Best Online Loans in Canada 2020

With Lendingmate, you can borrow up to $10,000 within 24 hours, making them one of the fastest and most flexible online lenders in Canada. They also take a unique approach, calling themselves an “old fashioned guarantor loan company” that aims to build trust with their customers.

Rather than using a computer to determine whether you are eligible for a loan, Lendingmate reviews the information in detail and matches people up with a custom plan.

Loanconnect.ca is considered Canada’s #1 search engine for personal loans. Instead of being a direct lender, LoanConnect helps Canadians find and compare multiple online loan options.

You can get pre-approved for loans ranging between $500 to $50,000 and even sign up for loans within a day. Use their safe and secure system to find the best personal loan or installment loan for your needs.

Motus Bank is a Canada-based bank that provides personal loans, personal lines of credit, and secured lines of credit in addition to their standard banking services. You can apply to see a range of borrowing options, as well as an estimation of your loan or LOC payments.

The Borrowing section on their website includes loads of helpful information about borrowing, how to choose the best loan, and how to pay back your loan on time. Borrow up to $35,000 for rates as low as 5.15%.

ATB Financial in Canada provides customized personal loans with both variable and fixed interest rates. Since ATB Financial is a direct lender, you’re able to negotiate on a repayment plan that fits your budget.

All loans are based on approved credit, making them perhaps not as flexible as other online loan brokers, but you’re met with a more personal customer service experience. If you want a 100% custom plan, ATB Financial is a great online loan option.

Besides being one of Canada’s most popular banks, HSBC is trusted as a reliable personal loan provider as well. You can apply for a personal loan through their website, over the phone, or at one of their local branches.

HSBC is dedicated to providing Canadians like you with affordable loan options to help you achieve your dreams – whether that be buying a new car, starting a business, or renovating your home.

TD Canada Trust provides a nifty Personal Loan Calculator to see your possible monthly payment, helping you decide how much money you can comfortably borrow through a personal loan. They also offer Personal lines of credit and Student lines of credit.

You can access the amount of credit you need to cover unexpected expenses, home renovations, education, and more. Borrow up to $50,000 and create a custom repayment plan to suit your budget.