Get an $800 Personal Loan in Canada

Why an $800 Loan Makes Sense

An $800 personal loan provides substantial financial flexibility for Canadians facing moderate unexpected expenses. This loan amount strikes an ideal balance between covering meaningful costs and maintaining manageable monthly payments.

Popular Uses for an $800 Loan

Vehicle Maintenance and Repairs

From timing belt replacements to transmission repairs, many vehicle fixes fall into the $600-$1,000 range. An $800 loan ensures you can keep your transportation reliable without depleting your emergency savings.

Educational Expenses

Course materials, certification fees, or professional development costs often arise unexpectedly. An $800 loan can help you invest in your career without waiting until you have saved enough.

Pet Emergencies

Veterinary care for your furry family members can be expensive. Emergency vet visits, surgeries, or ongoing treatments can easily reach $800 or more.

Travel for Family Emergencies

When you need to travel unexpectedly for a family emergency, an $800 loan can cover last-minute flights, accommodation, and related expenses.

Qualification Criteria

Canadian lenders typically require the following for an $800 loan:

• Valid Canadian identification
• Age 18 or older (19+ in BC, NB, NS, NL, NT, NU, YT)
• Active chequing account
• Proof of regular income
• Minimum monthly income of $1,500

Understanding Interest Rates and Fees

Interest rates on personal loans vary based on your credit profile and the lender. Here is what to expect:

• Good credit (700+): APR typically ranges from 12% to 25%
• Fair credit (600-699): APR typically ranges from 25% to 35%
• Poor credit (below 600): APR may range from 35% to 46.96% (maximum allowed in most provinces)

Monthly Payment Examples

Payments vary based on interest rate and fees.

The Application Process

Getting an $800 loan is quick and convenient:

1. Submit your application online - Takes just 5-10 minutes
2. Receive instant pre-approval - Know your options immediately
3. Choose your lender and terms - Compare offers and select the best fit
4. Complete verification - Provide any required documentation
5. Receive your funds - Money deposited as soon as the next business day

Smart Borrowing Tips

• Only borrow what you need - While you may qualify for more, stick to $800 if that covers your expense
• Compare multiple offers - Different lenders offer different rates and terms
• Read the fine print - Understand all fees, including origination fees and prepayment penalties
• Have a repayment plan - Know exactly how you will make each payment

Ready to Apply?

365 Loans makes finding an $800 loan simple. Our streamlined application connects you with lenders across Canada who specialize in personal loans for all credit types. Apply now and discover your options.