Real rates from banks and fintechs. Compared side by side, no affiliate bias.
Scores based on editorial review methodology
Best for: This service is best for individuals who are new to credit or those looking to rebuild their credit history through responsible spending.
APR
0.0–18.0%
Amount
Up to CA$10
Term
4–12mo
Speed
Instant approval
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.
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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.
APR
9.99–34.95%
Amount
CA$300–CA$35k
Term
12–60mo
Speed
Same day
Spring Financial offers a quick and flexible personal loan option, especially beneficial for those needing fast funding and accommodating various credit levels.
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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.
APR
7.45–12.45%
Amount
CA$1k–CA$50k
Term
12–60mo
Speed
1-3 business days
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.
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Best for: This loan is ideal for individuals in British Columbia seeking a flexible, fee-free banking experience.
APR
7.99–14.99%
Amount
CA$1k–CA$50k
Term
12–60mo
Speed
1-3 business days
Coast Capital Savings offers competitive personal loan rates with a member-focused approach. However, potential borrowers should carefully consider their financial situation before applying.
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Best for: Best for those who need quick access to unsecured funds and prefer both online and in-branch support.
APR
29.99–34.99%
Amount
CA$500–CA$50k
Term
6–120mo
Speed
Same day
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.
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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.
APR
6.95–12.95%
Amount
CA$500–CA$50k
Term
12–60mo
Speed
1-3 business days
Desjardins offers a solid option for personal loans with competitive rates and member-oriented service, making it a viable choice for many borrowers.
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Best for: This loan is best for Quebec-based customers looking for personalized loan options with both fixed and variable rates.
APR
7.95–14.95%
Amount
CA$2k–CA$50k
Term
12–60mo
Speed
1-3 business days
National Bank offers flexible personal loan options at competitive rates, especially for Quebec residents. However, potential borrowers should carefully evaluate their financial needs.
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Best for: Ideal for individuals with strong credit profiles looking for long-term borrowing solutions with flexible repayment options.
APR
6.0–10.0%
Amount
CA$5k–CA$75k
Term
12–60mo
Speed
1-2 business days
Scotiabank offers competitive personal loan rates for borrowers with good credit, making it a solid choice for those in need of financing.
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Best for: This product is best for individuals seeking quick access to funds with a straightforward online application process.
APR
19.9–34.9%
Amount
CA$1k–CA$15k
Term
12–100mo
Speed
Same day
Fora offers a flexible line of credit that can quickly address your financial needs, but the interest rates are on the higher side.
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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.
APR
7.49–12.99%
Amount
CA$1k–CA$50k
Term
12–60mo
Speed
1-3 business days
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.
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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.
APR
9.0–10.0%
Amount
CA$3k–CA$200k
Term
12–60mo
Speed
1-3 business days
The CIBC Personal Loan offers flexible borrowing options with competitive rates, making it a solid choice for those with strong credit.
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Best for: This loan is ideal for high-credit borrowers looking for loans starting at $2,000 with long repayment terms.
APR
8.99–22.99%
Amount
CA$2k–CA$35k
Term
12–60mo
Speed
Same day to 3 business days
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.
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Best for: This service is best for borrowers needing fast approvals and flexible eligibility criteria.
APR
19.9–46.93%
Amount
CA$500–CA$25k
Term
6–60mo
Speed
15 minutes
LendDirect is a viable option for Canadians seeking quick online personal loans, particularly for those with diverse credit histories.
Read review→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.
APR
8.99–34.99%
Amount
CA$1k–CA$35k
Term
36–60mo
Speed
3-5 business days
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.
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Best for: This loan is best for individuals seeking a reliable option for larger expenses, such as home renovations or debt consolidation.
APR
8.99–23.99%
Amount
CA$5k–CA$50k
Term
12–84mo
Speed
Same day to 2 business days
TD Bank offers a flexible personal loan with reasonable terms, ideal for those with good credit.
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Best for: This loan is best for Canadians seeking short-term financing with a straightforward online application process and quick approvals.
APR
9.9–46.96%
Amount
CA$500–CA$35k
Term
6–60mo
Speed
Minutes (online)
Mogo offers a convenient online personal loan solution, particularly for those needing quick access to funds without a credit score hit.
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Best for: This loan is best for individuals with a building credit tier seeking longer loan terms of up to seven years.
APR
8.99–29.49%
Amount
CA$2k–CA$35k
Term
24–84mo
Speed
1-2 business days
Fig Financial offers competitive online personal loans with flexible terms, making them a viable option for those looking to build credit.
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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.
APR
9.0–13.0%
Amount
CA$5k–CA$50k
Term
12–60mo
Speed
1-3 business days
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.
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