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Personal Loans in Ontario

We all know how stressful it can be to have to deal with an emergency expense, especially when you don’t have an emergency fund to tap into. If you find yourself without savings to rely on in an emergency situation, you may want to look into a Line of Credit in Ontario!

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Applying for Ontario Personal Loans

With the largest population of any province in Canada, there’s plenty to explore in Ontario for visitors and residents alike. Ontario is home to Toronto, Canada’s most populous and one of its most diverse cities. It also features beautiful landscapes and a rich history. It touches four of the five Great Lakes and you can find the serene Muskoka region just north of Toronto. Other big cities or regions in Ontario include Ottawa, Barrie, Burlington, London, Hamilton, Etobicoke, North York, Windsor, Scarborough, Mississauga, Brampton, Oakville, Kingston, Guelph, and Kitchener.

Whether you live in a big city like Toronto or smaller city like Picton, it’s vital to make sure you have a plan to handle any kind of emergency expense that might present itself. You’ll need to account for things like important home repairs, car repairs, and medical emergencies. If you don’t have a well-stocked emergency fund in a time of need, you might want to consider lines of credit in Ontario.

How Does This Line of Credit Work?

With a Line of Credit in Ontario from Fora, you may be able to qualify for a line of credit online with a credit limit starting at $1,000 and going as high as $10,000.

Dealing with applications for personal loans online in Ontario can be time-consuming. The good news is that with a Line of Credit from Fora, the application process is completely online and only takes minutes.

If it sounds like an Ontario online loan is well-suited to your situation and you want to apply for a Line of Credit online from Fora, it’s easy to get started! If your application is approved, you can rest easy knowing that when you need funds for an emergency, they’ll be there as long as you have available credit3. It’s also important to note that the money you draw can be in your bank account as soon as the same business day!

Note: A Line of Credit is a type of online loan. As a revolving credit product, you can request draws, repay and redraw as needed from your available credit.

Online Loan Summary

Credit Limit: $1,000 to $10,000
Loan Type: Line of Credit
Minimum Payment: Interest + Principal Contribution
Funding Time: Same Business Day2

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Why Choose a Personal Loan in Ontario from Fora?


Flexible Access to Cash

  • You can apply online anytime, whenever or wherever it suits you.
  • Ongoing access to your available credit when it matters most3.
  • If approved, receive requested funds as soon as the same business day.


Dedicated Customer Service

  • Need some help? Our Customer Service team is always happy to give you a hand!
  • We’re here every day of the week to help with any questions relating to the Line of Credit offered from Fora.
  • Reach us by phone or chat.


Safe & Secure Borrowing

  • We’re committed to using industry best practices to protect your data and privacy.
  • Trust your personal information is secure with our use of 256-bit Advanced Encryption Standard (AES-256).
  • Your secure online account will have the information you need regarding your Line of Credit.

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Details of the Ontario Line of Credit

If you’re ever facing a situation where you find yourself in need of some extra cash to help you take care of an emergency expense, it could be a good time to consider applying for a personal loan in Ontario! But what constitutes an emergency? Well, this will depend on your personal situation, but it could include things like unexpected car or home repairs.

If you’re looking to apply for a personal loan with Fora, click here to apply or call us at 1-888-899-3672 for more information.

Credit Limit

$1,000 to $10,000.

Making a Draw

You can choose to withdraw your available funds all in one go, or in smaller amounts from your available credit, as needed3.

If you request a draw, funds can be deposited into your bank account as soon as the same business day.


The annual interest rate for a Line of Credit from Fora starts as low as 19.9%5.

You only pay interest on what you draw, not your entire credit limit.

Repayment of the Online Loan in Ontario

If you have an outstanding balance, you will need to make Minimum Payments which are typically due on your pay dates.

Each Minimum Payment includes:

  • Interest charged on your outstanding principal balance for each day of your billing cycle; and
  • A contribution towards your principal, based on your income frequency.

The exact amount of each Minimum Payment and the corresponding due date will be outlined in your statements.

Keep in mind that you always have the option of making additional payments without having to worry about prepayment penalties. You may log into your account to make a payment online using most debit or pre-paid cards or call 1-888-899-3672 to set up a payment.

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Frequently Asked Questions about Loans in Ontario Online

To be eligible for a Line of Credit from Fora, you must (at minimum):

  • Be a Canadian citizen or permanent resident with a valid government-issued identification;
  • Be a resident of and legal age of majority in Ontario;
  • Have an open and active personal bank account;
  • Have a consistent source of income;
  • Receive income through direct deposit; and
  • Have a valid contact number and an active email address.

Yes, you will need an open and active personal bank account to apply for this Line of Credit.

If you’ve decided that a line of credit in Ontario is right for you and you want to apply for this online loan, you will not need to make an appointment. It’s so easy to get started! Just click here and you can fill your application out in just minutes1.

If you need any more information, you can simply call us at 1-888-899-3672 and we’ll do our best to give you the information you need.

The Line of Credit from Fora is currently offered in Alberta, British Columbia, New Brunswick, Nova Scotia, Ontario, and Saskatchewan. There will be more provinces and territories operational in the future. Check back regularly to see if the Line of Credit online from Fora is available in your area.

At Fora, Credit Inclusion is Important to Us

Fora is proud to offer the flexibility of a Line of Credit and serve Canadians from different parts of the country. If you need some assistance with your Line of Credit or have any questions for us, don’t hesitate to email us at For more info, visit our general FAQs page.