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$1,500!​
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5-Minute Application With No Credit Check​
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What Our Customers Have To Say
Emma
Emma
Quick, and easy. Helpful staff great customer service I highly recommend over others 👍
James
James
The service was quick and customer service representatives were helpful and friendly.
Sophie
Sophie
Very professional, respectful and quick to answer questions or concerns.
Lily
Lily
Friendly and easy to use. The lady who helped me with all my questions was very helpful. The process went smooth and quick.
Olivia
Olivia
Customer service today was great answered all my questions and was great helping me with my banking issues.
Clara
Clara
First time using this company. Extremely fast service and no hassles. I highly recommend them!
Grace
Grace
Friendly fast and efficient. Great company to deal with and the application is straightforward.
Jack
Jack
I was in a real pinch. This was fast, easy and I got the funds I need quick. Sure beats any of those other services in Canada.
Ethan
Ethan
Fast, convenient and easy to get a hold of customer team! Best place for when you need them.
Daniel
Daniel
Very quick online application and very friendly customer service.
3 Easy Steps
1. Apply Online

Easy & Secure application with step by step guidance.

2. Get Approved

Fast loan approval process that only takes minutes.

3. Get Your Money

E-mail money transfer within 30* minutes after approval.

All Types of Income Accepted

At Focus Cash Loans, we accept many types of income, including employment, benefits, and pensions. Apply now for fast and convenient loan service!

Employment Income
Child Tax Credit Benefits
Unemployment Insurance
Private Disability Insurance
CPP & Private Pension
Workers Compensation
Why Get a Loan from Focus Cash Loans?
Trusted Lender Since 2008

For the past 12 years, we have been helping Canadians to meet their short term financial needs.

Apply Online Anytime 24/7

Don’t stand in line, apply for a payday loan 24/7 from the convenience of your own home or office.

All Types of Income Accepted

We not only accept employment income, but EI, child tax, private disability, workers comp & pension as well.

No Credit Check Loans

Unlike other lenders, we do not run credit checks. We have personalized approach to every loan application.

Instant Interac
e-Transfers

Don’t wait days, receive funds within minutes of being approved with the convenience of Interac e-Transfers.

No Hidden Fees Or Charges

100% transparency, when you get a payday loan from us, there are no hidden fees or extra hidden charges.

GET UP TO $1,500!​
Download Our Mobile App Now​

Get 24/7 access to your account from anywhere with our free mobile loan app by signing up.

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.