Top Personal Loans Companies in Canada in 2022

Top Personal Loans Companies in Canada in 2022 Do you need a fast loan? You are one step away from opening the business of your dreams or even covering your bills with the loans offered by Canadian providers.

Personal Loans Companies in Canada
Personal Loans Companies in Canada
Here following are top most personal loans companies in Canada which can give best of loan in low interest.
Skycap Financial

Eastern Loans

4. LoanConnect

LoanConnect is an online search engine that offers personal loan rates comparable to Canada. It has one of the best personal loan rates in Canada and is also a BBB accredited business with an A rating.

Types of loans and services

LoanConnect offers different types of loans with different interest rates. It offers unsecured loans that cover basically every type of loan, including debt consolidation loans, college loans, business loans, emergency loans, vehicle loans and home renovation loans. The minimum and maximum loan amounts available on the platform are $500 and $50,000, with loan tenures ranging from 6 to 60 months. Interest rates vary from 10% and 46.96%. The fee depends on the lender you choose.

LoanConnect offers an easy and quick way to find the best personal loan in Canada, and the platform is free to use. But you can use it only for that as the company is not a direct lender and acts as an intermediary between the lenders and the customers.

eligibility criteria

To apply for a loan with LoanConnect, you only need to meet two requirements. You must be at least 18 years of age and a resident or citizen of Canada.


When it comes to comparing the best personal loan interest rates and choosing the right loan for you, LoanConnect is your website. If you are struggling financially and have a poor credit score, this innovative service available across Canada can help.

5. Mogo

Mogo is a Toronto-based financial lending institution with over 900,000 customers. It tops the list of best personal loans in Canada.

Types of loans and services

Mogo offers Canadians a variety of financial options, such as personal loans from $100 to $35,000, mortgages, free credit score monitoring, identity fraud protection, credit cards and cryptocurrencies. The APR of Mogo’s loans ranges from 5.9% to 46.96%. The good thing about Mogo is that it will give you loans even if you have a bad credit score. However, you have to be careful in this case as the interest rate can be quite high.

Some of the benefits that Mogo offers to customers are operating in almost every province and territory and providing a variety of financial options. There’s also 24/7 service, good loan payments that show up on your credit report, free credit score monitoring, and a free Mogo Visa Platinum prepaid credit card.

eligibility criteria

The provinces and territories in which you must be a permanent resident to receive a Mogo loan are Ontario, British Columbia, Alberta, Manitoba, Prince Edward Island, Nova Scotia, Saskatchewan, Newfoundland and Labrador, New Brunswick, the Northwest Territories and Nunavut . To be eligible to apply for the loan, candidates must be over the age of majority (18 or 19, depending on the province or territory). Mogo has no restrictions on how the loan can be used.


Many users define Mogo as the best loan company in Canada because the list of perks is quite extensive. In fact, quick and easy registration forms and the fact that users can avail loans even with bad credit history make Mogo ideal. Mogo’s 100-day trial is an added benefit that many users find attractive.

6. LendingMate

LendingMate is a non-bank lender that offers loans to borrowers with any credit score and who cannot get loans from traditional banks or other institutions. Its services are currently available in two Canadian provinces – Ontario and British Columbia.

Types of loans and services

LendingMate offers guarantor-based loans. Therefore, you will need a guarantor who can vouch for you and pay back the loan if you cannot. Loans can be used to cover various expenses such as debt consolidation, home improvements, vacations, vehicle purchases, student loans, and more. LandingMate has a minimum loan amount of $2000, while the maximum is $10,000. The loan terms are between 12 to 60 months with an interest rate of 43%.

Even though LendingMate has one of the highest interest rates among its competitors, it is very transparent about it. There is a loan calculator on the website that will tell you how much you will be charged.

eligibility criteria

If you want to apply for a loan with LendingMate, you will need a co-signer who has a good credit score and credit history. Also, you must be over 18 years of age or of the age of majority in your province and a resident of Canada. There are no restrictions on how you can access the loan.


For LendingMate personal loans in Canada, no credit check is required, which is great if you have bad credit or no credit history. This places LendingMate high on the list of best personal loans in Canada and is an excellent lender for people who are struggling financially. It is one of the few companies that has an easy application process and no hidden fees on their loans.

7. SkyCap Financial

Skycap Financial is one of the fastest growing personal loan lenders in the country.

Leave a Comment

happy janmashtami 2023 nab online personal loan application 2022