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Personal Loans

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.
Personal Loans

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Personal loan basics

How to Get a Personal Loan: Cost, Eligibility and Credit Score
To get a personal loan in Canada, you'll have to meet common requirements around age, residency, income, and credit score. Read more.
Personal Loan Rates in Canada
Personal loan interest rates can be either fixed or variable. Your rate depends on factors like your income, credit score, term, type of loan and more. Read more.
Getting a Personal Loan Online: What to Know
An online personal loan can be faster and more convenient than applying in person, but not all financial institutions offer online service. Read more.
Personal Loan Calculator
Use this personal loan calculator to compare the monthly and total cost of two personal loans, side by side. Just enter the loan amount, term and interest rate. Read more.

8 Do's and Don'ts of Personal Loan Repayment

Learn how to manage your personal loan debt responsibly.

Your personal loan questions, answered

Are No-Credit-Check Personal Loans Legit?No-credit-check personal loans do exist in Canada. While they may be easier to get, there are extra costs and risks to be aware of.

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What’s the Best Place to Apply for a Personal Loan?Personal loans are available from banks, credit unions, and alternative lenders. The best place to apply for a personal loan depends on your budget and credit score.

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Can I Get a Personal Loan with Bad Credit?Personal loans for bad credit are typically offered by alternative lenders, and have higher interest rates and additional fees.

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Loan types

A smiling woman embracing her partner after a successful car purchase at a dealership center.
How Car Loans Work in Canada
Sandra MacGregorSandra MacGregor
What Is a Car Title Loan?
What Is a Car Title Loan?
Helen Burnett-NicholsHelen Burnett-Nichols
What Is a Personal Loan?
What Is a Personal Loan?
Sandra MacGregorSandra MacGregor
What Is a Payday Loan?
What Is a Payday Loan?
Helen Burnett-NicholsHelen Burnett-Nichols
Line of Credit: What It Is and How to Use It
Line of Credit: What It Is and How to Use It
Kurt WoockKurt Woock
How to Get a Cash Advance with a Credit Card
How to Get a Cash Advance with a Credit Card
Barry ChoiBarry Choi

Choosing the right loan

More about loans

Should You Use a Personal Loan for Home Improvements?
Should You Use a Personal Loan for Home Improvements?
Beth BuczynskiBeth Buczynski
How to Apply for Student Loans in Canada
How to Apply for Student Loans in Canadaby Helen Burnett-Nichols, Janine DeVault
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How to Transfer a Car Loan in Canada
Clay JarvisClay Jarvis
What Is a Pawn Loan?
What Is a Pawn Loan?
Helen Burnett-NicholsHelen Burnett-Nichols
What Is a Merchant Cash Advance?
What Is a Merchant Cash Advance?
Helen Burnett-NicholsHelen Burnett-Nichols