Installment Loans
Fixed monthly payments over a set term. Predictable budgeting for larger expenses.
Fixed Payments
Same amount every month
Flexible Terms
Pick the term that fits
Clear Payoff Date
Know when you're done
Trusted Lenders
Licensed Canadian providers
Installment loans are repaid in equal monthly installments over a fixed term. Each payment includes principal and interest, and the loan is fully paid off at the end of the term.
Unlike credit cards or lines of credit, installment loans have a clear schedule and payoff date — useful for budgeting and disciplined repayment.
Installment Loan Requirements
- Canadian resident, age of majority
- Steady income
- Active Canadian bank account
- Acceptable credit profile
- Identification
How is this different from a payday loan?
Installment loans are repaid over multiple months in fixed amounts; payday loans are typically repaid in full on the next payday.
Can I pay it off early?
Most installment loans allow prepayment without penalty, saving interest.
What terms are available?
Common terms range from 6 to 60 months depending on lender and amount.
Will it improve my credit?
On-time payments are reported to credit bureaus and help build credit history.
Can I get one with bad credit?
Yes. Some lenders specialize in installment loans for borrowers rebuilding credit.
Loan Range:
$500 - $50,000
Interest Rates:
Vary by credit profile
Term:
6 to 60 months typical
Payment:
Fixed monthly
Approval Time:
Same day to 2 days
Apply for an Installment Loan
Predictable monthly payments. Clear payoff date.