Best Personal Loan Lenders in Canada 2026
Compare Canada's top 11 personal loan providers side by side. We review each lender's rates, loan amounts, eligibility, funding speed, and overall experience to help you find the right fit for your financial situation.
Best Lenders by Category
Our top pick in each category, based on rates, features, and eligibility.
| Category | Top Pick | Rates | Amounts | Rating | |
|---|---|---|---|---|---|
| Lowest Rates | Borrowell | 5.60% – 29.19% APR | $1,000 – $35,000 | 4.3 | Review |
| Bad Credit Loans | easyfinancial | 9.99% – 34.95% APR | $500 – $150,000 | 3.8 | Review |
| Credit Building | Spring Financial | 9.99% – 34.95% APR | $500 – $35,000 | 4.2 | Review |
| Largest Loan Amounts | Fairstone Financial | 19.99% – 34.99% APR | $500 – $60,000 | 4.0 | Review |
| Best Marketplace | LoanConnect | 6.99% – 29.99% APR (varies by partner lender) | $500 – $50,000 | 4.1 | Review |
| Fast Emergency Cash | GoDay | $15 per $100 borrowed (where applicable) | $100 – $1,500 | 3.5 | Review |
| Line of Credit | Mogo | Up to 34.37% APR | Up to $5,000 (MogoMini line of credit) | 3.7 | Review |
| In-Person Service | Cash Money | Up to 34.99% APR | $500 – $10,000 | 3.6 | Review |
Borrowell
$1,000 – $35,000 • 5.60% – 29.19% APR
easyfinancial
$500 – $150,000 • 9.99% – 34.95% APR
Spring Financial
$500 – $35,000 • 9.99% – 34.95% APR
Fairstone Financial
$500 – $60,000 • 19.99% – 34.99% APR
LoanConnect
$500 – $50,000 • 6.99% – 29.99% APR (varies by partner lender)
GoDay
$100 – $1,500 • $15 per $100 borrowed (where applicable)
Mogo
Up to $5,000 (MogoMini line of credit) • Up to 34.37% APR
Cash Money
$500 – $10,000 • Up to 34.99% APR
All 11 Lenders Compared
| Lender | Loan Amount | Rates | Terms | Rating | Best For | |
|---|---|---|---|---|---|---|
Borrowell Est. 2014 | $1,000 – $35,000 | 5.60% – 29.19% APR | 12 – 60 months | 4.3 | Borrowers with fair-to-good credit who want low rates and free credit monitoring | Review |
Spring Financial Est. 2014 | $500 – $35,000 | 9.99% – 34.95% APR | 6 – 84 months | 4.2 | Borrowers looking to build or rebuild credit | Review |
LoanConnect Est. 2014 | $500 – $50,000 | 6.99% – 29.99% APR (varies by partner lender) | 6 – 60 months | 4.1 | Borrowers who want to compare multiple offers at once | Review |
Fairstone Financial Est. 1923 | $500 – $60,000 | 19.99% – 34.99% APR | 6 – 120 months | 4.0 | Homeowners who want larger secured loans with longer terms | Review |
easyfinancial Est. 2006 | $500 – $150,000 | 9.99% – 34.95% APR | 9 – 240 months | 3.8 | Borrowers with poor credit who need larger loan amounts | Review |
Mogo Est. 2003 | Up to $5,000 (MogoMini line of credit) | Up to 34.37% APR | Revolving (line of credit) | 3.7 | Tech-savvy borrowers who want a flexible line of credit with free credit monitoring | Review |
Marble Financial Est. 2016 | Credit rebuilding programs | Varies by program | 12 – 36 months | 3.6 | Canadians with damaged credit who want a structured path to rebuild their score | Review |
Cash Money Est. 1992 | $500 – $10,000 | Up to 34.99% APR | Up to 60 months | 3.6 | Borrowers who prefer in-person service or need same-day access to cash | Review |
GoDay Est. 2012 | $100 – $1,500 | $15 per $100 borrowed (where applicable) | Up to next payday | 3.5 | Canadians who need a quick payday loan with a simple online process | Review |
iCash Est. 2006 | Up to $1,500 | $14 per $100 borrowed (where applicable) | Up to 62 days | 3.5 | Emergency borrowers who need small amounts fast with any credit score | Review |
LendDirect Est. 2013 | $200 – $1,500 | $15 per $100 borrowed (where applicable) | Up to next payday or installments up to 62 days | 3.4 | Emergency borrowers who need fast access to small amounts before payday | Review |
Borrowell
Est. 2014 • Toronto, Ontario
Borrowers with fair-to-good credit who want low rates and free credit monitoring →
Spring Financial
Est. 2014 • Toronto, Ontario
Borrowers looking to build or rebuild credit →
LoanConnect
Est. 2014 • Toronto, Ontario
Borrowers who want to compare multiple offers at once →
Fairstone Financial
Est. 1923 • Montreal, Quebec
Homeowners who want larger secured loans with longer terms →
easyfinancial
Est. 2006 • Mississauga, Ontario
Borrowers with poor credit who need larger loan amounts →
Mogo
Est. 2003 • Vancouver, British Columbia
Tech-savvy borrowers who want a flexible line of credit with free credit monitoring →
Marble Financial
Est. 2016 • Vancouver, British Columbia
Canadians with damaged credit who want a structured path to rebuild their score →
Cash Money
Est. 1992 • Toronto, Ontario
Borrowers who prefer in-person service or need same-day access to cash →
GoDay
Est. 2012 • Toronto, Ontario
Canadians who need a quick payday loan with a simple online process →
iCash
Est. 2006 • Montreal, Quebec
Emergency borrowers who need small amounts fast with any credit score →
LendDirect
Est. 2013 • Victoria, British Columbia
Emergency borrowers who need fast access to small amounts before payday →
Compare Lenders Head-to-Head
See how popular lenders stack up against each other.
How We Review Lenders
Our lender reviews are based on publicly available information from each lender's official website, regulatory filings, and consumer feedback. We evaluate lenders on the following criteria:
Interest Rates & Fees
We compare APR ranges and check for hidden fees or origination charges.
Loan Amounts & Terms
We assess the range of borrowing options and repayment flexibility.
Eligibility & Accessibility
We evaluate minimum credit requirements and how inclusive the lender is.
Speed & Experience
We consider funding speed, application process, and customer service options.
Estimate Your Monthly Payments
Use our free loan calculator to see what your monthly payments would look like based on different rates and terms.
Try the Loan CalculatorFrequently Asked Questions About Canadian Lenders
What is the best personal loan company in Canada?
The best personal loan company depends on your needs. Borrowell offers the lowest rates for good credit, Spring Financial is best for credit building, Fairstone for homeowners seeking larger loans, easyfinancial for borrowers with poor credit, and Mogo for those wanting a flexible line of credit.
Can I get a personal loan with bad credit in Canada?
Yes. Several Canadian lenders accept borrowers with bad credit, including Spring Financial, easyfinancial, iCash, GoDay, and Cash Money. Interest rates will generally be higher, and loan amounts may be limited compared to what borrowers with good credit can access.
What is the maximum interest rate for personal loans in Canada?
As of January 2025, the criminal rate of interest in Canada is 35% APR. All regulated lenders must charge at or below this rate. Short-term payday loans have separate provincial regulations.
How do I compare personal loan lenders in Canada?
Compare lenders by looking at APR ranges, loan amounts, repayment terms, funding speed, eligibility requirements, and customer reviews. You can also use a loan marketplace like LoanConnect or 365 Loans to compare multiple offers with a single application.
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Compare Loan OffersEditorial 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