Bad Credit Loans
Specialized lenders that work with all credit profiles. Income-based approvals available.
All Credit Profiles
Bankruptcy, collections, proposals
Income-Focused
Income matters more than score
Rebuild Credit
On-time payments help your score
Trusted Lenders
Licensed and regulated
Bad credit loans are designed for borrowers with low credit scores, bankruptcy, consumer proposals, or limited credit history. Lenders focus on your current income and ability to repay rather than past credit issues.
Used responsibly, a bad credit loan can be a stepping stone to rebuilding your credit profile over time.
Bad Credit Loan Requirements
- Canadian resident, age of majority
- Steady source of income (including benefits)
- Active Canadian bank account
- Identification
- Realistic borrowing amount within your budget
Will I be approved with very low credit?
Possible. Approval is based largely on income and ability to repay. Each lender has its own threshold.
How high are the rates?
Higher than prime loans — often 19-46.96% APR. Compare offers carefully and borrow only what you need.
Will this hurt my credit?
A hard inquiry can dip it slightly. On-time payments will help over time.
Can I get a loan after bankruptcy?
Yes. Some lenders specialize in post-bankruptcy borrowers; rates and amounts depend on time since discharge.
Are these loans secured?
Both options exist. Secured loans often have lower rates but require collateral.
Loan Range:
$500 - $50,000
Interest Rates:
19-46.96% APR
Term:
6 to 60 months typical
Focus:
Income and ability to repay
Approval Time:
Same day common
Apply for a Bad Credit Loan
All credit profiles welcome — approval based on income.