Installment loans
When you need fast funds, Friendly Lender is here to help.
When you need to borrow money, we offer fast funds with quick approval.
If you need bad credit loans we are here to help. We are a trusted source of fast cash in Canada with an easy application process.
Does Not Affect Your Credit Score
Installment loans
When you need fast funds, Friendly Lender is here to help.
When you need to borrow money, we offer fast funds with quick approval.
If you need bad credit loans we are here to help. We are a trusted source of fast cash in Canada with an easy application process.
Does Not Affect Your Credit Score
Installment Loans Canada
If you have a poor credit history, your options can be limited when looking to borrow. This type of loan is for those with poor credit that would find it difficult to qualify for a loan with most lenders.
When you need financial assistance for bills or unexpected expenses then installment loans can provide the money you need quickly and easily. Simply click apply to get started.
Why Choose FriendlyLender
✓ Easy to Apply Online
✓ Fast, Safe and Secure
Quick Decisions & FundingWho is Eligible?
Online Installment Loans
Having bad credit doesn’t mean you are not able to get a loan when you need it. While banks might deny your request because of this, online lenders like Friendly Lender make it possible to get installment loans to help you through difficult times.
You might think you don’t have any options for loans with bad credit but you can count on Friendly Lender to offer you options. To qualify for an online loan is easy. You should be a Canadian resident with a regular income, at least 18 years of age and have an active bank account. Once you have applied, you will be able to see details such as rates, terms, and look over the agreement.
Friendly made it easy to get my loan and worked with me to help through the process. I was impressed with the assistance I received.
When I had a repair needed for my car and had to get it done fast, Friendly showed me how and proved not all lenders are the same.
I needed an urgent loan and Friendly Lender allowed me to get money quickly. The team is very friendly and responds very quickly.
Installment Loans for Bad Credit
When looking to get a loan but your options are limited, then Installment loans might be what you need. Most Canadian banks will only approve those with a good to excellent credit score, leaving many without many options to choose from.
You might find some lenders offering Installment loans with guaranteed approval but these types of loan offers should be viewed with caution. All lenders do some kind of application review. It’s how they determine the risk of a potential borrower and whether they are likely to repay the loan. Not all lenders use a credit score from bureaus like Equifax or Transunion. In some cases they’ll use alternative data when considering your application. While you might see things mentioned like no credit check, which is sort of true in some cases, it’s when you see guaranteed approval that you should think twice before applying.
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Rates and Terms:
Standard re-payment terms: 3 months (min 84 days / max 90 days)
12 weekly payments
6 bi-weekly payments
6 semi-monthly payments
Maximum Loan Amount: $1000
Minimum Loan Amount: $500
Maximum APR: 32%
Cost of Credit
The chart below represents illustrative examples of the cost and payment schedule of a $720 personal loan.
Installment Loans: Bi-Weekly Customer = Six (6) Payments
| Annual Percentage Rate | Finance Charge | Amount Financed | Total of Payments |
|---|---|---|---|
| The cost of your credit as a yearly rate | The dollar amount the credit will cost you | The amount of credit provided to you on your behalf | The amount you will have paid after you have made all payments as scheduled |
| 32% | $58.54 | $720.00 | $778.54 |
Payment Schedule Based on Loan Origination
| Payment Number | Amount of Payments | When Payments Are Due |
|---|---|---|
| 1 | $129.76 | |
| 2 | $129.76 | |
| 3 | $129.76 | |
| 4 | $129.76 | |
| 5 | $129.75 | |
| 6 | $129.75 |
** Disclaimer: This Consumer Installment Loan Rate Schedule provides an illustrative example of a typical extension of credit we offer to qualified applicants. The APRs noted above are for a $720 loan repayable in six bi-weekly payments. The terms listed in this Consumer Installment Loan Rate Schedule may be offered for only a limited period of time and may differ from your loan agreement.Rates are current as listed and are subject to change. The rates displayed do not represent a loan approval or commitment to lend. The actual fees, costs and monthly payment on your specific loan transaction may vary and may include additional fees and costs. You should always seek competent professional advice prior to engaging in any financial transaction.
You are not guaranteed a loan by providing your information. Please consult your individual consumer loan agreement for your loan terms.