Personal loans in Canada: amounts, terms and costs
CréditFina offers personal loans from $250 to $1,500 to Canadian residents aged 18 or older who have a regular income. You make your request online, we do not check your credit history, and if your request is approved, you receive your funds by e-Transfer in less than 24 hours.
CréditFina is a Canadian company that offers a surety bond service and works with financial partners to offer flexible lending solutions. Guarantee fees apply: $185 to $905, adapted to the amount endorsed (details below).
Amounts and repayment terms
You choose an amount from $250 to $1,500. The repayment term depends on that amount, and the application form shows it next to each amount:
| Amount | Repayment term |
|---|---|
| $250 | 2.5 months |
| $300, $400 or $500 | 3 months |
| $750 or $1,000 | 4 months |
| $1,500 | 5 months |
What a CréditFina loan costs
Guarantee fees, adapted to the amount endorsed, range from $185 to $905, and no prior payment or advance is required when you sign the contract. Receiving your money by e-Transfer costs nothing extra. For the details of the total fees that apply to the amount you want, call us at 1-888-237-7938 or write to info@creditfina.ca.
Our loans are designed to provide temporary help. Interest rates are generally higher than those offered by traditional banks. Taking out several short-term loans at the same time can lead to significant debt.
Who can request a CréditFina loan
To make a request, you must:
- be at least 18 years old;
- be a Canadian resident;
- have a regular, verifiable income that shows your ability to repay, whether from employment, a pension, a government benefit or another verifiable source;
- have an active bank account to receive the funds.
We do not check your credit history. Each request is evaluated individually, so meeting these conditions does not guarantee approval. Not working right now? Our guide to loans for the unemployed explains your options.
From your request to your funds
- Choose your amount and complete the two-step online form in less than 2 minutes. It asks for your personal information, address, employer, source of income, next pay date and pay frequency, and a reference.
- Our team reviews your request, and you receive a quick decision.
- If your request is approved, you sign your contract electronically and receive your funds by e-Transfer in less than 24 hours.
You can make a request online 24 hours a day, 7 days a week. Our team is available Monday to Friday, from 8:00 a.m. to 6:00 p.m.
Already a CréditFina client?
Generally, once you have repaid your current loan according to the agreed terms, you can consider renewing it if you need additional funds. Renewal terms depend on your loan contract. To renew, sign in to your client area.