Personal Loans
Explore Personal Loan Options
What is Personal Loans?
Personal Loans are a form of borrowing that may be available to eligible consumers depending on the provider and province. The exact product structure, costs, maximums, repayment schedule and eligibility requirements vary.
Before applying
- Check whether the product is available in your province.
- Review the total cost of borrowing.
- Understand when and how repayment is due.
- Confirm the provider's licensing or authorization where applicable.
- Consider lower-cost alternatives if available.
Key considerations
Eligibility: Varies by provider and product.
Credit: Credit history may or may not be considered depending on the product.
Funding: Timing varies and is not guaranteed.
Payment method: E-transfer availability depends on the actual provider and process.
Costs
Never assume a quoted amount is the total cost. Review all applicable fees, interest or cost-of-borrowing disclosures before accepting.
Repayment
Make sure the repayment schedule fits your budget. Missing payments can increase costs or create other financial consequences.
Province
Payday-loan rules differ by province. Use verified provincial information before offering or accepting a payday loan.