Emergency loans in Canada
Emergency loans for when it can't wait.
If a car repair, a vet bill or a broken furnace can’t wait, apply in a few minutes and see if a lender in our network can help.
At a glance
Good for
Urgent, one-off costs
Loan types
Payday and instalment loans
Speed
Some lenders fund the same or next business day
Cost to apply
Free
Funding times depend on the lender and your bank.
What is an emergency loan?
A loan for a bill you didn't plan for.
Emergency loans are not a special product. They are payday or instalment loans you use to cover an urgent cost you didn’t plan for.
For a small amount you can repay on your next payday, a payday loan may work. For a bigger bill, a personal instalment loan spreads the cost over a few months.
Before you borrow
Try these first.
A loan isn’t always the cheapest fix. These options cost little or nothing.
01
Ask for a payment plan
Utilities, dentists, vets and garages often let you pay in parts if you ask.
02
Ask your employer
Some employers offer a pay advance at no cost.
03
Check your benefits
Your province or employer may have emergency help for housing, heat or health costs.
04
Talk to your credit union
Some offer small, low-cost loans to members.
How it works
Apply in three steps.
You apply online from your phone or computer, with nothing to print and no branch to visit.
1
Fill in one short form
Tell us how much you need, plus a few details about you and your income.
2
We look for a lender
Your request goes to lenders in our network who may be able to help.
3
Review your offer
If a lender makes an offer, read the terms and decide. You never have to accept.
Is it right for you?
When an emergency loan makes sense.
A good fit if
- The cost is urgent and one-off
- Waiting would cost you more, like a lost shift
- You can repay on time from your income
- You have checked cheaper options
Think twice if
- The cost can wait a few weeks
- You need it for everyday spending
- You would have to borrow again to repay it
- You are unsure you can repay on time
Who can apply
What you need to apply.
Most lenders in our network ask for the basics below. A lender may ask for more before making an offer.
- You are at least the age of majority in your province (18 or 19)
- You live in Canada
- You have a regular source of income
- You have an active Canadian bank account
- You have a valid email address and phone number
FAQ
Emergency loans: common questions.
Our FAQ page covers costs, credit checks and how lenders decide.
How fast can I get an emergency loan?
It depends on the lender and your bank. Some lenders send funds by e-Transfer or direct deposit the same day or the next business day after you are approved and sign.
How much can I borrow?
A payday loan can be up to $1,500. An instalment loan can be more. The lender decides the amount based on your income and its rules.
What does an emergency loan cost?
A payday loan can cost at most $14 per $100 borrowed. An instalment loan can’t go above 35% APR. Your agreement shows the exact cost.
Can I apply on the weekend?
Yes, the form is online 24/7. When you hear back and get funded depends on the lender’s hours and your bank.
What if I can't repay on time?
Call your lender before the due date to ask about options. Missed payments can add costs and hurt your credit. A non-profit credit counsellor can also help.