Short-term credit, made simple
Borrow $250 to $1,500. Pay it back over 90 to 180 days.
Pick the amount you need, verify your bank account online and get an answer fast. No branch visit, no paperwork pile, no line-up at the bank.
- Instant, secure bank verification
- Your costs shown before you sign
- Confidential, Law 25 compliant
Six amounts. One simple application.
Choose the amount that fits your situation. Every loan comes with the same clear terms, so there are no surprises later.
- Biweekly / Semi-monthly / Monthly
- Number of payments: 6
- Secure and confidential
- Immediate response
- Biweekly / Semi-monthly / Monthly
- Number of payments: 7
- Secure and confidential
- Immediate response
- Biweekly / Semi-monthly / Monthly
- Number of payments: 7
- Secure and confidential
- Immediate response
- Biweekly / Semi-monthly / Monthly
- Number of payments: 8
- Secure and confidential
- Immediate response
- 2-week payment frequency
- Number of payments: 9
- Secure and confidential
- Immediate response
- 2-week payment frequency
- Number of payments: 9
- Secure and confidential
- Immediate response
APR 31.98%. Minimum repayment period is 90 days, maximum is 180 days. Administrative fees apply and are disclosed in your loan agreement before you sign. Approval and final amount depend on eligibility.
From application to answer in three steps.
Apply online, from any device
Start my application-
Choose your amount
Select a loan between $300 and $1,500, then fill in a short form with your contact, employment and income details.
-
Verify your bank account
Connect your account through instant, encrypted bank verification. It replaces the paperwork and keeps your information private.
-
Get your decision and funds
We match your request with our lending partners. Once approved and your agreement is signed, funds are sent to your account.
What sets us apart from the bank.
Banks often take days to answer a small loan request. We built a process that is faster, clearer and fully online.
A licensed Canadian broker
Better Than The Bank holds Ontario Payday Loans Act License #4741631 and follows Canadian consumer lending rules.
More than a credit score
Instant bank verification looks at your real income and account activity, so your credit history is not the only thing that counts.
Costs you can read
APR of 31.98% and a repayment period of 90 to 180 days. Your total cost and fees are shown in your agreement before you commit.
Private and secure
Your personal information is encrypted and handled under Quebec’s Law 25. You decide which cookies we use.
Can I apply?
You can apply if you meet these basic requirements. Final approval depends on the review of your file by our lending partners.
- 01You have reached the age of majority in your province
- 02You earn at least $300 per week
- 03You have held the same job for the last 3 months
- 04You have a valid phone number and email address
- 05Your bank account shows few or no recent NSF charges
Information & policies
Know exactly what you sign up for.
Our rate
Better Than The Bank offers loans from $250 to $1,500 with an APR of 31.98%. The minimum repayment period is 90 days and the maximum is 180 days. In case of non-sufficient funds, a service fee will be charged.
- Loan amount
- $300.00
- Term
- 90 days
- APR
- 31.98%
- Total payback*
- $316.00
*Before administrative fees.
Collection and credit scoring
We comply with Canadian laws, regulations and legal standards. If a particular situation arises during your repayment period, our collection department will work out a repayment agreement with you based on your situation.
If a borrower defaults on any repayment under the agreement, the creditor may demand payment in full of any unpaid balance, principal, interest and costs. Judicial and extrajudicial costs reasonably incurred because of a breach of contract may be claimed from the borrower. If no payment agreement is possible, the file may be assigned to a collection agency, which may affect the borrower’s credit rating or credit score.
Borrow responsibly
Short-term loans can be a useful solution when they are used responsibly. They carry higher interest rates than average, so they work best on an occasional basis and when no lower-cost option is available.
Taking out several loans of this kind can lead to an overly high debt load and serious financial difficulties. Borrow only what you can repay within your term.
FAQ
Questions, answered.
Can’t find what you are looking for? Write to us at info@betterthanthebank.ca.
How much can I borrow?
You can request $300, $500, $750, $1,000, $1,250 or $1,500. The amount approved depends on your income and the review of your file.
How long do I have to repay my loan?
The minimum repayment period is 90 days and the maximum is 180 days. Your payment schedule is set out in your loan agreement.
How much will my loan cost?
The APR is 31.98%. For example, for a $300 loan over 90 days, the total payback before administrative fees is $316.00. Administrative fees apply, and all costs are shown in your agreement before you sign.
Do you check my credit?
We use instant bank verification to review your income and account activity. This means your credit score is not the only factor in the decision.
Who can apply?
To apply, you need to:
- be of the age of majority in your province;
- earn at least $300 per week;
- have held the same job for the last 3 months;
- have a valid phone number and email address;
- have few or no recent NSF charges.
How fast will I receive the money?
Once your application is approved and your agreement is signed, funds can be deposited into your bank account within 24 hours.
Is Better Than The Bank a lender?
Better Than The Bank is a licensed Canadian broker (Ontario Payday Loans Act License #4741631). We connect you with lending partners who review and fund your loan.
Is my personal information safe?
Yes. Your data is encrypted and handled in line with Quebec’s Law 25 and Canadian privacy laws. Read our Privacy Policy for details, or contact our privacy officer at info@betterthanthebank.ca.
Get the money you need, the simple way.
Apply online in minutes. Loans from $250 to $1,500.