FLEXIBLE FINANCING

Personal Loans

Access the funds you need for life's big moments. Compare tailored rates from Canada's top lenders in one secure place.

Checking rates won't impact your credit score
Funding available in as little as 24 hours
Quick • Private • No obligation

Smart Match Finder

Smart Match

Answer a few quick questions and get matched in minutes.

Find My Match Start
Secure form

Top Personal Loans

Our expert rankings of the Personal Loans.

Fig Financial
Fig Unsecured Personal Loan
Est. APR
8.99% - 29.49%
Loan Amount
$2k - $35k
Loan Terms
24 - 84 Mo
Recommended Score
All Credit Types
No Collateral Required Fast Approval Online Application No Early Repayment Penalty Soft Credit Check for Pre-approval Funds Deposited within 24h
Min Income: No strict min.
Origination Fee: 0%
Funding: Within 24h
Go to Site
Secure & No Credit Impact
Rates, Fees & Terms
Rate Type Fixed
Typical APR Varies
Loan Amounts $2,000 - $35,000
Available Terms 24 to 84 months
Origination Fee 0%
Admin/Flat Fee $0
Avg. Funding Time Within 24 Hours
Eligibility Requirements
Minimum Income No strict minimum
Credit Score Required No Minimum
Minimum Age Age of majority
Residency Status Canadian Resident
Included Features
No Collateral Required Fast Approval Online Application No Early Repayment Penalty Soft Credit Check for Pre-approval Funds Deposited within 24h
Fig Financial
Fig Home Improvement Loan
Est. APR
8.99% - 29.49%
Loan Amount
$2k - $35k
Loan Terms
24 - 84 Mo
Recommended Score
All Credit Types
No Collateral Required Fast Approval Online Application No Early Repayment Penalty Soft Credit Check for Pre-approval Funds Deposited within 24h
Min Income: No strict min.
Origination Fee: 0%
Funding: Within 24h
Go to Site
Secure & No Credit Impact
Rates, Fees & Terms
Rate Type Fixed
Typical APR Varies
Loan Amounts $2,000 - $35,000
Available Terms 24 to 84 months
Origination Fee 0%
Admin/Flat Fee $0
Avg. Funding Time Within 24 Hours
Eligibility Requirements
Minimum Income No strict minimum
Credit Score Required No Minimum
Minimum Age Age of majority
Residency Status Canadian Resident
Included Features
No Collateral Required Fast Approval Online Application No Early Repayment Penalty Soft Credit Check for Pre-approval Funds Deposited within 24h
Nyble
Nyble Personal Loan
Est. APR
0%
Loan Amount
$30 - $250
Loan Terms
Varies
Recommended Score
All Credit Types
Online Application Flexible Repayment Options Bad Credit Considered Credit Bureau Reporting Funds Deposited within 24h
Min Income: $12k/yr
Origination Fee: 0%
Funding: Varies
Go to Site
Secure & No Credit Impact
0% Interest. Optional $11.99/mo membership for instant funding and identity protection.
Rates, Fees & Terms
Rate Type Fixed
Typical APR Varies
Loan Amounts $30 - $250
Available Terms N/A to N/A months
Origination Fee 0%
Admin/Flat Fee $0
Avg. Funding Time Varies
Eligibility Requirements
Minimum Income $12,000/yr
Credit Score Required No Minimum
Minimum Age Age of majority
Residency Status Canadian Resident
Included Features
Online Application Flexible Repayment Options Bad Credit Considered Credit Bureau Reporting Funds Deposited within 24h
Bree
Bree Cash Advance
Est. APR
0%
Loan Amount
$15 - $750
Loan Terms
Varies
Recommended Score
All Credit Types
Fast Approval Online Application Funds Deposited within 24h
Min Income: No strict min.
Origination Fee: 0%
Funding: Varies
Go to Site
Secure & No Credit Impact
Rates, Fees & Terms
Rate Type Fixed
Typical APR Varies
Loan Amounts $15 - $750
Available Terms N/A to N/A months
Origination Fee 0%
Admin/Flat Fee $0
Avg. Funding Time Varies
Eligibility Requirements
Minimum Income No strict minimum
Credit Score Required No Minimum
Minimum Age Age of majority
Residency Status Canadian Resident
Included Features
Fast Approval Online Application Funds Deposited within 24h
Nyble
Nyble Credit Building Line
Est. APR
0%
Loan Amount
$30 - $250
Loan Terms
Varies
Recommended Score
All Credit Types
Online Application Flexible Repayment Options Bad Credit Considered Credit Bureau Reporting Funds Deposited within 24h
Min Income: $12k/yr
Origination Fee: 0%
Funding: Varies
Go to Site
Secure & No Credit Impact
0% Interest. Optional $11.99/mo membership for instant funding and identity protection.
Rates, Fees & Terms
Rate Type Fixed
Typical APR Varies
Loan Amounts $30 - $250
Available Terms N/A to N/A months
Origination Fee 0%
Admin/Flat Fee $0
Avg. Funding Time Varies
Eligibility Requirements
Minimum Income $12,000/yr
Credit Score Required No Minimum
Minimum Age Age of majority
Residency Status Canadian Resident
Included Features
Online Application Flexible Repayment Options Bad Credit Considered Credit Bureau Reporting Funds Deposited within 24h
goPeer
goPeer Personal Loan
Est. APR
8.99% - 34.99%
Loan Amount
$1k - $35k
Loan Terms
36 - 60 Mo
Recommended Score
All Credit Types
No Collateral Required Soft Credit Check for Pre-approval
Min Income: $35k/yr
Origination Fee: 0%
Funding: 2 Days
Go to Site
Secure & No Credit Impact
Rates, Fees & Terms
Rate Type Fixed
Typical APR 19.99%
Loan Amounts $1,000 - $35,000
Available Terms 36 to 60 months
Origination Fee 0%
Admin/Flat Fee $0
Avg. Funding Time 2 Days
Eligibility Requirements
Minimum Income $35,000/yr
Credit Score Required No Minimum
Minimum Age 19 years old
Residency Status Canadian Resident
Included Features
No Collateral Required Fast Approval Online Application Soft Credit Check for Pre-approval

Representative Example: For example, the average borrowing cost paid on a $10,000 unsecured personal loan at an APR of 19.99%, with a 3-year term and weekly payments of $85.36 is $3,301.20.

Fairstone Bank
Fairstone Unsecured Personal Loan
Est. APR
29.99%
Loan Amount
$500 - $25k
Loan Terms
6 - 60 Mo
Recommended Score
All Credit Types
Fast Approval No Early Repayment Penalty Funds Deposited within 24h
Min Income: No strict min.
Origination Fee: 0%
Funding: Within 24h
Go to Site
Secure & No Credit Impact
Rates, Fees & Terms
Rate Type Fixed
Typical APR 29.99%
Loan Amounts $500 - $25,000
Available Terms 6 to 60 months
Origination Fee 0%
Admin/Flat Fee $0
Avg. Funding Time Within 24 Hours
Eligibility Requirements
Minimum Income No strict minimum
Credit Score Required No Minimum
Minimum Age Age of majority
Residency Status Canadian Resident
Included Features
Fast Approval Online Application No Early Repayment Penalty Weekly/Bi-weekly Payments Bad Credit Considered Branch Support Available Funds Deposited within 24h
Highlights & Pros
  • Extremely fast funding (often same day)
  • No collateral or homeownership required
  • No penalties for paying off the loan early
  • Complete the entire process from home using a secure portal
Things to Consider
  • Higher interest rates (29.99%+) compared to secured loans
  • Lower maximum borrowing limit ($25,000)
  • Requires a device with a camera for identity verification
Spring
Spring Financial Personal Loan
Est. APR
9.99%
Loan Amount
$500 - $35k
Loan Terms
6 - 84 Mo
Recommended Score
All Credit Types
Online Application Soft Credit Check for Pre-approval Bad Credit Considered Funds Deposited within 24h
Min Income: No strict min.
Origination Fee: 0%
Funding: Within 24h
Go to Site
Secure & No Credit Impact
Rates, Fees & Terms
Rate Type Fixed
Typical APR 9.99%
Loan Amounts $500 - $35,000
Available Terms 6 to 84 months
Origination Fee 0%
Admin/Flat Fee $0
Avg. Funding Time Within 24 Hours
Eligibility Requirements
Minimum Income No strict minimum
Credit Score Required No Minimum
Minimum Age Age of majority
Residency Status Canadian Resident
Included Features
Online Application Soft Credit Check for Pre-approval Bad Credit Considered 24/7 Support Funds Deposited within 24h
Highlights & Pros
  • Extremely fast funding via e-Transfer (same day)
  • No branch visits or appointments required; 100% online
  • Accessible to all credit scores with no impact to check your rate
Things to Consider
  • Maximum APR can reach up to 35.00% depending on creditworthiness
  • Higher rates than traditional big bank loans for some borrowers

Representative Example: $5,000 loan with a 48 month term at 9.99% APR is a Weekly payment of $29.17, total cost of interest $1,066.48.

Mogo
Mogo Personal Loan
Est. APR
Varies
Loan Amount
$500 - $35k
Loan Terms
Varies
Recommended Score
All Credit Types
Online Application No Early Repayment Penalty Soft Credit Check for Pre-approval Funds Deposited within 24h
Min Income: No strict min.
Origination Fee: 0%
Funding: Within 24h
Go to Site
Secure & No Credit Impact
100 Day Money Back Guarantee
Rates, Fees & Terms
Rate Type Variable
Typical APR Varies
Loan Amounts $500 - $35,000
Available Terms N/A to N/A months
Origination Fee 0%
Admin/Flat Fee $0
Avg. Funding Time Within 24 Hours
Eligibility Requirements
Minimum Income No strict minimum
Credit Score Required No Minimum
Minimum Age Age of majority
Residency Status Canadian Resident
Included Features
Fast Approval Online Application No Early Repayment Penalty Loan Top-Up Option Soft Credit Check for Pre-approval Funds Deposited within 24h
Highlights & Pros
  • 100-day money-back guarantee on interest and fees if principal is repaid
  • Pre-approval process does not impact your credit score
  • No penalties for paying off the balance in full at any time
Things to Consider
  • Base interest rates are not disclosed on the main landing page
  • Availability may be restricted to specific licensed provinces (AB, BC, MB)
Mogo
Mogo Line of Credit
Est. APR
Varies
Loan Amount
$500 - $35k
Loan Terms
Varies
Recommended Score
All Credit Types
Fast Approval Online Application No Early Repayment Penalty Soft Credit Check for Pre-approval Funds Deposited within 24h
Min Income: No strict min.
Origination Fee: 0%
Funding: Within 24h
Go to Site
Secure & No Credit Impact
100 Day Money Back Guarantee
Rates, Fees & Terms
Rate Type Variable
Typical APR Varies
Loan Amounts $500 - $35,000
Available Terms N/A to N/A months
Origination Fee 0%
Admin/Flat Fee $0
Avg. Funding Time Within 24 Hours
Eligibility Requirements
Minimum Income No strict minimum
Credit Score Required No Minimum
Minimum Age Age of majority
Residency Status Canadian Resident
Included Features
Fast Approval Online Application No Early Repayment Penalty Soft Credit Check for Pre-approval Funds Deposited within 24h
Highlights & Pros
  • 100-day money-back guarantee on interest and fees if principal is repaid
  • Pre-approval process does not impact your credit score
  • No penalties for paying off the balance in full at any time
Things to Consider
  • Base interest rates are not disclosed on the main landing page
  • Availability may be restricted to specific licensed provinces (AB, BC, MB)

Ready to find your match?

Compare real rates from Canada's top lenders in less than 2 minutes.

Start My Match
< 2 Mins Secure
Editorial Best Picks

Best personal loans in Canada: what this page is meant to help you find

The best personal loan is not simply the one with the lowest advertised rate. For many borrowers, the better option is the one that balances rate, term, fees, approval fit, payment comfort, and flexibility if life changes later.

This page is designed as a trusted shortlist. It helps users narrow down strong personal loan options for common goals like consolidating higher-interest debt, covering a planned expense, or handling a major purchase with a fixed repayment structure.

What a strong top pick should offer

  • Transparent pricing and clear borrower terms
  • A payment that stays manageable month after month
  • A sensible term that does not inflate total cost too much
  • Good fit for real borrower needs, not just marketing headlines
How RateBuddy Evaluates Picks

Our ranking methodology, in plain English

This page should feel credible and easy to trust, so the framework focuses on real borrower value instead of flashy claims alone.

Rate competitiveness Total borrowing cost Term quality Transparency Borrower friendliness Use-case flexibility

Pricing and full value

We look past the teaser number and focus on how the overall borrowing package may feel across the entire repayment period.

Fit for real life

Strong picks should work for common borrowing needs like debt consolidation, planned expenses, and structured repayment.

Clarity and confidence

We put more weight on offers that are easier to understand, compare, and manage without unpleasant surprises.

Best For Who?

Which type of personal loan shopper are you?

Different personal loan shoppers want different things. The page becomes more useful when users can quickly see which priorities matter most for their situation.

Debt consolidation borrowers

Usually want a structured payment and a rate that improves on the debts they are replacing, not just a larger new balance.

Planned-expense borrowers

Often use personal loans for renovations, furniture, moving costs, or major life events where predictable payments matter.

Budget-focused shoppers

Need a payment that fits comfortably, but should still avoid stretching the term so far that the total cost becomes much heavier.

Rate-first comparers

Should compare APR, fees, and total repayment together instead of focusing only on the headline rate.

Fast-decision shoppers

Often care about speed, but still need clarity on fees, optional add-ons, and whether the loan is genuinely suitable.

Borrowers weighing secured options

May be considering whether a secured path offers better pricing or approval strength than an unsecured personal loan.

Loan vs Line of Credit

Personal loan or personal line of credit: which may fit better?

These products solve different problems. A personal loan usually gives you a fixed lump sum with regular instalments, while a line of credit gives ongoing access up to a limit and typically uses a variable rate.

When a personal loan often makes sense

  • You know exactly how much you need to borrow
  • You want fixed, structured payments
  • You want a clear payoff path over a set term
  • You are funding a defined expense or consolidating a known balance

When a line of credit may be worth comparing

  • You need flexibility rather than one fixed lump sum
  • You may borrow, repay, and borrow again over time
  • You want to pay interest only on the amount actually used
  • You are comfortable with variable-rate behaviour and disciplined repayment
Helpful framing: a personal loan is often stronger for predictable one-time borrowing, while a line of credit can be stronger for flexible, ongoing access if managed carefully.
Total Cost Matters

Why the “best” personal loan is not always the one with the smallest payment

A lower monthly payment can look easier, but it may simply come from a longer term. That can push up the full cost of the loan and keep you in repayment longer than necessary.

Shorter-term mindset

Shorter terms often mean higher monthly payments but lower total interest and a faster exit from debt.

Longer-term trade-off

Longer terms may feel lighter each month, but they can make the loan more expensive overall.

Fees and extras

Borrowers should look for admin fees, optional insurance, and any early-payment or renegotiation costs before choosing a lender.

Best-practice comparison: review APR, payment, term, total repayment, and whether early or extra payments are allowed without a penalty.
Smart Shopping Checklist

What to check before choosing a top personal loan

Even on a best-of page, the final decision should still match the borrower’s budget, purpose, and comfort level.

Compare these first

  • APR and all lender fees
  • Total repayment cost over the full term
  • Whether the rate is fixed or variable
  • Whether prepayment or extra-payment rules are flexible
  • How well the loan fits the actual reason you are borrowing

Watch-outs

  • Borrowing more than you truly need
  • Choosing only on monthly payment
  • Ignoring optional products that increase total cost
  • Not reading the full disclosure carefully
  • Using a high-cost loan when a lower-cost option may work better
Smarter habit: if the loan feels hard to explain in one sentence, slow down and compare again before committing.
Popular Questions

Best personal loan FAQs

Helpful answers for people comparing top personal loan options in Canada.

Usually a mix of competitive pricing, clear disclosure, sensible term structure, manageable payments, and a strong fit for the borrower’s actual need.

Not always. A lower payment may come from a longer term, which can increase the total cost of borrowing.

Yes. A personal loan may be better for a fixed borrowing amount and fixed payments, while a line of credit may be better for flexible access if you can manage it responsibly.

Review the loan amount, interest rate, whether the rate is fixed or variable, the term, payment amount, fees, and any optional services you accepted.

Sometimes. Some lenders allow extra or early payments without penalty, while others may charge a fee. It is worth checking before you choose the lender.

No. Payday loans are a short-term high-cost product. A standard personal loan is a different product and should be compared on its own terms, rates, and repayment structure.

Find your perfect Personal Loan

Compare top Canadian lenders securely. No impact to your credit score.

$
Please enter a valid amount.
Please select your province.
Please select an estimated score.
Please select an income range.
Please enter a valid first name.
Please enter a valid last name.
Please enter a valid email address.
Please enter a 10-digit phone number.

Check your email for the 6-digit code

Incorrect code. Please try again.