Updated October 9, 2026 · BorrowCue Editorial Team

Top personal loans compared in Canada

630 lenders available in Canada, ranked for Canada.

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Top personal loans compared in Canada
#	Lender	Score	Features	Key facts	Actions
1	BorrowellTop pick Credit Builder cash back rewards on select Marketplace products	8.9/10		APR: 0% Loan amount: CA$500 to CA$50,000 Term: 48 months	Review Compare Visit
2	KOHO 30-day free trial on every KOHO plan: 30 days free	8.6/10	Same day funding	APR: 19.9% to 34.9% Loan amount: CA$1,000 to CA$15,000 Credit check: Soft prequal	Review Compare Visit
3	8lends 8lends is an online lending service at app.8lends.io offering personal loans.	Not rated			Review Compare Visit
4	Alterna Bank Mortgage incentives up to $1,000 for eligible borrowers: up to $1,000 CAD toward switching or legal fees	9.4/10	Fixed rate	Term: 12 to 60 months Rate type: Fixed Lender type: Direct lender	Review Compare See alternatives
5	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		Legal entity: National Bank of Canada Headquarters: Canada Founded: 1859	Review Compare See alternatives
6	OneMain Financial	9.3/10	Fixed rate Same day funding	APR: 11.99% to 35.99% Loan amount: $1,500 to $30,000 Term: 24 to 60 months	Review Compare See alternatives
7	Klarna 30% off Klarna Premium or Max for 3 months: 30% off for 3 months	9.2/10		APR: 0% to 35.99% Term: 3 to 24 months Credit check: Soft prequal	Review Compare See alternatives
8	Salt Lending	9.2/10	Fixed rate Same day funding	APR: 7.49% to 10.5% Loan amount: $5,000 Term: 12 to 60 months	Review Compare See alternatives
9	NLB Banka Kosova NLB Depozita me afat: Bonus up to 200 EUR	9.2/10	Fixed rate	APR: 7.47% to 8.01% Loan amount: up to €35,000 Term: 120 months	Review Compare See alternatives
10	Ferratum	9.1/10	Same day funding	APR: 30.31% to 57.26% Loan amount: SEK 10,000 to SEK 50,000 Arrangement fee: 565 SEK	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

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Other countries

Borrowell

Top pick for Canada

8.9/10Visit