Independent Lending Research

Compare personal loans

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

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Rates updated daily
No credit score impact
Editorial methodology

Recently added

KOHO Credit Building

niche id credit_builder
apr max 18.0
currency CAD
apr range 0%
amount range CAD 10/month subscription
term range 4+ months
loan type Credit Builder
price snapshots [{'timestamp': '2026-04-10T11:50:03.842172+00:00', 'values': {'apr_min': 0.0, 'apr_max': 18.0}}]
apr min currency CAD
apr max currency CAD
provider KOHO
term months min 4
term months max 12
requirements ['Canadian resident', '18+ years old', 'Active bank account']
approval time Instant approval
original image url https://www.koho.ca/icons/icon-48x48.png?v=3162206e8ea2aff961d8c3bdfbfae643

KOHO is more of a fintech app with credit-building tools than a traditional lender — useful for small borrowing needs and building credit.

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LendDirect Personal Loan

niche id personal_loans
apr min 19.9
apr max 46.93
currency CAD
apr range 24.99%-34.99%
amount range CAD 500 - CAD 25,000
term range 6-60 months
loan type Personal
price snapshots [{'timestamp': '2026-04-10T11:50:07.269679+00:00', 'values': {'apr_min': 19.9, 'apr_max': 46.93}}]
apr min currency CAD
apr max currency CAD
provider LendDirect
amount min 500
amount max 25000
term months min 6
term months max 60
requirements ['Canadian resident', '18+ years old', 'Active bank account', 'Active email and phone']
approval time 15 minutes
original image url https://www.lenddirect.ca/favicon-32x32.png

LendDirect offers fast online installment loans, but with APRs up to 47%, it's firmly in the high-cost lending category.

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Coast Capital Savings Personal Loan

niche id personal_loans
apr min 7.99
apr max 14.99
currency CAD
apr range 7%-14%
amount range CAD 1,000 - CAD 50,000
term range 12-60 months
loan type Personal
price snapshots [{'timestamp': '2026-04-10T11:49:59.848196+00:00', 'values': {'apr_min': 7.99, 'apr_max': 14.99}}]
apr min currency CAD
apr max currency CAD
provider Coast Capital Savings
amount min 1000
amount max 50000
term months min 12
term months max 60
requirements ['Coast Capital member', 'Canadian resident', 'Good credit score']
approval time 1-3 business days
original image url https://www.coastcapitalsavings.com/favicon.ico

Coast Capital stands out with free chequing and solid personal loan rates — a refreshingly no-fee approach to borrowing.

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TD Bank Personal Loan

niche id personal_loans
loan type Personal
apr min 8.99
apr max 23.99
loan amount min 5000
loan amount max 50000
loan term min 12
loan term max 84
currency CAD
credit tier standard
loan term long
price snapshots [{'timestamp': '2026-04-10T11:41:45.634212+00:00', 'values': {'apr_min': 8.99, 'apr_max': 23.99, 'loan_amount_min': 5000.0, 'loan_amount_max': 50000.0}}]
apr range 8.99%-23.99%
amount range CAD 5,000 - CAD 50,000
term range 12-84 months
apr min currency CAD
apr max currency CAD
provider TD Bank
amount min 5000
amount max 50000
term months min 12
term months max 84
requirements ['Canadian resident', 'Good credit history', 'Regular income', '18+ years old']
approval time Same day to 2 business days
original image url https://www.td.com/etc.clientlibs/tdsite/clientlibs/clientlib-wealth/resources/images/favicon.ico

TD offers one of the longest repayment terms among Big Five banks (up to 7 years), but the rate spread is wide depending on your credit profile.

Check eligibility →

Scotiabank Personal Loan

niche id personal_loans
loan type Personal
apr min 6.0
apr max 10.0
loan amount min 5000
loan amount max 75000
loan term min 12
loan term max 60
currency CAD
credit tier prime
loan term long
price snapshots [{'timestamp': '2026-04-10T11:41:53.188836+00:00', 'values': {'apr_min': 6.0, 'apr_max': 10.0, 'loan_amount_min': 5000.0, 'loan_amount_max': 75000.0}}]
apr range 6%-10%
amount range CAD 5,000 - CAD 75,000
term range 12-60 months
apr min currency CAD
apr max currency CAD
provider Scotiabank
amount min 5000
amount max 75000
term months min 12
term months max 60
requirements ['Canadian resident', 'Good credit score', 'Proof of income']
approval time 1-2 business days
original image url https://www.scotiabank.com/etc.clientlibs/scotiacore/clientlibs/clientlib-site/resources/images/favicons/favicon-180.png

Scotiabank offers the lowest starting APR (6%) among major Canadian banks for personal loans — genuinely competitive for top-tier borrowers.

Check eligibility →

Fig Financial Personal Loan

niche id personal_loans
loan type Personal
apr min 8.99
apr max 29.49
loan amount min 2000
loan amount max 35000
loan term min 24
loan term max 84
currency CAD
credit tier standard
loan term long
price snapshots [{'timestamp': '2026-04-10T11:42:00.153598+00:00', 'values': {'apr_min': 8.99, 'apr_max': 29.49, 'loan_amount_min': 2000.0, 'loan_amount_max': 35000.0}}]
apr range 8.99%-29.49%
amount range CAD 2,000 - CAD 35,000
term range 24-84 months
apr min currency CAD
apr max currency CAD
provider Fig Financial
amount min 2000
amount max 35000
term months min 24
term months max 84
requirements ['Canadian resident', '18+ years old', 'Active bank account']
approval time 1-2 business days
original image url https://www.figfinancial.com/wp-content/uploads/2023/09/cropped-favicon-180x180.png

Fig Financial bridges the gap between banks and high-rate lenders with competitive starting rates and terms up to 7 years — a solid mid-market option.

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Tangerine Line of Credit

niche id personal_loans
apr min 7.45
apr max 12.45
currency CAD
apr range 4.45%-9.45%
amount range CAD 1,000 - CAD 50,000
term range Revolving
loan type Line of Credit
price snapshots [{'timestamp': '2026-04-10T11:49:55.537039+00:00', 'values': {'apr_min': 7.45, 'apr_max': 12.45}}]
apr min currency CAD
apr max currency CAD
provider Tangerine
amount min 1000
amount max 50000
term months min 12
term months max 60
requirements ['Canadian resident', 'Tangerine client or new applicant', 'Good credit history']
approval time 1-3 business days
original image url https://www.tangerine.ca/apple-touch-icon.png

Tangerine offers one of the most competitive unsecured lines of credit in Canada — fully digital, no annual fee, backed by Scotiabank.

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Mogo Personal Loan

niche id personal_loans
apr min 9.9
apr max 46.96
currency CAD
apr range 9.90%-35%
amount range CAD 500 - CAD 35,000
term range 6-60 months
loan type Personal
price snapshots [{'timestamp': '2026-04-10T11:51:33.096139+00:00', 'values': {'apr_min': 9.9, 'apr_max': 46.96}}]
apr min currency CAD
apr max currency CAD
provider Mogo
amount min 500
amount max 35000
term months min 6
term months max 60
requirements ['Canadian resident', '19+ years old', 'Active bank account', 'Minimum income requirements']
approval time Minutes (online)
original image url https://www.mogo.ca/apple-touch-icon.png

Mogo offers fast online lending with soft credit checks, but the APR can reach nearly 47% — convenience comes at a steep cost for riskier borrowers.

Check eligibility →

Meridian Credit Union Personal Loan

niche id personal_loans
apr min 7.49
apr max 12.99
currency CAD
apr range 6.95%-12%
amount range CAD 5,000 - CAD 50,000
term range 12-60 months
loan type Personal
price snapshots [{'timestamp': '2026-04-10T11:51:19.251878+00:00', 'values': {'apr_min': 7.49, 'apr_max': 12.99}}]
apr min currency CAD
apr max currency CAD
provider Meridian Credit Union
amount min 1000
amount max 50000
term months min 12
term months max 60
requirements ['Ontario resident (member)', 'Good credit score', 'Proof of income']
approval time 1-3 business days
original image url https://www.meridiancu.ca/favicon.ico

Meridian offers Big-Bank-competitive rates with the personal touch of a credit union. A strong alternative for Ontario residents.

Check eligibility →

RBC Royal Bank Personal Loan

niche id personal_loans
loan type Personal
apr min 9.0
apr max 13.0
loan amount min 5000
loan amount max 50000
loan term min 12
loan term max 60
currency CAD
credit tier prime
loan term long
price snapshots [{'timestamp': '2026-04-10T11:41:41.959274+00:00', 'values': {'apr_min': 9.0, 'apr_max': 13.0, 'loan_amount_min': 5000.0, 'loan_amount_max': 50000.0}}]
apr range 9%-13%
amount range CAD 5,000 - CAD 50,000
term range 12-60 months
apr min currency CAD
apr max currency CAD
provider RBC Royal Bank
amount min 5000
amount max 50000
term months min 12
term months max 60
requirements ['Canadian resident', 'Good credit score', 'Steady income']
approval time 1-3 business days
original image url https://www.rbcroyalbank.com/favicon.ico

One of Canada's Big Five banks offering competitive personal loan rates for well-qualified borrowers with an existing RBC relationship.

Check eligibility →

National Bank Personal Loan

niche id personal_loans
apr min 7.95
apr max 14.95
currency CAD
apr range 6.25%-12%
amount range CAD 5,000 - CAD 50,000
term range 12-120 months
loan type Personal
price snapshots [{'timestamp': '2026-04-10T11:51:26.216408+00:00', 'values': {'apr_min': 7.95, 'apr_max': 14.95}}]
apr min currency CAD
apr max currency CAD
provider National Bank of Canada
amount min 2000
amount max 50000
term months min 12
term months max 60
requirements ['Canadian resident', 'Good credit score', 'Proof of income']
approval time 1-3 business days
original image url https://www.nbc.ca/apple-touch-icon.png

National Bank rounds out Canada's Big Six with competitive personal loan rates, especially strong in Quebec where it has the deepest branch network.

Check eligibility →

Spring Financial Personal Loan

niche id personal_loans
loan type Personal
apr min 9.99
apr max 34.95
loan amount min 300
loan amount max 35000
loan term min 12
loan term max 60
currency CAD
credit tier standard
loan term long
price snapshots [{'timestamp': '2026-04-10T11:42:07.819291+00:00', 'values': {'apr_min': 9.99, 'apr_max': 34.95, 'loan_amount_min': 300.0, 'loan_amount_max': 35000.0}}]
apr range 9.99%-34.95%
amount range CAD 300 - CAD 35,000
term range 12-60 months
apr min currency CAD
apr max currency CAD
provider Spring Financial
amount min 300
amount max 35000
term months min 12
term months max 60
requirements ['Canadian resident', '18+ years old', 'Active bank account', 'Minimum income $2,000/month']
approval time Same day
original image url https://springfinancial.ca/wp-content/uploads/2025/08/spring-favicon-512-300x300.png

Spring Financial caters to a wide range of borrowers with loans starting as low as $300 — good for small needs, but rates reflect the risk.

Check eligibility →

Fairstone Personal Loan

niche id personal_loans
apr min 29.99
apr max 34.99
currency CAD
apr range 19.99%-34.99%
amount range CAD 500 - CAD 60,000
term range 6-120 months
loan type Personal
price snapshots [{'timestamp': '2026-04-10T11:51:29.742032+00:00', 'values': {'apr_min': 29.99, 'apr_max': 34.99}}]
apr min currency CAD
apr max currency CAD
provider Fairstone
amount min 500
amount max 50000
term months min 6
term months max 120
requirements ['Canadian resident', '18+ years old', 'Proof of income', 'Active bank account']
approval time Same day
original image url https://www.fairstone.ca/etc.clientlibs/fs/clientlibs/clientlib-base/resources/icons/favicon.png

Fairstone is a well-established non-bank lender, but with unsecured rates starting at 29.99%, it's a last resort when banks say no.

Check eligibility →

Desjardins Personal Loan

niche id personal_loans
apr min 6.95
apr max 12.95
currency CAD
apr range 5.95%-11%
amount range CAD 3,000 - CAD 50,000
term range 12-60 months
loan type Personal
price snapshots [{'timestamp': '2026-04-10T11:51:22.727794+00:00', 'values': {'apr_min': 6.95, 'apr_max': 12.95}}]
apr min currency CAD
apr max currency CAD
provider Desjardins
amount min 500
amount max 50000
term months min 12
term months max 60
requirements ['Desjardins member', 'Canadian resident', 'Good credit history']
approval time 1-3 business days
original image url https://www.desjardins.com/etc.clientlibs/dcom/clientlibs/clientlib-base/resources/favicon.ico

As Canada's largest credit union group, Desjardins combines competitive rates with a cooperative model — profits go back to members.

Check eligibility →

CIBC Personal Loan

niche id personal_loans
loan type Personal
apr min 9.0
apr max 10.0
loan amount min 3000
loan amount max 200000
loan term min 12
loan term max 60
currency CAD
credit tier prime
loan term long
price snapshots [{'timestamp': '2026-04-10T11:41:49.125928+00:00', 'values': {'apr_min': 9.0, 'apr_max': 10.0, 'loan_amount_min': 3000.0, 'loan_amount_max': 200000.0}}]
apr range 9%-10%
amount range CAD 3,000 - CAD 200,000
term range 12-60 months
apr min currency CAD
apr max currency CAD
provider CIBC
amount min 3000
amount max 200000
term months min 12
term months max 60
requirements ['Canadian resident', 'Minimum annual income $17,000 gross', 'Good credit score']
approval time 1-3 business days
original image url https://www.cibc.com/apple-touch-icon.png

CIBC stands out with a remarkably tight rate band (9-10%) and the highest maximum loan amount ($200K) among Canadian banks — but approval is selective.

Check eligibility →

BMO Personal Loan

niche id personal_loans
loan type Personal
apr min 8.99
apr max 22.99
loan amount min 2000
loan amount max 35000
loan term min 12
loan term max 60
currency CAD
credit tier standard
loan term long
price snapshots [{'timestamp': '2026-04-10T11:42:21.409449+00:00', 'values': {'apr_min': 8.99, 'apr_max': 22.99, 'loan_amount_min': 2000.0, 'loan_amount_max': 35000.0}}]
apr range 8.99%-22.99%
amount range CAD 2,000 - CAD 35,000
term range 12-60 months
apr min currency CAD
apr max currency CAD
provider BMO
amount min 2000
amount max 35000
term months min 12
term months max 60
requirements ['Canadian resident', '18+ years old', 'Good credit history', 'Steady income source']
approval time Same day to 3 business days
original image url https://www.bmo.com/favicon.ico

BMO's personal loan has the lowest minimum borrowing amount ($2K) among Big Five banks, making it accessible for smaller needs.

Check eligibility →

goPeer Personal Loan

niche id personal_loans
loan type Personal
apr min 8.99
apr max 34.99
loan amount min 1000
loan amount max 35000
loan term min 36
loan term max 60
currency CAD
credit tier standard
loan term long
price snapshots [{'timestamp': '2026-04-10T11:42:04.008859+00:00', 'values': {'apr_min': 8.99, 'apr_max': 34.99, 'loan_amount_min': 1000.0, 'loan_amount_max': 35000.0}}]
apr range 8.99%-34.99%
amount range CAD 1,000 - CAD 35,000
term range 36-60 months
apr min currency CAD
apr max currency CAD
provider goPeer
amount min 1000
amount max 35000
term months min 36
term months max 60
requirements ['Canadian resident', 'Credit score 600+', 'Active bank account', 'Proof of income']
approval time 3-5 business days

Canada's peer-to-peer lending platform offers competitive rates but with a unique model — you're borrowing from individual investors, not a bank.

Check eligibility →

Fora Credit Line of Credit

niche id personal_loans
loan type Personal
apr min 19.9
apr max 34.9
loan amount min 1000
loan amount max 15000
loan term min 6
loan term max 100
currency CAD
credit tier subprime
loan term long
price snapshots [{'timestamp': '2026-04-10T11:41:56.633178+00:00', 'values': {'apr_min': 19.9, 'apr_max': 34.9, 'loan_amount_min': 1000.0, 'loan_amount_max': 15000.0}}]
apr range 19.90%-34.90%
amount range CAD 1,000 - CAD 15,000
term range Up to 100 months
apr min currency CAD
apr max currency CAD
provider Fora Credit
amount min 1000
amount max 15000
term months min 12
term months max 100
requirements ['Canadian resident', '18+ years old', 'Active bank account', 'Regular income']
approval time Same day

An accessible line of credit for borrowers who can't qualify at banks, but the rates are high — treat it as a stepping stone, not a long-term solution.

Check eligibility →