Personal Loans in Ontario
Get matched with Canadian lenders offering personal loans from $500 to $50,000. Simple application, no fees to apply, and no obligation. Available to residents of Ontario.
Apply Now - It's FreeWhat to know about personal loans in Ontario
A personal loan in Canada is a fixed amount of money you borrow and pay back in regular monthly payments. Most loans run from 6 months to 5 years. The interest rate and term you are offered depend on the lender, your credit, and your income.
Personal loans are usually unsecured, which means you do not have to put up a car or home as collateral. Because the lender takes on more risk, rates can be higher than a secured loan but lower than a credit card or payday loan.
Always read the full loan agreement before you sign. Look at the total cost of borrowing, not just the monthly payment. A longer term means lower monthly payments but more interest paid over time.
When Canadians use personal loans
- ✓Covering an unexpected expense like a car repair or medical bill
- ✓Paying for a home improvement project or moving costs
- ✓Funding a major life event such as a wedding or family trip
- ✓Bridging a short gap between paydays without using high-cost credit
Lending rules in Ontario
Ontario is Canada's largest consumer lending market. Payday lenders in Ontario are capped at $15 per $100 borrowed under the Payday Loans Act. Personal loans and installment loans are offered by federally regulated banks, credit unions, and licensed alternative lenders. Always confirm a lender is licensed before signing any agreement.
Provincial regulator: Financial Services Regulatory Authority of Ontario (FSRA)
Available across Ontario
We help match residents in cities and towns throughout Ontario, including:
How LoanLink Canada works
Submit one short form
Tell us your name, contact info, province, and how much you want to borrow. About 3 minutes.
We match you to lenders
Your request is sent to licensed Canadian lenders in our network who serve your area.
Compare offers
Lenders contact you directly. You compare rates and terms, then choose what works for you.
What you need to apply
- You are a Canadian resident, 18 or older and live in Ontario.
- A valid email address and phone number we can reach you at.
- A general idea of how much you want to borrow (between $100 and $50,000).
- A few minutes of your time. The form is short and free to submit.