Published home equity loan terms, side by side. Rates reviewed August 2026.
Best for: Homeowners 55 and older who want money from their equity without ever making a monthly payment
Apply Now Full profileBest for: Ontario homeowners who need a small equity takeout that larger lenders will not write
Apply Now Full profile| Bloom Finance Company | Lotly | |
|---|---|---|
| Amount range | $20,000 – $2,000,000 | $15,000 – $10,000,000 |
| Rate | 4 - 5% APR | 6 - 16% APR |
| Term | Not published | 12 – 60 months |
| Funding speed | 7 days | 7 days |
| Minimum income | $1,500/month minimum | $1,500/month minimum |
| Income types | 3 income types accepted | 3 income types accepted |
| Minimum credit band | any | poor |
| Provinces | 2 provinces | 1 provinces |
