What Is a $800 Loan?
An $800 loan is our largest amount in the small-loan tier, often used when a cost is too large for a quick bridge loan but doesn't yet require the longer terms available at higher amounts. It's one of several loan amounts we match, from $300 up to $5,000.
Who a $800 Loan Is For
- A larger auto repair, like a transmission issue
- Replacing a major kitchen appliance
- Catching up on a utility bill that's fallen behind by more than one cycle
- A one-time medical or dental cost
Eligibility Requirements
- 18 years or older (19 in BC, NB, NL, NS, NT, NU, and YT)
- Canadian citizen or permanent resident
- Valid Social Insurance Number (SIN)
- Active bank account in your name
- A regular source of income
How Much Will a $800 Loan Cost?
APRs across our lender network range from 5.99% to 34.99%, depending on the lender, your credit profile, and provincial regulations, in compliance with Canada's federal criminal rate of interest. Here's an illustrative example at a representative rate:
| Term | APR | Est. Monthly Payment | Est. Total Repayable |
|---|---|---|---|
| 3 months | 29.9% | $280 | $840 |
| 6 months | 29.9% | $145 | $870 |
Illustrative example only — your actual rate, term, and payment depend on the lender and your credit profile.
Pros
- Fast approval — often within minutes
- Soft credit check only, so checking rates doesn't hurt your score
- Repayment term sized to the amount, keeping payments manageable
- Available to a wide range of credit profiles
Cons
- This is close to the point where a slightly longer, mid-tier amount might offer a more comfortable monthly payment for the same underlying cost.
- Compare the total cost at this amount against borrowing slightly more with a longer term if your expense is likely to grow.
Alternatives to a $800 Loan
Line of credit
If you already have one, drawing $800 from an existing line can be cheaper than a new personal loan application.
Split the cost across two paycheques
If the expense allows partial payment, splitting it might reduce how much you need to borrow.
How to Get Your $800
Apply in 2 minutes
Tell us you need $800 and a bit about your situation. No paperwork.
Compare offers
See real offers from vetted lenders, matched to your credit profile.
Get funded
Accept an offer and funds typically land within 24 hours.