Canada best personal loans in May 2024

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Bill and Expenses
  • Bill and Expenses
  • Car Repair
  • Debt Consolidation
  • Travel and Leisure
  • Home Improvement
  • Other
No Credit / Unsure
  • Good (650+)
  • Fair (550 - 650)
  • Poor (400 - 549)
  • Very Poor (399 or less)
  • Current Bankruptcy
  • No Credit / Unsure
AB
  • AB
  • BC
  • MB
  • NB
  • NL
  • NS
  • NT
  • NU
  • ON
  • PE
  • QC
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  • YT
10 Results

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Offers shown here are from third-party advertisers. We are not an agent, representative, or broker of any advertiser, and we don’t endorse or recommend any particular offer. Information is provided by the advertiser and is shown without any representation or warranty from us as to its accuracy or applicability. Each offer is subject to the advertiser’s review, approval, and terms. We receive compensation from companies whose offers are shown here, and that may impact how and where offers appear (and in what order). We don’t include all products or offers out there, but we hope what you see will give you some great options.

#1 Choice
$100 - $1,500
Loan Amount
88.31%
APR Range
  • Get instant cash approval
  • Funds provided in 24 hours
  • Occasional cashback promos
Pros & Cons
Extra Details
Popular
Apply Now

Friendly Lender

$100 - $1,000
Loan Amount
29.99% - 46.96%
APR Range
  • Funded in as little as 24 hours
  • E-transfer loan payments
  • Completely paperless process
Pros & Cons
Extra Details
Best Value
Apply Now

Spring Financial

$500 - $35,000
Loan Amount
9.99% - 46.96%
APR Range
  • Pay back anytime with no fees
  • Funds e-transfered the same day
  • Bi-weekly or monthly repayments
Pros & Cons
Extra Details
Apply Now

Smarter Loans

$500 - $50,000
Loan Amount
9.99% - 46.96%
APR Range
  • Find reputable Canadian lenders
  • Apply in 30 seconds
  • Safe & secure online process
Pros & Cons
Extra Details
Apply Now

SkyCap Financial

$500 - $10,000
Loan Amount
12.99% - 39.99%
APR Range
  • 600+ credit score required
  • Affordable Payments
  • Quick and Easy Online Process
Pros & Cons
Extra Details
Apply Now

Loans Canada

$500 - $50,000
Loan Amount
9.99% - 46.96%
APR Range
  • Find reputable Canadian lenders
  • 3 – 60 month terms
  • For residents of Canada
Pros & Cons
Extra Details
Apply Now

LoanConnect

$500 - $50,000
Loan Amount
8.00% - 46.96%
APR Range
  • Find reputable Canadian lenders
  • 6 – 60 month terms
  • For residents of Canada
Pros & Cons
Extra Details
$500 - $35,000
Loan Amount
29.99% - 49.96%
APR Range
  • Funded in as little as 24 hours
  • For residents of Canada
  • 12 – 60 months terms
Pros & Cons
Extra Details
Apply Now

Consolidated Credit

$5,000 - $50,000
Loan Amount
Varied
APR Range
  • No credit score required
  • For residents of Canada
  • 6 - 60 month terms
Pros & Cons
Extra Details
Apply Now

Consolidated Credit Canada

$5,000 - $50,000
Loan Amount
Varied
APR Range
  • No credit score required
  • For residents of Canada
  • 12 - 60 months terms
Pros & Cons
Extra Details

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FAQs about
Personal Loans

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How much can I get for a personal loan in Canada?

You can typically get from $100 - $50,000 for a personal loan amount in Canada. The personal loan amount that you are eligible to be approved for will be determined by your lender partner at the time the agreement is determined.

Will a personal loan have an impact on my credit score?

When you take out a personal loan, your credit score will be impacted slightly in the short-term. So if you need your credit score to be at its best, consider waiting a bit. However, if a personal loan will help you to make payments on your existing debts on time, the personal loan will prevent your credit score from dropping due to other reasons in the long-term.

What affects personal loan rates in Canada?

When you apply for a loan the lender you are matched with assesses to decide your loan interest rate. The lender will look at your credit history, the debt that you already have, the monthly income you have available to repay the personal loan, and the loan amount and term you’ve requested.

What can you do to save on personal loans in Canada?

You are already taking the first steps to saving on personal loans. When you apply with Comparewise, we automatically match you with the best deal for your situation.

What can personal loans be used for?

Personal loans can be used for almost anything, such as a car purchase, wedding, or consolidation of other debts you may have.

What should I look for in a good personal loan deal?

Before agreeing to a personal loan deal, make sure that the repayment is affordable for you. Take into account the monthly payment amount and the length of time you’ll be paying back the loan. Make sure you can fit this extra expense into your budget comfortably.

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