Premium Cash Loans in Canada
Trusted by thousands of Canadians
Choose your loan amount
Adjust the sliders to see how much you could borrow and what your payments might look like.
Your Estimated Payment
$91.43/ week
for 14 payments
Representative example: Borrowing $1,000.00 over 14 weeks with a $20.00 weekly fee. Total amount repayable: $1,280.00. Interest rate: 104.00% APR variable.
Applying won't affect your credit score
Quick loans between $500 and $2,500 available at all times!
How To Secure Your Instant Loan In Canada
Get the cash you need in just a few simple steps. Our process is fast, secure, and designed with your convenience in mind.
Complete the Online Loan Application
It takes just a few seconds to complete our online form with basic personal and financial information.
Instant Bank Verification (IBV)
Skip the paperwork. We verify your details instantly using secure IBV technology.
Get Your Money Fast
Once approved, receive your funds via direct deposit as soon as the same business day.
Why Choose Us
A Better Way to Borrow
We're committed to providing fair, transparent, and responsible lending solutions for Canadians.
Not a PayDay Lender
We offer flexible repayment terms starting from 62+ days, giving you the breathing room you need.
Transparent Fees
No hidden charges. Our administration fees are clearly stated and fully compliant with Canadian lending laws.
Regulatory Compliance
Our APRs are capped below 29% to ensure fair and responsible lending practices.
Ready to get started?
Join thousands of Canadians who trust us for their short-term lending needs.
Why Choose Us
A Better Way to Borrow
We're committed to providing fair, transparent, and responsible lending solutions for Canadians.
Not a PayDay Lender
We offer flexible repayment terms starting from 62+ days, giving you the breathing room you need.
Transparent Fees
No hidden charges. Our administration fees are clearly stated and fully compliant with Canadian lending laws.
Regulatory Compliance
Our APRs are capped below 29% to ensure fair and responsible lending practices.
Ready to get started?
Join thousands of Canadians who trust us for their short-term lending needs.
Recently Received Their Loans
Don't just take our word for it. Here's what our customers have to say about their experience with us.
Nicolas Warnke
Edmonton, AB
“When my job cut my hours, I didn't know how I'd pay rent. NovaLoans gave me the quick cash I needed to stay afloat until I found a second job. The application was so easy and the money was in my account the same day.”
Julie C.
Toronto, ON
“I needed emergency repairs on my house and didn't have enough in savings. NovaLoans provided a fast solution with clear terms. Their customer service was excellent throughout the entire process.”
Marc D.
Vancouver, BC
“As a small business owner, cash flow can be unpredictable. NovaLoans helped me bridge the gap between payables and receivables. The application was straightforward and the funds were available quickly.”
Everything you need to know
Can't find the answer you're looking for? Our support team is here to help.
Popular questions
All questions
Yes, as long as you are a Canadian resident, at least 18 years old, have a steady source of income, and an active bank account, you can apply for a loan with NovaLoans.
We don't require a minimum credit score for approval. Our application process focuses on your current financial situation rather than just your credit history. Even if you have bad credit or no credit history, you may still qualify for a loan.
You can apply for a new loan once your current loan is paid off. We don't limit the number of times you can apply, but we do assess each application based on your current financial situation.
NovaLoans offers a fast and easy online application process. You can apply from anywhere in Canada, and if approved, receive funds directly to your bank account as soon as the same business day.
Our APRs range from 15% to 29% depending on the loan amount and term. The exact rate will be provided during the application process before you accept the loan. There are no hidden fees - all costs are clearly disclosed upfront.
Yes, here are some examples:
- $500 loan for 60 days: $20 weekly fee, total repayment $680
- $1,000 loan for 98 days: $20 weekly fee, total repayment $1,280
- $2,500 loan for 120 days: $20 weekly fee, total repayment $2,900
Use our loan calculator to see exact amounts for your situation.
If you're unable to make a payment, please contact us immediately. We may be able to work with you to adjust your payment schedule. Late payments may result in additional fees and could affect your ability to borrow in the future.
To qualify for a loan, you must be a Canadian resident, at least 18 years old, have a steady source of income, and an active bank account. The exact loan amount and terms will depend on our assessment of your financial situation.
No, our loans do not renew automatically. If you need to extend your loan, you'll need to apply for a new one after your current loan is paid off. We don't offer rollovers or renewals to prevent debt cycles.
An amortization schedule shows how your loan payments are applied to both principal and interest over time. With our simple interest loans, you pay interest only on the outstanding balance, and each payment reduces your principal.
We report payment history to credit bureaus, so making timely payments can help build your credit. If you default on your loan, it may be reported to collection agencies, which could negatively impact your credit score.
A payday loan is a short-term, high-cost loan typically due on your next payday. Unlike payday loans, NovaLoans offers more flexible terms (62+ days) and lower fees, making it a more affordable alternative for short-term borrowing needs.
Still have questions?
Can't find the answer you're looking for? Our friendly support team is here to help you 24/7.
Average response time: under 5 minutes