Blue Copper Capital review: Is it legit?

Is Blue Copper Capital legit?

Yes. Blue Copper Capital is a legit and licensed lender that was established in 2006.

It has high-cost credit and payday lending licences in Alberta, and it has physical locations in Calgary and Edmonton. The lender has also received over 200 (mostly positive) reviews on Trustpilot, while its website lists important information like licence and contact details.

What we like about Blue Copper Capital

• Established lender. Blue Copper Capital has been providing loans to Canadians since 2006.
• Bad credit is OK. This lender says it will not automatically reject your application simply because you have poor credit.
• Easy application. It’s quick and easy to apply for a Blue Copper Capital loan online, or you can apply in person at the lender’s Calgary or Edmonton locations.
• Early repayment allowed. You can pay back a Blue Copper Capital installment loan early without penalty.
• Could improve your credit score. Blue Copper Capital reports personal loan and line of credit repayments to the credit bureaus, so making on-time payments could help boost your credit score.
• Progress to cheaper financing. If you’re a regular user of Blue Copper Capital’s payday loans, you can progress to lower-rate options if you build a history of on-time payments.

What to watch out for

• Expensive. Payday loans are notoriously expensive, while APRs on other loans from Blue Copper Capital range from 16.00% - 35.00%.
• Not available everywhere. Blue Copper Capital offers payday loans in Alberta only, while its installment loans and lines of credit are available in Alberta and BC.
• Some income types not accepted. You’ll need employment income or income from private disability insurance to qualify for funding. Alberta Works, AISH and BCPWD payments are not accepted.
• Monthly fee. If you take out a line of credit through the Blue Copper Club, you’ll have to pay a monthly fee starting at $6.
• Expired licence. We couldn’t find Blue Copper Capital among a list of licensed High-Cost Credit Grantors from Consumer Protection BC. The page for its Vancouver office links to a BC High Cost Credit Grantor Licence that expired in 2022.
• References required. You’ll need to provide the details of three references during the application process.

Alternatives to Blue Copper Capital

What are Blue Copper Capital’s interest rates?

Blue Copper Capital offers loan APRs ranging from 16% to 35%. An APR of 35% is the maximum allowable under Canada’s criminal interest rate regulations, so keep in mind that your loan could be quite expensive to repay.

Payday loans are exempt from these regulations, but the maximum an Alberta lender can charge for payday loans is $14 per $100 borrowed. So if you take out a $400 loan with a 42-day repayment period, that works out to an APR of 121.67%.

Reviews for Blue Copper Capital

Blue Copper Capital reviews on Trustpilot are mostly positive. Customers mention factors such as excellent customer service, easy-to-understand loan information, and fast and easy loan application and funding.

Trustpilot reviews	4.9/5 based on 213 reviews
BBB reviews	N/A
BBB rating	N/A
BBB accreditation	Not accredited

As of August 12, 2025

What types of loans does Blue Copper Capital offer?

There are four options to consider if you want a loan from Blue Copper Capital:

• Payday loans. Available in Alberta only, payday loans allow you to borrow up to $1,500. You’ll have up to 62 days to repay your loan, and the lender can charge you $14 per $100 borrowed.
• Installment loans. Blue Copper Capital personal loans allow you to borrow amounts ranging from $1,000 to $100,000. Loan terms range from 6 - 84 months, with APRs of 16.00% - 35.00%. You can take out an unsecured loan or provide an asset as collateral for a secured loan.
• Lines of credit. Blue Copper Club lines of credit range from $150 up to $5,000. Blue Copper says you’ll pay approximately $0.10 interest per day per $100 borrowed, plus a monthly fee starting at $6. This borrowing option is designed to help you rebuild a poor credit rating, with access to money management consultations and group presentations provided.
• Business loans. Blue Copper Capital also offers secured and unsecured business term loans as well as short-term cash flow loans.

Do you qualify?

To qualify for a Blue Copper Capital loan, you will need to:

• Be at least 18 years of age
• Be a resident of Alberta or BC (Alberta only if you’re applying for a payday loan)
• Have been with your employer for at least 90 days
• Have an active bank account

You’ll need to provide two pieces of government-issued ID to verify your identity. Blue Copper Capital will also request pay stubs and a preauthorized debit agreement to review your recent banking transaction history.

How do you apply?

If you’ve compared a range of options and decided that a Blue Copper Capital loan is right for you, here’s what you need to do to apply.

1. Visit the Blue Copper Capital website, click “Apply” and then “Proceed with application.”
2. Enter your name.
3. Provide your date of birth, Social Insurance Number (optional), marital status, address, residential status, contact details and monthly rent/mortgage payment (optional).
4. Provide your income and employment details.
5. Provide the names and phone numbers of three references.
6. Specify whether you have ever been bankrupt, in a consumer proposal or in credit counselling.
7. Enter your desired loan amount and the type of loan you’re applying for, and provide details of the asset you’re providing as collateral (if applicable).
8. Submit your application.

What to expect once you’ve received your loan funds

Once you’ve received your money, you’ll need to budget to make on-time repayments. Check your repayment schedule so you know when your next payment is due, and contact the lender in advance if you think you may not be able to make an on-time payment.

It’s also worth remembering that you can pay your loan off early at any time without penalty. So if you can save some extra cash, putting it towards your loan could help you pay less interest and get out of debt quicker.