can get approved within 24 to 48 hours.
  • Large lending network
  • One application to compare multiple lenders
  • Multiple loan types available
  • Options for good and bad credit
  • Not a direct lender
  • High rates for bad credit
Loan amount $300 – $50,000
APR 9.9% – 46.96%
Term 4 - 60 months
Min. credit score 300
Fees No application, origination or brokerage fees
Origination fee 0
Turnaround time Receive funds in as little as 24 hours.

For flexible payments: Cashco Financial

Cashco Financial Flex Loan
Finder Score:
★★★★★
Customer Survey:
★★★★★
Go to site Read review

Cashco Financial Flex Loan

$500 – $7,000
Loan amount
20% – 48.99%
APR
6 - 60 months
Term
Cashco Financial is an alternative lender that offers the Flex Loan. This lets you borrow $500 - $7,000 and repay over 6 - 60 months, and it's available to borrowers with all types of credit. Like Prudent Financial, Cashco reports payments to the credit bureaus, so making on-time payments can help you improve your credit score.
  • Get a loan within 24 hours
  • Bad credit is OK
  • Choose your payment schedule and loan term
  • No prepayment penalty
  • High APR
  • 10% fee applies
  • Not available in all provinces
Loan amount $500 – $7,000
APR 20% – 48.99%
Term 6 - 60 months
Min. credit score 300
Fees Up to 10% of your loan amount to set up your loan, NSF and late payment fees of $25.
Turnaround time within 24 hours

For fast funding: Spring Financial

Spring Financial Personal Loan
Finder Score:
★★★★★
Customer Survey:
★★★★★
Go to site Read review

Spring Financial Personal Loan

$500 – $35,000
Loan amount
9.99% – 46.99%
APR
6 - 60 months
Term
Spring Financial offers same-day personal loans of up to $35,000. It's quick and easy to apply online, and you can apply even if you have fair or bad credit. You then have between 6 and 60 months to repay what you borrow. Unlike Prudent Financial, Spring's loans do not require collateral.
  • Borrow up to $35,000
  • Available right across Canada
  • Bad credit is OK
  • No prepayment penalty
  • High rates if you have bad credit
  • You may be offered a credit builder loan
Loan amount $500 – $35,000
APR 9.99% – 46.99%
Term 6 - 60 months
Min. credit score 550
Fees No fees except $30 NSF fee
Origination fee N/A
Turnaround time Within 24 hours

For quick pre-approval: LoanConnect

LoanConnect Personal Loan
Finder Score:
★★★★★
Customer Survey:
★★★★★
Go to site Read review

LoanConnect Personal Loan

$500 – $60,000
Loan amount
8.99% – 46.96%
APR
3 - 120 months
Term
LoanConnect is a loan search website where you can compare loan offers from multiple lenders. You just need to fill out a single application to get your offers, and there's a wide range of loan types available. You can also get pre-approved in as little as five minutes and borrow as much as $60,000.
  • Compare multiple lenders
  • Fast pre-approvals
  • Bad credit is OK
  • Choose from secured or unsecured loans
  • Not a direct lender
  • High rates if you have bad credit
Loan amount $500 – $60,000
APR 8.99% – 46.96%
Term 3 - 120 months
Min. credit score 300
Fees No application, origination or brokerage fees
Origination fee 0
Turnaround time Receive funds in as little as 24 hours.

For no job or income requirements: KOHO

KOHO Cover

$20 – $250
Loan amount
Starting at 0%
APR
Flexible
Term
If you have a KOHO plan, you can sign up for a feature known as KOHO Cover. Cover provides interest-free cash advances of up to $250 when you need a little extra cash to help get you through to your next payday. There are no credit checks or late fees to worry about, and you have the freedom to repay your advance at any time.
  • No interest charges or late fees
  • No credit checks
  • Easy to apply
  • Get money instantly
  • Monthly fee applies
  • You may also need to pay a monthly KOHO plan fee (waivable)
  • $250 may not be enough funds for your needs
Loan amount $20 – $250
APR Starting at 0%
Term Flexible
Fees 0% interest with a subscription fee starting at $2/month
Turnaround time Immediately

For no credit check: Nyble

Nyble Credit Line

$30 – $250
Loan amount
Starting at 0%
APR
30 days, extendable
Term
Nyble offers a credit building line of up to $250. It's easy to apply and there are no interest charges or late fees to worry about, while you don't need to have a credit history to get approved. And because your loan payments are reported to the credit bureaus, you can use this small cash advance to help improve your credit score.
  • No interest charges
  • May help you improve your credit score
  • Instant funding available
  • No late fees
  • Late payments are also reported to the credit bureaus
  • $250 may not be enough for your needs
  • You'll need to pay a monthly membership fee to get instant funding
Loan amount $30 – $250
APR Starting at 0%
Term 30 days, extendable
Fees 0% interest with optional fees
Origination fee $11.99
Turnaround time 1-30 minutes with a paid membership or 1-3 business days with a free membership.

For car title loans: Get Loan Approved

getloanapproved.com Vehicle Title Loan
Finder Score:
★★★★★
Read review

getloanapproved.com Vehicle Title Loan

$1,000 – $50,000
Loan amount
9.95% – 29%
APR
12 - 72 months
Term
Get Loan Approved is a car title lender with over 25 locations across Canada as well as mobile agents in Ontario and BC. You can borrow up to $50,000 using your car as collateral, and you can apply and get funded the same day. You can also qualify for a loan even if you have bad credit.
  • No credit checks
  • Get funded within 24 hours
  • Network of agents across the country
  • Different types of income accepted
  • Only for vehicles no less than 10 years old
  • You risk losing your vehicle
  • You'll need to have your car appraised in person
Loan amount $1,000 – $50,000
APR 9.95% – 29%
Term 12 - 72 months
Turnaround time In as little as one hour

How does Prudent Financial Services compare?

You can check out our full Prudent Financial review for a detailed breakdown of what the lender offers. But for a quick rundown, check out the pros and cons of Prudent Financial Services loans:

Pros

  • Established lender that was founded in 1984
  • Same-day approvals
  • Payments reported to credit bureaus to help you build your credit score
  • No credit checks or proof of employment needed

Cons

  • High APRs of up to 45.99%
  • Watch out for loan fees
  • Only in Ontario
  • You need to provide your vehicle or home as collateral

Features of loans like Prudent Financial Services

  • Loan amount. Borrow up to $50,000 with a car title loan or up to $500,000 by borrowing against your home equity.
  • Repayment terms. You can repay a Prudent Financial loan over a term ranging from 6 to 48 months.
  • APR. The maximum APR on a Prudent Financial loan is 45.99%.
  • Fast access to funds. Prudent Financial Services offers same-day approvals (within 30 minutes for car title loans) and you can get funded in as little as 48 hours.
  • No credit checks. You won’t need to complete a credit check during the application process, so bad credit won’t stop you from getting a loan.
  • Payments reported to credit bureaus. Prudent Financial Services reports payments to the credit bureaus, so making on-time payments could help you improve your credit score.
  • Early repayment allowed. You can pay your Prudent Financial car title loan back early without penalty.

What do I need to watch out for?

  • High APRs. Car title loans from Prudent Financial Services come with a maximum APR of up to 45.99%.
  • Loan fees. You’ll need to read the fine print closely for details of any fees that apply to your loan.
  • Risk losing your asset. You’ll need to provide your vehicle or home equity as collateral for the loan, so you risk losing your asset if you default on the loan.

How does Prudent Financial Services work?

Prudent Financial Services offers two types of loans:

  • Car title loans. This type of loan requires you to provide a vehicle you own as collateral. You can borrow up to $50,000, you get to keep using your car, and you can pay back what you borrow at any time without penalty.
  • Home equity loans. If you have at least 50% equity in your home, you can take out a loan for up to $500,000. You can get approved and funded within 48 hours.

Is Prudent Financial Services legit?

Prudent Financial Services is a Toronto-based lender that was founded in 1984. Though it is not Better Business Bureau accredited, it has received hundreds of online customer reviews and maintains an active social media presence. Its website also features everything you’d expect to find on the site of a legit provider, including phone and email contact details, a physical address and a privacy policy.

Summary of Prudent Financial reviews

While it has received some mixed feedback, Prudent Financial reviews tend towards the positive. Customers who left positive reviews mentioned factors such as quick and easy applications and funding as well as helpful customer support.

However, those who left negative reviews complained about the fees associated with loans.

Bottom line

If you’re searching for loans like Prudent Financial in Canada, there are several alternatives worth checking out. Make sure you understand how much your loan will cost before applying, and compare a range of lenders to find one that’s right for you.

Frequently asked questions

Leanne Escobal's headshot
To make sure you get accurate and helpful information, this guide has been edited by Leanne Escobal as part of our fact-checking process.
Tim Falk's headshot
Written by

Writer

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. See full bio

More guides on Finder

Go to site