Newcomers Loans in Ontario
Find and compare personal loans for newcomers to Canada with limited Canadian credit history — available to borrowers throughout Ontario. Our lending partners serve all major cities and communities across the province.
Newcomers Loan Lenders Serving Ontario (2026)
All lenders below operate across Canada (including Ontario) and comply with 35% APR (Criminal Rate of Interest cap). Starting APRs shown — your actual rate depends on credit, income and loan amount.
| Lender | Starting APR | Loan Range | Min. Credit | Funding |
|---|---|---|---|---|
| Spring Financial | 9.99% | $500 – $35,000 | No minimum | Same-day e-Transfer |
| Loans Canada (broker) | 9.90% | $300 – $50,000 | 300+ | 1–2 business days |
| Fairstone | 19.99% | $500 – $50,000 | 560+ | 1–2 business days |
| Mogo | 9.90% | $500 – $35,000 | 500+ | Next business day |
| easyfinancial | 29.99% | $500 – $20,000 | No minimum | Same-day |
About Newcomers Loans in Ontario
Newcomers to Ontario building their Canadian credit history can access personal loan options through our lending network. Many lenders recognize that recent immigrants may have limited Canadian credit and assess applications based on income and financial stability.
In Ontario, the Consumer Protection Act gives borrowers a 2-business-day cooling-off period to cancel most personal loan agreements without penalty. The Financial Services Regulatory Authority of Ontario (FSRA) licenses payday lenders separately, with a maximum cost of borrowing of $14 per $100 borrowed.
To get started, complete our short 2-minute application. We use a soft credit inquiry — this has no impact on your credit score. You only agree to a specific loan offer if you choose to accept it, at which point the lender may perform a full credit check.
Eligibility for Newcomers Loans in Ontario
- Be at least 18 years old and a resident of Ontario
- Have an active bank account for direct deposit
- Have a verifiable source of income
- Have a permanent address in Canada
- Newcomers and recent immigrants to Canada are eligible to apply
- Limited or no Canadian credit history is accepted — income is the primary factor
- Permanent residents, work permit holders, and recent citizens can apply
Communities in Ontario We Cover
Newcomers loan options are available to residents of every community listed below. Apply once and we match you with lenders serving your area.
Acton · Ajax · Alliston · Almonte · Ancaster · Angus · Arnprior · Atikokan · Aurora · Aylmer · Ayr · Baden · Bala · Bancroft · Barrie · Barry's Bay · Base Borden · Beeton · Belleville · Bolton · Bracebridge · Bradford · Brampton · Brantford · Brock · Brockville · Burks Falls · Burlington · Caledon · Caledonia · Callander · Cambridge · Carleton Place · Casselman · Chapleau · Chatham-Kent · Clarington · Clinton · Cobalt · Cobourg · Cochrane · Collingwood · Cookstown · Cornwall · Creemore · Deep River · Delhi · Deseronto · Dryden · Dundalk · Dundas · Dunnville · Durham · Ear Falls · East Gwillimbury · Elmira · Elora · Englehart · Erin · Exeter · Fergus · Flamborough · Flesherton · Fort Erie · Fort Frances · Galt · Georgetown · Georgina · Geraldton · Glanbrook · Gloucester · Goderich · Grand Valley · Gravenhurst · Grimsby · Guelph · Hagersville · Haileybury · Haliburton · Halton Hills · Hamilton · Hanover · Harriston · Hawkesbury · Hearst · Hespeler · Huntsville · Ingersoll · Innisfil · Iroquois Falls · Kanata · Kapuskasing · Kawartha Lakes · Kenora · Kincardine · King · Kingston · Kirkland Lake · Kitchener · Leamington · Lincoln · Lindsay · Lions Head · Listowel · London · Longlac · Manitouwadge · Marathon · Markdale · Markham · Matheson · Mattawa · Meaford · Midland · Milton · Minden Hills · Mississauga · Mono · Mount Forest · Nakina
Frequently Asked Questions About Newcomers Loans in Ontario
Can I get a newcomers loan anywhere in Ontario?▾
Are newcomers loan regulations different in Ontario?▾
What cities in Ontario can I apply from?▾
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