Personal Loans - Fast & Flexible Financing
Borrow $1,000 to $50,000 for any purpose. Get approved in minutes with rates from 9.99% APR. Funds deposited within 24 hours.
24-Hour Funding
Money in your account within 24 hours
From 9.99% APR
Competitive rates for all credit types
No Hidden Fees
Transparent pricing, no surprises
Flexible Use
Use funds for any personal expense
Personal loans are unsecured loans that provide Canadians with lump-sum financing for virtually any purpose. Unlike auto loans or mortgages tied to specific purchases, personal loans give you the freedom to use the funds however you need.
Because personal loans are unsecured (no collateral required), they're faster to obtain. You can typically get approved within 24 hours and receive funds the same or next business day. Rates range from 9.99% to 46.96% APR depending on credit profile.
Personal Loan Requirements in Canada
- Age: At least 18 years old (19 in some provinces)
- Residency: Canadian citizen, permanent resident, or valid work permit
- Income: Proof of steady income (employment, self-employment, or benefits)
- Bank Account: Active Canadian bank account for fund deposit
- Credit Check: Soft check for pre-approval (no credit impact)
How fast can I get a personal loan in Canada?
With Loan Beaver, you can get approved within minutes and receive funds within 24 hours. The entire process typically takes less than 24 hours.
Can I get a personal loan with bad credit?
Yes. We work with lenders who specialize in bad credit personal loans. Approval is possible with steady income, though rates are typically higher.
What documents do I need?
Most lenders require government-issued ID, proof of income (pay stubs or bank statements), proof of address, and banking information. The application is fully online.
How much can I borrow?
Personal loans in Canada range from $1,000 to $50,000. Your eligible amount depends on income, credit score, and existing debts.
Is a personal loan better than a credit card?
Often yes. Personal loans typically have lower rates than credit cards, with fixed monthly payments and a clear payoff date.
Loan Range:
$1,000 - $50,000
Interest Rates:
From 9.99% APR
Repayment Terms:
6 to 84 months
Approval Time:
As fast as 5 minutes
Funding Speed:
24 hours or less
Apply for Your Personal Loan
Secure online application. Instant decision. Money in 24 hours or less.