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Top 5 Canadian Cash Loans Companies 2023 - Find the Best Online Cash Loan Services
IPL Reviews ® | Published Today | Verified By Katie Connor
Taking out a loan is often a necessary part of buying a car, but finding the right loan can be complicated. Whether you’re buying or refinancing, one of the best ways to get a good loan is by comparing offerings from multiple lenders. But don’t worry, we will help you find the best Canadian cash loans companies that suit your needs.
GOOD NEWS: We did all the research and testing for you. We will help you find the best Cash Loan Company in the online market today.
ATTENTION: You want to avoid car loan companies that have a high-interest rate, long loan terms, low credit score, extra fees, and getting you stuck on their contract.
What Is a Cash Loan?
A cash loan is a short-term installment loan you can use to cover an unexpected expense or emergency. Installment loans have a fixed interest rate and a pre-determined length, anywhere from a few months to a few years. You’ll receive the money in one lump sum then pay it back with regularly scheduled payments.
Many people use cash loans to cover unexpected expenses, like a medical bill. Others use them to consolidate their debt into one payment, cover the down payment on a car, or pay for home repairs.
How much can you borrow with a cash loan?
It depends on the lender but generally amounts range from a few hundred to several thousand dollars. Some loan approval amounts range from $500 to $5,000, depending on your state.
GOOD NEWS: Getting a cash loan doesn’t have to be complicated. There are ways you can borrow and get your next loan.
5 Benefits Of Taking Out A Cash Loan:
Borrow Now, Pay Later
Fast and Easy
Save Time & Efforts
100% Secured
Proven and Reliable
How To Get The Best Cash Loan:
Keep a Steady Payment – A cash loan could be a good fit for you if you need to borrow a larger amount. Cash loans are also a good option if you need more than a few weeks to pay the loan back, and prefer to make regular, steady payments.
Be Smart – You can avoid being upside down by making a significant monthly payment. We recommend that you have a down payment of at least 15 percent of the total loan cost.
Our Research
We performed 12-weeks of website testing, looked at customer feedback, and their customer service response. This leads our team to find the top 5 Canadian cash loans companies.
Our top 5 choices are based on 5 key metrics. Company history, customer feedback, client's safety, reliability, and security.
Our #1 pick had the best approval rating, and quickest time to get a cash loan online. No one else came even close!
Top 5 Canadian Car Loan Companies 2023
Our #1 Top Pick For 2023
Advertising Partner | LOANZ
★★★★★
Our Rating: Top Pick 2023
LOANZ will approve you in a matter of minutes online. You will get a bank E-transfer within 15 minutes after your approved.
***PRO TIP*** Apply for the lowest loan first to get approved. We recommend $1,000 – $1,500 to start. Then after your approval, you can apply for to up $15,000. You can thank us later!
Pros
Our top pick for 2023 - We tested and researched 17 different cash loan companies.
Better Rates - You will get the lowest loan rates online. They can not be beat.
Low Payments - Loanz beats multiple lenders anywhere in Canada. This means you can get the lowest monthly payments.
You're Approved - They accept everyone. Bad credit or no credit. They can not be beaten.
Online E-Transfer - After you are approved, you get a E-Transfer within 15 minutes!
100% Secure - Loanz is the biggest and most secure lending network in Canada trusted by millions.
Cons
Only available in Canada.
The "Canadian Cash Loan Assistance Program" ends at the end of the month.
Application and services offered by Loanz.com are governed by the LendingArch Financial Inc. General Terms of Service and additional terms and conditions or written agreements applicable to specific products and services presented during the application or ordering process. Loanz.com privacy practices are explained in the LendingArch Financial Inc. Privacy Policy.
12 to 60 month terms | 29.9% or 46.9% APR. Loans from $1,000 to $15,000. For example, a $4,500 loan paid in 36 monthly installments is $234.98 per month based on a 46.90% APR.
Advertising Partner | Loan Connect
★★★★
LoanConnect is a reputable online loan platform that matches you with lenders based on your unique profile. Fill in your details in a simple online application and see your matches right after submitting.
Advertising Partner | Loans Canada
★★★★
Loans Canada is a broker with the largest lender network in Canada. Fill out 1 application to get matched with lenders who can potentially finance you. If you have poor credit, you can apply.
Advertising Partner | goPeer
★★★★
Borrowers with a credit score above 600 can apply for a goPeer loan. This online peer-to-peer lender aims to provide the most competitive interest rates to creditworthy Canadians.
Advertising Partner | MOGO
★★★★
Mogo has a simple online application you can fill out within minutes. Get pre-approval within 3 minutes and see your loan offer without impacting your credit score. Mogo also aims for same-day approval and funding.
Advertising Partner | LOANZ
★★★★★
Our Rating: Top Pick 2023
Loanz.com can approve in a matter of minutes!
you can get approved fast through the LendingArch network of Dealers across Canada. Loanz.com finance network specializes in assisting people with all types of loans. You can visit the official website and take the quick quiz now.
17 Canadian Cash Loans Companies reviewed:
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Cash Money
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LoanAway
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goPeer
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Bank of America
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Mogo
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iCash
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FlexMoney
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Capital One
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SkyCap
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Loans Canada
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FairStone
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LoanConnect
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LOANZ
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Auto Loans
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Debt.ca
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PrestoCash
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ConsumerCapital
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Spring
IPL Reviews is a for-profit company. Our partners pay to be accredited and we may earn money from them or other companies on our site when you complete a form, make a call, or click on a link.
We rate the brands featured below based on our reviewer's findings, user experience, provider popularity, and advertising fees combined with conversion rates.
*Disclaimer: We are able to provide you with our free online comparison tool thanks to referral fees we receive from a number of companies that are compared and reviewed on our website. We do not review all products in a given category. We are independently owned and operated and all opinions expressed on this site are our own. Results may vary. The information on this site is not intended or implied to be a substitute for professional medical advice, diagnosis, or treatment. All content, including text, graphics, images, and information, contained on or available through this website is for general information purposes only. You are encouraged to confirm any information obtained from or through this website with other sources, and review all information regarding any health or medical condition, concern, diagnosis, or treatment with your primary care physician, or another licensed or appropriately credentialed health care worker or medical professional. This site makes no representation and assumes no responsibility for the accuracy of the information contained on or available through this website, and such information is subject to change without notice.
Application and services offered by Loanz.com are governed by the LendingArch Financial Inc. General Terms of Service and additional terms and conditions or written agreements applicable to specific products and services presented during the application or ordering process. Loanz.com privacy practices are explained in the LendingArch Financial Inc. Privacy Policy.12 to 60-month terms | 29.9% or 46.9% APR. Loans from $1,000 to $15,000. For example, a $4,500 loan paid in 36 monthly installments is $234.98 per month based on a 46.90% APR.