LoanConnect review

Updated September 28, 2026 · BorrowCue Editorial Team · Facts checked September 26, 2026

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Our verdict

LoanConnect is a Canadian loan broker built for borrowers with poor credit who need money in a hurry. Rates of 8.99% to 35% keep it in reach, and the origination fee of around CAD 100, varies by lender is a known cost rather than a surprise.

Key facts

Best for
Canadian borrowers with weaker credit who want a fixed-rate loan with same-day funding.
APR
8.99% to 35% (Source, checked September 26, 2026)
Loan amount
CA$500 to CA$60,000 (Source, checked September 26, 2026)
Term
3 to 120 months (Source, checked September 26, 2026)
Arrangement fee
around CAD 100, varies by lender (Source, checked September 26, 2026)
Credit check
Soft prequal (Source, checked September 26, 2026)
Funding time
Lender deposit in as little as 12 hours; funds possible the same day (Source, checked September 26, 2026)
Representative example
Total cost of borrowing a $2000 unsecured personal loan at 29.96% for 24 months is $2685.12, or $111.88 monthly (Source, checked September 26, 2026)
Rate type
Fixed (Source, checked September 26, 2026)
Lender type
Broker (Source, checked September 26, 2026)
Eligibility
Must be the age of majority in your province (18 or over) and a resident of Canada; debt payments must not total over 60% of income (Source, checked September 26, 2026)
Loan types
Personal, Debt-consolidation, Secured, Car, Business (Source, checked September 26, 2026)
Credit needed
Poor (Source, checked September 26, 2026)
Use cases
Home-improvement (Source, checked September 26, 2026)
Legal entity
Asset Direct of Canada Inc. (dba LoanConnect) (Source, checked September 26, 2026)
Headquarters
Canada (Source, checked September 26, 2026)
Support channels
Email, Help-centre (Source, checked September 26, 2026)
Pricing model
Fixed rate
Features
Same-day funding
Official website
loanconnect.ca

Mortgages

Initial rate
8.99% to 35% (Source, checked September 26, 2026)
Fixed period
0.25 to 10 years (Source, checked September 26, 2026)
Product fee
CA$0 (Source, checked September 26, 2026)
Purpose
Purchase, Remortgage (Source, checked September 26, 2026)
Lender type
Broker (Source, checked September 26, 2026)
Legal entity
Asset Direct of Canada Inc. (dba LoanConnect) (Source, checked September 26, 2026)
Headquarters
Canada (Source, checked September 26, 2026)
Support channels
Email, Help-centre (Source, checked September 26, 2026)

Apps and profiles

Elsewhere
trustspot.io

Pros and cons

Pros

  • same day funding means a lender can deposit in the same day, which matters when a bill date will not move.
  • Access is the point: soft prequal and poor keep the door open for weaker credit files.
  • The cost side is plain: CAD 0 to use the service, and around CAD 100, varies by lender as the origination fee.

Cons

  • The ceiling on 8.99% to 35% sits well above the site median of 12%, so the weakest files pay the most.
  • Help runs on email and help centre only, so there is no phone line for urgent questions.
  • It is a broker, and the final price depends on which lender accepts the application.
LoanConnect

Ready to try LoanConnect?

Scored 8.6 / 10 by BorrowCue.

See alternatives

Who it suits

  • Residents of Canada at the age of majority in their province, with poor credit and bills that cannot wait.
  • Borrowers consolidating balances or funding a car, a business or a home project, since personal, debt consolidation and secured and home improvement cover each case.

Who should look elsewhere

  • Borrowers who want a lower rate ceiling: Monzo Flex lists 10% to 23%, well under the top of 8.99% to 35%.
  • Applicants outside Canada, since eligibility asks for residents of Canada, while Cashspace and Cashspace ES serve other markets.

How LoanConnect compares

Where LoanConnect is available

Available
Canada

Countries from the brand (Source, checked September 26, 2026)

Frequently asked questions

What does LoanConnect charge?+

An origination fee of around CAD 100, varies by lender is the main cost, and it changes with the lender. Beyond that there is CAD 0 for the service. Borrowing at the top of 8.99% to 35% costs far more than the middle of the range, so the rate you are offered matters more than the headline.

How much can I borrow, and for how long?+

Loan amounts run CAD 500 to CAD 60,000, and terms run 3 to 120, so a small consolidation loan and a larger secured loan can sit on the same account. fixed rates mean the payment holds steady rather than following the market.

Does applying put a credit file search on record?+

The check listed is soft prequal, the lighter kind of review, so a rate indication does not rest on a full credit file assessment. The band that qualifies is poor, so a weaker history does not rule you out.

What credit history do I need?+

The stated band is poor, the tier many mainstream lenders turn away. Eligibility also asks that you be of the age of majority in your province, resident in Canada, and that debt payments stay within a set share of income.

How quickly can I get the money?+

Same-day funding is part of the offer under same day funding, and a lender can deposit as soon as the same day. Because LoanConnect is a broker, the deposit comes from the lender that approves, so timing starts once an offer is accepted.

Is LoanConnect the lender?+

It is a broker, trading as Asset Direct of Canada Inc. (dba LoanConnect). Applications pass to lenders who set the rate and the fee, which is why 8.99% to 35% is quoted as a range rather than one rate, and why around CAD 100, varies by lender moves with the lender.

What kinds of loan are on offer?+

personal, debt consolidation and secured spans personal, debt consolidation, secured, car and business borrowing, and home improvement points to home improvement. Purchases and remortgages are covered too under purchase and remortgage, with fixed periods of 0.25 to 10.

How do I get help?+

Support runs on email and help centre, so a written answer or the help centre is the route. There is no phone line listed, which matters when a payment date is close and you would rather speak to a person.

Sources

  • loanconnect.ca checked September 26, 2026

    Backs: Loan amount, APR, Features, Fixed period, Headquarters, Initial rate, Pricing model, Rate type, Representative example, Term

    “Borrow between $500-$60,000”

  • loanconnect.ca/about-us checked September 26, 2026

    Backs: Credit needed, Use cases

    “Poor Credit Loans: Individuals looking for poor credit loans, who would like to be approved at a competitive rates”

  • loanconnect.ca/faq checked September 26, 2026

    Backs: Credit check, Eligibility, Funding time, Loan types, Arrangement fee, Support channels

    “you are asked to agree to a soft credit check. This soft check does not affect your score, and is not visible to any lenders”

  • loanconnect.ca/mortgage checked September 26, 2026

    Backs: Purpose

    “Be advised, if a borrower is looking to refinance/switch their mortgage, the maximum amount they can borrow is 80% of the value of their property.”

  • loanconnect.ca/terms-of-use checked September 26, 2026

    Backs: Legal entity, Lender type, Product fee

    “a binding legal agreement between You ... and Asset Direct of Canada Inc. ("ADC")”

Compiled from 5 source pages, checked September 26, 2026. We did not open an account.

LoanConnect

LoanConnect

Canadian borrowers with weaker credit who want a fixed-rate loan with same-day funding.

8.6/10See alternatives

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