Real rates from banks and fintechs. Compared side by side, no affiliate bias.
Term
12 mo
Best for: This service is best for individuals who are new to credit or those looking to rebuild their credit history through responsible spending.
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.
Coast Capital Savings
APR
7.99% - 14.99%
Amount
CAD50,000
Term
60 mo
Best for: This loan is ideal for individuals in British Columbia seeking a flexible, fee-free banking experience.
Coast Capital Savings offers competitive personal loan rates with a member-focused approach. However, potential borrowers should carefully consider their financial situation before applying.
LendDirect
APR
19.9% - 46.93%
Amount
CAD25,000
Term
60 mo
Best for: This service is best for borrowers needing fast approvals and flexible eligibility criteria.
LendDirect is a viable option for Canadians seeking quick online personal loans, particularly for those with diverse credit histories.
TD Bank
APR
8.99% - 23.99%
Amount
CAD50,000
Term
84 mo
Best for: This loan is best for individuals seeking a reliable option for larger expenses, such as home renovations or debt consolidation.
TD Bank offers a flexible personal loan with reasonable terms, ideal for those with good credit.
Meridian Credit Union
APR
7.49% - 12.99%
Amount
CAD50,000
Term
60 mo
Best for: This loan is best for members of Meridian looking for flexible personal loan options with reasonable APRs and a commitment to customer service.
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.
goPeer
APR
8.99% - 34.99%
Amount
CAD35,000
Term
60 mo
Best for: 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.
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.
Fairstone
APR
29.99% - 34.99%
Amount
CAD50,000
Term
120 mo
Best for: Best for those who need quick access to unsecured funds and prefer both online and in-branch support.
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.
National Bank of Canada
APR
7.95% - 14.95%
Amount
CAD50,000
Term
60 mo
Best for: This loan is best for Quebec-based customers looking for personalized loan options with both fixed and variable rates.
National Bank offers flexible personal loan options at competitive rates, especially for Quebec residents. However, potential borrowers should carefully evaluate their financial needs.
Tangerine
APR
7.45% - 12.45%
Amount
CAD50,000
Term
60 mo
Best for: 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.
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.
Desjardins
APR
6.95% - 12.95%
Amount
CAD50,000
Term
60 mo
Best for: This loan is best for current Desjardins members seeking flexible terms and personalized service, along with those who prefer a well-established institution.
Desjardins offers a solid option for personal loans with competitive rates and member-oriented service, making it a viable choice for many borrowers.
Spring Financial
APR
9.99% - 34.95%
Amount
CAD35,000
Term
60 mo
Best for: This service is ideal for individuals looking to build their credit while accessing loan amounts between $500 and $35,000 with fast funding.
Spring Financial offers a quick and flexible personal loan option, especially beneficial for those needing fast funding and accommodating various credit levels.
Mogo
APR
9.9% - 46.96%
Amount
CAD35,000
Term
60 mo
Best for: This loan is best for Canadians seeking short-term financing with a straightforward online application process and quick approvals.
Mogo offers a convenient online personal loan solution, particularly for those needing quick access to funds without a credit score hit.
APR
8.99% - 22.99%
Amount
CAD35,000
Term
60 mo
Best for: This loan is ideal for high-credit borrowers looking for loans starting at $2,000 with long repayment terms.
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.
APR
9.0% - 10.0%
Amount
CAD200,000
Term
60 mo
Best for: This loan is best for individuals looking to consolidate debt or finance significant purchases without collateral, thanks to its high limit and varied terms.
The CIBC Personal Loan offers flexible borrowing options with competitive rates, making it a solid choice for those with strong credit.
Fig Financial
APR
8.99% - 29.49%
Amount
CAD35,000
Term
84 mo
Best for: This loan is best for individuals with a building credit tier seeking longer loan terms of up to seven years.
Fig Financial offers competitive online personal loans with flexible terms, making them a viable option for those looking to build credit.
Scotiabank
APR
6.0% - 10.0%
Amount
CAD75,000
Term
60 mo
Best for: Ideal for individuals with strong credit profiles looking for long-term borrowing solutions with flexible repayment options.
Scotiabank offers competitive personal loan rates for borrowers with good credit, making it a solid choice for those in need of financing.
Fora Credit
APR
19.9% - 34.9%
Amount
CAD15,000
Term
100 mo
Best for: This product is best for individuals seeking quick access to funds with a straightforward online application process.
Fora offers a flexible line of credit that can quickly address your financial needs, but the interest rates are on the higher side.
RBC Royal Bank
APR
9.0% - 13.0%
Amount
CAD50,000
Term
60 mo
Best for: This loan is ideal for individuals with a high credit score looking for long-term financing options without the worry of early repayment fees.
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.
