General

Compare Canada’s Best Loan Providers

In Canada there are many lending institutions that can help with personal and business financing. However it is not so easy to get a loan when you need one most. Often, strict approval requirements, lengthy applications and wait times all add up to a great deal of frustration. Thankfully, Canada is home to personal loan and business loan providers that can help you even when a local bank keeps saying “No”. But among these lenders, interest may be high, service may be poor and some are, quite frankly, trying to scam people.

That’s why we created Smarter Loans – a directly for only the most trustworthy, highest rated personal and business loan providers in Canada. They offer different products at different interest rates and different terms. Some are only available in certain provinces and not others. But they do all share one thing in common – they have been reviewed and qualified by a team of Smarter Loans experts as well as general public, which means they are safe to deal with. You can get an personal loan online or a business loan online in a matter of days.

The last thing remaining is choosing the right lender for you. You can do this using the Loan Finder, or go though the top rated lenders in our list. You can also apply online right here and let us do the work for you. Finally, if you want to compare two specific lenders, just select them below to get a full breakdown.

BC Loans (1)
BDC (1)
Borrowell (2)
Centum (1)
CTL
Evolocity (2)
Grow (1)
Lendified (1)
MDG
Mogo (1)
MoneyMart (2)
On-Deck (2)
Progressa (1)




Listing NameListing TypeInterest rateAmountTermWho is eligibleWhat you need to provideHow fast can you get the moneyFunding methodHow does repayment workloan type name
Personal Loan 1 5.6% - 25.5% $1,000 - $35,000 36 - 60 months Canadian citizen or resident Age of majority in the province of residence Valid account with a Canadian bank or financial institution Valid email address Credit score above 660 No bankruptcies or current delinquencies on file $20,000 minimum income annually before taxes Proof of income: 2 paystubs or NOA from last 2 tax returns Verify Identity: digital check through Equifax Verify Bank Account: connect bank via VersaPay to complete verification Respond to Offer within 7 days or must reapply 1 day or more Direct bank deposit Monthly, automated payments
Business Loan 2 5.6% - 25.5% $1,000 - $35,000 36 - 60 months Canadian citizen or resident Age of majority in the province of residence Valid account with a Canadian bank or financial institution Valid email address Credit score above 660 No bankruptcies or current delinquencies on file $20,000 minimum income annually before taxes Proof of income: 2 paystubs or NOA from last 2 tax returns Verify Identity: digital check through Equifax Verify Bank Account: connect bank via VersaPay to complete verification 1 day or more Direct bank deposit Monthly, automated payments


Listing NameListing TypeInterest rateAmountTermWho is eligibleWhat you need to provideHow fast can you get the moneyFunding methodHow does repayment workloan type name
Personal Loan 1 5.6% - 25.5% $1,000 - $35,000 36 - 60 months Canadian citizen or resident Age of majority in the province of residence Valid account with a Canadian bank or financial institution Valid email address Credit score above 660 No bankruptcies or current delinquencies on file $20,000 minimum income annually before taxes Proof of income: 2 paystubs or NOA from last 2 tax returns Verify Identity: digital check through Equifax Verify Bank Account: connect bank via VersaPay to complete verification Respond to Offer within 7 days or must reapply 1 day or more Direct bank deposit Monthly, automated payments
Business Loan 2 5.6% - 25.5% $1,000 - $35,000 36 - 60 months Canadian citizen or resident Age of majority in the province of residence Valid account with a Canadian bank or financial institution Valid email address Credit score above 660 No bankruptcies or current delinquencies on file $20,000 minimum income annually before taxes Proof of income: 2 paystubs or NOA from last 2 tax returns Verify Identity: digital check through Equifax Verify Bank Account: connect bank via VersaPay to complete verification 1 day or more Direct bank deposit Monthly, automated payments