$250 small loan
The lowest available request amount for a focused, short-term expense.
♠ Small loans Canada
Quick small loans in Canada.
Request $250 to $1,250 online in about five minutes. If approved, funds are sent by e-transfer and may arrive within minutes; some funding takes hours or days depending on processing.
A small loan is a personal loan for a relatively modest amount. Ace of Loans offers amounts from $250 to $1,250 through a digital application available in Canadian provinces and territories other than Alberta. The amount you request is not guaranteed: approval and the amount offered depend on the eligibility review.
A smaller principal does not automatically mean a loan is inexpensive. Before accepting an offer, compare the APR, applicable fees, number and frequency of payments, and total amount repayable. Borrowing the smallest amount that addresses the expense can help limit the total cost.
♦ Small-dollar borrowing
How much can you request?
Available requests range from $250 to $1,250. Choose an amount based on the expense and the payments your budget can support.
$500 small loan
A mid-range option when $250 would not fully cover the expense.
$750 small loan
A larger request subject to the same eligibility and affordability review.
$1,000 small loan
Review the full payment schedule and total cost for this amount before accepting.
$1,250 small loan
The maximum request amount; no particular amount or approval is guaranteed.
The amount offered may be lower than the amount requested. Review your individual agreement before accepting.
♥ Online process
How an online small-loan application works
1
Complete the application
Provide the identity, contact, income and banking information requested in the secure online form.
2
Verify eligibility
Complete the digital eligibility review, which may include instant bank verification. Ace does not request a traditional Equifax or TransUnion inquiry.
3
Review and receive funds
If an offer is available, check the amount, APR, fees, payments and total repayment before accepting. Approved funds are sent by e-transfer and may arrive within minutes; timing varies.
♣ Available across most of Canada
Small personal loans across most of Canada
The online process is available to applicants in every Canadian province except Alberta and in all three territories, including Québec and Montréal, Ontario and British Columbia.
Ace of Loans also serves Manitoba, Saskatchewan, Nova Scotia, New Brunswick, Newfoundland and Labrador, Prince Edward Island, Yukon, the Northwest Territories and Nunavut. Because the application is digital, there is no branch visit and no paperwork to fax.
Availability outside Alberta does not mean automatic approval. Every applicant must complete the eligibility process, and any offer is based on the submitted and verified information.
Looking for a small loan in Ontario?
Ontario residents can request $250 to $1,250 through the same online application; there is no separate Toronto, Ottawa or Mississauga process. Before accepting an offer, compare the APR, all fees, payment dates and total repayment with your budget. An application may take about five minutes, but approval is not guaranteed and approved e-transfer funding can take minutes, hours or days. Ontario's consumer-rights overview is a useful starting point for questions about contracts; the terms of your individual loan agreement still matter. If the repayment schedule matters most, compare the existing Ontario installment-loan guidance too.
What should you check before taking a small loan?
Start with the reason for borrowing and whether the expense can be delayed, reduced or covered by a lower-cost alternative. If borrowing is still appropriate, make sure each scheduled payment fits alongside rent, food, utilities and existing debt payments.
- Principal: the amount you are borrowing.
- APR: the annualized cost of borrowing, including applicable borrowing charges.
- Payment schedule: the amount, frequency and number of payments.
- Total repayment: the full amount paid if every scheduled payment is made as agreed.
- Missed-payment terms: what the agreement says will happen if a payment cannot be made on time.
The maximum APR applicable to Ace of Loans products can reach up to 29%. Your individual agreement will disclose the applicable interest, fees and repayment details before you sign. The Financial Consumer Agency of Canada also recommends reviewing the total cost and understanding the complete terms when comparing personal loans.
For more detail, review what to prepare for a personal-loan eligibility review, learn how online installment loans in Canada use scheduled payments, or read our guides to understanding APR, reading a Canadian loan agreement and loans without uploaded documents.
♦ Small-loan questions
Frequently asked questions
What is the smallest loan available from Ace of Loans?+
Ace of Loans offers personal loan amounts from $250 to $1,250. Approval is not guaranteed, and the amount offered may differ from the amount requested.
Does applying for a small loan affect my credit score?+
Ace of Loans does not request a traditional hard or soft inquiry from Equifax or TransUnion. Every application still requires an eligibility review using the information requested during the online process.
Where in Canada are small loans available?+
Ace of Loans accepts online applications from residents of every Canadian province except Alberta and from all three territories. Eligibility, approval and the amount offered depend on the completed application.
Are small online loans available in Ontario?+
Yes. Ontario residents can submit Ace of Loans' online application for a personal loan request from $250 to $1,250. Approval and any particular amount are not guaranteed and depend on the completed eligibility review.
How quickly can a small loan be funded?+
The online application takes about five minutes. If approved, funds are sent by e-transfer and may arrive within minutes. Some funding takes hours or days depending on application review and transfer processing.
Is approval for a $250 loan guaranteed?+
No. Every application is reviewed, approval is not guaranteed and the amount approved may differ from the amount requested.
How much does a small loan cost?+
The maximum APR applicable to Ace of Loans products can reach up to 29%. The individual agreement shows the principal, applicable interest and fees, payment schedule and total amount repayable before acceptance.