Personal Loans for $5000 or Less

Banks like to focus on helping people with large secured loans, like mortgages. At Loans Canada we understand that sometimes you need a smaller loan to help with the small amounts of debt that are sometimes hard to avoid.

We specialize in personal loans and want to help you achieve your financial goals – including when you need a loan of $5000 or less. So whether you need the loan to help pay off credit card debt, purchase a car or help with a student loan that’s getting out of hand, we’re ready and willing to help!

Do you have a bad credit score?

Going through the whole loan application process with a bank just to get rejected because of a bad credit score is not an experience anyone wants to go through. Bad credit can make it harder to get a loan (more on that in this blog post) – on the other hand, we will work hard to find you a private lender who wants to help you. Private lenders don’t have follow the strict underwriting procedures that banks follow and therefore they’re more willing to work with those who have had financial trouble in the past.

Are you thinking of getting a payday loan?

If you’re thinking about taking out a payday loan to cover your debts make sure you understand fully what a payday loan is. Predatory payday lenders have designed their loans to keep you in the payday loan cycle, where you’ll have no other choice but to take out another loan and another loan, until you’re completely overwhelmed with debt.

If you’re looking to borrow less than $5,000, we recommend you apply for an unsecured installment loan through us instead.

Consider an unsecured loan from Loans Canada!

An unsecured personal loan from Loans Canada will allow you to qualify for more money, pay back your debts more efficiently and avoid getting trapped in the payday loan cycle. With a loan from Loans Canada you’ll have a longer payment period where you’ll pay affordable installments.

There is an application that you must fill out so that we can connect you with a lender, but the loan specialists we connect you to will work directly with you. Your interest rate will be much lower than that of a payday loan, there are no hidden fees and you’ll know the exact amount that you need to pay each month. Moreover, as you’re looking for a small unsecured personal loan the process is less complicated than if you were to go to bank and your chances of being approved are a lot higher!

Get more information!

Feel free to contact one of our loans specialists for more information about Loans Canada. They will provide all the information you need to make an informed decision about your loan needs.


All consultations and conversations with Loans Canada and its partners are confidential and risk-free. Speak with a trusted specialist today and see how we can help you achieve your financial goals faster.

Loans Canada and its partners will never ask you for an upfront deposit, upfront fees or upfront insurance payments on a loan. To protect yourself, read more on this topic by visiting our page on loan scams.