Updated September 30, 2026 · BorrowCue Editorial Team

Top home equity loans and HELOCs compared in Canada

20 lenders available in Canada, ranked for Canada.

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Top home equity loans and HELOCs compared in Canada
#	Lender	Score	Key facts	Actions
1	Alterna BankTop pick Mortgage incentives up to $1,000 for eligible borrowers: up to $1,000 CAD toward switching or legal fees	9.4/10	Initial rate: 3.7% APRC: 3.74% Fixed period: 5 years	Review Compare See alternatives
2	National Bank of Canada Up to $3,500 cashback - Buying a property: Up to $3,500 cashback ($500 to $3,500 depending on loan amount)	9.3/10	Initial rate: 4.69% Fixed period: 5 years Maximum loan to value: 95%	Review Compare See alternatives
3	Upstart Mortgage Home Equity Line of Credit	9.3/10	Initial rate: 6.52% to 18% APRC: 6.52% to 18% Product fee: $0	Review Compare See alternatives
4	Meridian Credit Union Cashback Mortgage Plus: up to $3,000 cash back	9.0/10	Initial rate: 4.34% APRC: 4.37% Fixed period: 3 years	Review Compare See alternatives
5	Spring Financial Evergreen Loan: $1,500 guaranteed loan after completing The Foundation: CAD 1,500 loan	9.0/10	Maximum loan to value: 80% Product fee: CA$0 Purpose: Home-equity, Remortgage, Purchase	Review Compare See alternatives
6	EZLendr	8.9/10	Initial rate: 7.03% Fixed period: 30 years Purpose: Purchase, Remortgage, Home-equity	Review Compare See alternatives
7	Loans Canada Get $100 Cash Back with an easyfinancial Home Equity Loan*: CAD 100 cash back	8.7/10	Fixed period: 0.5 to 10 years Maximum loan to value: 95% Product fee: CA$0	Review Compare See alternatives
8	neo	8.7/10	Initial rate: 4.14% Fixed period: 0.5 years Maximum loan to value: 95%	Review Compare See alternatives
9	LowestRates.ca	8.6/10	Initial rate: 3.89% Fixed period: 5 years Maximum loan to value: 80%	Review Compare See alternatives
10	Global Mortgage Group	8.4/10	Initial rate: 4.88% Fixed period: 1 to 2 years Maximum loan to value: 70% to 80%	Review Compare See alternatives

Licensed in Canada

Alterna Bank: Canada Deposit Insurance Corporation (CDIC)
Meridian Credit Union: Financial Services Regulatory Authority of Ontario (FSRA)
Spring Financial: Alberta Financial Services Authority
Spring Financial: Saskatchewan Financial and Consumer Services Commission
neo: Financial Transactions and Reports Analysis Centre of Canada (FINTRAC)

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Other countries

Alterna Bank

Top pick for Canada

9.4/10See alternatives