Sites like LightStream

Compare online loans like LightStream in Canada. Get funding with better terms or easier eligibility.

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By

Stacie Hurst

&

Kat Aoki

Updated

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LightStream, the personal loan arm of US bank Truist, is a direct online lender with some of the lowest interest rates on the US market. Under certain conditions, the company will beat lower rate offers by 0.10%. With this perk, LightStream is a go-to choice for Us borrowers with great credit scores.

Unfortunately, LightStream loans aren’t available in Canada. Here’s a list of alternative Canadian lenders.

Finder Score APR Range Loan Amount Loan Term

Loans Canada

Loans Canada logo
8.6 Great
Loans Canada Personal Loan
8.6 Great
9.99% - 35.00%
$500 - $50,000
6 - 60 months
Go to siteView details
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Why we like it

This completely free platform lets you compare offers from multiple lenders with just one application. Get matched with suitable loan providers from among Loans Canada's network of partners. Both good and bad credit applications are accepted.

Pros

  • Largest lending network in Canada
  • Easily compare offers with one application
  • Loans for good and bad credit
  • Multiple loan types available

Cons

  • Not a direct lender
  • High rates for bad credit
  • Credit check might be required

LoanConnect

LoanConnect logo
8.8 Great
LoanConnect Personal Loan
8.8 Great
8.99% - 35.00%
$500 - $60,000
3 - 120 months
Go to siteView details
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Why we like it

Another loan search platform, LoanConnect helps you narrow down your search for lenders via a single application. Apply online in minutes. If approved, you can receive funds within 24 to 48 hours.

Pros

  • Fast pre-approval
  • Options for good and bad credit
  • Secured and unsecured loans

Cons

  • Not a direct lender
  • High rates for bad credit

Spring Financial

Spring Financial logo
8.5 Great
Spring Financial Personal Loan
8.5 Great
9.99% - 35%
$500 - $35,000
6 - 84 months
Go to siteView details
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Why we like it

Have trouble getting a loan from your local bank? Spring Financial might be an option. The lender works with those who don't meet lenders' usual income or credit score requirements, and you can apply entirely online.

Pros

  • High-risk applications are okay
  • Flexible loan amounts from $500 to $35,000
  • No early repayment fees

Cons

  • Interest rates of up to 35% for bad credit
  • You may be offered a credit builder loan (The Foundation loan) instead of a personal loan

easyfinancial

easyfinancial logo
8.6 Great
easyfinancial Personal Loan
8.6 Great
9.99% - 35.00%
$500 - $150,000
9 - 240 months
View details
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Why we like it

Like Spring Financial, easyfinancial lends to good and bad credit applicants, offering both secured and unsecured funding. Apply online in minutes, and receive funds the same day if you're approved. Get a 2% rate reduction if you apply with a co-applicant.

Pros

  • Fast application, approval and funding
  • Secured and unsecured loans
  • 2% rate reduction with a co-applicant
  • Low or no credit is okay

Cons

  • Steep rates for bad credit
  • Extra fees for optional services (i.e. loan insurance and Credit Optimizer)

Fig

Fig logo
7.8 Great
Fig Personal Loan
7.8 Great
8.99% - 29.49%
$2,000 - $35,000
24 - 84 months
Go to siteView details
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Why we like it

Backed by Fairstone Bank, Fig offers loans to borrowers with good to excellent credit. Apply online for instant pre-approval, and get funded within two business days. Fig loan repayments are flexible. Choose to make payments on a weekly, bi-weekly or monthly basis.

Pros

  • Easy online application
  • No collateral required
  • Flexible payment options
  • No early repayment fees
  • Pre-qualification offers are valid for 7 days

Cons

  • Takes up to 2 business days to receive funds
  • Fair or bad credit may not qualify

goPeer

goPeer logo
7.8 Great
goPeer Personal Loan
7.8 Great
8.99% - 34.99%
$1,000 - $35,000
36 or 60 months
View details
Compare product selection

Why we like it

Bypass traditional banks and credit lenders and borrow from private investors through goPeer, a peer-to-peer (P2P) lending platforms. The Canada-based company works with borrowers who have good to excellent credit. It's easy to apply online, and your personal information is kept anonymous. Funders only see your loan details and credit risk information. Plus, there's no fee for paying off your loan early.

Pros

  • Borrow from fellow Canadians
  • Apply anonymously
  • 15-day grace period for unexpected events
  • No prepayment penalties

Cons

  • 700+ credit score required
  • Rates as high as 34.99%
  • Origination fee
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How does LightStream compare?

LightStream has some of the most competitive rates available, but only for those with good to excellent credit. But the company gets many negative customer reviews online. Here are the main pros and cons of getting a LightStream loan. Learn more about personal loans here.

Pros

  • Loans up to $100,000
  • 0.10% best rate guarantee
  • 0.50% rate discount with AutoPay
  • Co-applicants allowed
  • No origination or early repayment fees
  • Available in all 50 US states

Cons

  • No loans under $5,000
  • Good to excellent credit required
  • No educational or business loans
  • Cannot refinance existing LightStream loans
  • 0.50% rate increase for invoice requests

Sources

Stacie Hurst's headshot
Written by

Associate editor

Stacie Hurst is an editor at Finder, specializing in loans, banking, investing and money transfers. She has a Bachelor of Arts in Psychology and Writing, and she has completed FP Canada Institute's Financial Management Course. Before working in the publishing industry, Stacie completed one year of law school in the United States. When not working, she can usually be found watching K-dramas or playing games with her friends and family. See full bio

Stacie's expertise
Stacie has written 230 Finder guides across topics including:
  • Banking
  • Stock Trading
  • Cryptocurrency
  • Personal Loans
  • Car Loans
  • Credit Cards
Kat Aoki's headshot
Co-written by

Writer

Kat Aoki was a personal finance writer at Finder, specializing in consumer and business lending. She’s written thousands of articles to help consumers make better decisions on their home loans, bank accounts, credit cards, cryptocurrency and more. Kat is well versed in working with leading brands in the real estate, mortgage and personal finance industries, and her expertise has been featured on Lifewire and financial comparison sites like iSelect and realestate.com.au. She holds a BS in business administration from California State University, Sacramento and enjoys hiking and yoga in her spare time. See full bio

Kat's expertise
Kat has written 6 Finder guides across topics including:
  • Mortgages
  • Home equity loans
  • Mortgage refinancing
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