About Loans514
Banks often say no to people with a thin or damaged credit file, and payday loans want everything back in two weeks. Loans514 exists for the space in between.
Who we are
Loans514 is an online loan-matching service. We work with private lenders that offer short-term installment loans, which cost less and are more flexible than a typical payday loan. Good credit or bad, you fill out one application and lenders in our network review it.
What we do, and what we don't
We run the application and answer your questions before and after you apply. We don't lend money, decide on applications or collect payments. The lender that approves you provides the loan, sets the rate and fees, and handles your payments.
Why installment loans
A loan you repay in equal payments on your paydays is easier to budget for than one lump sum. Lenders in our network offer 90 to 120 days to repay, and some offer longer schedules on larger loans. Some also offer better terms to returning customers who repaid on time.
Where lenders in our network lend
- British Columbia
- Saskatchewan
- Manitoba
- Ontario
- Quebec
- New Brunswick
- Nova Scotia
- Prince Edward Island
Availability, amounts and fees depend on provincial rules and on the lender. See installment loans by province.
Borrow responsibly
These loans are meant to bridge a short-term gap, like a bill that can't wait. Their rates are higher than a bank's, and holding several loans at once can turn a short problem into a long one. If you're already juggling loans, read ways out of a loan cycle.
Contact
Email info@loans514.com or send us a message.
Apply in about five minutes
Applying is free. You only agree to a loan when you sign a lender's contract.