Your smart loan guide
Real rates from banks and fintechs. Compared side by side, no affiliate bias.
This service is best for individuals who are new to credit or those looking to rebuild their credit history through responsible spending.
| APR | 0.0–18.0% |
|---|---|
| Amount | Up to CA$10 |
| Term | 4–12 months |
| ⚡ | Instant approval |
KOHO offers a unique blend of credit-building features and user-friendly technology, making it a solid choice for Canadians looking to improve their credit scores.
This loan is ideal for high-credit borrowers looking for loans starting at $2,000 with long repayment terms.
| APR | 8.99–22.99% |
|---|---|
| Amount | CA$2k–CA$35k |
| Term | 12–60 months |
| ⚡ | Same day to 3 business days |
The BMO Personal Loan offers a solid starting point for those seeking flexible financing options. However, it may not be the best choice for everyone.
This service is ideal for individuals looking to build their credit while accessing loan amounts between $500 and $35,000 with fast funding.
| APR | 9.99–34.95% |
|---|---|
| Amount | CA$300–CA$35k |
| Term | 12–60 months |
| ⚡ | Same day |
Spring Financial offers a quick and flexible personal loan option, especially beneficial for those needing fast funding and accommodating various credit levels.
This product is best for individuals seeking quick access to funds with a straightforward online application process.
| APR | 19.9–34.9% |
|---|---|
| Amount | CA$1k–CA$15k |
| Term | 12–100 months |
| ⚡ | Same day |
Fora offers a flexible line of credit that can quickly address your financial needs, but the interest rates are on the higher side.
This platform is ideal for Canadians looking to build their credit while accessing lower interest loans. It's also suitable for individuals seeking to invest in personal loans for high-yield returns.
| APR | 8.99–34.99% |
|---|---|
| Amount | CA$1k–CA$35k |
| Term | 36–60 months |
| ⚡ | 3-5 business days |
goPeer offers a unique peer-to-peer lending experience that can provide competitive rates for borrowers and solid returns for investors, making it a noteworthy option in Canada's lending landscape.
This loan is ideal for individuals in British Columbia seeking a flexible, fee-free banking experience.
| APR | 7.99–14.99% |
|---|---|
| Amount | CA$1k–CA$50k |
| Term | 12–60 months |
| ⚡ | 1-3 business days |
Coast Capital Savings offers competitive personal loan rates with a member-focused approach. However, potential borrowers should carefully consider their financial situation before applying.
This loan is best for individuals seeking a reliable option for larger expenses, such as home renovations or debt consolidation.
| APR | 8.99–23.99% |
|---|---|
| Amount | CA$5k–CA$50k |
| Term | 12–84 months |
| ⚡ | Same day to 2 business days |
TD Bank offers a flexible personal loan with reasonable terms, ideal for those with good credit.
Best for those who need quick access to unsecured funds and prefer both online and in-branch support.
| APR | 29.99–34.99% |
|---|---|
| Amount | CA$500–CA$50k |
| Term | 6–120 months |
| ⚡ | Same day |
Fairstone offers a wide range of personal loans, making it accessible for many Canadians. However, the high APR rates could be a significant drawback for borrowers.
This service is best for borrowers needing fast approvals and flexible eligibility criteria.
| APR | 19.9–46.93% |
|---|---|
| Amount | CA$500–CA$25k |
| Term | 6–60 months |
| ⚡ | 15 minutes |
LendDirect is a viable option for Canadians seeking quick online personal loans, particularly for those with diverse credit histories.
This loan is best for Canadians seeking short-term financing with a straightforward online application process and quick approvals.
| APR | 9.9–46.96% |
|---|---|
| Amount | CA$500–CA$35k |
| Term | 6–60 months |
| ⚡ | Minutes (online) |
Mogo offers a convenient online personal loan solution, particularly for those needing quick access to funds without a credit score hit.
Ideal for individuals with strong credit profiles looking for long-term borrowing solutions with flexible repayment options.
| APR | 6.0–10.0% |
|---|---|
| Amount | CA$5k–CA$75k |
| Term | 12–60 months |
| ⚡ | 1-2 business days |
Scotiabank offers competitive personal loan rates for borrowers with good credit, making it a solid choice for those in need of financing.
This loan is best for individuals looking to consolidate debt or finance significant purchases without collateral, thanks to its high limit and varied terms.
| APR | 9.0–10.0% |
|---|---|
| Amount | CA$3k–CA$200k |
| Term | 12–60 months |
| ⚡ | 1-3 business days |
The CIBC Personal Loan offers flexible borrowing options with competitive rates, making it a solid choice for those with strong credit.
This loan is best for current Desjardins members seeking flexible terms and personalized service, along with those who prefer a well-established institution.
| APR | 6.95–12.95% |
|---|---|
| Amount | CA$500–CA$50k |
| Term | 12–60 months |
| ⚡ | 1-3 business days |
Desjardins offers a solid option for personal loans with competitive rates and member-oriented service, making it a viable choice for many borrowers.
This loan is ideal for individuals with a high credit score looking for long-term financing options without the worry of early repayment fees.
| APR | 9.0–13.0% |
|---|---|
| Amount | CA$5k–CA$50k |
| Term | 12–60 months |
| ⚡ | 1-3 business days |
The RBC Royal Bank Personal Loan offers a competitive fixed rate with the flexibility of no prepayment penalties, making it a solid choice for borrowers seeking stability.
This loan is best for Quebec-based customers looking for personalized loan options with both fixed and variable rates.
| APR | 7.95–14.95% |
|---|---|
| Amount | CA$2k–CA$50k |
| Term | 12–60 months |
| ⚡ | 1-3 business days |
National Bank offers flexible personal loan options at competitive rates, especially for Quebec residents. However, potential borrowers should carefully evaluate their financial needs.
This loan is best for members of Meridian looking for flexible personal loan options with reasonable APRs and a commitment to customer service.
| APR | 7.49–12.99% |
|---|---|
| Amount | CA$1k–CA$50k |
| Term | 12–60 months |
| ⚡ | 1-3 business days |
Meridian Credit Union offers competitive personal loan rates with a member-first approach, making it a solid choice for Ontarians. However, potential borrowers should compare terms and conditions before committing.
This loan is best for individuals with a building credit tier seeking longer loan terms of up to seven years.
| APR | 8.99–29.49% |
|---|---|
| Amount | CA$2k–CA$35k |
| Term | 24–84 months |
| ⚡ | 1-2 business days |
Fig Financial offers competitive online personal loans with flexible terms, making them a viable option for those looking to build credit.
This product is best for Canadians who prefer managing their finances online and are looking for a straightforward line of credit with no hidden fees.
| APR | 7.45–12.45% |
|---|---|
| Amount | CA$1k–CA$50k |
| Term | 12–60 months |
| ⚡ | 1-3 business days |
The Tangerine Line of Credit offers a competitive option for those seeking flexible borrowing without annual fees. Its fully online management makes it convenient for digital-savvy users.