Car Loans Manitoba - Compare Providers
| Lender | Loan amount | Rate | Term | Details |
|---|---|---|---|---|
 Spring Financial Personal Loan | $500 – $35,000 | 9.99% – 34.95% | 6 – 84 months | Learn more |
 easyfinancial Personal Loan (Unsecured) | $500 – $150,000 | 9.99% – 34.95% | 9 - 240 months | Learn more |
 Fairstone Financial Unsecured Personal Loan | $500 – $25,000 | 29.99% – 34.99%* | 6 – 60 months | Learn more |
 MDG Cash Installment Loan | Up to $20,000 | 19.8% – 34.99% | Up to 36 months | Learn more |
 CashMoney Line of Credit | Up to $10,000 | 34.99% | 6 - 60 months | Learn more |
 Money Mart Installment Loan | $500 – $25,000 | 29.9% or 34.28% | 6 – 84 months | Learn more |
 SkyCap Financial Personal Loan | $500 – $100,000 | 12.99% – 34.99% | 9 – 60 months | Learn more |
 goPeer Personal Loan | $1,000 – $35,000 | 8.99% – 34.99% | 36 or 60 months | Learn more |
 LendCare Installment Loan | $500 – $15,000 | 9.9% – 29.9% | 12 – 60 months | Learn more |
 Ledn Bitcoin-Backed Loan | $1,000 – $1,000,000 | 10.4% | 12 months | Learn more |
 Borrowell Personal Loan | Up to $35,000 | Starting at 12.99% | Up to 60 months | Learn more |
 Windmill Microlending Professional development loans | $15,000 | 6.7% | Up to 60 months | Learn more |
 Parachute Personal Loan | Up to $25,000 | 24.99% – 29.99% | 30 or 60 months | Learn more |
 Helium Loans Personal Loan | $500 – $50,000 | Varies | 6 – 60 months | Learn more |
 Financeit Personal Loans | $500 – $100,000 | Starting at 12.99% | Up to 60 months | Learn more |
 SimplyBorrowed Personal Installment Loan | $1,500 – $10,000 | Not listed | 12 – 60 months | Learn more |
 LM Credit Unsecured Personal Loan | $500 – $15,000 | 10.99% – 34.99% | 9 – 60 months | Learn more |
 Captain Cash Personal Loan | $500 – $1000 | 23% | 90 – 150 days | Learn more |
 Lamina Personal Loan | $300 – $1500 | Starting at 18% | 3 – 7 months | Learn more |
 DMO Crédit Personal Loan | $300 – $1,000 | 28% – 35% | 90 days – 16 weeks | Learn more |
 Credit2Go Short Term Loan | $250 – $1,500 | 23.99% – 29.99% | 3 – 4 months | Learn more |
 Eastern Loans Personal Loan | $500 – $750 | ~23% | 3+ months | Learn more |
 Progressa Debt Consolidation Loan | $1,000 – $15,000 | 19% – 34.95% | 12 – 60 months | Learn more |
 Loonie Financial Installment Loan | $300 – $1,000 | Up to 32% | 62 – 160 days | Learn more |
 LM Financial Personal Loan | Up to $15,000 | Not listed | Not listed | Learn more |
 FlexMoney Installment Loan | $500 – $15,000 | Starting at 18.9% | 6 – 60 months | Learn more |
 City Lending Centers (CLC) Micro Loan | $150 – $1,600 | 10 – 35% | 3 – 6 months | Learn more |
 APX Lending Crypto-Backed Loan | $10,000; no maximums | From 9.99% | 3 - 60 months | Learn more |
| Lender | Loan amount | Rate | Term | Details |
|---|---|---|---|---|
 iCash Payday Loan | Up to $1,500 | $14 per $100 | Up to 62 days | Learn more |
| CashMoney Payday Loan | Up to $1,500 | $14 per $100 | Up to 60 days | Learn more |
 My Canada Payday Payday Loan | Up to $1,500 | $14 per $100 | Next payday, or the one after | Learn more |
 GoDay Payday Loan | $100 – $1,500 | $14 per $100 | 14 – 30 days | Learn more |
 Loan Express Payday Loan | up to $1,500 | $14 per $100 | 14 days | Learn more |
 North’n Loans Payday Loans | $100 – $1,500 | $14 per $100 | 14 – 90 days | Learn more |
| Lender | Loan amount | Rate | Term | Details |
|---|---|---|---|---|
| Spring Financial Spark Loan | $100 – $2,500 | 28.9% (about 29.9% APR with the $1 access fee) May decrease as you unlock higher loan amounts | 12 months | Learn more |
 Bree Cash Advance | Up to $750 | 0% | Up to 90 days | Learn more |
 Nyble Line Of Credit | $30 – $250 | 0% | Open-ended | Learn more |
 KOHO Cash Advance | Up to $500 | 0% | Open-ended | Learn more |
| Lender | Loan amount | Rate | Term | Details |
|---|---|---|---|---|
 Canada Drives Car Loan | Up to $100,000 | 3.99% - 19.9% | 24 -96 months | Learn more |
 SafeLend Auto Loan Refinance | Min $10,000 | 6.93% – 19.99% | 18 – 96 months | Learn more |
| easyfinancial Car Loan | $500 – $150,000 | 9.99% – 34.95% | 9 - 240 months | Learn more |
| Fairstone Financial Car Loan | Up to $50,000 | Not listed | 6 – 60 months | Learn more |
 Car Loans Canada Car Loan | $5,000 – $65,000 | Up to 29.99% | 12 – 96 months | Learn more |
 Eden Park Car Loan | Not listed | Not listed | Not listed | Learn more |
 Auto Credit Deals Car Loan | $5,000 – $75,000 | Not listed | 12 – 96 months | Learn more |
 Birchwood Credit Solutions Car Loan | Up to $50,000 | Not listed | Up to 96 months | Learn more |
| LendCare Car Loan | Up to $50,000 | Not listed | Up to 60 months | Learn more |
| Helium Loans Auto Loan | $500 – $50,000 | Varies | 6 – 60 months | Learn more |
 Carloans411 Auto Loan | Not listed | Not listed | 12 – 84 months | Learn more |
 2nd Chance Automotive Car Loan | Not listed | Starting at 4.2% | Not listed | Learn more |
 Prefera Finance Recreational Vehicle Loan | Not listed | Not listed | Not listed | Learn more |
 Royal Bank of Canada (RBC) Auto Loan | Starting $7,500 | Not listed | 12 – 96 months | Learn more |
| Min $7,500 | Not listed | 12 – 96 months | Learn more | |
 Desjardins Auto Loan | $7,500 + | Not listed | 6 – 96 months | Learn more |
 Auto Capital Canada Car Loan | Not listed | Not listed | Not listed | Learn more |
 Canada Auto Finance Auto Loans | $5,000 – $45,000 | 4.90 % – 29.95% | Not listed | Learn more |
 Coast Capital Savings Car Loans | Not listed | Not listed | 24 – 84 months | Learn more |
 National Powersports Financing Vehicle Financing | Not listed | Not listed | Not listed | Learn more |
 Rifco Auto Loan | Not listed | Starting at 12.9% | Not listed | Learn more |
 National Bank Auto Loan | Not listed | Not listed | up to 96 months | Learn more |
 Scotiabank Auto Loan | Up to $1,000,000 | Not listed | Up to 15 years | Learn more |
 Credit River Capital Inc Auto Loan | Not listed | Not listed | Not listed | Learn more |
 DealerPlan Financial Auto Loans | Not listed | Not listed | Not listed | Learn more |
 iA Auto Finance Auto Loan | Not listed | Starting at 10.99% | Not listed | Learn more |
 LMG Finance Auto Loan | Not listed | Not listed | Not listed | Learn more |
 Toyloan Auto Loan | Not listed | Not listed | Not listed | Learn more |
 TD Bank Car Loan | Up to $50,000 | Not listed | Up to 96 months | Learn more |
 Santander Car Loan | Not listed | Not listed | Up to 96 months | Learn more |
| Lender | Loan amount | Rate | Term | Details |
|---|---|---|---|---|
 Alpine Credits Home Equity Loan | $10,000 – $500,000 | Starting at 10% | Not listed | Learn more |
 nesto Mortgage Loans | Min $110,000 | 4.14% – 6.29% | 24– 120 months | Learn more |
 Lotly Home Equity Loan | $5,000 + | 6% – 16% | 12 – 60 months | Learn more |
 Neo Mortgage Neo Mortgage™ | Not listed | From 3.60% | 6 – 60 months | Learn more |
| easyfinancial Secured Loan | $500 – $150,000 | 9.99% – 34.95% | 9 - 240 months | Learn more |
| Fairstone Financial Second Mortgage & Refinancing | Second mortgage: up to $300,000 | 14.99% – 20.25% | 12 – 60 months Amortization up to 25 years (second mortgage) or 30 years (refinancing) | Learn more |
| Fairstone Financial Secured Loan | $5,000 – $60,000† | 19.99% – 25.99%* | 36 – 120 months | Learn more |
 Blue Pearl Mortgage Mortgage | Not listed | Not listed | Not listed | Learn more |
 Capital Direct Home Equity Loan | $10,000 – $3,000,000 | Varies | 12 – 24 months | Learn more |
 Dominion Lending Center Mortgage | Not listed | Not listed | Not listed | Learn more |
 Mortgage Architects Mortgage | Not listed | 4.54% – 7.49% | 6 – 120 months | Learn more |
 Mortgage Alliance Mortgage | Not listed | 4.19% – 6.04% | 12 – 120 months | Learn more |
 First National Financial LP Residential Mortgage | Not listed | 4.49% – 6.63% | 1 – 10 years | Learn more |
 CanWise Mortgages | Not listed | 4.24% – 6.30% | 6 months – 10 years | Learn more |
 CHIP Reverse Mortgage Reverse Mortgage | Up to 55% of home value | Not listed | 12 – 60 months | Learn more |
 Think Financial Mortgage | Not listed | Not listed | Not listed | Learn more |
 Tangerine Mortgage | $50,000+ | Not listed | 12 – 120 months | Learn more |
 True North Mortgage Mortgage | $150,000 – $1,500,000 | 2.99% – 5.49% | 6 – 60 months | Learn more |
 Verico Mortgage | Not listed | Not listed | Not listed | Learn more |
 Peoples Bank Mortgages | Not listed | 4.50% – 5.97% | 12 – 60 months | Learn more |
| Provider | Services | Details |
|---|---|---|
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| Lender | Loan amount | Rate | Term | Details |
|---|---|---|---|---|
 SharpShooter Funding Business Loan | $1,000 – $300,000 | 5.49% – 22.79% | 12 – 120 months | Learn more |
 Merchant Growth Term Financing | $5,000 – $800,000 | Not listed | 6 – 24 months | Learn more |
 OnTap Capital Business Financing | $10,000 – $2,000,000 | 10%+ | Up to 36 months | Learn more |
 Primed Loans Business Financing | $10,000 – $20,000,000 | Not listed | Not listed | Learn more |
 Bizcap Working Capital | Up to 2 million | Not listed | Flexible | Learn more |
 Driven Business Loan | $10,000 – $300,000 | Not listed | 3 – 24 months | Learn more |
 Journey Capital Business Term Loan | $5,000 – $300,000 | 9% – 35% | Varies by product | Learn more |
 Lending Loop Small Business Loan | $ 1,000 – $500,000 | 4.96% – 24.93% | 1 – 60 months | Learn more |
 IOU Financial Term Loan | $15,000 – $1,500,000 | Not listed | 6 – 36 months | Learn more |
 iCommission Commission Advance | Up to $40,000 | $0.75 per $1,000 per day | Not listed | Learn more |
| Helium Loans Business Term Loan | $500 – $50,000 | Varies | 6 – 60 months | Learn more |
 iCapital Commercial Loan | Up to $250,000 | Not listed | 3 – 24 months | Learn more |
 Canadian Equipment Finance Equipment Loan | $50,000 – $12,000,000 | Not listed | 24 – 96 months | Learn more |
 Easylease Corp Equipment Loan | Up to $5,000,000 | Not listed | 24 – 72 months | Learn more |
 Econolease Financial Services Inc. Equipment Leasing | $1,000 – $1,000,000 | 6% – 20% | Not listed | Learn more |
 FundThrough Invoice Financing | $500 – $50,000 | 2.75% – 8.25% | 12 week cycles | Learn more |
 Lease Link Working Capital Loan | Up to $250,000 | Not listed | Up to 48 months | Learn more |
 Money in Motion Equipment Loan | $10,000 – $1,000,000 | 4% – 14% | 12 – 84 months | Learn more |
| Royal Bank of Canada (RBC) Business Loan | Starting at $5,000 | Not listed | Up to 84 months | Learn more |
 Canadian Imperial Bank of Commerce (CIBC) Business Loan | Up to $1,000,000 | Not listed | Up to 15 years | Learn more |
 Fusion Credit Union Business Loan | Not listed | Not listed | Not listed | Learn more |
 BarterPay Barter Loan | BP 2,500 – BP 100,000 | Not listed | 6 – 60 months | Learn more |
| National Bank Business Loan | Up to $1,000,000 | Not listed | Not listed | Learn more |
 B2B Bank Investment Loan | $10,000 – $300,000 | Not listed | Not listed | Learn more |
 Bank of Montreal (BMO) Business Loan | Up to $500,000 | Not listed | Up to 15 years | Learn more |
 BDC Business Loan | Up to $100,000 | Not listed | 5 – 8 years | Learn more |
| Scotiabank Business Loan | Up to $1,000,000 | Not listed | Up to 15 years | Learn more |
 CanaCap Merchant Cash Advance | Up to $250,000 | Not listed | Not listed | Learn more |
 Laurentian Bank of Canada Business Loan | Up to $250,000 | Not listed | Up to 10 years | Learn more |
 Essex Lease Financial Corporation Equipment Loan | Not listed | Not listed | Not listed | Learn more |
 Export Development Canada Commercial Financing | Not listed | Not listed | Not listed | Learn more |
 Leaseline Equipment Leasing | Not listed | Not listed | 24 – 60 months | Learn more |
 Peel Financial Equipment Loans | Not listed | Not listed | Not listed | Learn more |
 Loop Business Line of Credit | Up to $1,000,000 | From 1.2% per month | Not listed | Learn more |
| TD Bank Business Loan | Not listed | Not listed | 12 – 60 months | Learn more |
 2M7 Financial Solutions Merchant Cash Advance | $1000 – $250,000 | Not listed | Not listed | Learn more |
| Lender | Loan amount | Rate | Term | Details |
|---|---|---|---|---|
 LendDirect Secured Loan | Up to $25,000 | 24.99% – 34.99% | Not listed | Learn more |
 BHM Financial Title Loan | Up to $50,000 | Not listed | Not listed | Learn more |
| Lender | Loan amount | Rate | Term | Details |
|---|---|---|---|---|
 Afterpay Buy Now Pay Later | Varies | 0% | 6 or 8 weeks | Learn more |
Last updated: October 29, 2026
Many Canadians need access to a car or other motor vehicle to get around. The residents of Manitoba, like yourself, are no exception. Whether it’s for going to work, school, the grocery store, or to simply avoid Canada’s ever-changing weather conditions, any car can be an extremely beneficial asset.
Looking for a personal loan in Manitoba? Try reading this.
Reasons You Might Need a Car Loan
While it’s possible to find a second-hand, fixer-upper car for sale in your neighborhood, a more reliable one might be a better choice. When you need your car for daily activities, you probably want one that’s not in danger of breaking down all the time.
Other reasons Manitoba consumers would need a car loan:
- Cars, even used ones, can be very expensive. Most consumers can’t afford to pay for a new or slightly used car with cash, cheques or credit cards.
- For the sake of their other expenses. Since you would be paying the car back through installments, you should still have some money left over to pay for your other regular costs (groceries, living expenses, etc.). You can even afford all the expenses that come with any vehicle (fuel, insurance, registration, etc.)
- To upgrade to a better or more efficient model. Maybe you’re already driving a gas-guzzler or you’re sick of spending money trying to keep your old car running. Whatever the reason, a new model can certainly upgrade your lifestyle.
- To upgrade to a larger model. You could also want a bit more cargo space. Then again, it might be because you have a spouse and children to think about. After all, a minivan is roomier and safer than a sports car.
- An accident or a breakdown has occurred. Even if you love the car you’re driving now, remember that anything can happen while you’re on the road. When something inevitably goes wrong, making your car undrivable, scrapping it and getting a car loan instead can save you a lot of stress.
I Want To...
Getting Approved for a Car Loan
As it is with most credit products, it’s essential to show your lender that you’re worthy of the potential credit they’re letting you borrow. Any car, new or used, can cost a pretty penny, so lenders want to be certain that their clients can pay off their loan in full by the end of their payment term. So, be prepared for your lender to examine:
- Your credit - The lender might perform a “hard inquiry” to view your credit report and credit score. By doing this, they’ll be able to see how you’ve been handling your other active credit products.
- Your employment/income - You could be paying off your car loan for years, so your lender will want to confirm that you have (and will continue to have) steady employment and enough income to justify all your payments.
- Your other outstanding debts - For obvious reasons, some lenders might deny your applications when they examine your credit and finances, only to discover that you already owe money all over town.
However, your approval chances and interest rate may also depend on:
- The type of vehicle you want - When it comes to more expensive or newer makes and models, the application process is likely to be more strict and your approval harder to receive. If you are approved, watch out, because your interest rate will probably be much higher than a cheaper or older model.
- What your dealership’s inventory looks like - Who knows? Your dealership might specialize in luxury models, used models, hybrids/electric cars, etc. If you want a higher priced make/model, but your credit and finances aren’t up to the dealership’s standards for lending, you may have to search elsewhere.
- The size of your down payment - One way of gaining both approval and a lower interest rate is by making as a large of a down payment on your car as you can. Not only does this look good to your lender, you’ll also be saving money over time, because more of the car’s principal cost will be paid down, reducing your overall payment period.
- Your own wants and needs - Let’s not forget the most important element of all, your own lifestyle. No matter what your credit looks like or how easily you’ve been able to keep up with your debts, none of it matters if your new car loan won’t fit comfortably into your budget. Before applying, make sure you can afford all your payments, interest rates, other fees, a good warranty, etc. If approved, your car loan could be putting you in debt for years to come and it’s essential not to let that debt get out of hand.
Looking for even more information about your auto financing options? Click here.
Types of Vehicles You Can Have Access To
Once again, the vehicle you’re actually approved for will depend largely on your financial health over the last few years. However, once you are approved, you should be able to buy almost any make or model, including but not limited to:
- Toyota
- Honda
- Volkswagen
- Subaru
- Tesla
- Nissan
- Ford
- Recreational vehicles (motorhomes, boats, ski-doos, ATVs, motorcycles, etc)
Trading in Your Used Vehicle
If you’re on the hunt for your next vehicle, you might be wondering if you can trade in your old car. Yes! There are plenty of dealerships in Manitoba that accept trade-ins. Essentially, your vehicle will be inspected to determine its current market value. If it qualifies, the dealership may discount part of that value from the price of the new one.
However, when considering a trade-in, it’s important to understand the value of your used vehicle and how it drops the more you drive it. That’s right, most cars, even brand new ones, lose around 11% of their value as soon as you leave the dealership. So, it’s best to have your expectations low during the trade-in evaluation. Being that your dealership has to resell the car at a profit, you probably won’t receive anywhere near what the vehicle is worth. However, even if you’re only saving a couple of hundred, even a thousand dollars, at least you’re still saving.
Want to know if you can trade in a vehicle that isn’t paid off? Find out here.
Using Your Vehicle’s Title to Borrow
If you already own your vehicle completely, you can also use it to borrow loan money by leveraging its title. As it would be with a trade-in, your vehicle with be inspected and quoted at a certain market value. If that value is high enough to qualify, your lender will grant you a loan using your vehicle’s title as collateral. Be warned, however, that since the loan is secured against your vehicle, your lender has the right to repossess it in the event that you start missing your loan payments!
Here’s how you can get a car loan after a repossession.
Frequently Asked Questions
Can I still get a car loan in Manitoba if I have bad credit?
Even with a low credit score, you can find lenders in Manitoba willing to work with you to get a car loan. That said, by having bad credit, it is inevitable that you’ll pay higher interest rates — anywhere between 8.99% to 29.99%. In order to get in the lower end of that range, there are some key factors you can consider. Consider putting in the highest down payment you can afford to help lower the rate. Also, assuming it aligns with your budget, always opt for a newer car over a used car, as the rates tend to be lower due to retained value. Lastly, consider a shorter loan term to further lower the interest rate. Don’t be too swayed by lower monthly payments with longer-term loans because you’ll be paying more for the vehicle overall. Regardless of these factors, at a bare minimum, to be considered for a car loan, you should have at least 3 months of employment at $1600 to $2000 per month, a valid Manitoba driver’s license and a bank account.
Are there prepayment penalties for car loans in Manitoba?
Determining if you should pay off your car loan early is based on a few factors. If you have an “open-end” contract, then paying it off early will certainly mean less interest paid and more money saved. However, if you have a “closed-end” or “fixed-term” car loan contract, then it might be a bit trickier to determine if early payments are worth it. If your contract stipulates a precalculated interest, then it is expected that you pay the same amount whether it is paid off early or on time. However, even these types of strict contracts have some flexibility. They may allow you to make an early payment to save interest, but they’ll charge a lesser prepayment penalty to compensate. Most of the time, you’ll still come out ahead having saved a bit on the interest. Better yet, you may have a “prepayment privilege”. This is an extra amount that you can make on top of your regular payments without having to pay any kind of penalty. In this case, you want to take advantage of the prepayment privilege whenever possible.
Can I refinance my car to get a lower monthly payment?
Car loan refinancing is a way to create a new loan out of your old loan. You can stick to the same provider or have it taken over by a new lender. There are different ways you can benefit from refinancing your vehicle. Cash-out refinancing, for example, lets you transform your car loan to include a portion which is a cash loan. The amount will depend on the equity in the vehicle. Another way car refinancing can be used is to lower your monthly payments. Although this might mean you pay more in the long run, it could mean easier to manage monthly payments. Finally, car refinancing could help you save money overall if you can score a better interest rate and/or a shorter term to save money on interest charges.
Getting Your Car Loan Through Us
If you’re a Manitoba driver and you’ve been looking for the right car loan for your financial needs, your search ends here at Loans Canada. Don’t be shy! Contact us today and we’ll get you squared away with the best sources of car loans in your area.
