Best Installment Loans Mississauga, Ontario 2019

Compare the best lenders in this region:

	Loan Amount	Rate	Term (Months)	Rating	Rating
1562198400	$500 - $15,000	15.99 - 39.99%	6 - 60		4 / 5
1560124800	Up to $15,000	29.99% - 46.96%	9 - 60		4 / 5
1545955200	-	-	24		5 / 5
1552262400	$1,000 - $15,000	19.90% - 46.90%	12 - 60		4 / 5
1551830400	$100 - $1,000	546% APR	14 days		2 / 5
1569974400	$500 - $50,000	15 - 30%	-		5 / 5
1551830400	$1,000 - $15,000	19% - 46.95%	6 - 60		4 / 5
1551398400	Up to $1,500	15% - 19%	14 days		4 / 5
1551398400	$100 - $1,500	15% - 17%	14 -31 days		4 / 5
1551398400	$500 - $1,000	28% - 32%	-		5 / 5
1551398400	-	-	14 days		3 / 5
1541030400	Up to $35,000	5.15%+	-		5 / 5
1546128000	Up to $5,000	19.9% - 45.9% APR	6 - 36		4 / 5
1551139200	$250 -$1,250	29%	3 - 6		5 / 5
1551139200	$5,000 - $35,000	9.9%+ APR	36 - 60		3 / 5
1551139200	Up to $15,000	46.93% APR	-		5 / 5
1550534400	$300 - $25,000	7.95%+	36 - 60	-	-
1550534400	$100 - $1,500	-	14 days		3 / 5
1569974400	Up to $1,500	15% - 23%	-		5 / 5
1550534400	Up to $1,500	Up to 59% APR	14 days		2 / 5
1550534400	$2,500 +	-	-		5 / 5
1550534400	$500 - $1,000	28% - 32%	3 -5		5 / 5
1550534400	$300 - $1,000	38% APR	3 - 4		5 / 5
1549411200	$100 - $1,000	546% APR	14 days		2 / 5
1549411200	$1,000 -$15,000	46.93%	12 - 60		2 / 5
1549238400	$500 - $1,000	28% - 32%	4 - 5		2 / 5
1549238400	$100 - $1,500	90% - 390% APR	14 days		5 / 5
1549238400	$250 - $1,000	29% APR	3 - 4		3 / 5
1548720000	$500 - $1,000,000	12%	12		5 / 5
1548720000	$1,000 - $50,000	4.6% – 49.96%	3 - 60		5 / 5
1548633600	$300 - $7,500	29.9% - 39.9%	6 - 60		5 / 5
1548633600	$50 - $1,500	-	14 days		2 / 5
1545955200	Up to $20,000	19% - 49%	36 - 48		4 / 5
1545264000	$2,000 - $10,000	-	12 - 60		5 / 5
1545264000	$500 - $10,000	12.99% – 39.99%	9 – 36		4 / 5
1545264000	$500 – $10,000	Starting at 9.90%	12 - 36		5 / 5
1545264000	Up to $30,000	19.99% – 39.99%	Up to 60		2 / 5
1545177600	$2,000 – $10,000	34.9% – 43%	12 - 60		4 / 5
1545264000	$500 - $12,500	19.99%+	12 - 60		4 / 5
1545350400	Up to $1000	30%	3 - 5		3 / 5
1545350400	Up to $5,000	60%	6 - 60	-	-
1545350400	Up to $3,000	22% - 35%	3 - 4		5 / 5
1545350400	Up to $7,000	-	6 – 60		5 / 5
1545350400	$500 - $2,500	29% - 46.95%	6 - 36		5 / 5
1545350400	$500-$1000	28%-32%	3		4 / 5
1545350400	$500 – $750	28% – 34.4%	3		4 / 5
1545350400	$500 – $750	23% - 34.4%	3 – 12		4 / 5
1545350400	$300 - $1500	27% - 35%	3 - 4		4 / 5
1545264000	$500 - $35,000	29.99% – 46.96%	9 - 60		3 / 5
1545264000	$300 – $35,000	5.9% - 45.9%	24 - 60		4 / 5
1568937600	$50 – $10,000	-	Up to 62 days		5 / 5
1545177600	$1,000 - $35,000	5.99% to 29.19%	36 - 60		5 / 5
1545177600	Up to $20,000	19.99% - 46.8%	6 - 60		5 / 5

	Loan Amount	Rate	Term (Months)	Rating	Rating
1545955200	$5,000 - $150,000	5.49% - 22.79%	12 - 60		5 / 5
1552262400	$500,000 - $10,000,000	-	-		5 / 5
1552262400	-	Competitive	-		5 / 5
1541030400	Up to $35,000	-	-		5 / 5
1552262400	-	-	-		5 / 5
1552262400	Up to $250,000	-	Up to 10 years		5 / 5
1552262400	-	-	-		5 / 5
1552262400	Up to $1,000,000	-	-		5 / 5
1551830400	Up to $100,000	-	-		5 / 5
1551830400	$10,000+	-	Up to 15 years		5 / 5
1551830400	Up to $1,000,000	-	Up to 15 years		3 / 5
1551830400	Up to $500,000	-	Up to 10 years		3 / 5
1551830400	$5,000 - $10,000	-	Up to 7 years		5 / 5
1551398400	$3,500+	-	-		5 / 5
1551398400	$5,000+	4.9% - 24.99%	18 - 48		5 / 5
1551398400	$10,000 - $1,000,000	4% - 14%	12 - 84		5 / 5
1551139200	Up to $75,000	-	Up to 18		5 / 5
1550534400	$500-$50,000	0.5% weekly	12 week cycles		5 / 5
1550534400	$1,000 - $1,000,000	6% - 20%	-		5 / 5
1550534400	Up to $5,000,000	4.5%	24 - 72		5 / 5
1550534400	$5,000 - $200,000	-	-		5 / 5
1549411200	$50,000 - $12,000,000	-	24 - 96		5 / 5
1549411200	$5,000 - $1,000,000+	-	1 - 60		5 / 5
1549238400	$5,000 - $1,000,000	-	3 - 24		5 / 5
1548720000	$5,000 - $5,000,000	-	4 - 18		5 / 5
1548720000	Up to $100,000	6.05% +	60		2 / 5
1548720000	$10,000+	18% - 22%	-		5 / 5
1548720000	$10,000 - $300,000	4.70% - 5.45%	-		5 / 5
1548633600	Up to $5,000,000	5% - 10%	12 - 60		5 / 5
1545177600	$1,000 - $35,000	5.6% – 25.5%	36 – 60		5 / 5
1545264000	$5,000 - $250,000	-	3-18		5 / 5
1545264000	$5,000 - $150,000	-	3 - 24	-	-
1545350400	$5,000 – $100,000	15% +	12 – 18		5 / 5
1545264000	$5,000 – $100,000	Starting at 6.87%	3 – 18		5 / 5
1545177600	$5,000-$250,000	9.99%	6 - 24		5 / 5
1545177600	$10,000 – $300,000	Starting at 6.99%	4 – 18		5 / 5
1545177600	$5,000 – $500,000	Starting at 5.9%	3 – 60		5 / 5
1561507200	Up to $300,000	-	-		5 / 5

	Loan Amount	Rate	Term (Months)	Rating	Rating
1569974400	$7500 - $59,995	3.95% +	12 - 96	-	-
1562112000	-	Up to 49.9%	-	-	-
1561507200	-	-	-		5 / 5
1561507200	-	-	Up to 84 months		5 / 5
1560124800	$500 - $35,000	$29.99% – 46.96%	9 - 60		5 / 5
1551830400	Up to $30,000	-	-		5 / 5
1551830400	Up to $25,000	5.75% - 9.9%	12 - 60		5 / 5
1550534400	-	-	-		5 / 5
1548720000	-	-	-		5 / 5
1548633600	-	4.2%+	-		5 / 5
1545955200	Up to $20,000	19% - 49%	36 - 48		4 / 5
1545264000	$500 - $10,000	12.99% – 39.99%	9 – 36		4 / 5
1545177600	Up to $50,000	-	-		5 / 5
1545177600	$5,000 – $40,000	-	12 – 72		5 / 5
1545177600	-	-	Maximum 84		5 / 5

	Loan Amount	Rate	Term (Months)	Rating
1545955200	Up to $20,000	19% - 49%	36 - 48	4 / 5
1545264000	$500 – $10,000	Starting at 9.90%	12 - 36	5 / 5
1545264000	Up to $25,000	-	12 - 60	5 / 5

	Loan Amount	Rate	Term (Months)	Rating
1560124800	-	2.89% - 3.79%	-	5 / 5
1548720000	-	2.41% - 3.84%	-	5 / 5
1548720000	-	-	-	5 / 5
1548633600	-	-	-	5 / 5

Contents

1. Payment Plans Available

2. Payday Loans vs. Installment Loans

3. Can You Get an Installment Loan With Bad Credit in Mississauga?

4. When Does an Installment Loan Make Sense?

5. The Right Installment Loan For You

Life would be easy if everyone simply had enough money to do and purchase whatever they wanted. Unfortunately, that isn’t the case. While many will make enough to do so, that all depends on the cost of living in your area. Sometimes it’s necessary to get a loan to help pay for the things you need if you live in an expensive area.

For example, with Mississauga being the 14th most expensive place to live in North America, many residents will have to take out installment loans to pay for things like large purchases, emergencies, vehicles, and more. These installment loans can be a lifesaver. Keep reading for more information about taking out an installment loan in Mississauga.

Learn how to find the right personal loan for your needs, here.

Payment Plans Available

Installment loans can come in all different shapes and sizes. One of the major differences between them all is the payment plan they will utilize. The payment plan of your loan will dictate how often you are making a payment. This can also have an impact on how large your payments are and how much you end up paying in interest.

In general, there are a few different payment plans available with most loans and they include:

Weekly payments
Bi-weekly payments
Twice monthly payments
Monthly payments

Now, the one you choose is completely up to you. If you prefer making smaller and more frequent payments, going with weekly is probably right for you. However, if you want to make as few payments as possible and are comfortable with larger ones, paying monthly will work. There are many options and most lenders will be willing to work with you to come up with an option that works best.

What happens if you can’t make your payments on time? Find out here.

Of course, some lenders will only offer one of the above options, so be sure to find out all the important information before applying for a loan with a particular lender.

Payday Loans vs. Installment Loans

Can You Get an Installment Loan With Bad Credit in Mississauga?

So while getting an installment loan seems easy enough, what about if you have bad credit? Many who have bad credit are fearful that it will disqualify them from being able to get a loan. Well thankfully, this isn’t the case. Getting a loan with bad credit might be a little more expensive or difficult, but it is definitely possible. By this we mean they will often have higher interest rates and potentially stricter terms or more fees to deal with, as well. However, this isn’t always the case.

Many lenders in Mississauga and other cities throughout the province are willing to work with a wide range of individuals, including those with bad credit. These lenders will often use other ways to qualify people for a loan. Most of the time, it is done by looking at their bank statements or debt-to-income ratio to see how risky you are. Also, if you are willing to put up some form of collateral that can also significantly lower your risk in the eyes of many lenders.

Of course, it is also possible to hold back on getting a loan until your credit is in a better place. If you implement healthy financial changes such as making payments on time and using credit effectively, you might be shocked at just how quickly you will begin to see your credit score increase.

Take a look at this infographic for more information about credit scores.

When Does an Installment Loan Make Sense?

So in what situations does it make sense to take out an installment loan in Mississauga? Many of us need or want money for a lot of things, but when should we take out a loan and when should we simply save up? Well, taking out a loan is good in situations like:

When you have an emergency and need to cover the cost
As an alternative to a payday loan
When you want to make a large purchase that you simply cannot pay for in cash
To cover unexpected travel that you didn’t budget for

Of course, when taking out an installment loan, ensure it is for something you need. Taking out a giant loan for a brand new TV or expensive items of clothing isn’t always the best idea unless you absolutely know you can afford it in the long and short run.

In addition to needing the loan for a good reason, be sure to only take out a loan that you will be able to pay back. A loan is not free money; you will eventually need to be able to pay it back in full, plus any interest. If not, you could end up digging yourself into a financial hole you can’t get out of.

How do your loan payments affect your credit? Click here to find out.

The Right Installment Loan For You

Are you looking for an affordable installment loan to cover the cost of an emergency or large expense? Loans Canada can help by matching you a lender in your area.

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Posted by Kale Havervold

After dipping his toes into freelance writing while still enrolled in school, Kale decided to pursue freelance writing as his career after earning his Bachelors degree from the University of Regina. In his six-year career as a professional writer, Kale has focused on writing about finance, technology, cryptocurrency, entertainment, and sports. Kale work has been published on Yahoo, RentHop, the Regina Leader-Post, and ReboundFinance.com. Kale loves to create a wide variety of personal financ...