Published home equity loan terms, side by side. Rates reviewed August 2026.
Best for: Ontario homeowners who need a small equity takeout that larger lenders will not write
Apply Now Full profileBest for: Homeowners in Alberta, British Columbia or Ontario borrowing against equity they already hold
Apply Now Full profile| Lotly | Spring Mortgages | |
|---|---|---|
| Amount range | $15,000 – $10,000,000 | $25,000 – $1,000,000 |
| Rate | 6 - 16% APR | From 5% APR |
| Term | 12 – 60 months | 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 | poor | poor |
| Provinces | 1 provinces | 3 provinces |
