Bad credit Loans in Saskatchewan

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Canadian Lenders Association - Consumer Lender of 2023

Bad credit Loans in Saskatchewan

Ready to apply? Enter your email and get up to $35,000 today.

Continue

Approval Within Hours | Same-Day E-Transfers

Receive promotions and updates from Spring Financial. It’s free and you can opt-out at any time. By clicking "Continue" you agree to the terms and conditions and privacy policy.

How to Get Bad Credit Loans in Saskatchewan

In Saskatchewan, there are a few different ways to get bad credit loans. The most common way is by completing the application process online with alternative lenders instead of traditional lenders. These online lenders, like Spring Financial, can get you the funding you need fast, with reasonable interest rates.

Depending on which financial institution you use, though, you may be able to get a bad credit loan through banks or credit unions. Many financial institutions will offer you a bad credit loan for loan consolidation purposes if you have a good relationship with them and are using the funds to pay off financial products that you have with them. They will still run your credit report, though.

How it works

1. Fill out our secure online application

Say goodbye to branch visits and long queues – everything can be done from the comfort of your device.

2. Get approved

Our dedicated team will promptly review your application and provide you with an approval within a matter of hours.

3. Receive your funds!

Once approved, receive your funds swiftly through a convenient e-Transfer directly to your bank account!

1. Fill out our secure online application

Say goodbye to branch visits and long queues – everything can be done from the comfort of your device.

2. Get approved

Our dedicated team will promptly review your application and provide you with an approval within a matter of hours.

3. Receive your funds!

Once approved, receive your funds swiftly through a convenient e-Transfer directly to your bank account!

Get a Loan Quote

How Much Can You Get With Bad Credit Loans?

In Saskatchewan there are a few main types of bad credit loans you can get. These are unsecured loans and secured loans. Both of these types of loans can help you get the funds you need, but they may not offer prime interest rates. With either type of loan, you can get anywhere from $500 to $50,000. Sometimes higher, depending on the purchase.

Unsecured and secured loans are both forms of installment loans. Unsecured loans are cash loans that are given to you with the assumption that you’ll pay the cashback. Secured loans are similar except for the fact that they require collateral. The most common types of secured loans are car loans, mortgages, and home equity loans. A common type of unsecured loan you may hear about is payday loans, but they cost much more than a traditional unsecured loan and offer lower loan amounts of around an average of $1,500.

Loan Amount: $15,000

Duration (in months): 24

Payment Frequency

Your estimated bi-weekly instalment will be

$ 357 - 439 *

* Interest rates will vary depending on each application. Apply with Spring to see your options.

Get a Loan Quote

Credit Score Needed for a Bad Credit Loan

In Canada, the higher the interest rate that you’ll get approved for is based on your credit history as well as your credit score. Those with a good credit score (690 or higher) are more likely to get the best interest rates. That said, you can still get a loan with a bad credit score.

If you’re looking for an unsecured loan, it’s recommended that you have at least a credit score of 500 or higher. You can still get a bad credit loan with a score below 500, but your approval chances are lower. In a case like that, lenders will focus more on your credit history to see if you meet their minimum requirements.

Frequently Asked Questions

How do payday loans differ from personal loans?

Payday loans have a much higher interest rate than personal loans. The rate is around 300% and they don’t affect your credit score in a positive way.
How long does it take to receive the funds?

Depending on the lender you use, you can receive your loan in your bank account the same business day, or you may have to wait a few weeks.
How do personal loans increase your credit score?

They increase your credit score every time you make your monthly loan payments on time. Late payments will have a negative impact on your credit score.
Why should you get a personal loan?

There are quite a few reasons to get a personal loan. These include increasing a poor credit score, making a large purchase, paying unexpected expenses, consolidating debt, and doing home renovations. You don’t need to be having financial problems to get a personal loan.
Do you have to be employed to get a loan?

No. While lenders do require your employment status, you can get a loan as long as you have a stable income. You can receive this from many sources, including income assistance. If you’re employed, they will ask for pay stubs, though.
How do you receive the funds from a personal loan?

When you get approved for a personal loan, it will be put in your account through direct deposit or e-transfer.

Get a Loan Quote

Interest Rates on Bad Credit Loans in Saskatchewan

Depending on where you get your bad credit loan, interest rates can vary. If you take out a bad credit personal loan, interest rates in Canada can legally go up to 60%, including fees. However, the interest rates on payday loans can be 300% or higher. That said, bad credit personal loans can help improve your credit score, while payday loans can’t.

With many bad credit loans, you can also repay the personal loan early with no prepayment penalties. This can also save you a lot of money in interest, depending on your loan term and the amount that you borrowed, by reducing the total cost. Most lenders, especially online-only lenders, offer this with their online loans.

Why choose Spring Financial?

	spring	Bank Loans	Credit Cards	Payday Loans
Max Amount Max Amount	Max Amount $35,000	Max Amount $50,000	Max Amount $10,000	Max Amount $1,500
Interest Rates From Interest Rates From	Interest Rates From 9.99%	Interest Rates From 9.99%	Interest Rates From $19.99%	Interest Rates From 200-450%
Fully Online Application Fully Online Application	Fully Online Application	Fully Online Application	Fully Online Application	Fully Online Application
Approval Within Hours Approval Within Hours	Approval Within Hours	Approval Within Hours	Approval Within Hours	Approval Within Hours
Same-Day E-Transfer Same-Day E-Transfer	Same-Day E-Transfer	Same-Day E-Transfer	Same-Day E-Transfer	Same-Day E-Transfer

Max Amount $35,000

Interest Rates From 9.99%

Fully Online Application

Approval Within Hours

Same-Day E-Transfer

Max Amount $50,000

Interest Rates From 9.99%

Fully Online Application

Approval Within Hours

Same-Day E-Transfer

Max Amount $10,000

Interest Rates From $19.99%

Fully Online Application

Approval Within Hours

Same-Day E-Transfer

Max Amount $1,500

Interest Rates From 200-450%

Fully Online Application

Approval Within Hours

Same-Day E-Transfer

Apply Now

*Information is based on averages and may vary by institution or lender. It is not intended to address specific circumstances or any individual case.

Bad credit Loans in Saskatchewan

Ready to apply? Enter your email and get up to $35,000 today.

Bad credit Loans in Saskatchewan

Ready to apply? Enter your email and get up to $35,000 today.

How to Get Bad Credit Loans in Saskatchewan

How it works

1. Fill out our secure online application

2. Get approved

3. Receive your funds!

1. Fill out our secure online application

2. Get approved

3. Receive your funds!

How Much Can You Get With Bad Credit Loans?

Let’s find out what your loan payments could look like

Your estimated bi-weekly instalment will be

$ 357 - 439 *

Credit Score Needed for a Bad Credit Loan

Frequently Asked Questions

Interest Rates on Bad Credit Loans in Saskatchewan

Why choose Spring Financial?

About Spring Financial

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