Personal loans
One form, several lenders, one honest comparison. Whether your credit is excellent or you're rebuilding, we'll show you which Canadian lenders realistically approve someone in your situation — and what the loan will cost over its full term.
Marketplace
Amounts, terms and credit tiers as published by each partner. Apply directly with the lender you choose.
High approval rates
The wide amount of credit scores that they service with high approval rates.
Amounts, terms and credit requirements are supplied by each lender and may change without notice. Links to lenders are paid partnerships.
Drag the sliders to see how the amount, term and rate change your payment and the total interest you pay.
Estimate your payment before you apply. Move the sliders to see how the amount, term and rate change what the loan actually costs you.
Estimated monthly payment
$416.70
Estimates only, based on equal monthly payments and the rate you enter. Your actual offer depends on the lender, your credit profile and any fees.
Personal loans in Canada are almost always fixed-rate instalment loans: you borrow a lump sum and repay it in equal monthly payments over a set term. The advertised rate is only half the story — the number that matters is the total cost of borrowing, which folds in the rate, the term and any origination or administration fees.
Stretching a loan over a longer term lowers the monthly payment and raises the total interest, sometimes dramatically. A $15,000 loan at 14.9% costs noticeably more over 60 months than over 36. Pick the shortest term whose payment you can comfortably sustain.
Applying to lenders who don't serve your credit range wastes time and can add hard inquiries to your file. Our comparison lists the credit tier each partner works with so you can shortlist realistically: Fairstone leans fair to good credit, Loanz publishes high approval rates for bad to fair credit, and LendingMate approves on the strength of a co-signer rather than a score.
If there's a chance you'll pay the loan off early — a bonus, a tax refund, a house sale — check whether the loan is open or closed and what the payout penalty is. An open loan at a slightly higher rate can be cheaper overall than a closed loan you break early.
Purchase, renewal and refinance rates from Canadian mortgage lenders.
Get pre-approved for auto financing before you set foot in a dealership.
Consolidate high-interest balances into one lower monthly payment.
Working capital and expansion financing for Canadian small businesses.
Check your personal loan options with Loanz in about two minutes. Free, and it won't affect your credit score.