Compare personal loans

Real rates from banks and fintechs. Compared side by side, no affiliate bias.

Independent reviews No impact to credit score Updated daily

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KOHO Credit Building Account

Credit Builder

  1. Estimated APR

  2. Loan amount

    Up to CA$10

  3. Term

    4–12 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.

RBC Royal Bank Personal Loan

Personal

  1. Estimated APR

    9.0–13.0%

  2. Loan amount

    CA$5k–CA$50k

  3. Term

    12–60 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.

TD Bank Personal Loan

Personal

  1. Estimated APR

    8.99–23.99%

  2. Loan amount

    CA$5k–CA$50k

  3. Term

    12–84 mo

Best for: This loan is best for individuals seeking a reliable option for larger expenses, such as home renovations or debt consolidation.

Scotiabank Personal Loan

Personal

  1. Estimated APR

    6.0–10.0%

  2. Loan amount

    CA$5k–CA$75k

  3. Term

    12–60 mo

Best for: Ideal for individuals with strong credit profiles looking for long-term borrowing solutions with flexible repayment options.

National Bank Personal Loan

Personal

  1. Estimated APR

    7.95–14.95%

  2. Loan amount

    CA$2k–CA$50k

  3. Term

    12–60 mo

Best for: This loan is best for Quebec-based customers looking for personalized loan options with both fixed and variable rates.

CIBC Unsecured Personal Loan Options

Personal

  1. Estimated APR

    9.0–10.0%

  2. Loan amount

    CA$3k–CA$200k

  3. Term

    12–60 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.

goPeer Personal Loan

Personal

  1. Estimated APR

    8.99–34.99%

  2. Loan amount

    CA$1k–CA$35k

  3. Term

    36–60 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.

Tangerine Line of Credit

Personal

  1. Estimated APR

    7.45–12.45%

  2. Loan amount

    CA$1k–CA$50k

  3. Term

    12–60 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.

Mogo Personal Loan

Personal

  1. Estimated APR

    9.9–46.96%

  2. Loan amount

    CA$500–CA$35k

  3. Term

    6–60 mo

Best for: This loan is best for Canadians seeking short-term financing with a straightforward online application process and quick approvals.

Meridian Credit Union Personal Loan

Personal

  1. Estimated APR

    7.49–12.99%

  2. Loan amount

    CA$1k–CA$50k

  3. Term

    12–60 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.

Fairstone Personal Loans

Personal

  1. Estimated APR

    29.99–34.99%

  2. Loan amount

    CA$500–CA$50k

  3. Term

    6–120 mo

Best for: Best for those who need quick access to unsecured funds and prefer both online and in-branch support.

Spring Financial Personal Loan

Personal

  1. Estimated APR

    9.99–34.95%

  2. Loan amount

    CA$300–CA$35k

  3. Term

    12–60 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.

Fig Financial Personal Loan

Personal

  1. Estimated APR

    8.99–29.49%

  2. Loan amount

    CA$2k–CA$35k

  3. Term

    24–84 mo

Best for: This loan is best for individuals with a building credit tier seeking longer loan terms of up to seven years.

Desjardins Personal Loan

Personal

  1. Estimated APR

    6.95–12.95%

  2. Loan amount

    CA$500–CA$50k

  3. Term

    12–60 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.

LendDirect Personal Loan

Personal

  1. Estimated APR

    19.9–46.93%

  2. Loan amount

    CA$500–CA$25k

  3. Term

    6–60 mo

Best for: This service is best for borrowers needing fast approvals and flexible eligibility criteria.

BMO Personal Loan

Personal

  1. Estimated APR

    8.99–22.99%

  2. Loan amount

    CA$2k–CA$35k

  3. Term

    12–60 mo

Best for: This loan is ideal for high-credit borrowers looking for loans starting at $2,000 with long repayment terms.

Fora Credit Line of Credit

Personal

  1. Estimated APR

    19.9–34.9%

  2. Loan amount

    CA$1k–CA$15k

  3. Term

    12–100 mo

Best for: This product is best for individuals seeking quick access to funds with a straightforward online application process.