Personal loans up to $1,500, paid back over time
Get $100 to $1,500 with fixed monthly payments over 3 to 24 months. Apply online in minutes, see your costs upfront and get your money by e-Transfer.
Subject to approval. Not all applicants qualify.
Approved? Funds sent by Interac e-Transfer. No application fee. No prepayment penalty.
Why people choose Simple Financial
Personal installment loans from a Canadian lender. No paperwork, no hidden fees, no third parties.
A loan you can plan around
Borrow up to $1,500 and spread it over 3 to 24 months. One fixed payment, every month, until it's paid off.
Fast decisions
Apply online in minutes and get an answer the same business day in most cases.
Apply now →Secure application
Your information is encrypted and used only to review your application.
Apply now →Ready when you are
Check your options in about 2 minutes. It won't affect your credit score.
See what your payments could be
Estimates use our maximum APR of 29.99%. Your actual rate may be lower.
Like what you see?
Lock in your fixed monthly payment. Apply online in about 2 minutes.
Three steps to your loan
Serving Ontario and British Columbia
Loans in British Columbia
Need money for a bill, repair or emergency?
Borrow $100 to $1,500 and repay over time.
Know your costs before you apply
Representative example: Borrow $1,500 over 12 months at 29.99% APR. You make 12 monthly payments of $146.22. The total cost of borrowing is $254.68 and the total amount repaid is $1,754.68.
| Amount | Term | APR | Monthly payment | Cost of borrowing | Total repaid |
|---|---|---|---|---|---|
| $100 | 3 months | 29.99% | $35.01 | $5.04 | $105.04 |
| $500 | 6 months | 29.99% | $90.77 | $44.63 | $544.63 |
| $1,500 | 12 months | 29.99% | $146.22 | $254.68 | $1,754.68 |
Examples use our maximum APR. Your APR is set based on your application and is shown before you sign. No application fee. No penalty for paying early. A fee of up to $20 may apply if a payment is returned. Missed payments may be reported to credit bureaus. All loans are subject to approval and not all applicants qualify.
Manage your loan from your phone
Download the Simple Financial app for Android to apply, check your balance and see your payment schedule, all in one place.
Common questions
Who can apply?
You need to live in Ontario or British Columbia, be the age of majority in your province (18 in Ontario, 19 in British Columbia), have a Canadian bank account and a regular source of income.
How long do I have to repay?
You choose a term between 3 and 24 months. Payments are the same amount each month.
What does a loan cost?
APR ranges from 19.99% to 29.99%. For example, $1,500 over 12 months at 29.99% APR costs $254.68 in total, with monthly payments of $146.22.
Will checking my options affect my credit?
No. Checking your options doesn't affect your credit score. A credit check is only done if you continue with a full application.
Can I pay my loan off early?
Yes. You can repay any time with no prepayment penalty, and you only pay interest for the time you had the money.
How do I get the money?
Once you sign your agreement, we send the funds by Interac e-Transfer to your bank account.
Is approval guaranteed?
No. Every application is reviewed, and not all applicants qualify. Borrow only what you can comfortably repay.
Get started today
Loans from $100 to $1,500 for Ontario and BC residents.