Follow Three Simple Steps to Get an Instant Loan Online!


At Rapid Loan, we don’t believe in making our clients jump through hoops to qualify for a loan. We approve our clients based on their fixed monthly income – that’s it! We specialize in offering bad credit loans, and loans to low-income earners, including people on government subsidies and pensions. We like to keep it simple, and give our clients the cash they need, fast. Our application process is simple and only takes a few minutes of your time.


Step One! Determine if you Qualify.

Unlike payday loan companies and banks, Rapid Loan doesn’t have a laundry list of requirements to qualify for a cash loan.

Do you qualify for a Rapid Loan loan? Ask yourself these questions:

  • Do I have a fixed monthly income (Learn what types of income qualify)?
  • Is my income deposited directly into my bank account?
  • When I’ve taken out payday loans in the past, have I paid them off?


If you answered YES to all three of the questions, then you’re a perfect candidate for a Rapid Loan low-income loan!

Step Two! Submit an Application.

We hate the long, tedious applications on payday loan websites. Our application process is simple and straightforward. Filling out our instant loan application is quick and easy.

Once you’ve submitted your application, Rapid Loan accesses additional information directly from Equifax Canada. We’ll send you confirmation if your loan has been approved or declined within one business day.


Step Three! Get Quick Cash!

Rapid Loan approves cash loans from $2,000 to $10,000, based on your current income. Once you’re approved for an instant loan, the funds will be deposited directly into your bank account for you to spend however you wish.

Monthly payments will be withdrawn from your bank account to pay down the loan. All cash loans from Rapid Loan have a monthly interest rate of 3.9% and up to a 12-month term.

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
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: (APR 23% min – 59.7% max) Loan amortization is between 3-24 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 and other credit lenders. All delinquencies will be reported to the Credit Bureau.