Bad Credit Installment Loans Guaranteed Approval

Bad Credit Installment Loans Guaranteed Approval Canada: If you’ve ever been turned down for a loan or credit card, declared bankruptcy,

or defaulted on a loan, you’re likely one of the more than 1 million Canadians with bad credit.

Having bad credit can affect every aspect of your life: getting approved for a credit card, getting a loan like a mortgage or auto loan, or sometimes making it difficult to get a job.

Best Bad Credit Installment Loans in Canada

You might think that having bad credit means you don’t have many options for your personal loan. In fact, with bad credit, you can apply for a loan or secured credit card if your goal is to rebuild your credit.

We have done our research and can assure you that there are many lenders in Canada who are willing to approve bad credit personal loans. Here is the list of top loan companies for bad credit in Canada.


You can connect with a lender for any loan amount up to $50,000 and get an instant answer to your loan application.

It only takes a minute to complete a loan application through LoanConnect and funds can arrive within 24 hours.

Even borrowers with bad credit, consumer offers, or bankruptcy can get an unsecured cash loan for any purpose through LoanConnect.

Loans Canada

Canadians struggling with bad credit can look to Loan Canada, an indirect lender that helps connect potential borrowers with the best bad credit lenders in the country for relief.

Loans Canada offers bad credit loans and debt consolidation for people who repackage their existing balances into a single amount, usually at a lower average interest rate.

Bad credit borrowers can get approved for up to $50,000 and repay it within 60 months. The process of getting a quote, selecting a lender, and accessing funding are fairly simple and, in some cases, can take up to 24 hours.

Loan Away

Loan Away offers an unsecured personal loan of up to $5,000, which can be repaid over 36 months.

The funds disbursed by Loan Away can be used for any purpose or expense of your choice and although they do not guarantee approval, they accept more than 80% of all loan applications.

The application process takes at least eight minutes to complete and you can receive funds within 24 hours.


easyfinancial offers both unsecured and secured personal loans for Canadians, whether you have bad credit or a past bankruptcy.

You can borrow up to $20,000 as an unsecured bad credit personal loan, or up to $75,000 when you use it as collateral to secure your home equity loan.

easyfinancial helps rebuild your credit rating by reporting your loan payments on time to the major credit bureaus. It also provides educational resources to help Canadian borrowers gain control of their finances.

Prudent Financial

Prudent Financial uses your car, home equity, or similar valuable item as collateral to even provide bad credit loans for borrowers with consumer offers or bankruptcy histories.

If you’re self-employed or in the collection, you may still qualify for a loan as long as you have home equity or a car offered as collateral.

Tribecca Finance

Tribeca offers secured personal loans for borrowers with bad credit, home equity loans, and first and second mortgages.

You can use your car or other personal items as collateral for a personal loan or tap into your home equity. If you apply for a personal loan, you must earn at least $20,000 per year and be free of any bankruptcy.

For home equity loans and mortgages, you only need to own the property Tribeca serves Canadians with bad credit in the Greater Toronto Area.

Your credit history doesn’t matter – what matters is your home equity. Your home equity acts as your secured bad credit loan collateral. will fund first, second, and even third mortgages, even if you’re self-employed and your bank turns you down.

Bad Credit Personal Loans with No Credit Check

If you apply for a bad credit personal loan with no credit check, you still need to be prepared to answer some questions about other areas of your financial life.

Bad credit lenders who do not check your credit score look at other factors to decide whether to accept your bad credit loan request. Here are some things bad credit lenders may ask you before approving your bad credit loan:

  • Your average monthly or annual income
  • Termination of your employment and the size of the business where you work
  • Have someone co-sign your loan
  • Are you currently going bankrupt?
  • How much debt do you currently have?

Bad Credit Installment Loans Benefits

Even Canadians with bad credit can benefit from bad credit loans in Canada.

Rebuild Your Credit Score – If you qualify for a bad credit loan and make your payments in full and on time, you can gradually raise your credit score.

After improving your credit score with bad credit loans, you’ll be able to qualify for unsecured credit cards and get better rates on mortgages.

Access better interest rates – No matter what you do, you’ll be charged higher interest rates if you have bad credit, but some alternative lenders will offer lower rates than others. Watch out for “payday loans,” which often have rates in the hundreds of percent.

Borrow a large amount of money– Sometimes you need to borrow a large amount in a short period of time. Bad credit loans allow you to borrow up to several thousand dollars at a time, so you can pay off multiple small loans, credit card debt, or manage emergency expenses.

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