Cash Loans Canada

Need a Cash Loan? Get Pre-Approved in as little as 60 seconds.

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Last updated on July 13, 2019

Getting A Cash Loan From LoanConnect Is Easy

LoanConnect is your one-stop solution for cash loans. We partner with private lenders across Canada so we can provide you with the best rate. We help thousands of Canadians find the best loan from $1,000 to $50,000 by searching our database and presenting them with the best options. You can take back control of your finances by filling out a quick loan application. Within seconds, you will have a list of loan options at your fingertips.

Our lenders are ready to loan Canadians with bad credit. Don't let your credit score stop you from getting the freedom you deserve. Personal loans have a variety of applications, and you can use the money however you wish. Apply today!


Our loan application is fast & secure. If you work or own a home, you're approved.


Once you've answered a few short questions, you'll receive pre-approval(s) in 60 seconds.

Choose Your Loan

You will be presented with a list of the top loan offers, pick a loan that best suits your needs.

Get Your Cash

Finalize all the details with your chosen lender to receive your funds as soon as the same day.

Applying For A Cash Loan With LoanConnect
Will NOT Impact Your Credit Score.


Cash Loans For Every Aspect of Life

Cash Loans, What Are They?

A cash loan is precisely what it sounds like, it's a loan that offers you cash to spend on whatever you want or need. Unlike item-specific loans, like a mortgage or an auto loan, a cash loan doesn't have the same restrictions on how the money can be used. It is also usually a short term loan, with repayments terms as short as 6 months.

The Most Important Thing About A Cash Loan

The most important thing about a cash loan is that you should have a plan to pay it back easily and on time. If you're able to get a good credit loan, you can use that same loan to improve your credit. You can improve your interest rate or terms next time by making sure that you pay off your loan on time this time.

What Can I Use A Cash Loan For?

As with most loans, you should try to use it for something that you are willing to make payments for. Things like home renovations, car repairs, debt consolidation, medical expenses, vacation, even Christmas presents to name a few.

Top reasons why people get cash loans:

  • Home Renovation - Sometimes the need for a new roof or a window replacement can't wait until it fits in your budget. A cash loan is perfect for this situation.
  • Auto Repair - If your car breaks down, you can find yourself unable to get to work or school. A cash loan can help get your car fixed so you can get back to your life.
  • Home Appliances - If the refrigerator or the furnace breaks down, it can be a huge investment. A cash loan is a great way to get a new appliance and have some extra time to pay for it.
  • A Tough Time - Sometimes we just find ourselves behind on bills or the business is closed for a week and you're not getting vacation pay. This is a great time for a cash loan.
  • Support Your Business - Many businesses are seasonal. When things are great, everything is fine, but there are still bills in the lean months. A cash loan can float a business over these months easier and with less stress.

What Is My Interest Rate?

Ultimately all interest rates are set by the lender and are determined based on your credit history. Lenders will check your credit report from credit agencies like TransUnion and Equifax and determine your rate accordingly. However, they all usually follow similar guidelines:

  • Start with the Prime Rate - This is the cost that banks pay the central bank to borrow money. It ultimately influences all lending rates.
  • Add to the Prime Rate - You might see something like prime plus 1.5%. If the prime rate is 4%, the company will charge 5.5%.
  • Adjust for Credit Rating - Your credit rating doesn't only decide whether you get a loan, it also helps the loan company decide what interest rate to charge. Essentially, the lower your credit rating, the higher the risk and therefore, the higher the interest rate.

What If I Have A High-Interest Loan?

The short answer is to make your payments on time, but there are a few things you can do to reduce the amount that the interest really costs you.

  • Make double payments - Pay twice the amount that your payment is scheduled for. Paying double will reduce the interest cost signifcantly and ultimately save you money. Most loans don't punish you for making payments early.
  • Make two payments per month - One of the easiest ways to reduce the interest cost is to make two payments every month. Many of us get paid bi-weekly, so instead of making the whole payment at once, align them with each paycheque. Since there are 52 weeks in a year, and you are paying bi-weekly 26 times, you will effectively pay two additional monthly payments yearly.

A bit of extra effort will not only reduce your expenses but improve your credit rating and eventually many aspects of your life.

Whether you need a short-term cash loan to carry you over a tough period or make an emergency repair, it can also be a springboard to a better life. LoanConnect is your partner in finding the right loan to fit your needs and your life.

How Is LoanConnect Different?

Unlike your bank, an online cash loan from LoanConnect is easy to get and allows you the freedom of how you use the money.

LoanConnect is a loan provider that looks at your future, not your past. Bad credit should not be a permanent stop to getting the loan that you need. We work with your current situation to determine how we can help you get the money you need and improve your future situation.

It's a quick four-step path:

  1. We partner with lenders across Canada who service customers in all credit situations.
  2. You complete our application in less than 5 minutes to see which lenders you're pre-approved for and at what rates and terms.
  3. Pick the loan that best fits your needs and wants. The payment periods are 3 to 60 months with rates as low as 6.99% APR.
  4. Get your money as soon as the same day.

Why Should I Choose LoanConnect?

LoanConnect is one of Canada's leading rate comparison platforms. We don't make loans, we gather resources from all over the country so that you can get the best rates and the best terms for your personal loan.

Customer service is at the core of our success. We work hard to get you the loans that will be the most beneficial to your financial health at the best rates and terms available.

Since we don't actually make the loans, we give you an unbiased and complete list of the companies that can give you the money that you need. You can choose the offer that suits your needs best.

Get a Variety of Loan Options At You Fingertips





*APR ranges from 6.99% to 46.96%, and loan repayment terms range from 3-120 months. As an example, the total cost of borrowing a $2000 unsecured personal loan at 29.96% for 24 months is $2685.12, or $111.88 monthly. Additional administration fees may apply and vary by lender. Annual Percentage Rate (APR), loan term and monthly payments shown are estimated based on information you provide and that which is made available from our lender network. Terms are subject to final credit review and approval, and interest rates are subject to change at any time and may vary by province. Fees may apply and vary by province/territory, and may include insurance, administration, home valuations and other applicable fees. Be sure to review the lender’s Terms and Conditions and all available loan documents carefully before proceeding.
**Auto loan APR starting as low as 4.99% with loan repayment terms between 72 and 84 months.