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Get Approved and Secure the Bag: Toronto’s Top 5 Personal Loan Providers

  • Credentials – We checked the agency's credentials as a legitimate provider.
  • Loan service – We assessed the overall experience through the types of loans offered and the loan term options.
  • Process and duration – An efficient and timely process is crucial for loan agencies, considering clients may need it urgently or within a period.
  • Client support – We expect the agencies to provide ample support and customer services for any concerns and queries.
  • Price – We listed loan agencies with reasonable and justifiable interest rates and other fees.

If you’re like me, you’ve probably found yourself in a situation where a little extra cash could make all the difference. Whether it’s for a home renovation, a surprise expense, or that dream vacation you’ve been planning, finding the right personal loan provider can be a game-changer.

Living in Toronto, we’re lucky to have a ton of options, but navigating through them can feel like finding a needle in a haystack. 

So our team has done the legwork and chatted with friends, family, and even a few finance-savvy folks to bring you the scoop on the best personal loan providers in the city. Trust me, navigating this world doesn’t have to be a headache.

1. Xcash Money Solutions


Services: Payday loan, unsecured personal loan, home equity loan, invoice factoring

Address: 3768 Bathurst St #206

Contact Details: 416-633-2408; [email protected] 

Operating Hours: Monday – Friday: 9:00 AM – 6:00 PM; Saturday: 9:00 AM – 5:00 PM


Google reviews score4.5/5
Facebook reviews score 4.6/5
Yably reviews score4.5/5
Total reviews5/5
Score consistency 4.5/5
Credentials 5/5
Loan service4.5/5
Process and duration5/5
Client support5/5
Price (A higher score means better value)4.5/5
Interest rate4/5
Other fees5/5

Xcash Money Solutions stands out for its willingness to accept last-minute and short-notice loans. Many clients have praised the company for stepping in during emergencies and providing much-needed financial relief.

We also think their application process is another highlight. Designed for efficiency, it allows clients to quickly apply for a payday loan via their online platform. This streamlined approach means you can get the cash you need without unnecessary delays.

One of the most useful features is their loan management portal. This tool lets you easily manage your payday loan by viewing your loan history, payment dates, interest payments, and more. It’s a handy way to keep track of your accounts.

Just a heads up, clients need to contact Xcash by phone or in-person to discuss rates and arrangements, as this information isn’t available online. 

Even though Xcash’s services may be a bit more expensive, most people agree that their solutions work well and their service is reliable, making it worth the cost.


  • Has an easy online application process
  • Has a portal for clients
  • Provides multiple loan options
  • Accepts last-minute or short-notice requests


  • Slightly higher interest rates

Great with last-minute assistance

“Since 2014, the whole team has been my saviour! They are very much helpful, customer service is consistently excellent and beyond (special mention to Jhom/Raizza)! Especially last minute in need for help, a minute assistance has been delivered all the time! Accepts all types of people, no judgement, all are very friendly and welcomes you homely! Thank you so much everyone!”

SM S, Google Review

Provides smooth transactions

“Always smooth transaction with this office, everyone is so nice and helpful, I have been customer for years. Highly recommended”

Julya, Google Review

2. Spring Financial


Services: Personal loan, evergreen loan, mortgages

Address: 555 Burrard St #505, Vancouver (Headquarters)

Contact Details: [email protected] 

Operating Hours: 24/7


Google reviews score4.7/5
Smarter Loans reviews score4.9/5
Total reviews5/5
Score consistency 4.8/5
Credentials 5/5
Loan service5/5
Process and duration5/5
Client support4/5
Price (A higher score means better value)4.5/5
Interest rate4.5/5
Other fees4.5/5

What’s impressive about Spring Financial is that over 250,000 Canadians have received financing from them. This speaks volumes about their credibility and extensive reach, resonating with clients not just in Toronto but across the country.

They offer personal loans ranging from $500 to $35,000. The entire process can be completed online from the comfort of your home, with no need for in-person branch visits. Typically, the application takes just three minutes to complete.

On the flip side, it’s a drawback that they don’t have physical branches where clients can apply for a loan in person. Online applications can be challenging for those who aren’t comfortable with technology and those who prefer the reassurance of dealing with a provider face-to-face.

Despite that, we can’t deny that Spring Financial remains a solid choice for those needing quick access to cash. Many clients appreciate the same-day e-transfers, which have proven to be a lifesaver in urgent situations.


  • Offers personal loans up to $35,000
  • Convenient online application
  • Receive funds the same day via e-Transfer
  • Has served over 250,000 clients


  • No physical office
  • Can improve customer service for follow-up concerns

Great for those who need immediate loans 

“Great experience with Spring Financial. They are very efficient and effective in dealing with clients. Within the day, my application was approved, great staff. Well explained. Appreciate their help. Highly recommended for those who are seeking for immediate loans. 7 stars!!! Keep up the great work.”

Richard Perez, Google Review

Simple and easy to complete process

“Great service, fast approval process. The documentation and the complete process was very simple and easy to complete. Strongly recommend Spring Financial.”

JASDEEP SINGH, Google Review

3. Tribecca Finance


Services: Personal loans, home equity loans, construction loans, first mortgages, second mortgage

Address: 261 Sheppard Ave W

Contact Details: +1 416-225-6900

Operating Hours: Monday – Friday: 9:00 AM – 5:30 PM


Google reviews score4.5/5
Facebook reviews score 4.8/5
Total reviews4/5
Score consistency 4.7/5
Credentials 5/5
Loan service4/5
Process and duration5/5
Client support5/5
Price (A higher score means better value)4.5/5
Interest rate4.5/5
Other fees4.5/5

Tribecca Finance provides lending solutions tailored to your specific needs. Their products include home equity loans, personal loans, construction loans, and first and second mortgages.

On that note, we’ve got to give them props for their lending specialists. These pros know their stuff and handle all sorts of client situations with ease. 

Most of the feedback we’ve gathered shows that their specialists are helpful, regardless of whether clients decide to take out a loan or not.

However, it’s quite a bummer they only offer secured loans and not unsecured personal loans. While secured loans provide access to larger sums at lower interest rates and longer repayment terms, resulting in lower monthly payments, some may prefer the flexibility and accessibility of unsecured options.

On the bright side, we found their customer service, especially their ongoing support, highly efficient and reliable. They maintain a strong line of communication with their clients, which means you can easily reach out and expect prompt responses to any concerns or follow-up questions you may have.


  • No prepayment penalty
  • Excellent customer service and ongoing support
  • Has knowledgeable lending specialists


  • Closed on weekends
  • Doesn’t offer unsecured loans

Great and easy to work with 

“I came to Tribecca when I needed money to finish my home renovation. Armando was great to work with and I was able to do all the home improvements I wanted. Highly recommend!”

Greg L, Google Review

Quick application 

“I was in need of some extra funds during a stressful time, and was referred to Tribecca Finance.

My application process was very quick and easy thanks to Toros who took care of me in a very friendly, helpful and professional manner, he addressed all my concerns, answered all my questions very efficiently and knowledgeable. I was especially impressed with how he made me feel so at ease during the process. Great staff, great company, i would most definitely recommend Tribecca for your financial needs…….thank guys.”

Angela Eleath, Google Review


Services: Personal loans, payday loans, bad credit loans

Address: 88 Queens Quay W Suite 2500

Contact Details: +1 866-646-4769

Operating Hours: 24/7


Google reviews score4.4/5
Trustanalytica reviews score4.6/5
Total reviews5/5
Score consistency 4.5/5
Credentials 5/5
Loan service4/5
Process and duration5/5
Client support4/5
Price (A higher score means better value)4.5/5
Interest rate5/5
Other fees4.5/5 is a notable player in the Toronto loan market, offering quick and easy financial solutions to meet the diverse needs of its clients.

One of the major advantages of is that they don’t check your credit for loans up to $500. This is really helpful for people with not-so-great credit scores because they can get money without worrying about a credit check.

They offer flexible repayment terms for quick loans, allowing borrowers to repay in up to 90 to 120 days. It’s been a lifesaver for the clients we talked to who needed short-term financial assistance but required a bit of time to gather the necessary funds for repayment. 

But it’s a shame that they don’t accept self-employment as a source of income. This can be a significant limitation for the growing number of freelancers and self-employed individuals in Toronto.

Nonetheless, is a game-changer, especially if you need to make a $500 short-term loan and get it approved without too much hassle and requirements.


  • No credit investigations for loans up to $500 
  • Repay in up to 90 to 120 days for quick loans 
  • Offers bad credit loans


  • Doesn’t accept source of income from self-employment
  • Can improve urgency in addressing concerns

Doesn’t check for bad credit for short-term/quick loans

“I wish I could give this company 10 stars. I have never had any concerns, or issues getting a loan. They are very fast , answer all my questions within the same day. Everything they say on the website is 100% TRUE. some other companies say they don’t check credit and by the time you fill out the information they still decline you based on your credit. But not 24 Cash. They are true to there word. I’ve put through all my information and within an hour I was approved and funds sent to my bank account. if you apply to them trust me you wont be regret it”

Avaloi Hird, Google Review

Hassle-free experience 

“I’ve been using this company for years. Never any issues. Very friendly customer service and always a great hassle free experience.”

Susan Patriquin, Google Review


Services: Personal loans, fast loans, easy loans

Address: 500 Danforth Ave Suite 304

Contact Details: +1 800-797-1413

Operating Hours: Monday – Friday: 9:00 AM – 5:00 PM


Google reviews score3.9/5
Smarter Loans reviews score 5/5
Trustanalytica reviews score3.8/5
Total reviews5/5
Score consistency 4.2/5
Credentials 5/5
Loan service4.5/5
Process and duration5/5
Client support3.5/5
Price (A higher score means better value)4/5
Interest rate4/5
Other fees4/5

One of the standout features of is its acceptance of self-employed income for loan approval. This is a big plus for freelancers, entrepreneurs, and gig workers in Toronto who usually have trouble getting loans from traditional lenders due to their irregular income.

From what we’ve seen, they have a reputation for providing rapid fund transfers, often completing transactions within 24 hours. This quick turnaround is crucial if you need immediate access to funds for emergencies or urgent expenses.

However, we’re a bit iffy about their recommendation that you’ll have to have fair to good credit. This can be a hurdle for those with poor credit scores looking for loan options. It’s not a strict requirement, but it might discourage some potential clients, especially those who have had credit issues in the past.

But overall, we believe offers several compelling benefits, especially for self-employed individuals and those needing quick access to funds.


  • Issues loans based on self-employed income 
  • Can transfer funds within 24 hours 
  • Offers flexible payment schedules


  • Recommends to have fair or good credit 
  • Can improve urgency of addressing client concerns

Quick and efficient application

“The application is very quick and efficient.  This is the second loan that I have had with them and each time they respond quickly to all loan requests.  The process took less that 48 hours to complete the transaction from application to receiving the the funds you requested once approved.”

Cindy Hamel, Google Review

Affordable payment plans

“Flexmoney, simply put, THE BEST!!! Sure, the cost to borrow will always be an issue, but the payments for certain high loans are very low and affordable compared to a number of other popular installment loan companies, plus the online process is very easy and very quick especially if your credit is good. You get your loan in your account instantly.  No penalties for adding $$$ to your regular payments, nor if you opt to pay off the loan early. Highly recommended if you’re looking for a reasonable installment loan.”

B. Kawhi-it, Google Review

FAQs about Personal Loan Providers in Toronto

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