Borrow Up To $1,500

Find more about Personal Loans in Canada

5-minute application and
no credit check

Excellent

Rob
Rob
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Really easy to use and quick fast with no hassle
Karie
Karie
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Very good customer service. Always friendly and helpful.
Carrie Vedan
Carrie Vedan
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You guys are always there for me when no one else is thank you!!
Ms. Emily A. Angulalik
Ms. Emily A. Angulalik
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Quick and reliable!👍👍👍
Customer
Customer
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Always incredible helpful and reliable when needed. Staff are friendly and effective.
Sharon C
Sharon C
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Focus cash loan is very easy to deal with. They're very quick with response. I cannot say enough good about them.
Happy customer
Happy customer
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Great, fast,service. Always polite if I need to call but every thing can be done online ( which I like)
Customer
Customer
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Fast and efficient customer service, I am a satisfied valued client. Thanks a lot
D. Ackles
D. Ackles
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Great service provided by great people. Always.
Customer
Customer
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Excellent service ... the only drawback is the loan limit, I wish more is provided for good citizens.
Neil
Neil
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They are very professional and helpful and provide excellent customer service.
Nancy
Nancy
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You have always been so easy to deal with. Highly recommended.
Milagros
Milagros
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Fast approval...good customer service...keep up the good work Mike. Keep safe everyone.
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Trusted Lender

Secure Application

Fast Approvals

How to get approved for Personal Loans?

1. Apply Online

Easy & Secure application with step by step guidance.

2. Get Approved

Fast loan approval process that only takes minutes.

3. Get Your Money

E-mail Transfer money transfer within 30* minutes after approval.

All Types of Income Accepted to Qualify for Personal Loans in Canada.

Employment Income

Private Disability Insurance

Child Tax Credit Benefits

CPP & Private Pension

Unemployment Insurance

Workers Compensation

Why Get Personal Loans in Canada from Focus Cash Loans?

Trusted Lender Since 2008

For the past 12 years, we have been helping Canadians to meet their short term financial needs.

Apply Online Anytime 24/7

Don't stand in line, apply for a payday loan 24/7 from the convenience of your own home or office.

All Types of Income Accepted

We not only accept employment income, but EI, child tax, private disability, workers comp & pension as well.

No Credit Check Loans

Unlike other lenders, we do not run credit checks. We have personalized approach to every loan application.

Instant Interac e-Transfers

Don't wait days, receive funds within minutes of being approved with the convenience of Interac e-Transfers.

No Hidden Fees Or Charges

100% transparency, when you get a payday loan from us, there are no hidden fees or extra hidden charges.

Let’s discuss in details all about personal loans in Canada.

Getting a personal loan in Canada has become easier since the emergence of online personal loan companies that in some instances offer instant decisions unsecured personal loans to borrowers with no credit check. Even if you have bad credit or no credit history, you sometimes can be approved for an unsecured personal loan. Please keep in mind that if you don’t have good credit history, the interest rate on your personal loan will be significantly higher since lenders that offer no credit check personal loans carry higher risks and have to charge higher interest rates to cover the costs associated with those types of loans.


What is a personal loan in Canada?


A personal loan is usually a fixed loan amount that you borrow and pay back over a period of time. The payments are made with installments on weekly, bi-weekly, semi-monthly or monthly basis. Each payment consists of principal and interest portion. Other names for personal loans include installment loans, unsecured loans. Personal loan companies usually offer larger loan amounts than payday loan companies that are limited to loans of up to $1,500 by government regulations. Personal loan amount usually ranges between $2,000 to $50,000. Some lenders offer unsecured personal loans to consumers with bad credit in Canada and offer instant decisions in some instances. Those lenders assess credit worthiness factors that are based on borrower’s banking activity as well as employment history, other than just the borrower’s credit score.


Can I get a personal loan if I have bad credit?


Yes, you most likely can get a personal loan even if you have bad credit, but only if you have good banking account activity along with steady employment. The loan limit will likely be lower and your interest rate will likely be higher. Since lender cannot qualify you solely based on your credit and your employment, you might have to provide more personal information if you have bad credit and want to get a loan. The lender will likely as you to provide your bank account activity for at least the last 90 days. If your credit rating is very poor and you have delinquent accounts along with some collections, your unsecured personal loan application might be denied. If you get denied due to very bad credit rating, then the only other option would be to get a secured personal loan or apply for an online payday loan. If you apply for a secured personal loan, then you would need to have a collateral that you can use to secure the loan. The collateral might be a paid off vehicle or a property. If you apply for a payday loan, then no collateral is required, but the loan amount will be limited to $1,500.


Do unsecured, no credit check bad credit personal loans with guaranteed approval and instant decision exist?


Personal loan companies usually rely on your past credit history to approve or deny you for a personal loan. There are some personal loan lenders that use alternative scoring methods to make their lending decisions and might approve you for a loan even if your Trans Union of Equifax scored are low, or you have no established credit history. Interest rates on those unsecured personal loans might be higher as lenders carry higher risks of defaults. Guaranteed approvals do not exist as lenders have to access your loan application before they approve or deny you for a loan. Loan decisions sometimes instant if you apply during business hours, but might take up to 24 hours depending on when you apply.


Can I get personal loan with no credit check?


If you are looking for a large personal loan that does not require any collateral, you would have to consent to a credit check. You credit rating would let the lender to assess your credit worthiness and make their lending decision based on that. There are no lenders in Canada that offer large personal loans without a credit check. If you have bad credit, you most likely will not be approved for a large unsecured personal loan in Canada. Your other options would be to secure a loan with a collateral or apply for a smaller installment loan or a payday loan.


What do I need to qualify for a personal loan in Canada?


To qualify for a personal loan in Canada, you need to have a stable source of income, bank account and a credit score above 650. Some lenders accept various sources of income such as pension, self employment or disability benefits, while others would only approve personal loan applicants who are employed full time.


What is the easiest way to get a personal loan in Canada?


The easiest and most convenient way to get a loan in Canada is to apply online. Over the last couple of years since the COVID pandemic started most lenders have moved their services online. Before applying for an online personal loan, make sure that the lender you applying with is legitimate and not a scam. Check lender’s reviews and information on third party websites to establish legitimacy of the lender. Also, check lender’s lending requirements to make sure that you qualify. Then fill out lender’s online application form and simply follow lender’s email request if any.