Summary
You can get an installment loan in Manitoba with bad credit. Through CashGo, you apply once and get matched with lenders in our network that typically offer $300 to $3,000, repaid over 90 to 120 days at 22% to 32% APR. Manitoba has some of the broadest high-cost credit rules in Canada: a loan of $5,000 or less counts as high-cost credit if its interest rate is above 32%, or if it charges any fee on top of interest. High-cost lenders must be licensed by Manitoba's Consumer Protection Office, and you can cancel within 48 hours. A Manitoba payday loan can cost up to $14 for every $100 borrowed: on $500, that's $70 due at once, compared with about $25 spread over seven payments for a typical installment loan.
How installment loans work in Manitoba
An installment loan is a personal loan you repay in equal, scheduled payments that line up with your pay, whether you're paid weekly, every two weeks, twice a month or monthly. Each payment covers part of what you borrowed plus interest.
You apply once online, from anywhere in Manitoba. CashGo sends your application to lenders in our network. A lender that can help contacts you and asks you to complete Instant Banking Verification, a read-only look at your recent transactions; you don't need to send ID or paperwork. The lender then shows you the rate, every fee and the total you'll repay, and deposits the money once you sign its contract, often the same day.
CashGo is not a lender. Each lender sets its own rate, fees and schedule.
How Manitoba regulates high-cost loans
Manitoba's high-cost credit rules cover two kinds of loans. The first is any loan with an annual interest rate above 32%. The second is a loan of $5,000 or less, for up to two years and not secured by your property, that charges interest of up to 32% plus one or more fees, such as a fee paid to the lender or to a third party.
Some lenders in our network charge membership fees, so a loan you're offered may count as high-cost credit in Manitoba. If it does, the lender must be licensed with the Consumer Protection Office, and you get these protections:
- Before you sign, the lender must give you a disclosure document with the APR, the interest rate, the total cost and the fees.
- You can cancel the agreement within 48 hours, not counting Sundays and holidays.
- The lender can't charge you a fee for paying the loan off early.
- The lender can't hold back part of the amount you borrowed.
Payday loan rules in Manitoba
- A payday loan can't cost more than $14 for every $100 borrowed. These loans are for up to $1,500 and 62 days.
- A single payday loan can't be more than 30% of your net pay.
- You can cancel within 48 hours, not counting Sundays and holidays.
- A replacement, extension or renewal loan, or a new loan taken within seven days of repaying another, can cost no more than 5% of the amount borrowed.
- A lender can't take security for the loan or have you sign a document that lets it collect from your employer, and you can't have two payday loans at once.
- Every location that offers payday loans to Manitobans, including online, needs a licence.
What an installment loan costs in Manitoba
Most lenders in our network offer these terms. They were last reviewed November 2026.
| Loan amount | $300 to $3,000 |
|---|---|
| Annual percentage rate (APR) | 22% to 32% |
| Repayment period | 90 to 120 days |
| Payments | Weekly, every 2 weeks, twice a month or monthly |
| Membership fees | May apply, included in the total your lender shows you |
The same $500, two ways
| Manitoba payday loan | Installment loan at 32% APR | |
|---|---|---|
| How you repay | All at once on your next payday | 7 payments every 2 weeks over 98 days |
| Each payment | $570.00 | About $74.98 |
| Cost of borrowing | $70.00 | About $24.86 |
| Total repaid | $570.00 | About $524.86 |
Payday loan at the $14 per $100 maximum. Installment example at 32% APR, the top of the typical range, before any membership fees; your lender's figures may differ.
Under the Criminal Code, lenders in Canada can't charge more than a 35% annual percentage rate, including fees and other costs of getting the loan. That limit has applied since January 1, 2025. Estimate payments for your own amount.
Checking a lender and making a complaint
Manitoba's Consumer Protection Office licenses payday lenders and high-cost credit grantors. To check a lender's licence or ask about your rights, call 204-945-3800 or 1-800-782-0067, or email consumers@gov.mb.ca. You can also file a complaint with the office.
Before you sign, read the rate, every fee and the total you'll repay, and ask whether you can pay the loan off early.
Who can apply in Manitoba
- Be 18 or older
- Have a full-time job or steady self-employed income
- Not be in bankruptcy
- Be a Canadian citizen
- Have an online bank account you can verify
Bad credit doesn't rule you out, because lenders look mainly at your income and recent banking. You can apply from anywhere in the province, whether you live in Winnipeg, Brandon, Steinbach, Thompson, Portage la Prairie and Winkler or somewhere else. Applying doesn't commit you to a loan; you only agree to one when you sign a lender's contract.
Free help with debt in Manitoba
If you're borrowing to keep up with other debts, talk to a non-profit credit counsellor first. Non-profit counsellors offer free or low-cost help: they can work through a budget with you and may arrange lower payments with your creditors.
- Community Financial Counselling Services offers financial reviews, budgeting help and credit counselling in Manitoba. Call 1-888-573-2383 or visit its website.
- The Credit Counselling Society is a non-profit with an office in Winnipeg. Its counselling is free; a fee applies only if you join its debt management program.
- Credit Counselling Canada lists other accredited non-profit counsellors.
Our guide to payday loan alternatives compares cheaper ways to borrow.
Apply for an installment loan in Manitoba
One application, matched with lenders in our network. The only check is an online bank verification, and there are no documents to upload.
Sources
- Manitoba, High-Cost Credit Products Regulation, M.R. 7/2016: the definition of high-cost credit.
- Manitoba Consumer Protection Office, High-cost credit FAQ: licensing, disclosure and the 48-hour cancellation right.
- Manitoba, The Consumer Protection Act: no prepayment fees for high-cost credit.
- Manitoba, Payday Loans Regulation, M.R. 99/2007: the $14 per $100 maximum, replacement loans and the 30% of net pay limit.
- Manitoba Consumer Protection Office, Payday loans: cancellation, security and licensing.
- Manitoba Finance, Budgeting: Community Financial Counselling Services.
- Financial Consumer Agency of Canada, Payday loans: provincial payday loan cost limits.
- Criminal Code, section 347: the 35% annual percentage rate limit.
- Credit Counselling Canada: accredited non-profit credit counsellors.
- Typical network terms, last reviewed November 2026. Installment payments calculated with equal installments, interest per period = APR × days in period ÷ 365.
This page is general information, not financial or legal advice. Lenders set their own terms, and provincial rules change; check your contract and the sources above for your situation.