Spring Financial Personal Loan Personal APR 9.99–34.95% Amount CA$300–CA$35k Term 12–60 mo Decision 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. Check rates →
KOHO Credit Building Account Credit Builder APR — Amount Up to CA$10 Term 4–12 mo Decision 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. Check rates →
Mogo Personal Loan Personal APR 9.9–46.96% Amount CA$500–CA$35k Term 6–60 mo Decision Minutes (online) Best for: This loan is best for Canadians seeking short-term financing with a straightforward online application process and quick approvals. Check rates →
RBC Royal Bank Personal Loan Personal APR 9.0–13.0% Amount CA$5k–CA$50k Term 12–60 mo Decision 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. Check rates →
Fairstone Personal Loans Personal APR 29.99–34.99% Amount CA$500–CA$50k Term 6–120 mo Decision Same day Best for: Best for those who need quick access to unsecured funds and prefer both online and in-branch support. Check rates →
CIBC Unsecured Personal Loan Options Personal APR 9.0–10.0% Amount CA$3k–CA$200k Term 12–60 mo Decision 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. Check rates →
Coast Capital Savings Personal Loan Personal APR 7.99–14.99% Amount CA$1k–CA$50k Term 12–60 mo Decision 1-3 business days Best for: This loan is ideal for individuals in British Columbia seeking a flexible, fee-free banking experience. Check rates →
Scotiabank Personal Loan Personal APR 6.0–10.0% Amount CA$5k–CA$75k Term 12–60 mo Decision 1-2 business days Best for: Ideal for individuals with strong credit profiles looking for long-term borrowing solutions with flexible repayment options. Check rates →
Desjardins Personal Loan Personal APR 6.95–12.95% Amount CA$500–CA$50k Term 12–60 mo Decision 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. Check rates →
TD Bank Personal Loan Personal APR 8.99–23.99% Amount CA$5k–CA$50k Term 12–84 mo Decision 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. Check rates →
goPeer Personal Loan Personal APR 8.99–34.99% Amount CA$1k–CA$35k Term 36–60 mo Decision 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. Check rates →
Meridian Credit Union Personal Loan Personal APR 7.49–12.99% Amount CA$1k–CA$50k Term 12–60 mo Decision 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. Check rates →
BMO Personal Loan Personal APR 8.99–22.99% Amount CA$2k–CA$35k Term 12–60 mo Decision 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. Check rates →
Fora Credit Line of Credit Personal APR 19.9–34.9% Amount CA$1k–CA$15k Term 12–100 mo Decision Same day Best for: This product is best for individuals seeking quick access to funds with a straightforward online application process. Check rates →
National Bank Personal Loan Personal APR 7.95–14.95% Amount CA$2k–CA$50k Term 12–60 mo Decision 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. Check rates →
Fig Financial Personal Loan Personal APR 8.99–29.49% Amount CA$2k–CA$35k Term 24–84 mo Decision 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. Check rates →
LendDirect Personal Loan Personal APR 19.9–46.93% Amount CA$500–CA$25k Term 6–60 mo Decision 15 minutes Best for: This service is best for borrowers needing fast approvals and flexible eligibility criteria. Check rates →
Tangerine Line of Credit Personal APR 7.45–12.45% Amount CA$1k–CA$50k Term 12–60 mo Decision 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. Check rates →