Online applications · Canada A small loan.
A small loan.
A clearer way forward.
Apply for $250–$2,000 online, see an honest cost estimate before you start, and repay in instalments aligned with your pay schedule.
✓ No paperwork✓ Secure bank verification✓ Funding by Interac e‑Transfer
Build your estimateIllustrative quote
$250$2,000
ESTIMATED PAYMENT$104
REPAYMENT PERIODApprox. 120 days
Illustrative estimate only. Your agreement will show the exact cost, dates, and repayment schedule before signing.
Funding methodApproved funds are sent via Interac e‑Transfer—the fastest way for you to receive your funds.
Freedom at a glanceFast to start.
Clear to repay.
Clear to repay.
Simple by design
From application to funds in three clear steps.
Apply online
Complete the secure, paperless form in just a few minutes from any device.
ABOUT 2 MINUTESVerify & review
Connect your bank securely so the team can review your income and account activity.
READ-ONLY & SECUREReceive your funds
Review and sign your agreement. Approved funds are sent via Interac e‑Transfer.
SAME DAY AVAILABLECheck before you start
Are you likely to qualify?
Confirm the basics now so you can apply with confidence.
Check my options →- ✓18 or olderAnd a Canadian resident
- ✓Steady employmentAt your current job for 3+ months
- ✓Income by direct depositInto a Canadian bank account
- ✓90 days of bankingWith manageable account activity
Transparent lending Important information,
Important information,
clearly explained.
Review the cost, term, and policies before applying. Your final agreement will show the exact repayment schedule and conditions before you sign.
01Responsible loan policy+
Every online application is reviewed to help ensure the borrower is in a position to repay the loan. The review includes, but is not limited to:
- Verifying that your salary meets our criteria.
- Checking that your account does not have an excessive number of insufficient-fund charges.
- Determining whether previous financial obligations could interfere with your ability to repay.
If your application meets our standards following this analysis, it may be accepted.
02Missed payments and credit scores+
A $55 fee applies to a payment refused by your financial institution. This will not affect your credit score within our company, and your file will not be transferred to credit agencies.
If you need to delay an eligible payment, email us at least three days before it is due. A $55 deferral cost will be added to the end of your contract. Paying on schedule helps maintain good standing for future renewals.
03Responsible collection+
We use responsible collection methods that comply with Canadian legal requirements. If a problem occurs while you are repaying your loan, our collections team will work with you on a payment arrangement that considers your situation.
Missed payments accumulate interest on the unpaid balance. The borrower is responsible for legal fees generated when recovering a past-due balance.
04Renewal and repayment+
A loan renewal does not happen automatically—you must request it. Freedom500 loan repayment terms range from three to six months.
Good to know
Clear answers before you apply.
No jargon, no surprises. Review the essentials here, then see your exact agreement before committing.
What do I need to be eligible?+
You must be a Canadian resident aged 18 or older, have reliable employment, receive income by direct deposit, and have an active Canadian bank account with at least 90 days of history. Approval is always subject to review.
How fast can I receive funds?+
Applications are completed online, and approved funds are sent via Interac e‑Transfer after contract signing. Same-day funding may be available; timing varies by application and financial institution.
Will applying affect my credit score?+
Freedom500 evaluates current financial information rather than relying only on traditional credit history. The application uses secure bank verification to confirm income and account activity.
How are payments divided?+
The calculator lets you compare weekly, every-two-weeks, twice-monthly, and monthly payment schedules. Depending on the loan amount, the illustrative repayment period ranges from approximately 90 to 180 days. Your agreement will show the exact payment amount, dates, and approved terms.
What is Instant Bank Verification?+
IBV provides a secure, read-only snapshot of recent bank activity so income can be confirmed without paper statements. It does not allow funds to be moved or account settings to be changed.
Can a payment be deferred?+
Some payments may be eligible for deferral. The first and last payments generally cannot be deferred, nor can two consecutive payments. Contact the account team before the due date to discuss your situation.
Know the cost. Choose your amount.
Move forward with clarity.
Start your secure application online. There is no obligation to accept an offer.
Start my application →