Symple Loans logoSymple Loans Review 2026

★★★★★ 5.0 · 1 borrower review
A previous bankruptcy disqualifies an applicant at Symple Loans, not only an active one, so a closed file still counts. Loans run $5,000 to $50,000 over one to seven years from 6.99%, for employed applicants earning above $25,000 a year.

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Rates checked August 24, 2026
In business
Since 2021
Provinces
9 of 13

Our verdict

Written and analysed by Smarter Loans Editorial Team · Reviewed by Rafael Rositsan

Best for
Employed borrowers earning over $25,000 a year with no bankruptcy on record
Not for
Anyone with a previous bankruptcy, or resident in New Brunswick, Nova Scotia, Quebec or Saskatchewan
What we like
  • + Terms run to seven years
  • + Rate starts at 6.99%
  • + Funding within 24 hours
  • + Repayment can be weekly, bi-weekly or monthly
Where it could improve
  • − A previous bankruptcy disqualifies, not only an active one
  • − Four provinces are excluded
  • − The 6.99% floor is quoted for good credit only
  • − Minimum advance is $5,000

Products offered

Each product is priced separately. Compare them below.

Personal Loan
Unsecured · AB, BC, MB + 6 more
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Amount
$5,000 - $50,000
Rate
From 6.99% APR
Terms
12 - 84 months
Funding
24 hours
Min income
$2,083/mo

See if you qualify

Four questions checked against Symple Loans's published criteria, per product. No application started.

Answer the questions to check Symple Loans's published criteria
Educational check against published criteria. Not an approval or offer.

Contact Symple Loans

Get in touch

Support and hours

  • Monday to Friday9:00 am - 5:00 pm
  • ChannelsOnline Chat, Call Centre, Social Media, FAQs, Online Inquiry Form

Borrower reviews

1 review from borrowers who used Symple Loans. Reviews are moderated; lenders cannot remove them.

★★★★★ Same day approval

I applied online, and got approved and funded the same day. Easy process.

Brandon

Common questions about Symple Loans

What is Symple Loans?

Founded in January 2021, Symple Loans is a personal loans company that is in the business of helping hard-working Canadians who would benefit the most from access to better, faster and more affordable loan options.

What is Symple Loans goal?

Symple Loans goal is to dramatically improve the personal lending experience for Canadian borrowers. By offering lower rates and fixing the things that have frustrated customers for decades, they've set a new standard for how personal lending should work.

What does Symple Loans offer?

Symple Loans offers personal loans that can be used for consolidating your debt, decreasing high interest credit card payments, for home renovations, purchasing a new vehicle, investing in your portfolio, travel or school fees and tuition.

What is the interest rate on a loan from Symple Loans?

The interest rate on a loan from Symple Loans starts at 6.99%.

How much can I borrow from Symple Loans?

You can borrow anywhere from $5,000 to $50,000 from Symple Loans.

How long do I have to pay back a loan from Symple Loans?

Symple Loans offers 1 to 7 year-long loan terms.

Symple Loans · $5,000 - $50,000 · funding in 24 hours Apply Now