Pay it back over months, not on your next payday.
Apply once and we'll match you with lenders that offer installment loans to people with bad credit, in Ontario and seven other provinces.
Applying doesn't commit you to a loan. You only agree to one when you sign a lender's contract.
How to get an installment loan with bad credit
You can do it all online, without faxing anything or visiting a branch.
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Apply once
Fill out one short form from your phone or computer. We match it with lenders in our network.
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Verify your bank online
The lender reviewing your application asks you to confirm your bank account with Instant Banking Verification. In most cases there are no documents to send.
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Sign and get paid
If you're approved, the lender sends your contract. Many lenders in our network deposit funds the same day it's signed.
Who can apply
The lenders in our network don't run credit checks. To apply you need to:
- Be 18 or older
- Have a full-time job or steady self-employed income
- Not be in bankruptcy
- Be a Canadian citizen
Installment loans vs payday loans
A payday loan has to be repaid in full on your next paycheque. When that's not possible, one payday loan turns into two or three, and the cycle gets harder to escape.
An installment loan spreads the cost over months (typically 90 to 120 days), in payments that line up with your pay schedule. You can budget for it, and one tight week doesn't snowball.
Already juggling several loans? Some lenders in our network offer a consolidation loan that replaces them with one payment.
Compare payday loan alternatives in Canada, including what each one costs.
What installment loans cost
Each lender sets its own terms. These are typical of what most lenders in our network offer.
| Loan amounts | $300 to $3,000 |
|---|---|
| Annual percentage rate (APR) | 22% to 32%, based on the risk of the application |
| Repayment period | 90 to 120 days |
| Membership fees | May apply, shown in your contract |
Typical terms, last reviewed November 2026. Payment schedules and other fees are on How it works.
Representative example
A $300 loan at 32% APR over 98 days is repaid in 7 payments of about $44.99, every two weeks.
Total repaid: $314.93, of which $14.93 is the cost of borrowing.
Use it for what you need
You don't have to explain why you're borrowing. People use installment loans for:
- A used car for getting to work
- Paying down credit card debt
- Unexpected medical bills
- Rent or bills that are behind
- Urgent car repairs
- Tuition or school supplies
- Starting a small business
- A home repair or renovation
Rebuild your credit with a secured card
The Achilles Secured Mastercard® is offered through Achilles Finance, a partner in our network, and issued by Zūm Rails. The deposit you put down sets your credit limit, and every payment you make on time adds to your credit history.
| Monthly price | $12.99 plus tax, with no interest charged on that fee |
|---|---|
| Security deposit | $200 to $5,000 |
| Credit limit | The same as your deposit |
| Credit reporting | Zūm Rails reports your payments to Equifax. Late or missed payments can be reported too. |
Interest and fees on purchases are set out in the cardholder agreement you sign with Zūm Rails.
Check if you qualify on the Achilles Finance website, then apply there.
Just want a card for everyday spending? The Achilles Prepaid Mastercard® costs $9.99 a month plus tax. You load it and spend what you loaded, anywhere Mastercard is accepted. It has no credit line and no interest, and it doesn't build credit. Checking if you can get it takes one question, your province, with no credit check.
Both cards are issued by Zūm Rails. Mastercard is a registered trademark, and the circles design is a trademark of Mastercard International Incorporated.
Common questions
Is CashGo a lender?
No. CashGo matches your application with partner lenders in our network. If a lender accepts it, that lender contacts you, provides the loan, sets the rate and fees, and handles your payments.
Do I have to repay my loan on my next pay?
No. These aren't payday loans. Installment loans from lenders in our network are typically repaid over 90 to 120 days, in payments that follow your pay schedule.
How much can I borrow?
Most lenders in our network offer $300 to $3,000. The lender may offer less than you asked for after reviewing your application, so the payments fit your budget.
Can I apply if I'm self-employed?
Yes, as long as you have steady income that matches the payment schedule.