Loans like OppLoans in Canada

Bad credit loan provider OppLoans doesn't offer funding in Canada, but these lenders do.

OppLoans is a US-based online lender that offers personal loans from $500 to $4,000 for poor credit borrowers. Its rates vary from state to state but can run around 160%–179% APR. While high compared to other personal loan providers, this is cheaper than you’d usually get with payday loans, which typically offer APRs exceeding 300%.

Is OppLoans in Canada?

Unfortunately, OppLoans doesn’t accept loan applications from Canada. But here’s a list of Canadian lenders like OppLoans along with rates, fees and terms to help you narrow down your options.

Loans Canada

$300 – $50,000
Loan amount
9.9% – 46.96%
APR
4 - 60 months
Term
Loans Canada lets you skip the hassle of submitting multiple loan applications to many lenders. Provide basic information, and get matched with lenders that work with borrowers who have your financial profile. Loans Canada's partner network is extensive, and the platform is completely free to use. Plus, bad credit doesn't have to hold you back from getting funds.
  • Largest lending network in Canada
  • Easily compare offers with one application
  • Loans for good and bad credit
  • Multiple loan types available
  • Not a direct lender
  • High rates for bad credit
  • Credit check might be required
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
Turnaround time Receive funds in as little as 24 hours.
Serviced provinces All of Canada

LoanConnect

$500 – $60,000
Loan amount
8.99% – 46.96%
APR
3 - 120 months
Term
Another loan search platform on our list, LoanConnect helps you narrow down lenders with just one application. Apply online for secured and unsecured funding, and get pre-approved in minutes. Good and bad credit applicants are welcomed.
  • Fast pre-approval
  • Secured and unsecured loans
  • Options for good and bad credit
  • Not a direct lender
  • High rates for 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
Turnaround time Receive funds in as little as 24 hours.
Serviced provinces All provinces

Spring Financial

$500 – $35,000
Loan amount
9.99% – 46.99%
APR
6 - 60 months
Term
Spring Financial steps in where banks and credit unions stop, providing personal loans to borrowers who don't meet traditional income and credit score requirements. You can apply entirely online, and there are no fees for early repayment. Note that if you don't qualify, you may be offered The Foundation loan, a credit building loan that isn't disbursed until you finish making upfront payments with interest.
  • High-risk applications are okay
  • Flexible loan amounts from $500 to $35,000
  • No early repayment fees
  • Interest rates of up to 46.99% for bad credit
  • You may be offered a credit builder loan (The Foundation loan) instead of a personal 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
Turnaround time Within 24 hours
Serviced provinces All of Canada

easyfinancial

$500 – $100,000
Loan amount
9.99% – 35%
APR
9 - 240 months
Term
easyfinancial is an option for borrowers with good and bad credit, including those who are new to Canada. Applying for secured and unsecured funding is quick, and flexible repayment options are available. If you apply with a co-applicant, you could qualify for a 2% rate reduction.
  • Fast application, approval and funding
  • Secured and unsecured loans
  • 2% rate reduction with a co-applicant
  • Low or no credit is okay
  • Steep rates for bad credit
  • Extra fees for optional services (i.e. loan insurance and Credit Optimizer)
Loan amount $500 – $100,000
APR 9.99% – 35%
Term 9 - 240 months
Min. credit score 300
Fees you may come across non-sufficient funds fees, late payment fees, missed payment fees or admin fees
Turnaround time Approval within 30 minutes
Serviced provinces all provinces

Mogo

$500 – $35,000
Loan amount
9.9% – 46.96%
APR
6 - 60 months
Term
Like OppLoans, Mogo lets you find out what you qualify for online without impacting your credit score. It takes minutes to get pre-approved. The best part? If you change your mind after receiving a loan, simply return the principal within 100 days, and you'll get back any money you've paid in interest and fees.
  • Easy application and funding
  • Pre-approval without impacting your credit
  • 100-day free trial
  • Potentially high interest rates
  • Not available in every province or territory
Loan amount $500 – $35,000
APR 9.9% – 46.96%
Term 6 - 60 months
Min. credit score 600
Fees Non-sufficient funds fee of $20 to $50
Turnaround time Within 24 hours
Serviced provinces BC, AB, SK, MB, ON, NB, NS, PE, NL, YT, NT, NU

LoansLoans.ca

$500 – $1,000
Loan amount
28% – 32%
APR
3 - 12 months
Term
Looking for short-term loans with no credit check and fast funding? LoansLoans.ca could be right for you. You can get approved and receive funds in less than 24 hours. Bad credit isn't a barrier to getting approved, and you don't need to provide any collateral.
  • Approval and funding within 24 hours
  • Bad credit accepted
  • No collateral required
  • No early repayment penalties
  • Brokerage fee applies
  • Self-employment income not accepted
Loan amount $500 – $1,000
APR 28% – 32%
Term 3 - 12 months
Min. credit score 300
Fees Late payment fee (2.66% per month), $45 NSF fee, broker fee
Turnaround time Receive funds in less than 24 hours
Serviced provinces All of Canada (except Manitoba)

24Cash

$500 – $850
Loan amount
Starting at 23%
APR
90 - 120 days
Term
An alternative to short-term loans, 24Cash connects borrowers with short-term installment loans from among the company's network of partner lenders. No credit checks or documents are necessary. Depending on when you apply, it's possible to get approved and funded the same day. Loan amounts are small, starting at just $500 for first-time borrowers, but that's one of the reasons why it's easy to get approved.
  • No credit check
  • Easy online application with instant bank verification (no documents required)
  • Approval and funding within 24 hours
  • Broker, not a direct lender (broker fee applies)
  • Small max loan amount of $850
  • Short repayment term
Loan amount $500 – $850
APR Starting at 23%
Term 90 - 120 days
Fees broker fee of up to $225
Turnaround time Within 24 hours
Serviced provinces Canada-wide except Manitoba, Quebec and Saskatchewan

How does OppLoans compare?

OppLoans might be worth considering for US borrowers who don’t qualify for a personal loan due to bad credit. But with APRs of up to 179%, OppLoans is more expensive than a cash advance, which usually doesn’t come with finance fees or interest.

But if you have poor credit and need more money than cash advances offer, loans like OppLoans are generally cheaper than payday installment loans, and you can potentially borrow up to $4,000 or more.

OppLoans only requires a soft credit check to qualify, which doesn’t affect applicants’ credit scores. This is also true of some of the lenders on our list of OppLoans alternatives.

Customers give OppLoans mostly positive reviews online. However, some report dissatisfaction with high interest rates and inefficiencies in the application process.

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Stacie Hurst is an editor at Finder, specializing in loans, banking, investing and money transfers. She has a Bachelor of Arts in Psychology and Writing, and she has completed FP Canada Institute's Financial Management Course. Before working in the publishing industry, Stacie completed one year of law school in the United States. When not working, she can usually be found watching K-dramas or playing games with her friends and family. See full bio

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Kat Aoki was a personal finance writer at Finder, specializing in consumer and business lending. She’s written thousands of articles to help consumers make better decisions on their home loans, bank accounts, credit cards, cryptocurrency and more. Kat is well versed in working with leading brands in the real estate, mortgage and personal finance industries, and her expertise has been featured on Forbes Advisor, Lifewire and financial comparison sites like iSelect and realestate.com.au. She holds a BS in business administration from California State University, Sacramento and enjoys hiking and yoga in her spare time. See full bio

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