On EI Loans in Ontario
Find and compare personal loans for borrowers currently receiving Employment Insurance (EI) benefits — available to borrowers throughout Ontario. Our lending partners serve all major cities and communities across the province.
On EI 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 On EI Loans in Ontario
Canadians in Ontario who are currently receiving Employment Insurance (EI) can still apply for personal loans. Many lenders in our network accept EI as a valid income source when assessing applications.
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 On EI 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
- Employment Insurance (EI) is considered a valid source of income by many lenders
- Provide documentation of your current EI payments to support your application
- Loan amounts and eligibility are assessed based on your EI benefit amount
Communities in Ontario We Cover
On EI 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 On EI Loans in Ontario
Can I get a on ei loan anywhere in Ontario?▾
Are on ei loan regulations different in Ontario?▾
What cities in Ontario can I apply from?▾
How fast can I get a on ei loan in Ontario?▾
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