Personal Loans in Ontario

personal loans in Ontario

The cost-of-living crisis has never been more pronounced than it is in Ontario today. While Ontario is Canada’s most populous province with over 14 million residents, it also is the second-least-affordable province in the country. Many Ontarians are falling behind the cost of living, and that’s where personal loans can come in handy.

What Is a Personal Loan?

Personal loans provide you with a specific amount of money, which you must repay in full, along with applicable fees and interest, over a specified period of time.

Uses of a Personal Loan in Ontario

You can use a personal loan for almost any expense, from utilities to car repairs, medical emergencies to the cost of everyday things like gas and groceries. It’s up to you to determine whether you need a personal loan. Just make sure you can afford to repay it in a timely fashion.

For those looking to cover a major expense, a home equity line of credit (HELOC) may be advisable. Try Equity Recharge! You can borrow between $10,000 and $50,000. You will enjoy competitive rates, spend the money however you want to, and you may not have to undergo a credit inquiry at all.

Requirements for a Personal Loan

Commonly, online lenders require a proof of income, a verified bank account, and a permanent address. The applicant must be a Canadian citizen or permanent resident. OntarioCASH can connect you with lenders across Ontario. We do not carry out credit checks as part of our online application process. Even with bad credit, you can get approved for a personal loan in Ontario with OntarioCASH.

It may be useful to know your credit score and credit report. Credit Verify can help! Register online now. It’s a very easy process.

The Pros and Cons of a Personal Loan in Ontario


  • Pay for unforeseen emergency expenses
  • Pay back the money over a longer period of time than payday loans
  • Money deposited in your account in as little as 24 hours
  • May be easier to get approved for an online loan
  • No credit checks


  • If you do not make your payments on time, you may be subject to additional interest and fees
  • If you do not pay back the loan, the lender has the right to collect the money

Look at your unique financial situation and determine whether you need and/or can afford a personal loan in Ontario.

Application Process for Personal Loans in Ontario

It’s never been easier! OntarioCASH is here for you. Just submit our quick online application. We do not perform credit checks as part of our application process. You can have money deposited directly into your bank account in as little as 24 hours.


Always make sure that a personal loan is right for you. OntarioCASH is here for you. Apply online now and get connected with our network of Canadian installment lenders now.

Get up to $5,000 in as little as 24 hours

You can get up to $5,000 the same day, 100% online. 

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