Borrowing by amount
The size of the request changes the product. A few hundred dollars is a short-term advance; fifty thousand is a secured conversation. These pages work through where the lines fall.
Choose an amount
$500
For $500 in Canada, the realistic routes are a payday-style loan in provinces that license the model, a small instalment loan, or a draw on credit you already hold. What you pay depends on the rate and the term rather than on the amount, and loanmoose.ca is not a lender and does not make credit decisions.
$1,000
A $1,000 loan in Canada is usually reached through one of a few routes: an unsecured personal instalment loan, a line of credit, a secured loan, or a payday-style loan where the province licenses that model. Which one fits depends on your province, your income, your existing debts and your credit file, and loanmoose.ca is not a lender, does not make credit decisions, and does not set rates.
$2,000
A $2,000 loan is normally filled by an unsecured instalment loan, a line of credit, or borrowing secured against property, because payday products generally stop at $1,500. Whether you get it comes down to your income, your existing debt payments, your credit file and any security you can offer.
$3,000
A $3,000 loan is normally an unsecured instalment loan or a draw on a line of credit, because it sits above the general ceiling for a payday advance. Whether you get it comes down to income, debt service, your credit file at Equifax Canada or TransUnion Canada, and whether you can offer security.
$5,000
A $5,000 request normally lands in the installment-loan, line-of-credit or secured-loan range, because it sits above the size a payday loan generally covers and usually below the size that forces property to be pledged. Whether you get it turns on four things: your income, your existing debt payments, your credit file, and whether you offer security.
$10,000
There is no single $10,000 loan in Canada; there are several product routes that can reach that amount, and which one fits you depends on your income, your existing debts, your credit file and whether you can offer security. loanmoose.ca is not a lender and does not make credit decisions.
$15,000
A $15,000 loan in Canada is a mid-size installment request: large enough that a lender reviews income, existing debts, credit file and security instead of deciding on the spot, and small enough that several product routes can carry it. loanmoose.ca is not a lender and does not make credit decisions, it matches and compares, and the lender decides.
$20,000
A $20,000 request in Canada is normally handled as an instalment loan or a drawn line of credit, because a payday loan is generally up to $1,500 for a term of 62 days or less. Whether you qualify comes down to income, existing debt payments, your credit file and, on some routes, the security you can pledge.
$25,000
A $25,000 request is large enough that most lenders look at your whole file rather than a single number, and small enough that it is not automatically a home-secured loan. What decides it is income, existing debt payments, your credit file, and whether you can offer security or a co-signer.
$50,000
A $50,000 request is usually too large for a single unsecured product to be the obvious answer — it is met either by a secured route against property or another asset, or by an unsecured loan supported by strong income and a clean credit file. What you are offered depends on income, debt service, your credit file and what security you can put behind the money.
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