LoanConnect Review 2026
Borrowers who want to compare multiple offers at once
Loan Amounts
$500 – $50,000
Interest Rates
6.99% – 29.99% APR (varies by partner lender)
Loan Terms
6 – 60 months
Credit Required
All credit types accepted
Funding Speed
As fast as same day
Headquarters
Toronto, Ontario
What is LoanConnect?
LoanConnect is a Canadian online loan marketplace that connects borrowers with multiple lenders through a single application. Instead of applying to lenders one by one, borrowers submit one form and receive personalized offers.
They partner with a network of regulated Canadian lenders, including banks, credit unions, and alternative lenders, to provide a wide range of loan options for different credit profiles.
LoanConnect uses a soft credit check for the initial search, so comparing rates does not impact your credit score until you formally accept an offer.
Pros & Cons
Pros
- Compare multiple lender offers with one application
- Soft credit check for initial comparison — no impact on score
- Wide range of loan amounts from $500 to $50,000
- Fully online process with no branch visits required
- Partners with both traditional and alternative lenders
Cons
- Rates vary significantly depending on which partner lender you're matched with
- Not a direct lender — acts as a marketplace/aggregator
- Loan terms and conditions vary by individual lender
- Some partner lenders may charge origination fees
Estimate Your LoanConnect Payments
See what your monthly payments could look like with LoanConnect's rate range of 6.99% – 29.99% APR (varies by partner lender).
Try the Loan CalculatorWho Can Apply for LoanConnect?
- Must be a Canadian resident aged 18+
- Must have a valid Canadian bank account
- Must have a verifiable source of income
- Must not be in active bankruptcy (discharged is acceptable)
How to Apply for a LoanConnect Loan
Visit loanconnect.ca and fill out a single online application
Review personalized loan offers from multiple lenders
Select the offer with the best rate and terms for you
Complete verification with the selected lender
Receive funds as fast as the same business day
LoanConnect FAQs
Compare LoanConnect With Others
Compare LoanConnect With Other Lenders
Apply once through 365 Loans and compare offers from multiple lenders — including LoanConnect.
Compare Loan OptionsEditorial Note: Our content is reviewed by financial experts for accuracy. We may receive compensation from partner lenders, which does not influence our rankings or recommendations. Read our full disclosures