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TD Bank Personal Loan

TD Bank
8.99–23.99%
APR
Amount
CA$5k–CA$50k
Term
12–84 mo
Type
Personal
Approval
Same day to 2 business days
Best for: This loan is best for individuals seeking a reliable option for larger expenses, such as home renovations or debt consolidation.

KOHO Credit Building Account

KOHO
0.0–18.0%
APR
Amount
Up to CA$10
Term
4–12 mo
Type
Credit Builder
Approval
Instant approval
Best for: This service is best for individuals who are new to credit or those looking to rebuild their credit history through responsible spending.

LendDirect Personal Loan

LendDirect
19.9–46.93%
APR
Amount
CA$500–CA$25k
Term
6–60 mo
Type
Personal
Approval
15 minutes
Best for: This service is best for borrowers needing fast approvals and flexible eligibility criteria.

Tangerine Line of Credit

Tangerine
7.45–12.45%
APR
Amount
CA$1k–CA$50k
Term
12–60 mo
Type
Line of Credit
Approval
1-3 business days
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.

Desjardins Personal Loan

Desjardins
6.95–12.95%
APR
Amount
CA$500–CA$50k
Term
12–60 mo
Type
Personal
Approval
1-3 business days
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.

CIBC Unsecured Personal Loan Options

CIBC
9.0–10.0%
APR
Amount
CA$3k–CA$200k
Term
12–60 mo
Type
Personal
Approval
1-3 business days
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.

Fora Credit Line of Credit

Fora Credit
19.9–34.9%
APR
Amount
CA$1k–CA$15k
Term
12–100 mo
Type
Personal
Approval
Same day
Best for: This product is best for individuals seeking quick access to funds with a straightforward online application process.

Meridian Credit Union Personal Loan

Meridian Credit Union
7.49–12.99%
APR
Amount
CA$1k–CA$50k
Term
12–60 mo
Type
Personal
Approval
1-3 business days
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.

National Bank Personal Loan

National Bank of Canada
7.95–14.95%
APR
Amount
CA$2k–CA$50k
Term
12–60 mo
Type
Personal
Approval
1-3 business days
Best for: This loan is best for Quebec-based customers looking for personalized loan options with both fixed and variable rates.

Coast Capital Savings Personal Loan

Coast Capital Savings
7.99–14.99%
APR
Amount
CA$1k–CA$50k
Term
12–60 mo
Type
Personal
Approval
1-3 business days
Best for: This loan is ideal for individuals in British Columbia seeking a flexible, fee-free banking experience.

BMO Personal Loan

BMO
8.99–22.99%
APR
Amount
CA$2k–CA$35k
Term
12–60 mo
Type
Personal
Approval
Same day to 3 business days
Best for: This loan is ideal for high-credit borrowers looking for loans starting at $2,000 with long repayment terms.

Fairstone Personal Loans

Fairstone
29.99–34.99%
APR
Amount
CA$500–CA$50k
Term
6–120 mo
Type
Personal
Approval
Same day
Best for: Best for those who need quick access to unsecured funds and prefer both online and in-branch support.

Scotiabank Personal Loan

Scotiabank
6.0–10.0%
APR
Amount
CA$5k–CA$75k
Term
12–60 mo
Type
Personal
Approval
1-2 business days
Best for: Ideal for individuals with strong credit profiles looking for long-term borrowing solutions with flexible repayment options.

Mogo Personal Loan

Mogo
9.9–46.96%
APR
Amount
CA$500–CA$35k
Term
6–60 mo
Type
Personal
Approval
Minutes (online)
Best for: This loan is best for Canadians seeking short-term financing with a straightforward online application process and quick approvals.

Fig Financial Personal Loan

Fig Financial
8.99–29.49%
APR
Amount
CA$2k–CA$35k
Term
24–84 mo
Type
Personal
Approval
1-2 business days
Best for: This loan is best for individuals with a building credit tier seeking longer loan terms of up to seven years.

goPeer Personal Loan

goPeer
8.99–34.99%
APR
Amount
CA$1k–CA$35k
Term
36–60 mo
Type
Personal
Approval
3-5 business days
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.

RBC Royal Bank Personal Loan

RBC Royal Bank
9.0–13.0%
APR
Amount
CA$5k–CA$50k
Term
12–60 mo
Type
Personal
Approval
1-3 business days
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.

Spring Financial Personal Loan

Spring Financial
9.99–34.95%
APR
Amount
CA$300–CA$35k
Term
12–60 mo
Type
Personal
Approval
Same day
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.

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