Avg. Rating: 5.0 (2 reviews)

goPeer is Canada’s first consumer P2P lending platform dedicated to helping everyday Canadians to lend and borrow from each other. Our innovative approach to lending focuses on financial wellness, empowering Canadians to help each other achieve their goals faster.

goPeer is able to offer competitive rates to borrowers while allowing everyday Canadian investors to access consumer credit as an asset class. It’s a win-win for everyone!

Their peer funded loans start at rates from as low as 8% APR and offer loan amounts between $1,000 and $25,000. Loan terms can be 3 years or 5 years with no penalties for early repayment.

  • TIME IN BUSINESS: Since 2019
  • # OF CUSTOMERS: 4,305 Investors
  • LOANS OFFERED: Personal and Installment Loans
Visit Site and Apply

1-844-960-3090 111 Peter St, Toronto, ON M5V 2H1
Call Center: Monday to Friday from 9:00AM to 5:00PM
Support Offered:
  • Phone Support
  • Email Support
  • Social Media
  • Help Centre
  • Online Chat
Availability: All Provinces

Products Offered

Below are all the products offered by this company.

Conditions & Rates

Interest rate 8% – 33.92%

Amount $1,000 – $25,000

Terms 36 months or 60 months

How it Works

goPeer connects Canadians looking for a loan with Canadians looking to invest.

As a goPeer borrower, you can get access to a personal loan quickly and easily.

As a goPeer investor, you invest in Canadian consumer loans, earn interest and monthly passive income – just like a bank!

  1. Diversify your portfolio
  2. Get monthly payments
  3. Help fellow Canadians

Eligibility Requirements

Who is eligible?

  • Canadian resident 18 year of age or older
  • Credit score over 600 / Equifax FICO 8 Score
  • Annual income more than $15,000 – must not be on Employment insurance or CERB or any other government related programs.
  • Debt-to-income ratio less than 35% – (Monthly debt payments / Monthly Gross Income)
  • No bankruptcy in the last 12 months
  • Canadian bank account or equivalent
  • Canadian resident for at least 3 years
  • Minimum of at least 3 trades on your credit file (credit cards, line of credit, auto loans, mortgage, etc.)

What you need to provide?

  • Online application. Application response will be provided within one business day.

Repayment & Issuance

How fast can you get the money

  • Within 24 hours

Funding method

  • Direct Deposit

How does repayment work

  • Flexible payment options


Frequently Asked Questions About goPeer

What is goPeer?

goPeer is Canada’s first consumer peer to peer lending platform dedicated to helping everyday Canadians to lend and borrow from each other. goPeer replaces banks and traditional financial institutions to provide better rates to borrowers while creating a new investment opportunity available to all Canadians.

What does goPeer offer?

goPeer offers affordable personal loans to help you achieve your financial goals. A peer-to-peer funded loan can be a great for a variety of needs such as debt consolidation, paying off high interest credit cards, home improvement, unexpected costs, vehicle expenses, medical expense, major purchases and more.

What does goPeer specialize in?

goPeer specializes in peer-to-peer lending. Borrowers may apply through goPeer and everyday Canadian investors may choose to invest and fund their loans.

What kind of loans does goPeer offer?

goPeer offers unsecured personal loans, installment Loans and debt consolidation.

What is the interest rate on a goPeer loan?

The APR range on a goPeer loan is between 8% - 33.92%.

How much can I borrow from goPeer?

You can borrow anywhere from $1,000 - $25,000 from goPeer.

What is the term length for a goPeer loan?

You have either 36 months or 60 months to pay back your loan from goPeer. You may pay off the loan earlier without any penalties.

How does goPeer collect repayments from borrowers?

Payment is arranged by direct debit, to be collected once a month. Flexible payment options are also available upon request. Your first repayment is usually scheduled to be debited one calendar month after you receive your loan. Borrowers are reminded in advanced of their upcoming repayments

Is goPeer Canadian?

goPeer is a 100% Canadian, Toronto-based organization that seeks to improve the financial opportunities to everyday Canadians. When you invest in a goPeer loan, you contribute to helping real people in Canada. Their innovative approach to lending focuses on financial wellness, empowering Canadians to help each other achieve their goals faster.

What is goPeer's commitment?

goPeer is committed to the financial health of their members and strives to improve the Canadian lending market by offering swift, affordable loans.

Is the information I share with goPeer secure?

At goPeer privacy and security is very important to them. They implemented a multi-layered approach to security, with strict constraints and controls in place for each layer to establish a fortified barrier. Among these layers they incorporated specialized security protocols including bank grade or better encryption of data at rest, in motion, and additional public-key (RSA-4096) encryption of sensitive information.

Can I borrow if I’m not Canadian?

You need to be a Canadian resident for at least 3 years and own a Canadian bank account to borrow through goPeer.

goPeer Reviews

Avg. Rating: 5.0 (2 reviews)
goPeer is a great platform

Great platform, very transparent...thank you goPeer!

David L
Awesome Experience

This is the best loan experience I have ever had. I’m so happy I found out about GoPeer....I love the idea of my loan being funded by other Canadian investors.


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