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A loan can help you consolidate debt or finance a large purchase. Understanding how different loans work will help you choose the best product for your needs.
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Personal Loan Rates in Canada: How to Calculate

Personal Loan Rates in Canada: How to Calculate

Personal loan interest rates in Canada can either be fixed or variable. Your rate depends on factors like your income, credit score, term, type of loan and more.

Personal Loan vs. Line of Credit: How to Choose

Personal Loan vs. Line of Credit: How to Choose

The difference between a line of credit and a loan is that a loan is borrowed as a lump sum, while a line of credit can be used and repaid on an ongoing basis.

What is an Unsecured Personal Loan?

What is an Unsecured Personal Loan?

An unsecured personal loan doesn’t require collateral and typically has a faster approval process. However, it may come with higher interest rates.

What Is a Personal Loan?

What Is a Personal Loan?

A personal loan allows you to borrow money from a bank, credit union or alternative lender. The loan accrues interest and has a set repayment schedule.

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