Expert Analysis

Compare personal loans

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

CA$10,000
Purpose
No credit score impact Updated daily Expert reviewed

Recently added

APR
19.9–46.93%
Amount
CA$500–CA$25k
Term
6–60mo

LendDirect is a viable option for Canadians seeking quick online personal loans, particularly for those with diverse credit histories.

APR
Amount
Up to CA$10
Term
4–12mo

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.

APR
29.99–34.99%
Amount
CA$500–CA$50k
Term
6–120mo

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.

APR
6.95–12.95%
Amount
CA$500–CA$50k
Term
12–60mo

Desjardins offers a solid option for personal loans with competitive rates and member-oriented service, making it a viable choice for many borrowers.

APR
6.0–10.0%
Amount
CA$5k–CA$75k
Term
12–60mo

Scotiabank offers competitive personal loan rates for borrowers with good credit, making it a solid choice for those in need of financing.

APR
9.9–46.96%
Amount
CA$500–CA$35k
Term
6–60mo

Mogo offers a convenient online personal loan solution, particularly for those needing quick access to funds without a credit score hit.

APR
7.99–14.99%
Amount
CA$1k–CA$50k
Term
12–60mo

Coast Capital Savings offers competitive personal loan rates with a member-focused approach. However, potential borrowers should carefully consider their financial situation before applying.

APR
9.0–13.0%
Amount
CA$5k–CA$50k
Term
12–60mo

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.

APR
8.99–34.99%
Amount
CA$1k–CA$35k
Term
36–60mo

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.

APR
7.49–12.99%
Amount
CA$1k–CA$50k
Term
12–60mo

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.

APR
8.99–22.99%
Amount
CA$2k–CA$35k
Term
12–60mo

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.

APR
9.99–34.95%
Amount
CA$300–CA$35k
Term
12–60mo

Spring Financial offers a quick and flexible personal loan option, especially beneficial for those needing fast funding and accommodating various credit levels.

APR
7.45–12.45%
Amount
CA$1k–CA$50k
Term
12–60mo

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.

APR
7.95–14.95%
Amount
CA$2k–CA$50k
Term
12–60mo

National Bank offers flexible personal loan options at competitive rates, especially for Quebec residents. However, potential borrowers should carefully evaluate their financial needs.