Welcome to RapidLoan.ca - The quickest way to get cash quickly! 
Simply fill out our Application. We’ll follow up with you quickly, informing you about the status of your application.
General
All our loans have an interest rate of 3.9% per month.
Loan Example (APR 23% min – 59.7% max)
| Term | 1 year |
| APR | 56.50% |
| Amount | $2,000.00 |
| Fees | $194.00 |
| Interest Rate (46.8%) | $936.00 |
| Total Cost of Borrowing | $1,130.00 |
| Total Due End of Term | $3,130.00 |
NOTE: You can pay off your loan at any time with no penalty.
You will only pay interest up to the date you borrow it.
Terms and Conditions: Loan amortization is between 12-24 months. Loan must be paid in full by the end of term, no extensions or exceptions, no automatic renewals. Failure to pay your debt on time with impact your future credit with RapidLoan.ca. and other credit lenders. All delinquencies will be reported to the Credit Bureau.
After your application is approved, we will send payment as soon as possible, typically within a business day.
Yes! Rapid Loan specializes in offering bad credit loans to clients with low income or government income.
We accept employment income and all types of government subsidies (i.e. EI, CPP, baby bonuses), as well as private income such as pensions or maternity benefits. As long as your income is directly deposited into your bank account on a monthly basis, you can qualify for a loan from RapidLoan.ca. For a more complete list of income sources we accept, check our who qualifies page.
No. Rapid Loan is a private lender for bad credit and low-income households. We are not associated with any banks or financial institutions. We are backed by private investors.
Unfortunately, Rapid Loan is unable to offer loans to clients that do not have a valid Canadian bank account.
Yes. At this time Rapid Loan only offers loans in Canada.
• Valid Canadian Driver’s License
• Valid Canadian passport
• Certificate of Canadian Citizenship
• Certificate of Indian Status
• Canadian Permanent Residency Card
• Old age security Card
• Photo Health Card and Birth Certificate or Social Insurance Card
• BYID Card (LCBO) and Birth Certificate or Social Insurance Card
Rapid Loan also offers the option to upload your documents with your application or during the follow up process. We can also accept documentation by email.
We process loans as quickly as possible. You should hear back from us within 24 hours of submitting your application.
Depending on your income and particular circumstances, we loan anywhere from $500 to $10,000 CAD.
Sorry, we are unable to offer extended terms at this time.
If you’ve defaulted on a payday loan in the past, you will not be able to qualify for a loan from Rapid Loan. We check your credit history upon application, and have zero tolerance for previously unpaid payday loans.
Your income will determine the amount of money Rapid Loan is able to loan you. However, Rapid Loan specializes in low-income loans, so a high-income is not necessary to qualify.
No. Unfortunately you cannot qualify for a loan through Rapid Loan unless your bankruptcy is discharged.
Yes. Unfortunately, Rapid Loan cannot offer you a loan if your income is not directly deposited into your bank account.
Yes, we report all our information to the credit bureau. This helps our clients build credit history.
Employment Loans
Rapid Loan offers short-term loans, with terms ranging from one to two-years (12-24-months).
Manitoba
You will need to provide Rapid Loan with 2 recent paystubs as well as 1 recent bill to your current address.
Loan Example
| Term | 1 year |
| APR | 56.50% |
| Amount | $2,000.00 |
| Fees | $194.00 |
| Interest Rate (46.8%) | $936.00 |
| Total Cost of Borrowing | $1,130.00 |
| Monthly Payment | $ 260.83 |
NOTE: You can pay off your loan at any time with no penalty.
You will only pay interest up to the date you borrow it.
Terms and Conditions: (APR 23% min – 59.7% max) Loan amortization is between 12-24 months. Loan must be paid in full by the end of term, no extensions or exceptions, no automatic renewals. Failure to pay your debt on time with impact your future credit with Rapid Loan Inc. and other credit lenders. All delinquencies will be reported to the Credit Bureau.