Can you get a personal loan from a private lender in Canada? Yes! We provide personal loans to British Columbia and Alberta residents without conducting a credit check. If you earn more than $4,000 per month and have had a job for at least three months, then you are an eligible candidate for a personal loan of up to $50,000.
As a private lender in Canada providing personal loans, we sub-specialize in the following:
- loans for professionals with bad credit – loans for healthcare professionals, engineers, lawyers, teachers and others who have bad credit
- divorce loans – loans to pay expenses related to a divorce, including legal fees
- loans to pay off a judgement – loans to pay a creditor who has secured a judgement against a borrower
- down payment loans – loans to provide down payment funds on properties, vehicles and more
- bicycle loans (Vancouver only) – loans to purchase a bike
- loans for people with no credit history – loans for those who don’t yet have a credit history
- loans for immigrants in Canada – loans for newcomers to Canada
- emergency loans – loans for when you need emergency cash ASAP
We lend to people with bad credit
Our quick personal loans are available to people with bad credit in Edmonton, Calgary, Red Deer Vancouver, Burnaby, Richmond and elsewhere in Alberta and BC. You don’t have to worry about having bad credit, since we don’t check credit at all. However, you’ll need a minimum income of $4,000 per month to apply.
Do all Canadian private lenders provide unsecured personal loans?
No, not all private lenders in Canada offer unsecured personal loans. Many require a mortgage as security. This can be a significant roadblock to financing for non-homeowners or homeowners with limited equity.
What do our personal loans look like?
We are a direct private lender for personal loans in Canada. Here’s some information about our products:
- as private lender, we provide personal loans for terms of up to one year. You can pay us back ahead of time, though, without penalty
- our interest rates vary per application, but they’re usually between 15-31% per year
- payments are made monthly and are interest-only. However, you are able to make lump sum payments at your convenience to chip into the principal balance
- we don’t bury anything in fine-print. Our loan terms are clear and comprehendible
We’re an online direct lender, but you can expect fast human responses from us if you have questions. Simply call our toll-free number or submit a message through our contact page.
Why get a personal loan from private lender?
It is true that loans from private lenders are usually more expensive than traditional financing. But private lenders are often willing to overlook factors that may be viewed unfavourably by banks, such as having a poor credit score.
Our interest rates are competitive, starting as low as 15% per year.