Consumer Capital Canada – Personal Loan
Consumer Capital Canada offers personal installment loans up to $12,500 for borrowers with fair to poor credit.
Installment loan capped at the 35% federal criminal interest rate.
Consumer Capital Canada is an online personal loan provider offering installment loans from $500 to $12,500 to Canadians who may not qualify at a traditional bank. It looks beyond credit score to overall affordability, making it an option for borrowers with fair or poor credit who have a steady income. Repayment terms run from 12 to 60 months with fixed monthly payments.
The application is completed online and decisions are usually made within one to three business days, with funds deposited directly to your bank account. Rates are higher than at a major bank but capped at the federal 35% APR limit for installment loans. Consumer Capital Canada can be a path to consolidating higher-cost debt into a single predictable payment, and on-time payments may help improve your credit profile over time.
✓ Pros
- Accessible credit requirements
- Useful for debt consolidation
- Predictable payments
- Larger amounts than payday loans
✗ Cons
- Higher APR than a bank
- Approval not guaranteed
- Income verification required
- Funding takes 1-3 days
Loan Example
Borrow $4,000 over 36 months at ~29.9% APR ≈ $169/month, total ≈ $6,080.
Eligibility Requirements
- ✓ Canadian resident, age 18+
- ✓ Steady verifiable income
- ✓ Active bank account
- ✓ Minimum income requirement
Loan Features
- Loans up to $12,500
- Fair and poor credit considered
- Fixed monthly installments
- Fully online process
Frequently Asked Questions
24-72 hours after submitting your application.
The minimum amount at Consumer Capital Canada is $500 CAD.