Borrow Up To $1,500

Get funds in minutes*!

5-minute application
with no credit check

Excellent

Rob
Rob
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Really easy to use and quick fast with no hassle
Karie
Karie
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Very good customer service. Always friendly and helpful.
Carrie Vedan
Carrie Vedan
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You guys are always there for me when no one else is thank you!!
Ms. Emily A. Angulalik
Ms. Emily A. Angulalik
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Quick and reliable!👍👍👍
Customer
Customer
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Always incredible helpful and reliable when needed. Staff are friendly and effective.
Sharon C
Sharon C
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Focus cash loan is very easy to deal with. They're very quick with response. I cannot say enough good about them.
 Happy customer
Happy customer
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Great, fast,service. Always polite if I need to call but every thing can be done online ( which I like)
Customer
Customer
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Fast and efficient customer service, I am a satisfied valued client. Thanks a lot
 D. Ackles
D. Ackles
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Great service provided by great people. Always.
Customer
Customer
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Excellent service ... the only drawback is the loan limit, I wish more is provided for good citizens.
Neil
Neil
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They are very professional and helpful and provide excellent customer service.
Nancy
Nancy
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You have always been so easy to deal with. Highly recommended.
Milagros
Milagros
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Fast approval...good customer service...keep up the good work Mike. Keep safe everyone.
Keith
Keith
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Quick, efficient and friendly. These people get 5 stars and a big THANK YOU for the help!!
Josh
Josh
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Was a very quick and easy process and the customer service was great
Michelle
Michelle
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I’ve been with Focus for years and I’ve had a great experience with the staff and the service is fast
Rob
Rob
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Focus Financial is very is to deal with and quick i would recommend to anyone who needs a loan
Gail
Gail
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Been with Focus Financial for many years. I have always had excellent service.
Sharon C
Sharon C
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Focus Financial makes it so easy to receive as well as repay loans.
Customer
Customer
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Reliable and there when you need them. I've been using this service for over a year now and they are great!!
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Get Up To $1,500​

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Trusted Lender

Secure Application

Fast Approvals

3 Simple Steps

1. Apply Online

Getting a loan online has never been easier, easy step by step online application.

2. Get Approved

Basic income requirements that are easy to meet. It only takes minutes before you get approved *.

3. Get Your Money

Receive money E-mail Transfer transfer withing minutes of being approved.

Getting a loan is easy! All types of income are accepted!

Employment Income

Private Disability Insurance

Child Tax Credit Benefits

CPP & Private Pension

Unemployment Insurance

Workers Compensation

Why get a loan from Focus Financial?

Trusted Lender Since 2008

Canadians have been relying on Focus Financial with their short term loan needs since 2008.

Apply Online Anytime 24/7

Fill out our easy online loan application form 27/7, on weekends including Saturdays & Sundays!

All Types of Income Accepted

You can qualify if you are employed or receiving the following government benefits EI, child tax, private disability, workers comp & pension.

No Credit Check Loans

Absolutely no credit checks through TransUnion or Equifax! Unlike other lenders, we do not run credit checks!

Instant Interac e-Transfers

Get your loan in within minutes with Interac e-Transfer®. We strive to get you the funds as soon as possible.

No Faxing & Emailing Documents

We offer completely digital application process. Unlike some other lenders, we don’t ask to fax or email any documents.

Installment Loans in Canada

A Canadian installment loan is an easy and fast way to get financing. Online installment loans in Canada are a great choice if you need to pay unexpected bills, fix your car, invest in your business or go on vacation.

It is easy to apply for an online installment loan in Canada. It's quick and easy to get approved for an online installment loan in Canada. You can often get the cash you need within a few days of completing an online application. The money will be deposited directly to your bank account.

What is an Installment Loan?

Installment loans, a type of online loan, are given to the borrower as a lump sum at beginning of transaction. Then the loan is paid back at biweekly or monthly intervals. The typical installment loan is between $500 and $10,000, but they can be extended up to $25,000 or higher.

An installment loan's terms can be short-term or medium-term, but most are within the 6-month to 5-year range. Installment loans can be unsecured, which means that they don't require collateral from the borrower.

How do Installment Loans work?

An installment loan is a borrowing of a specified amount of money, typically between $2,000 to $10,000. The loan must be repaid over a fixed period of time (e.g., a few months, or years), and with a set frequency (e.g., weekly or monthly).

What is an Installment Loan?

You can use installment loans for many purposes. These include home or automotive repairs, renovations and catching up on past due bills, medical or emergency expenses. Consolidating debt, traveling, or purchasing a house.

How to apply for an installment loan?

Most lenders will ask you for the same basic requirements when you apply for an online loan. These include proof of income, employment, proof of residency, and proof of proof of age. To ensure that you aren't in collections, unpaid bankruptcy, or a consumer proposal, most lenders will run a credit check.

Alternatives

Unsecured loans are more common than secured ones. This means that the lender can't recover losses through the sale of the borrower’s personal assets if they fail to repay the loan. This is a good feature for the borrower but it also means that the lender cannot recover losses via a sale of the borrower's personal assets. To compensate the lenders for the greater risk, borrowers will have to pay a higher interest rate. There are other options:

Secured loans: Personal loans are usually extended to borrowers who have stable credit scores. Secured loans allow the borrower to provide collateral to the lender and make these loans less risky for the lender. This means that you will receive higher approval rates and/or lower interest rates.

Home Equity/Mortgage: This type of secured loan allows borrowers to borrow against their home's value.

Credit unions: Although credit union loans are generally offered on an unsecured basis, they often offer higher rates than banks. You can reduce the rate by having a chequing account with the union.

What is an installment loan?

An installment loan is any type of loan that requires you to repay a lump sum over a specified term. All types of installment loan providers include direct lenders. These are examples of installment loans:

  • Personal term loans
  • Car loans
  • Mortgages that are typical

 

What's the difference between an installment loan and a payday loan?

Payday loans differ from other types loans. The major difference between them is their repayment process.

Payday loans are short-term, fast loans that can be repaid on the borrower’s next payday. Installment loans offer more flexibility and require timely repayments over a longer period. Installment loans can have monthly payments over a period that can last years. Payday loans are typically between 2 and 4 week terms and rarely exceed one month in Canada.

What if I have bad credit and want to get an installment loan?

There are many installment loans available for Canadian borrowers with bad credit. Online lenders can provide long-term installment loans for bad credit. There are many options for installment loans.

You will not have many options when it comes to installment loans for bad credit. In addition, you will be required to pay higher interest rates than good credit borrowers.

Can I get an installment loan from Canada without a credit check?

It is possible to obtain no credit check installment loans. A person who is unfamiliar with the country might not have a good credit record, but that doesn't necessarily mean they can't get an installment loan. Canada has many installment loans that don't require credit checks. The terms can vary greatly. To get the best rate, you should compare lenders.

What interest rates can I expect for an installment loan?

As with any type of loan, installment loans can offer a wide range of interest rates. Rates will vary depending on your credit score, the lender you choose, and how much you borrow.

Although it is more difficult to obtain installment loans from banks, they can offer lower interest rates to qualified borrowers. The interest rates on bank installment loans range between 5% and 9%.

Canadian alternative lenders can offer you a greater range of interest rates if you require a quicker approval or are less judgmental. The average interest rate for an installment loan in Canada is between 6% and 13%, depending on whether you have a good credit score. The interest rates for installment loans with bad credit are the highest. You can easily get an APR of more than 40% if you are not careful. Regardless of your credit score, there are many options available.

[Alberta Residents: Maximum charges permitted in Alberta for a payday loan: $15.00 per $100.00 lent. We charge: $15.00 per $100.00 lent. For a $300.00 loan for 14 days: Total cost of borrowing = $45.00. Annual Percentage Rate = 391.07%. This information meets the requirements of the Consumer Protection Act. Payday loans are a form of high-cost credit. Payday Loans Business Licence number: 327008] [British Columbia Residents: Maximum charges permitted in BC for a payday loan: 15% of the principal. We charge: 15% of the principal. For a $300.00 loan for 14 days: Total cost of borrowing = $45.00. Total to be repaid = $351.00. Annual Percentage Rate = 391.07% This information meets the requirements of the Business Practices and Consumer Protection Act. Licence Number 50034] [Ontario Residents: Maximum Allowable Cost per $100.00 Borrowed: $15.00. Our Cost per $100.00 Borrowed: $15.00. Example: Your $500 loan for 14 days Your $300.00 loan for 14 days. Amount Advanced: $500.00 Total Cost of Borrowing: $75.00 (391.07% APR) Total To Repay: $575.00 This poster is required under the Payday Loans Act, 2008 Licence Number 4716299]

* Once your loan application is approved during our business hours.

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