In this guide

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  • Frequently asked questions
  • Your reviews
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Northstar Brokers review

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Northstar Brokers Personal Loans
APR Range
18.00%
Loan Amount
$300 - $3,000
Loan Term
Up to 6 months
All information about Northstar Brokers Personal Loans has been collected independently by Finder. Finder is not connected with Northstar Brokers products, and this page is not sponsored, endorsed or administered by, or associated with, Northstar Brokers. All product names, logos, and brands have been used for identification purposes only and are property of their respective owners.

Our verdict

Get fast loans of up to $3,000 online, but watch out for high rates and fees.

Northstar Brokers provides access to a network of finance companies for bad-credit borrowers who need a loan. There are no credit checks during the application process, and you can apply, get approved and get funded within 24 hours. However, the high cost of borrowing and the fact that Northstar Brokers has picked up negative customer reviews means it's worth considering a range of other lenders before deciding where to apply for a loan.

Pros

  • Fast loans
  • No credit check

Cons

  • Expensive
  • Some complaints about its high rates and customer service

In this guide

  • Our verdict
  • Frequently asked questions
  • Your reviews

What is Northstar Brokers?

Northstar Brokers is a loan brokerage service where you can apply for fast loans of up to $3,000 online. Once you fill out an application with your personal details and financial information, Northstar Brokers forwards it to its network of finance companies to find a suitable loan.

Northstar Brokers says it offers cash advances, payday loans, bad credit loans, installment loans and more. It also provides loans across Canada, with the exception of Manitoba.

Is Northstar Brokers legit?

The Northstar Brokers website features several of the hallmarks of a legitimate lending company. These include legal documents like terms and conditions and a privacy policy, as well as an office address in Montreal along with phone and email contact details.

However, it’s not Better Business Bureau accredited and has a BBB rating of F. The BBB has also closed 40 complaints against Northstar Brokers in the past three years (as of October 2023).

Features of Northstar Brokers loans

FeatureDetails
Loan amount$300 – $3,000
Loan termUp to 6 months
APR18.00%
Serviced provincesAll except Manitoba
Eligibility requirements
  • Must have a valid chequing account
  • Must have held a full-time job for at least 6 months
  • Must have lived at the same address for at least 6 months
  • Must receive income by direct deposit or cheque
  • Must not be in bankruptcy or have any garnishes against your pay

What are the interest rates of Northstar Brokers?

Northstar Brokers lists an interest rate of 18% on its website. However, the interest rate is different to the annual percentage rate (APR) of a loan, which also takes into account the loan fees that apply.

We couldn’t find fee amounts listed on the Northstar Brokers website, but you can expect a high APR to apply to your loan. Check the APR closely, and make sure you understand exactly how much your loan will cost, before you sign a loan agreement.

Benefits of Northstar Brokers loans

  • Easy online application. You can fill out a simple online application on the Northstar Brokers website in a matter of minutes.
  • Fast access to funds. Once you’ve signed a loan contract, the loan amount will be sent to you by Interac e-Transfer within 45 minutes.
  • Wide range of incomes accepted. Northstar Brokers accepts employment income, private disability, child tax, EI, workers’ compensation and pension income.
  • No credit checks. You won’t need to undergo a credit check to qualify for a loan from Northstar Brokers.
  • Loans of up to $3,000. You can borrow amounts ranging from $300 to $3,000.

What to watch out for

  • Negative customer reviews. Northstar Brokers has a low average rating from online customer reviews — read more about this in the next section.
  • High cost of borrowing. With an interest rate of 18% and undisclosed fees, you can expect a high APR to apply to your loan.
  • Incorrect information. Northstar Brokers says it offers payday loans of up to $3,000, but the maximum payday loan amount in Canada is limited to $1,500.
  • “No refusal”. Northstar Brokers promotes the fact that it offers an “instant loan service with no refusal”. However, it’s important for any legitimate lender to assess your ability to pay back a loan before approving or rejecting your application, and promising guaranteed approval can indicate a loan scam.
  • Doesn’t report to the credit bureaus. Northstar Brokers doesn’t report on-time payments to the credit bureaus, so you won’t improve your credit score by paying off a loan.
  • Not available in Manitoba. Northstar Brokers does not offer loans to Manitoba residents.

Alternatives to Northstar Brokers loans

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Name Product Ratings APR Range Loan Amount Loan Term Broker Compliance Requirements
Spring Financial Personal Loan
Finder Score:
★★★★★
Customer Survey:
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10.8% - 46.99%
$500 - $35,000
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Requirements: min. income $2,000/month, 3+ months employed, min. credit score 550
Loans Canada Personal Loan
Finder Score:
★★★★★
Customer Survey:
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6.99% - 46.96%
$300 - $50,000
3 - 60 months
Loans Canada is a loan search platform with access to multiple lenders. Applicants will be matched with a suitable lender based on credit history and borrowing requirements.
Requirements: min. credit score 300
LoanConnect Personal Loan
Finder Score:
★★★★★
Customer Survey:
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8.99% - 46.96%
$500 - $50,000
3 - 120 months
LoanConnect is a loan search platform with access to multiple lenders. Applicants will be matched with a suitable lender based on credit history and borrowing requirements.
Requirements: min. credit score 300
easyfinancial Personal Loan
Finder Score:
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Customer Survey:
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9.99% - 46.96%
$500 - $100,000
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Requirements: min. income $1,200/month
SkyCap Financial Personal Loan
Finder Score:
★★★★★
Customer Survey:
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12.99% - 39.99%
$500 - $10,000
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Requirements: min. income $1,666.67/month, full time employment/pension, min. credit score 575, no bankruptcy
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What do Northstar Brokers reviews have to say?

Northstar Brokers reviews are largely negative, with the provider garnering low average ratings on Google, the Better Business Bureau and Trustpilot. Common complaints include the high cost of borrowing, poor customer service and unanswered phone calls, and never receiving loan funds.

Summary of Northstar Brokers reviews

FeatureDetails
BBB accreditedNo
BBB ratingF
Google reviews1.4 out of 5 stars, based on 36 Northstar Brokers reviews
Trustpilot reviews2.5 out of 5 stars, based on 5 Northstar Brokers reviews
Facebook reviewsNo Northstar Brokers reviews available
Customer reviews verified as of11 October 2023

Am I eligible for a loan from Northstar Brokers?

You’ll need to meet the following requirements to qualify for a loan through Northstar Brokers:

  • Must have a valid chequing account that has been active for at least three months
  • Must have held a full-time job for at least six months
  • Must have lived at the same address for at least six months
  • Must receive income by direct deposit or cheque
  • Must not be in bankruptcy or have any garnishes against your pay

How to apply to Northstar Brokers online

You can apply for a loan online by completing the following steps:

  1. Click the “Apply Now” link on the Northstar Brokers website.
  2. Select your province and choose the loan amount you want.
  3. Enter your name, email address, phone number and date of birth.
  4. Provide your income and employment information.
  5. Provide any required supporting documents.
  6. If approved, review your loan agreement closely before signing.

Bottom line

Northstar Brokers is worth a look if you have bad credit and you need a fast online loan. However, the negative customer reviews this provider has received, combined with the potentially high cost of borrowing, means you should check the loan details closely before deciding whether it’s right for you.

Ultimately, be sure to compare a range of lenders to find a loan that meets your needs.

Frequently asked questions

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