SkyCap Financial
SkyCap Financial, established in 2013, provides alternative financing solutions to Canadians. They specialize in offering personal loans, including options for medical, auto, and equipment financing, to individuals who may have been turned down by traditional lenders due to credit history.
Expert Review
Best For
This lender is ideal for Canadian residents over 18 with a net income of over $1200 per month who need personal, medical, auto, or equipment loans and may have faced credit challenges.
Our Take
SkyCap Financial stands out as a dedicated alternative lender in Canada, focusing on individuals with less-than-perfect credit histories. Their commitment to providing accessible financing since 2013, coupled with a streamlined online application, makes them a viable option for many Canadians. They offer a range of personal loan products tailored to various needs.
What We Like
- Offers alternative financing for individuals with negative credit impacts.
- Quick funding within 24 hours via direct deposit.
- Broad range of loan types including personal, medical, auto, and equipment.
- Flexible repayment options (Monthly, Semi-monthly, Bi-Weekly, Weekly).
- Clear eligibility criteria and required documents.
Where to Improve
- Does not serve Nova Scotia and Quebec, limiting accessibility.
- Does not accept certain income sources like EI or Social Assistance.
- Interest rates can be high, typical for alternative lenders.
Verdict
SkyCap Financial is a strong choice for Canadians seeking personal loans outside traditional banking, especially those with credit challenges. While their rates are higher, their fast funding and flexible terms provide a valuable service for emergency and specific financing needs, provided applicants meet their income and residency requirements.
Brand Signals & Trust
Years in Business
13+
Geographic Reach
11 provinces
Product Diversity
4 products
Customers Served
OVER 100,000
Trust Badges
Verified, Fast Funding
Products Offered
Personal Loan
Amount Range
$500 - $10,000
Interest Rate
12.99% - 39.99%
Term
9 - 36 Months
Funding Speed
within 24 hours
Eligibility
- Canadian resident
- Over 18 years of age
- Net Income over $1200 per month
- Not in an active Bankruptcy/Credit Counselling, Consumer Proposal or Debt Consolidation programs
Medical Loan
Amount Range
$500 - $10,000
Interest Rate
12.99% - 39.99%
Term
9 - 36 Months
Funding Speed
within 24 hours
Eligibility
- Canadian resident
- Over 18 years of age
- Net Income over $1200 per month
- Not in an active Bankruptcy/Credit Counselling, Consumer Proposal or Debt Consolidation programs
Auto Loan
Amount Range
$500 - $10,000
Interest Rate
12.99% - 39.99%
Term
9 - 36 Months
Funding Speed
within 24 hours
Eligibility
- Canadian resident
- Over 18 years of age
- Net Income over $1200 per month
- Not in an active Bankruptcy/Credit Counselling, Consumer Proposal or Debt Consolidation programs
Equipment Loan
Amount Range
$500 - $10,000
Interest Rate
12.99% - 39.99%
Term
9 - 36 Months
Funding Speed
within 24 hours
Eligibility
- Canadian resident
- Over 18 years of age
- Net Income over $1200 per month
- Not in an active Bankruptcy/Credit Counselling, Consumer Proposal or Debt Consolidation programs
Google Reviews
1,775 Google reviews
Monday: 8:00 AM – 10:00 PM
Tuesday: 8:00 AM – 10:00 PM
Wednesday: 8:00 AM – 10:00 PM
+4 more days
Photos
Not a client but got a call from a George Anderson. Offering me a loan that I never applied for. Red flags went up but I followed up with a call to the actual office and confirmed he was not with them. I contacted the police in my area and reported the fraud scam with all info I acquired. Be vigilant and careful online. July 3, 2025 Received another call today from an Indian man named ahmad claiming to be from skycap financial from a 343 number using some talk app. Be very diligent out there. So many scams.
Customer service from Barb and Brenda was excellent both of them very professionally made the entire borrowing process transparent. I would definitely recommend Sky Cap Financial all your financial services. Thank you for everything! I already my received my funds so fast I wish I could give 10stars best service I have received 🙏 this business Happy year to All the staff at Sky Cap Financial. .
my mother got scammed for 6000 just this last week. DONT LISTEN TO THESE GUYS
Complete scam… i was contacted by Dino Laurenco stating I was approved for a loan, then they said my credit score was too low so they would have to put money into my account and i had to take it out and send it back to them to act as a good will showing I had received money and paid it back to “boost” my credit score. Long story short he sent money via cheque for 600$ and then another 100$ which was returned and I am now liable for and scammed out of 700$. The sad part is he tried again the next day to do it again!! I can’t believe people steal from single mothers and children.. Honestly do not fall for this bullshit!!!!! Carolyn
So far the process with SkyCap has been simple yet highly efficient, SkyCap Team members have all been pleasant and knowledgeable. I would highly recommend exploring your options with SkyCap, especially since they offer more than just your basic financial needs. ( if this were longer into the relationship with SkyCap chances are I would offer 5 stars)
How SkyCap Financial Compares
Quick Eligibility Check
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