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Personal loans
A personal loan is a lump sum you repay over a set period at a fixed or variable rate. It is one of the most flexible ways to borrow in Canada: the funds are not tied to any specific asset and can cover anything from renovations to consolidating higher-cost debt. Compare amounts, effective annual rates, and provinces served before you commit.
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2lender(s) available
Available in Quebec
Available in Quebec
Coverage last verified on July 3, 2026
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Read the guideLoan protection insurance in Canada: what it covers, how it's priced, its common limits and when it can be worth it. It is always optional, never required.
Read the guideFixed or variable rate on a personal loan in Canada? How each works, what happens to payments when rates move, illustrative examples and lender questions.
Read the guideHow a personal loan works in Canada: typical rates, eligibility criteria, amounts, and tips for choosing the right offer.
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Read the guideSecured vs unsecured personal loans in Canada: how collateral affects your rate and approval, the risks of pledging an asset, and which option fits you.
Read the guideHow lenders set your maximum personal loan amount in Canada: income, debt-to-income ratio, credit score, and tips to estimate your own borrowing capacity.
Read the guideStep-by-step guide to applying for a personal loan in Canada: required documents, pre-qualification, credit checks, approval timelines, and practical tips.
Read the guideBad-credit personal loans in Canada: the higher rates to expect, how to boost your approval odds, secured options, and safer alternatives to costly loans.
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Read the guidePaying off a personal loan early in Canada: interest savings, prepayment penalties, open vs closed loans, and when other debts or savings should come first.
Read the guideSelf-employed in Canada? How to prove your income (notices of assessment, bank statements) and qualify for a personal loan despite irregular earnings.
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Read the guideReady to compare the lenders that fit you?
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