{"id":745506,"date":"2018-08-28T04:50:59","date_gmt":"2018-08-28T08:50:59","guid":{"rendered":""},"modified":"2026-03-09T18:35:39","modified_gmt":"2026-03-09T22:35:39","slug":"retired-loans","status":"publish","type":"post","link":"https:\/\/www.finder.com\/ca\/personal-loans\/retired-loans","title":{"rendered":"Compare loans for seniors and retirees in Canada"},"content":{"rendered":"<p>As you move into your older years, your finances change with your lifestyle. When that happens, you may find that getting a loan isn\u2019t as easy as it was when you were earning an income from employment. However, there are lenders that will consider you for a loan as a retiree. But just be aware of the costs some loans might have and the impact borrowing at a later stage in life could have on your retirement funds.<\/p><h3>9 types of loans for seniors in Canada<\/h3><p>If you\u2019re hoping to take out a loan as a retired senior, you can look into these 9 options.<\/p><h4 id=\"compare\">1. Personal loans<\/h4><p>A personal loan can be either secured or unsecured. Secured means putting up collateral, such as your savings. Unsecured means the loan has no collateral, but it also means higher interest rates than secured loans since the lender is taking on more risk. Some lenders offer up to $50,000, but you may not have access to this large amount if you don\u2019t have the liquid assets to back it up and an excellent credit score.<article class=\"luna-card luna-card--border\">\r\n<div class=\"luna-card__block\">\r\n\r\n\r\n<div class=\"u-grid u-grid--alignTop\">\r\n<div class=\"u-grid__col u-1\/4@m\" style=\"padding-bottom: 0px;\">\r\n <center><img decoding=\"async\" data-src=\"https:\/\/www.finder.com\/niche-builder\/67f6e86b65674.png\" class=\"lazy-load\" alt=\"LoanConnect Personal Loan\" src=\"https:\/\/www.finder.com\/niche-builder\/67f6e86b65674.png\" style=\"width: 100%; max-width: 200px;\" srcset=\"https:\/\/www.finder.com\/niche-builder\/67f6e86b65674.png?fit=180 180w, https:\/\/www.finder.com\/niche-builder\/67f6e86b65674.png?fit=360 360w, https:\/\/www.finder.com\/niche-builder\/67f6e86b65674.png?fit=600 600w\" sizes=\"(max-width: 600px) 100vw, 600px\" loading=\"lazy\"><\/center>\r\n    \r\n              \r\n<center>\r\n<div class=\"detail-info 7fd7d7fc-e864-45a9-b585-bfadfd222da4\" style=\"cursor: pointer; z-index: 1;position: relative; margin-bottom: 1rem; display: inline-flex;\">\r\n  \r\n\r\n    \r\n      \r\n    \r\n    <a class=\"scoreCombined score__container finder-score\">\r\n      <span class=\"score__badge score__badge--great\">\r\n        <span class=\"score__value\">8.8<\/span>\r\n      <\/span>\r\n      <span class=\"score__text-wrapper score__text score__text--great\">\r\n        Great\r\n      <\/span>\r\n    <\/a>\r\n  \r\n<\/div>    \r\n  <\/center>\r\n  \r\n  \r\n  \r\n<a class=\"luna-button luna-button--success luna-button--fluid has-margin-top-xsmall\" href=\"https:\/\/www.finder.com\/redirect\/ca\/personal-loans\/loanconnect-personal-loan-ca-secure.html?nb=1&amp;src_country=ca&amp;redirect_tracking_params=%7B%22placement_type%22%3A%22nb-product%22%2C%22product_id%22%3A%227fd7d7fc-e864-45a9-b585-bfadfd222da4%22%2C%22product_name%22%3A%22LoanConnect%2BPersonal%2BLoan%22%2C%22offer_id%22%3A%2215388%22%2C%22decorator%22%3A%22CAFPL.PRODUCT.CAFPL_PRODUCT_DISPLAY%22%2C%22niche_code%22%3A%22CAFPL%22%2C%22post_id%22%3A%22745506%22%2C%22post_path%22%3A%22personal-loans%252Fretired-loans%22%2C%22post_country%22%3A%22ca%22%7D\" target=\"_blank\" type=\"button\">Go to site<\/a>\r\n<a class=\"luna-button luna-button--action luna-button--ghost luna-button--fluid has-margin-bottom-xsmall\" href=\"https:\/\/www.finder.com\/ca\/personal-loans\/loanconnect-personal-loan\" role=\"button\">Read review<\/a>\r\n<\/div>\r\n<div class=\"u-grid__col u-3\/4@m\" style=\"padding-bottom: 0px;\">\r\n   <div class=\"has-padding-xxsmall\"><\/div>  \r\n<h4 id=\"7fd7d7fc-e864-45a9-b585-bfadfd222da4\" class=\"luna-card__title\" style=\"padding-bottom: 10px; font-size: 20px;\">Our pick for personal loan: LoanConnect Personal Loan<\/h4>\r\n\r\n\r\n<div class=\"u-grid u-grid--alignMiddle\">\r\n  <div class=\"u-grid__col u-1\/3@m u-1\/2\" style=\"padding-bottom: 0px;\">\r\n    <span style=\"font-size: 20px; font-weight: 900; color: #1D53FF;\">$500 \u2013 $60,000\r\n      \r\n    <\/span>\r\n    <br>\r\n    <span style=\"font-size: 15px; font-weight: 500; color: #6c7881; position: relative; top: -8px;\">Loan amount<\/span>\r\n  <\/div>\r\n  <div class=\"u-grid__col u-1\/3@m u-1\/2\" style=\"padding-bottom: 0px;\">\r\n    <span style=\"font-size: 20px; font-weight: 900; color: #1D53FF;\">8.99% \u2013 35%\r\n      \r\n    <\/span>\r\n    <br>\r\n    <span style=\"font-size: 15px; font-weight: 500; color: #6c7881; position: relative; top: -8px;\">APR<\/span>\r\n  <\/div>\r\n  <div class=\"u-grid__col u-1\/3@m u-1\/2\" style=\"padding-bottom: 0px;\">\r\n    <span style=\"font-size: 20px; font-weight: 900; color: #1D53FF;\">3 - 120 months\r\n\r\n    <\/span>\r\n    <br>\r\n    <span style=\"font-size: 15px; font-weight: 500; color: #6c7881; position: relative; top: -8px;\">Term<\/span>\r\n  <\/div>\r\n<\/div>  \r\n\r\n\r\n\r\n      <div class=\"has-overflow-auto luna-tabs\" style=\"margin: 0rem;\">\r\n    <ul class=\"luna-tabs__list\">\r\n        <li class=\"active luna-tab\"><a class=\"luna-tab__action\" href=\"#pb-tabname0-7fd7d7fc-e864-45a9-b585-bfadfd222da4-1\" data-toggle=\"tab\">Info<\/a><\/li>\r\n      \r\n        <li class=\"luna-tab\"><a class=\"luna-tab__action\" href=\"#pb-tabname1-7fd7d7fc-e864-45a9-b585-bfadfd222da4-1\" data-toggle=\"tab\">Pros + Cons<\/a><\/li>\r\n\r\n        <li class=\"luna-tab\"><a class=\"luna-tab__action\" href=\"#pb-tabname2-7fd7d7fc-e864-45a9-b585-bfadfd222da4-1\" data-toggle=\"tab\">Details<\/a><\/li>\r\n    <\/ul>\r\n     \r\n      <div class=\"tab-content\">\r\n      \r\n        <div class=\"tab-pane active\" id=\"pb-tabname0-7fd7d7fc-e864-45a9-b585-bfadfd222da4-1\">\r\n            <div data-category=\"\" data-niche=\"\" data-fieldset=\"default\" class=\" default\">\r\n<div class=\"has-padding-xsmall\"><\/div>\r\n              LoanConnect is the best loan company in Canada for comparing personal loans because it's a reputable online loan platform that matches you with lenders for free based on your profile.\r\n            <\/div>\r\n        <\/div>\r\n      \r\n      \r\n        <div class=\"tab-pane\" id=\"pb-tabname1-7fd7d7fc-e864-45a9-b585-bfadfd222da4-1\">\r\n            <div data-category=\"\" data-niche=\"\" data-fieldset=\"default\" class=\" default\">\r\n              <div class=\"has-padding-xsmall\"><\/div>\r\n              <div class=\"u-grid u-grid--gutterCollapse\" style=\"margin: 0px;\">\r\n              <div class=\"u-grid__col u-1\/2@m\">\r\n                \r\n                <ul class=\"list-1\">\r\n                \r\n                  <li>Easy online application that you can complete in a matter of minutes<\/li>\r\n                \r\n                  <li>Quick deposits within 24 hours of applying, if you meet all the eligibility criteria<\/li>\r\n                \r\n                  <li>High loan amounts of up to $60,000<\/li>\r\n                \r\n                  <li>Longer terms of up to 7 years, if needed<\/li>\r\n                \r\n                  <li>Lenders can provide bad credit loans<\/li>\r\n                \r\n                <\/ul>\r\n              \r\n                <\/div>\r\n              <div class=\"u-grid__col u-1\/2@m\">\r\n              \r\n                <ul class=\"list-12\">\r\n                \r\n                  <li>Potential for high interest rates of up to 35% depending on your financial circumstances<\/li>\r\n                \r\n                  <li>Limited providers based on companies LoanConnect works with<\/li>\r\n                \r\n                  <li>Online only so you cannot visit LoanConnect in person for assistance<\/li>\r\n                \r\n                <\/ul>\r\n              \r\n                <\/div>\r\n              <\/div>\r\n            <\/div>\r\n        <\/div>\r\n\r\n      \r\n        <div class=\"tab-pane\" id=\"pb-tabname2-7fd7d7fc-e864-45a9-b585-bfadfd222da4-1\">\r\n            <div data-category=\"\" data-niche=\"\" data-fieldset=\"default\" class=\" default\">\r\n\r\n<table class=\"luna-table\" style=\"border: 0px;\">\r\n  <tbody class=\"luna-table__body\">\r\n    <tr>\r\n     <th class=\"u-1\/3@m\"><span style=\"font-size: 15px; font-weight: 500; color: #6c7881; position: relative;\">Loan Amount<\/span><\/th>\r\n     <td class=\"i_infobox_data product_infobox_data\"><span style=\"font-size: 15px; font-weight: 600; position: relative;\">$500 \u2013 $60,000\r\n      <\/span>\r\n    <\/td>\r\n  <\/tr>\r\n    <tr>\r\n     <th class=\"u-1\/3@m\"><span style=\"font-size: 15px; font-weight: 500; color: #6c7881; position: relative;\">APR Range<\/span><\/th>\r\n     <td class=\"i_infobox_data product_infobox_data\"><span style=\"font-size: 15px; font-weight: 600; position: relative;\">8.99% \u2013 35%\r\n      <\/span>\r\n    <\/td>\r\n  <\/tr>\r\n    <tr>\r\n     <th class=\"u-1\/3@m\"><span style=\"font-size: 15px; font-weight: 500; color: #6c7881; position: relative;\">Loan Term<\/span><\/th>\r\n     <td class=\"i_infobox_data product_infobox_data\"><span style=\"font-size: 15px; font-weight: 600; position: relative;\">3 - 120 months<\/span>\r\n    <\/td>\r\n  <\/tr>\r\n       \r\n    <tr>\r\n     <th class=\"u-1\/3@m\"><span style=\"font-size: 15px; font-weight: 500; color: #6c7881; position: relative;\">Serviced Provinces\/Territories<\/span><\/th>\r\n     <td class=\"i_infobox_data product_infobox_data\"><span style=\"font-size: 15px; font-weight: 600; position: relative;\">All provinces<\/span>\r\n    <\/td>\r\n  <\/tr>\r\n\r\n    \r\n    <tr>\r\n     <th class=\"u-1\/3@m\"><span style=\"font-size: 15px; font-weight: 500; color: #6c7881; position: relative;\">Turnaround Time<\/span><\/th>\r\n     <td class=\"i_infobox_data product_infobox_data\"><span style=\"font-size: 15px; font-weight: 600; position: relative;\">Receive funds in as little as 24 hours.<\/span>\r\n    <\/td>\r\n  <\/tr>\r\n\r\n\r\n    <tr>\r\n     <th class=\"u-1\/3@m\"><span style=\"font-size: 15px; font-weight: 500; color: #6c7881; position: relative;\">Min. Credit Score<\/span><\/th>\r\n     <td class=\"i_infobox_data product_infobox_data\"><span style=\"font-size: 15px; font-weight: 600; position: relative;\">300<\/span>\r\n    <\/td>\r\n  <\/tr>\r\n   \r\n\r\n    <tr>\r\n     <th class=\"u-1\/3@m\"><span style=\"font-size: 15px; font-weight: 500; color: #6c7881; position: relative;\">Fees<\/span><\/th>\r\n     <td class=\"i_infobox_data product_infobox_data\"><span style=\"font-size: 15px; font-weight: 600; position: relative;\">No application, origination or brokerage fees<\/span>\r\n    <\/td>\r\n  <\/tr>\r\n\r\n    \r\n    <tr>\r\n     <th class=\"u-1\/3@m\"><span style=\"font-size: 15px; font-weight: 500; color: #6c7881; position: relative;\">Requirements<\/span><\/th>\r\n     <td class=\"i_infobox_data product_infobox_data\"><span style=\"font-size: 15px; font-weight: 600; position: relative;\">Canadian citizen or permanent resident, age of majority in your province of residence, current debts must total less than 60% of your income<\/span>\r\n    <\/td>\r\n  <\/tr>\r\n\r\n  <\/tbody>\r\n<\/table>\r\n\r\n<\/div>\r\n<\/div>       \r\n<\/div>\r\n<\/div>\r\n\r\n  <\/div>\r\n  <\/div> \r\n<\/div>\r\n<\/article>\r\n\r\n<style>\r\n.no-cta-button {\r\n  font-weight: bold;\r\n  font-size: 18px;\r\n  color: #00ba9c;\r\n  text-decoration: underline;\r\n  text-align: center;\r\n  margin-top: 0 !important;\r\n  width: 100%;\r\n}\r\n\r\n.no-cta-button:hover {\r\n  color: #4dceb9;\r\n}\r\n<\/style>\r\n\r\n\r\n  \r\n<style>\r\n.scoreCombined.finder-score::before {\r\n  display: none;\r\n}\r\n\r\n.score__container {\r\n    display: flex;\r\n    width: 100%;\r\n    flex-direction: column;\r\n    flex-flow: nowrap;\r\n    font-size: 18px;\r\n}\r\n\r\n.score__badge {\r\n    border-radius: 100px 16px 100px 100px;\r\n    border: none;\r\n    display: flex;\r\n    justify-content: center;\r\n    align-items: center;\r\n    height: 2.2rem;\r\n    width: 2.2rem;\r\n    background-image: linear-gradient(\r\n        45deg,\r\n        transparent 25%,\r\n        rgba(255, 255, 255, 0.2) 50%,\r\n        transparent 75%,\r\n        transparent 100%\r\n    );\r\n    background-size: 250% 250%, 100% 100%;\r\n    background-position: -100% 0, 0 0;\r\n    background-repeat: no-repeat;\r\n}\r\n\r\n.score__badge--excellent {\r\n    background-color: rgb(25, 105, 232);\r\n    box-shadow: rgba(18, 85, 208, 0.3) 0px 1.125px 6.75px 0px,\r\n        rgba(255, 255, 255, 0.25) 0px 4.5px 4.5px 0px inset,\r\n        rgba(255, 255, 255, 0.25) 0px 2.25px 0px 0px inset,\r\n        rgba(0, 0, 0, 0.2) 0px 0px 0px 1.125px inset,\r\n        rgb(25, 105, 232) 0px -2.25px 0px 0px inset;\r\n}\r\n\r\n.score__badge--great {\r\n    background-color: rgb(0, 120, 40);\r\n    box-shadow: rgba(18, 85, 208, 0.3) 0px 1.125px 6.75px 0px,\r\n        rgba(255, 255, 255, 0.25) 0px 4.5px 4.5px 0px inset,\r\n        rgba(255, 255, 255, 0.25) 0px 2.25px 0px 0px inset,\r\n        rgba(0, 0, 0, 0.2) 0px 0px 0px 1.125px inset,\r\n        rgb(0, 120, 40) 0px -2.25px 0px 0px inset;\r\n}\r\n\r\n.score__badge--standard {\r\n    background-color: rgb(231, 185, 11);\r\n    box-shadow: rgba(18, 85, 208, 0.3) 0px 1.125px 6.75px 0px,\r\n        rgba(255, 255, 255, 0.25) 0px 4.5px 4.5px 0px inset,\r\n        rgba(255, 255, 255, 0.25) 0px 2.25px 0px 0px inset,\r\n        rgba(0, 0, 0, 0.2) 0px 0px 0px 1.125px inset,\r\n        rgb(231, 185, 11) 0px -2.25px 0px 0px inset;\r\n}\r\n.score__badge--basic {\r\n    background-color: rgb(240, 88, 0);\r\n    box-shadow: rgba(18, 85, 208, 0.3) 0px 1.125px 6.75px 0px,\r\n        rgba(255, 255, 255, 0.25) 0px 4.5px 4.5px 0px inset,\r\n        rgba(255, 255, 255, 0.25) 0px 2.25px 0px 0px inset,\r\n        rgba(0, 0, 0, 0.2) 0px 0px 0px 1.125px inset,\r\n        rgb(240, 88, 0) 0px -2.25px 0px 0px inset;\r\n}\r\n.score__badge:hover {\r\n    animation: shine-effect 1.5s ease;\r\n}\r\n\r\n@keyframes shine-effect {\r\n    0% {\r\n        background-position: -100% 0, 0 0;\r\n    }\r\n\r\n    100% {\r\n        background-position: 200% 0, 0 0;\r\n    }\r\n}\r\n\r\n.score__value {\r\n    color: white;\r\n    font-weight: 700;\r\n}\r\n\r\n.score__text-wrapper-cards {\r\n    border: none;\r\n    align-items: center;\r\n    display: flex;\r\n    background-color: rgb(240 247 255);\r\n    padding: 0.25rem 0 0.25rem 0.875rem;\r\n    border-radius: 0 999px 999px 0;\r\n    margin-left: -0.375rem;\r\n    top: -4px;\r\n    width: 100%;\r\n    width: auto;\r\n    padding-right: 15px !important;\r\n}\r\n\r\n.score__text {\r\n    font-weight: 500;\r\n    font-size: 16px;\r\nwhite-space: nowrap;\r\n}\r\n.scoreCombined {\r\n    text-decoration: none;\r\n}\r\na.scoreCombined,\r\na.scoreCombined:hover {\r\n    text-decoration: none;\r\n}\r\n.score__text--excellent {\r\n    background-color: rgb(240 247 255);\r\n    color: rgb(18 85 208);\r\n}\r\n.score__text--great {\r\n    background-color: rgb(240 251 246);\r\n    color: rgb(0 120 40);\r\n}\r\n.score__text--standard {\r\n    background-color: rgb(255 251 227);\r\n    color: rgb(161 98 7);\r\n    padding-right: 0px;\r\n}\r\n.score__text--basic {\r\n    background-color: rgb(255, 234, 227);\r\n    color: rgb(240, 88, 0);\r\n    padding-right: 0px;\r\n}\r\n\r\ntable div[class*=\"methodology-partial\"] {\r\n    display:none;\r\n}\r\n\r\n<\/style><\/p><h4>2. Personal lines of credit<\/h4><p>A line of credit is similar to a personal loan. But instead of receiving a lump sum, you\u2019ll be able to draw from your line, up to a pre-determined limit, whenever you need it. Interest will only apply to the amount you borrow. A line of credit can be particularly useful when you aren\u2019t sure how much you need in advance.<\/p><article class=\"luna-card luna-card--border\">\r\n<div class=\"luna-card__block\">\r\n\r\n\r\n<div class=\"u-grid u-grid--alignTop\">\r\n<div class=\"u-grid__col u-1\/4@m\" style=\"padding-bottom: 0px;\">\r\n <center><img decoding=\"async\" data-src=\"https:\/\/www.finder.com\/niche-builder\/5f8f0c7f7fe9e.png\" class=\"lazy-load\" alt=\"Loans Canada Line of Credit\" src=\"https:\/\/www.finder.com\/niche-builder\/5f8f0c7f7fe9e.png\" style=\"width: 100%; max-width: 200px;\" srcset=\"https:\/\/www.finder.com\/niche-builder\/5f8f0c7f7fe9e.png?fit=180 180w, https:\/\/www.finder.com\/niche-builder\/5f8f0c7f7fe9e.png?fit=360 360w, https:\/\/www.finder.com\/niche-builder\/5f8f0c7f7fe9e.png?fit=600 600w\" sizes=\"(max-width: 600px) 100vw, 600px\" loading=\"lazy\"><\/center>\r\n    \r\n              \r\n<center>\r\n<div class=\"detail-info 14ae870b-250c-49a5-9382-06b2d5b7761c\" style=\"cursor: pointer; z-index: 1;position: relative; margin-bottom: 1rem; display: inline-flex;\">\r\n  \r\n\r\n    \r\n      \r\n    \r\n    <a class=\"scoreCombined score__container finder-score\">\r\n      <span class=\"score__badge score__badge--great\">\r\n        <span class=\"score__value\">8.5<\/span>\r\n      <\/span>\r\n      <span class=\"score__text-wrapper score__text score__text--great\">\r\n        Great\r\n      <\/span>\r\n    <\/a>\r\n  \r\n<\/div>    \r\n  <\/center>\r\n  \r\n  \r\n  \r\n<a class=\"luna-button luna-button--success luna-button--fluid has-margin-top-xsmall\" href=\"https:\/\/www.finder.com\/redirect\/ca\/personal-loans\/loans-canada-line-of-credit-ca-secure.html?nb=1&amp;src_country=ca&amp;redirect_tracking_params=%7B%22placement_type%22%3A%22nb-product%22%2C%22product_id%22%3A%2214ae870b-250c-49a5-9382-06b2d5b7761c%22%2C%22product_name%22%3A%22Loans%2BCanada%2BLine%2Bof%2BCredit%22%2C%22offer_id%22%3A%2217711%22%2C%22decorator%22%3A%22CAFPL.PRODUCT.CAFPL_PRODUCT_DISPLAY%22%2C%22niche_code%22%3A%22CAFPL%22%2C%22post_id%22%3A%22745506%22%2C%22post_path%22%3A%22personal-loans%252Fretired-loans%22%2C%22post_country%22%3A%22ca%22%7D\" target=\"_blank\" type=\"button\">Go to site<\/a>\r\n<a class=\"luna-button luna-button--action luna-button--ghost luna-button--fluid has-margin-bottom-xsmall\" href=\"https:\/\/www.finder.com\/ca\/personal-loans\/loans-canada-personal-loan-review\" role=\"button\">Read review<\/a>\r\n<\/div>\r\n<div class=\"u-grid__col u-3\/4@m\" style=\"padding-bottom: 0px;\">\r\n   <div class=\"has-padding-xxsmall\"><\/div>  \r\n<h4 id=\"14ae870b-250c-49a5-9382-06b2d5b7761c\" class=\"luna-card__title\" style=\"padding-bottom: 10px; font-size: 20px;\">Our pick for line of credit: Loans Canada Line of Credit<\/h4>\r\n\r\n\r\n<div class=\"u-grid u-grid--alignMiddle\">\r\n  <div class=\"u-grid__col u-1\/3@m u-1\/2\" style=\"padding-bottom: 0px;\">\r\n    <span style=\"font-size: 20px; font-weight: 900; color: #1D53FF;\">$5,000 \u2013 $35,000\r\n      \r\n    <\/span>\r\n    <br>\r\n    <span style=\"font-size: 15px; font-weight: 500; color: #6c7881; position: relative; top: -8px;\">Loan amount<\/span>\r\n  <\/div>\r\n  <div class=\"u-grid__col u-1\/3@m u-1\/2\" style=\"padding-bottom: 0px;\">\r\n    <span style=\"font-size: 20px; font-weight: 900; color: #1D53FF;\">8.99% \u2013 35%\r\n      \r\n    <\/span>\r\n    <br>\r\n    <span style=\"font-size: 15px; font-weight: 500; color: #6c7881; position: relative; top: -8px;\">APR<\/span>\r\n  <\/div>\r\n  <div class=\"u-grid__col u-1\/3@m u-1\/2\" style=\"padding-bottom: 0px;\">\r\n    <span style=\"font-size: 20px; font-weight: 900; color: #1D53FF;\">Open\r\n\r\n    <\/span>\r\n    <br>\r\n    <span style=\"font-size: 15px; font-weight: 500; color: #6c7881; position: relative; top: -8px;\">Term<\/span>\r\n  <\/div>\r\n<\/div>  \r\n\r\n\r\n\r\n      <div class=\"has-overflow-auto luna-tabs\" style=\"margin: 0rem;\">\r\n    <ul class=\"luna-tabs__list\">\r\n        <li class=\"active luna-tab\"><a class=\"luna-tab__action\" href=\"#pb-tabname0-14ae870b-250c-49a5-9382-06b2d5b7761c-1\" data-toggle=\"tab\">Info<\/a><\/li>\r\n      \r\n        <li class=\"luna-tab\"><a class=\"luna-tab__action\" href=\"#pb-tabname1-14ae870b-250c-49a5-9382-06b2d5b7761c-1\" data-toggle=\"tab\">Pros + Cons<\/a><\/li>\r\n\r\n        <li class=\"luna-tab\"><a class=\"luna-tab__action\" href=\"#pb-tabname2-14ae870b-250c-49a5-9382-06b2d5b7761c-1\" data-toggle=\"tab\">Details<\/a><\/li>\r\n    <\/ul>\r\n     \r\n      <div class=\"tab-content\">\r\n      \r\n        <div class=\"tab-pane active\" id=\"pb-tabname0-14ae870b-250c-49a5-9382-06b2d5b7761c-1\">\r\n            <div data-category=\"\" data-niche=\"\" data-fieldset=\"default\" class=\" default\">\r\n<div class=\"has-padding-xsmall\"><\/div>\r\n              Loans Canada is the best loan company for comparing different loan options (including lines of credit) because it has the largest lender network in Canada.\r\n            <\/div>\r\n        <\/div>\r\n      \r\n      \r\n        <div class=\"tab-pane\" id=\"pb-tabname1-14ae870b-250c-49a5-9382-06b2d5b7761c-1\">\r\n            <div data-category=\"\" data-niche=\"\" data-fieldset=\"default\" class=\" default\">\r\n              <div class=\"has-padding-xsmall\"><\/div>\r\n              <div class=\"u-grid u-grid--gutterCollapse\" style=\"margin: 0px;\">\r\n              <div class=\"u-grid__col u-1\/2@m\">\r\n                \r\n                <ul class=\"list-1\">\r\n                \r\n                  <li>Bad credit doesn't matter because Loans Canada will match you with a lender for your particular situation<\/li>\r\n                \r\n                  <li>Easy online application to connect with multiple lenders<\/li>\r\n                \r\n                  <li>Quick deposits, with access to your cash within 1-3 business days from the time that you apply<\/li>\r\n                \r\n                  <li>High loan amounts of up to $35,000<\/li>\r\n                \r\n                  <li>No collateral required to secure your loan<\/li>\r\n                \r\n                <\/ul>\r\n              \r\n                <\/div>\r\n              <div class=\"u-grid__col u-1\/2@m\">\r\n              \r\n                <ul class=\"list-12\">\r\n                \r\n                  <li>Interest rates can reach as high as 35%<\/li>\r\n                \r\n                  <li>No online quotes provided. Instead you'll have to speak to a customer service representative over the phone<\/li>\r\n                \r\n                <\/ul>\r\n              \r\n                <\/div>\r\n              <\/div>\r\n            <\/div>\r\n        <\/div>\r\n\r\n      \r\n        <div class=\"tab-pane\" id=\"pb-tabname2-14ae870b-250c-49a5-9382-06b2d5b7761c-1\">\r\n            <div data-category=\"\" data-niche=\"\" data-fieldset=\"default\" class=\" default\">\r\n\r\n<table class=\"luna-table\" style=\"border: 0px;\">\r\n  <tbody class=\"luna-table__body\">\r\n    <tr>\r\n     <th class=\"u-1\/3@m\"><span style=\"font-size: 15px; font-weight: 500; color: #6c7881; position: relative;\">Loan Amount<\/span><\/th>\r\n     <td class=\"i_infobox_data product_infobox_data\"><span style=\"font-size: 15px; font-weight: 600; position: relative;\">$5,000 \u2013 $35,000\r\n      <\/span>\r\n    <\/td>\r\n  <\/tr>\r\n    <tr>\r\n     <th class=\"u-1\/3@m\"><span style=\"font-size: 15px; font-weight: 500; color: #6c7881; position: relative;\">APR Range<\/span><\/th>\r\n     <td class=\"i_infobox_data product_infobox_data\"><span style=\"font-size: 15px; font-weight: 600; position: relative;\">8.99% \u2013 35%\r\n      <\/span>\r\n    <\/td>\r\n  <\/tr>\r\n    <tr>\r\n     <th class=\"u-1\/3@m\"><span style=\"font-size: 15px; font-weight: 500; color: #6c7881; position: relative;\">Loan Term<\/span><\/th>\r\n     <td class=\"i_infobox_data product_infobox_data\"><span style=\"font-size: 15px; font-weight: 600; position: relative;\">Open<\/span>\r\n    <\/td>\r\n  <\/tr>\r\n       \r\n    <tr>\r\n     <th class=\"u-1\/3@m\"><span style=\"font-size: 15px; font-weight: 500; color: #6c7881; position: relative;\">Serviced Provinces\/Territories<\/span><\/th>\r\n     <td class=\"i_infobox_data product_infobox_data\"><span style=\"font-size: 15px; font-weight: 600; position: relative;\">All of Canada<\/span>\r\n    <\/td>\r\n  <\/tr>\r\n\r\n    \r\n    <tr>\r\n     <th class=\"u-1\/3@m\"><span style=\"font-size: 15px; font-weight: 500; color: #6c7881; position: relative;\">Turnaround Time<\/span><\/th>\r\n     <td class=\"i_infobox_data product_infobox_data\"><span style=\"font-size: 15px; font-weight: 600; position: relative;\">Receive funds within as little as 24 hours.<\/span>\r\n    <\/td>\r\n  <\/tr>\r\n\r\n\r\n    <tr>\r\n     <th class=\"u-1\/3@m\"><span style=\"font-size: 15px; font-weight: 500; color: #6c7881; position: relative;\">Min. Credit Score<\/span><\/th>\r\n     <td class=\"i_infobox_data product_infobox_data\"><span style=\"font-size: 15px; font-weight: 600; position: relative;\">300<\/span>\r\n    <\/td>\r\n  <\/tr>\r\n   \r\n\r\n    <tr>\r\n     <th class=\"u-1\/3@m\"><span style=\"font-size: 15px; font-weight: 500; color: #6c7881; position: relative;\">Fees<\/span><\/th>\r\n     <td class=\"i_infobox_data product_infobox_data\"><span style=\"font-size: 15px; font-weight: 600; position: relative;\">No application, origination or brokerage fees<\/span>\r\n    <\/td>\r\n  <\/tr>\r\n\r\n    \r\n    <tr>\r\n     <th class=\"u-1\/3@m\"><span style=\"font-size: 15px; font-weight: 500; color: #6c7881; position: relative;\">Requirements<\/span><\/th>\r\n     <td class=\"i_infobox_data product_infobox_data\"><span style=\"font-size: 15px; font-weight: 600; position: relative;\">Canadian citizen, age of majority in your province of residence<\/span>\r\n    <\/td>\r\n  <\/tr>\r\n\r\n  <\/tbody>\r\n<\/table>\r\n\r\n<\/div>\r\n<\/div>       \r\n<\/div>\r\n<\/div>\r\n\r\n  <\/div>\r\n  <\/div> \r\n<\/div>\r\n<\/article>\r\n\r\n<style>\r\n.no-cta-button {\r\n  font-weight: bold;\r\n  font-size: 18px;\r\n  color: #00ba9c;\r\n  text-decoration: underline;\r\n  text-align: center;\r\n  margin-top: 0 !important;\r\n  width: 100%;\r\n}\r\n\r\n.no-cta-button:hover {\r\n  color: #4dceb9;\r\n}\r\n<\/style>\r\n\r\n\r\n  \r\n<style>\r\n.scoreCombined.finder-score::before {\r\n  display: none;\r\n}\r\n\r\n.score__container {\r\n    display: flex;\r\n    width: 100%;\r\n    flex-direction: column;\r\n    flex-flow: nowrap;\r\n    font-size: 18px;\r\n}\r\n\r\n.score__badge {\r\n    border-radius: 100px 16px 100px 100px;\r\n    border: none;\r\n    display: flex;\r\n    justify-content: center;\r\n    align-items: center;\r\n    height: 2.2rem;\r\n    width: 2.2rem;\r\n    background-image: linear-gradient(\r\n        45deg,\r\n        transparent 25%,\r\n        rgba(255, 255, 255, 0.2) 50%,\r\n        transparent 75%,\r\n        transparent 100%\r\n    );\r\n    background-size: 250% 250%, 100% 100%;\r\n    background-position: -100% 0, 0 0;\r\n    background-repeat: no-repeat;\r\n}\r\n\r\n.score__badge--excellent {\r\n    background-color: rgb(25, 105, 232);\r\n    box-shadow: rgba(18, 85, 208, 0.3) 0px 1.125px 6.75px 0px,\r\n        rgba(255, 255, 255, 0.25) 0px 4.5px 4.5px 0px inset,\r\n        rgba(255, 255, 255, 0.25) 0px 2.25px 0px 0px inset,\r\n        rgba(0, 0, 0, 0.2) 0px 0px 0px 1.125px inset,\r\n        rgb(25, 105, 232) 0px -2.25px 0px 0px inset;\r\n}\r\n\r\n.score__badge--great {\r\n    background-color: rgb(0, 120, 40);\r\n    box-shadow: rgba(18, 85, 208, 0.3) 0px 1.125px 6.75px 0px,\r\n        rgba(255, 255, 255, 0.25) 0px 4.5px 4.5px 0px inset,\r\n        rgba(255, 255, 255, 0.25) 0px 2.25px 0px 0px inset,\r\n        rgba(0, 0, 0, 0.2) 0px 0px 0px 1.125px inset,\r\n        rgb(0, 120, 40) 0px -2.25px 0px 0px inset;\r\n}\r\n\r\n.score__badge--standard {\r\n    background-color: rgb(231, 185, 11);\r\n    box-shadow: rgba(18, 85, 208, 0.3) 0px 1.125px 6.75px 0px,\r\n        rgba(255, 255, 255, 0.25) 0px 4.5px 4.5px 0px inset,\r\n        rgba(255, 255, 255, 0.25) 0px 2.25px 0px 0px inset,\r\n        rgba(0, 0, 0, 0.2) 0px 0px 0px 1.125px inset,\r\n        rgb(231, 185, 11) 0px -2.25px 0px 0px inset;\r\n}\r\n.score__badge--basic {\r\n    background-color: rgb(240, 88, 0);\r\n    box-shadow: rgba(18, 85, 208, 0.3) 0px 1.125px 6.75px 0px,\r\n        rgba(255, 255, 255, 0.25) 0px 4.5px 4.5px 0px inset,\r\n        rgba(255, 255, 255, 0.25) 0px 2.25px 0px 0px inset,\r\n        rgba(0, 0, 0, 0.2) 0px 0px 0px 1.125px inset,\r\n        rgb(240, 88, 0) 0px -2.25px 0px 0px inset;\r\n}\r\n.score__badge:hover {\r\n    animation: shine-effect 1.5s ease;\r\n}\r\n\r\n@keyframes shine-effect {\r\n    0% {\r\n        background-position: -100% 0, 0 0;\r\n    }\r\n\r\n    100% {\r\n        background-position: 200% 0, 0 0;\r\n    }\r\n}\r\n\r\n.score__value {\r\n    color: white;\r\n    font-weight: 700;\r\n}\r\n\r\n.score__text-wrapper-cards {\r\n    border: none;\r\n    align-items: center;\r\n    display: flex;\r\n    background-color: rgb(240 247 255);\r\n    padding: 0.25rem 0 0.25rem 0.875rem;\r\n    border-radius: 0 999px 999px 0;\r\n    margin-left: -0.375rem;\r\n    top: -4px;\r\n    width: 100%;\r\n    width: auto;\r\n    padding-right: 15px !important;\r\n}\r\n\r\n.score__text {\r\n    font-weight: 500;\r\n    font-size: 16px;\r\nwhite-space: nowrap;\r\n}\r\n.scoreCombined {\r\n    text-decoration: none;\r\n}\r\na.scoreCombined,\r\na.scoreCombined:hover {\r\n    text-decoration: none;\r\n}\r\n.score__text--excellent {\r\n    background-color: rgb(240 247 255);\r\n    color: rgb(18 85 208);\r\n}\r\n.score__text--great {\r\n    background-color: rgb(240 251 246);\r\n    color: rgb(0 120 40);\r\n}\r\n.score__text--standard {\r\n    background-color: rgb(255 251 227);\r\n    color: rgb(161 98 7);\r\n    padding-right: 0px;\r\n}\r\n.score__text--basic {\r\n    background-color: rgb(255, 234, 227);\r\n    color: rgb(240, 88, 0);\r\n    padding-right: 0px;\r\n}\r\n\r\ntable div[class*=\"methodology-partial\"] {\r\n    display:none;\r\n}\r\n\r\n<\/style><article class=\"luna-card luna-card--primary luna-card--border\">\n  <div class=\"luna-card__block\" style=\"padding:0.7em\">\n<span style=\"font-size:0.9em; font-weight: 800; font-style: italic; text-transform: uppercase;\">Related: <\/span><a href=\"https:\/\/www.finder.com\/ca\/personal-loans\/line-of-credit\" style=\"text-decoration:underline; font-size:0.9em;\">Lines of credit in Canada<\/a>\n<\/div>\n<\/article><h4>3. Home equity loans or lines of credit<\/h4><p>If you own a home, you can use the equity of your home (the difference between the property value and the mortgage balance) to get a loan. Your home will act as collateral. A home equity loan is a lump sum that you pay back in installments over time. With a home equity line of credit (HELOC), you can borrow up to a pre-set limit, and you can borrow as much or as little as you\u2019d like. You can pay back what you owe at any time, but you must pay the interest on the amount you borrow. Because you\u2019re using your home as collateral, home equity loans and HELOCs tend to have lower interest rates than other types of loans.<article class=\"luna-card luna-card--border\">\r\n<div class=\"luna-card__block\">\r\n\r\n\r\n<div class=\"u-grid u-grid--alignTop\">\r\n<div class=\"u-grid__col u-1\/4@m\" style=\"padding-bottom: 0px;\">\r\n <center><img decoding=\"async\" data-src=\"https:\/\/www.finder.com\/niche-builder\/65ca6f3b3c5af.png\" class=\"lazy-load\" alt=\"Fairstone Secured Personal Loan\" src=\"https:\/\/www.finder.com\/niche-builder\/65ca6f3b3c5af.png\" style=\"width: 100%; max-width: 200px;\" srcset=\"https:\/\/www.finder.com\/niche-builder\/65ca6f3b3c5af.png?fit=180 180w, https:\/\/www.finder.com\/niche-builder\/65ca6f3b3c5af.png?fit=360 360w, https:\/\/www.finder.com\/niche-builder\/65ca6f3b3c5af.png?fit=600 600w\" sizes=\"(max-width: 600px) 100vw, 600px\" loading=\"lazy\"><\/center>\r\n    \r\n              \r\n<center>\r\n<div class=\"detail-info a12ffb19-b92f-4d47-9eb5-df6ccbb74f6e\" style=\"cursor: pointer; z-index: 1;position: relative; margin-bottom: 1rem; display: inline-flex;\">\r\n  \r\n\r\n    \r\n      \r\n    \r\n    <a class=\"scoreCombined score__container finder-score\">\r\n      <span class=\"score__badge score__badge--great\">\r\n        <span class=\"score__value\">8<\/span>\r\n      <\/span>\r\n      <span class=\"score__text-wrapper score__text score__text--great\">\r\n        Great\r\n      <\/span>\r\n    <\/a>\r\n  \r\n<\/div>    \r\n  <\/center>\r\n  \r\n  \r\n  \r\n\r\n<a class=\"luna-button luna-button--action luna-button--ghost luna-button--fluid has-margin-bottom-xsmall\" href=\"https:\/\/www.finder.com\/ca\/personal-loans\/fairstone\" role=\"button\">Read review<\/a>\r\n<\/div>\r\n<div class=\"u-grid__col u-3\/4@m\" style=\"padding-bottom: 0px;\">\r\n   <div class=\"has-padding-xxsmall\"><\/div>  \r\n<h4 id=\"a12ffb19-b92f-4d47-9eb5-df6ccbb74f6e\" class=\"luna-card__title\" style=\"padding-bottom: 10px; font-size: 20px;\">Our pick for home equity loan: Fairstone Secured Personal Loan<\/h4>\r\n\r\n\r\n<div class=\"u-grid u-grid--alignMiddle\">\r\n  <div class=\"u-grid__col u-1\/3@m u-1\/2\" style=\"padding-bottom: 0px;\">\r\n    <span style=\"font-size: 20px; font-weight: 900; color: #1D53FF;\">$5,000 \u2013 $60,000\r\n      \r\n    <\/span>\r\n    <br>\r\n    <span style=\"font-size: 15px; font-weight: 500; color: #6c7881; position: relative; top: -8px;\">Loan amount<\/span>\r\n  <\/div>\r\n  <div class=\"u-grid__col u-1\/3@m u-1\/2\" style=\"padding-bottom: 0px;\">\r\n    <span style=\"font-size: 20px; font-weight: 900; color: #1D53FF;\">19.99% \u2013 23.99%\r\n      \r\n    <\/span>\r\n    <br>\r\n    <span style=\"font-size: 15px; font-weight: 500; color: #6c7881; position: relative; top: -8px;\">APR<\/span>\r\n  <\/div>\r\n  <div class=\"u-grid__col u-1\/3@m u-1\/2\" style=\"padding-bottom: 0px;\">\r\n    <span style=\"font-size: 20px; font-weight: 900; color: #1D53FF;\">36 - 120 months\r\n\r\n    <\/span>\r\n    <br>\r\n    <span style=\"font-size: 15px; font-weight: 500; color: #6c7881; position: relative; top: -8px;\">Term<\/span>\r\n  <\/div>\r\n<\/div>  \r\n\r\n\r\n\r\n      <div class=\"has-overflow-auto luna-tabs\" style=\"margin: 0rem;\">\r\n    <ul class=\"luna-tabs__list\">\r\n        <li class=\"active luna-tab\"><a class=\"luna-tab__action\" href=\"#pb-tabname0-a12ffb19-b92f-4d47-9eb5-df6ccbb74f6e-1\" data-toggle=\"tab\">Info<\/a><\/li>\r\n      \r\n        <li class=\"luna-tab\"><a class=\"luna-tab__action\" href=\"#pb-tabname1-a12ffb19-b92f-4d47-9eb5-df6ccbb74f6e-1\" data-toggle=\"tab\">Pros + Cons<\/a><\/li>\r\n\r\n        <li class=\"luna-tab\"><a class=\"luna-tab__action\" href=\"#pb-tabname2-a12ffb19-b92f-4d47-9eb5-df6ccbb74f6e-1\" data-toggle=\"tab\">Details<\/a><\/li>\r\n    <\/ul>\r\n     \r\n      <div class=\"tab-content\">\r\n      \r\n        <div class=\"tab-pane active\" id=\"pb-tabname0-a12ffb19-b92f-4d47-9eb5-df6ccbb74f6e-1\">\r\n            <div data-category=\"\" data-niche=\"\" data-fieldset=\"default\" class=\" default\">\r\n<div class=\"has-padding-xsmall\"><\/div>\r\n              If you have home equity you're willing to put up for collateral, you can apply for a Fairstone secured loan starting at $5,000 up to $60,000.\r\n            <\/div>\r\n        <\/div>\r\n      \r\n      \r\n        <div class=\"tab-pane\" id=\"pb-tabname1-a12ffb19-b92f-4d47-9eb5-df6ccbb74f6e-1\">\r\n            <div data-category=\"\" data-niche=\"\" data-fieldset=\"default\" class=\" default\">\r\n              <div class=\"has-padding-xsmall\"><\/div>\r\n              <div class=\"u-grid u-grid--gutterCollapse\" style=\"margin: 0px;\">\r\n              <div class=\"u-grid__col u-1\/2@m\">\r\n                \r\n                <ul class=\"list-1\">\r\n                \r\n                  <li>Borrow as little as $5,000 to start.<\/li>\r\n                \r\n                  <li>Terms range from as short as 36 months<\/li>\r\n                \r\n                  <li>Fast access to funds to the tune of 1 business day.<\/li>\r\n                \r\n                  <li>Flexible repayment options, including weekly, fortnightly or monthly due dates.<\/li>\r\n                \r\n                <\/ul>\r\n              \r\n                <\/div>\r\n              <div class=\"u-grid__col u-1\/2@m\">\r\n              \r\n                <ul class=\"list-12\">\r\n                \r\n                  <li>Potential for a higher starting interest rate.<\/li>\r\n                \r\n                  <li>Your home is used as collateral.<\/li>\r\n                \r\n                  <li>Expect additional charges for a home valuation, title search and other due diligence steps.<\/li>\r\n                \r\n                  <li>In-person applications only<\/li>\r\n                \r\n                  <li> however, there are 240 locations across Canada.<\/li>\r\n                \r\n                <\/ul>\r\n              \r\n                <\/div>\r\n              <\/div>\r\n            <\/div>\r\n        <\/div>\r\n\r\n      \r\n        <div class=\"tab-pane\" id=\"pb-tabname2-a12ffb19-b92f-4d47-9eb5-df6ccbb74f6e-1\">\r\n            <div data-category=\"\" data-niche=\"\" data-fieldset=\"default\" class=\" default\">\r\n\r\n<table class=\"luna-table\" style=\"border: 0px;\">\r\n  <tbody class=\"luna-table__body\">\r\n    <tr>\r\n     <th class=\"u-1\/3@m\"><span style=\"font-size: 15px; font-weight: 500; color: #6c7881; position: relative;\">Loan Amount<\/span><\/th>\r\n     <td class=\"i_infobox_data product_infobox_data\"><span style=\"font-size: 15px; font-weight: 600; position: relative;\">$5,000 \u2013 $60,000\r\n      <\/span>\r\n    <\/td>\r\n  <\/tr>\r\n    <tr>\r\n     <th class=\"u-1\/3@m\"><span style=\"font-size: 15px; font-weight: 500; color: #6c7881; position: relative;\">APR Range<\/span><\/th>\r\n     <td class=\"i_infobox_data product_infobox_data\"><span style=\"font-size: 15px; font-weight: 600; position: relative;\">19.99% \u2013 23.99%\r\n      <\/span>\r\n    <\/td>\r\n  <\/tr>\r\n    <tr>\r\n     <th class=\"u-1\/3@m\"><span style=\"font-size: 15px; font-weight: 500; color: #6c7881; position: relative;\">Loan Term<\/span><\/th>\r\n     <td class=\"i_infobox_data product_infobox_data\"><span style=\"font-size: 15px; font-weight: 600; position: relative;\">36 - 120 months<\/span>\r\n    <\/td>\r\n  <\/tr>\r\n       \r\n    <tr>\r\n     <th class=\"u-1\/3@m\"><span style=\"font-size: 15px; font-weight: 500; color: #6c7881; position: relative;\">Serviced Provinces\/Territories<\/span><\/th>\r\n     <td class=\"i_infobox_data product_infobox_data\"><span style=\"font-size: 15px; font-weight: 600; position: relative;\">Canada-wide (excluding Nunavut)<\/span>\r\n    <\/td>\r\n  <\/tr>\r\n\r\n    \r\n    <tr>\r\n     <th class=\"u-1\/3@m\"><span style=\"font-size: 15px; font-weight: 500; color: #6c7881; position: relative;\">Turnaround Time<\/span><\/th>\r\n     <td class=\"i_infobox_data product_infobox_data\"><span style=\"font-size: 15px; font-weight: 600; position: relative;\">3+ days<\/span>\r\n    <\/td>\r\n  <\/tr>\r\n\r\n\r\n    <tr>\r\n     <th class=\"u-1\/3@m\"><span style=\"font-size: 15px; font-weight: 500; color: #6c7881; position: relative;\">Min. Credit Score<\/span><\/th>\r\n     <td class=\"i_infobox_data product_infobox_data\"><span style=\"font-size: 15px; font-weight: 600; position: relative;\">560<\/span>\r\n    <\/td>\r\n  <\/tr>\r\n   \r\n\r\n    <tr>\r\n     <th class=\"u-1\/3@m\"><span style=\"font-size: 15px; font-weight: 500; color: #6c7881; position: relative;\">Fees<\/span><\/th>\r\n     <td class=\"i_infobox_data product_infobox_data\"><span style=\"font-size: 15px; font-weight: 600; position: relative;\">Varies by province<\/span>\r\n    <\/td>\r\n  <\/tr>\r\n\r\n    \r\n    <tr>\r\n     <th class=\"u-1\/3@m\"><span style=\"font-size: 15px; font-weight: 500; color: #6c7881; position: relative;\">Requirements<\/span><\/th>\r\n     <td class=\"i_infobox_data product_infobox_data\"><span style=\"font-size: 15px; font-weight: 600; position: relative;\">Canadian resident, age of majority in your province of residence, home equity to use as collateral<\/span>\r\n    <\/td>\r\n  <\/tr>\r\n\r\n  <\/tbody>\r\n<\/table>\r\n\r\n<\/div>\r\n<\/div>       \r\n<\/div>\r\n<\/div>\r\n\r\n  <\/div>\r\n  <\/div> \r\n<\/div>\r\n<\/article>\r\n\r\n<style>\r\n.no-cta-button {\r\n  font-weight: bold;\r\n  font-size: 18px;\r\n  color: #00ba9c;\r\n  text-decoration: underline;\r\n  text-align: center;\r\n  margin-top: 0 !important;\r\n  width: 100%;\r\n}\r\n\r\n.no-cta-button:hover {\r\n  color: #4dceb9;\r\n}\r\n<\/style>\r\n\r\n\r\n  \r\n<style>\r\n.scoreCombined.finder-score::before {\r\n  display: none;\r\n}\r\n\r\n.score__container {\r\n    display: flex;\r\n    width: 100%;\r\n    flex-direction: column;\r\n    flex-flow: nowrap;\r\n    font-size: 18px;\r\n}\r\n\r\n.score__badge {\r\n    border-radius: 100px 16px 100px 100px;\r\n    border: none;\r\n    display: flex;\r\n    justify-content: center;\r\n    align-items: center;\r\n    height: 2.2rem;\r\n    width: 2.2rem;\r\n    background-image: linear-gradient(\r\n        45deg,\r\n        transparent 25%,\r\n        rgba(255, 255, 255, 0.2) 50%,\r\n        transparent 75%,\r\n        transparent 100%\r\n    );\r\n    background-size: 250% 250%, 100% 100%;\r\n    background-position: -100% 0, 0 0;\r\n    background-repeat: no-repeat;\r\n}\r\n\r\n.score__badge--excellent {\r\n    background-color: rgb(25, 105, 232);\r\n    box-shadow: rgba(18, 85, 208, 0.3) 0px 1.125px 6.75px 0px,\r\n        rgba(255, 255, 255, 0.25) 0px 4.5px 4.5px 0px inset,\r\n        rgba(255, 255, 255, 0.25) 0px 2.25px 0px 0px inset,\r\n        rgba(0, 0, 0, 0.2) 0px 0px 0px 1.125px inset,\r\n        rgb(25, 105, 232) 0px -2.25px 0px 0px inset;\r\n}\r\n\r\n.score__badge--great {\r\n    background-color: rgb(0, 120, 40);\r\n    box-shadow: rgba(18, 85, 208, 0.3) 0px 1.125px 6.75px 0px,\r\n        rgba(255, 255, 255, 0.25) 0px 4.5px 4.5px 0px inset,\r\n        rgba(255, 255, 255, 0.25) 0px 2.25px 0px 0px inset,\r\n        rgba(0, 0, 0, 0.2) 0px 0px 0px 1.125px inset,\r\n        rgb(0, 120, 40) 0px -2.25px 0px 0px inset;\r\n}\r\n\r\n.score__badge--standard {\r\n    background-color: rgb(231, 185, 11);\r\n    box-shadow: rgba(18, 85, 208, 0.3) 0px 1.125px 6.75px 0px,\r\n        rgba(255, 255, 255, 0.25) 0px 4.5px 4.5px 0px inset,\r\n        rgba(255, 255, 255, 0.25) 0px 2.25px 0px 0px inset,\r\n        rgba(0, 0, 0, 0.2) 0px 0px 0px 1.125px inset,\r\n        rgb(231, 185, 11) 0px -2.25px 0px 0px inset;\r\n}\r\n.score__badge--basic {\r\n    background-color: rgb(240, 88, 0);\r\n    box-shadow: rgba(18, 85, 208, 0.3) 0px 1.125px 6.75px 0px,\r\n        rgba(255, 255, 255, 0.25) 0px 4.5px 4.5px 0px inset,\r\n        rgba(255, 255, 255, 0.25) 0px 2.25px 0px 0px inset,\r\n        rgba(0, 0, 0, 0.2) 0px 0px 0px 1.125px inset,\r\n        rgb(240, 88, 0) 0px -2.25px 0px 0px inset;\r\n}\r\n.score__badge:hover {\r\n    animation: shine-effect 1.5s ease;\r\n}\r\n\r\n@keyframes shine-effect {\r\n    0% {\r\n        background-position: -100% 0, 0 0;\r\n    }\r\n\r\n    100% {\r\n        background-position: 200% 0, 0 0;\r\n    }\r\n}\r\n\r\n.score__value {\r\n    color: white;\r\n    font-weight: 700;\r\n}\r\n\r\n.score__text-wrapper-cards {\r\n    border: none;\r\n    align-items: center;\r\n    display: flex;\r\n    background-color: rgb(240 247 255);\r\n    padding: 0.25rem 0 0.25rem 0.875rem;\r\n    border-radius: 0 999px 999px 0;\r\n    margin-left: -0.375rem;\r\n    top: -4px;\r\n    width: 100%;\r\n    width: auto;\r\n    padding-right: 15px !important;\r\n}\r\n\r\n.score__text {\r\n    font-weight: 500;\r\n    font-size: 16px;\r\nwhite-space: nowrap;\r\n}\r\n.scoreCombined {\r\n    text-decoration: none;\r\n}\r\na.scoreCombined,\r\na.scoreCombined:hover {\r\n    text-decoration: none;\r\n}\r\n.score__text--excellent {\r\n    background-color: rgb(240 247 255);\r\n    color: rgb(18 85 208);\r\n}\r\n.score__text--great {\r\n    background-color: rgb(240 251 246);\r\n    color: rgb(0 120 40);\r\n}\r\n.score__text--standard {\r\n    background-color: rgb(255 251 227);\r\n    color: rgb(161 98 7);\r\n    padding-right: 0px;\r\n}\r\n.score__text--basic {\r\n    background-color: rgb(255, 234, 227);\r\n    color: rgb(240, 88, 0);\r\n    padding-right: 0px;\r\n}\r\n\r\ntable div[class*=\"methodology-partial\"] {\r\n    display:none;\r\n}\r\n\r\n<\/style><\/p><h4>4. Peer-to-peer loans<\/h4><p><a href=\"https:\/\/www.finder.com\/ca\/personal-loans\/peer-to-peer-lending\">Peer-to-peer loans<\/a> are personal loans funded by regular Canadian investors rather than banks or institutional lenders. An online marketplace will anonymously connect you with Canadians who can finance your loan. You can usually get competitive interest rates and favourable loan terms, but you need a good to excellent credit score to qualify.<\/p><h4>5. Debt consolidation loans<\/h4><p>If you\u2019re looking to combine your debt from multiple places into one single loan with a lower interest rate, some loan options are specifically tailored for the purpose of debt consolidation. A debt consolidation loan can help save you money on interest and fees across multiple loans.<\/p><article class=\"luna-card luna-card--border\">\r\n<div class=\"luna-card__block\">\r\n\r\n\r\n<div class=\"u-grid u-grid--alignTop\">\r\n<div class=\"u-grid__col u-1\/4@m\" style=\"padding-bottom: 0px;\">\r\n <center><img decoding=\"async\" data-src=\"https:\/\/www.finder.com\/niche-builder\/68557d968728e.png\" class=\"lazy-load\" alt=\"Spring Financial Personal Loan\" src=\"https:\/\/www.finder.com\/niche-builder\/68557d968728e.png\" style=\"width: 100%; max-width: 200px;\" srcset=\"https:\/\/www.finder.com\/niche-builder\/68557d968728e.png?fit=180 180w, https:\/\/www.finder.com\/niche-builder\/68557d968728e.png?fit=360 360w, https:\/\/www.finder.com\/niche-builder\/68557d968728e.png?fit=600 600w\" sizes=\"(max-width: 600px) 100vw, 600px\" loading=\"lazy\"><\/center>\r\n    \r\n              \r\n<center>\r\n<div class=\"detail-info eaaf66e3-6e5c-4fe3-a7f7-76f5e7410de7\" style=\"cursor: pointer; z-index: 1;position: relative; margin-bottom: 1rem; display: inline-flex;\">\r\n  \r\n\r\n    \r\n      \r\n    \r\n    <a class=\"scoreCombined score__container finder-score\">\r\n      <span class=\"score__badge score__badge--great\">\r\n        <span class=\"score__value\">8.5<\/span>\r\n      <\/span>\r\n      <span class=\"score__text-wrapper score__text score__text--great\">\r\n        Great\r\n      <\/span>\r\n    <\/a>\r\n  \r\n<\/div>    \r\n  <\/center>\r\n  \r\n  \r\n  \r\n<a class=\"luna-button luna-button--success luna-button--fluid has-margin-top-xsmall\" href=\"https:\/\/www.finder.com\/redirect\/ca\/personal-loans\/spring-financial-personal-loan-ca-secure.html?nb=1&amp;src_country=ca&amp;redirect_tracking_params=%7B%22placement_type%22%3A%22nb-product%22%2C%22product_id%22%3A%22eaaf66e3-6e5c-4fe3-a7f7-76f5e7410de7%22%2C%22product_name%22%3A%22Spring%2BFinancial%2BPersonal%2BLoan%22%2C%22offer_id%22%3A%2219898%22%2C%22decorator%22%3A%22CAFPL.PRODUCT.CAFPL_PRODUCT_DISPLAY%22%2C%22niche_code%22%3A%22CAFPL%22%2C%22post_id%22%3A%22745506%22%2C%22post_path%22%3A%22personal-loans%252Fretired-loans%22%2C%22post_country%22%3A%22ca%22%7D\" target=\"_blank\" type=\"button\">Go to site<\/a>\r\n<a class=\"luna-button luna-button--action luna-button--ghost luna-button--fluid has-margin-bottom-xsmall\" href=\"https:\/\/www.finder.com\/ca\/personal-loans\/spring-financial-personal-loan-review\" role=\"button\">Read review<\/a>\r\n<\/div>\r\n<div class=\"u-grid__col u-3\/4@m\" style=\"padding-bottom: 0px;\">\r\n   <div class=\"has-padding-xxsmall\"><\/div>  \r\n<h4 id=\"eaaf66e3-6e5c-4fe3-a7f7-76f5e7410de7\" class=\"luna-card__title\" style=\"padding-bottom: 10px; font-size: 20px;\">Our pick for debt consolidation loan: Spring Financial Personal Loan<\/h4>\r\n\r\n\r\n<div class=\"u-grid u-grid--alignMiddle\">\r\n  <div class=\"u-grid__col u-1\/3@m u-1\/2\" style=\"padding-bottom: 0px;\">\r\n    <span style=\"font-size: 20px; font-weight: 900; color: #1D53FF;\">$500 \u2013 $35,000\r\n      \r\n    <\/span>\r\n    <br>\r\n    <span style=\"font-size: 15px; font-weight: 500; color: #6c7881; position: relative; top: -8px;\">Loan amount<\/span>\r\n  <\/div>\r\n  <div class=\"u-grid__col u-1\/3@m u-1\/2\" style=\"padding-bottom: 0px;\">\r\n    <span style=\"font-size: 20px; font-weight: 900; color: #1D53FF;\">9.99% \u2013 34.95%\r\n      \r\n    <\/span>\r\n    <br>\r\n    <span style=\"font-size: 15px; font-weight: 500; color: #6c7881; position: relative; top: -8px;\">APR<\/span>\r\n  <\/div>\r\n  <div class=\"u-grid__col u-1\/3@m u-1\/2\" style=\"padding-bottom: 0px;\">\r\n    <span style=\"font-size: 20px; font-weight: 900; color: #1D53FF;\">6 - 84 months\r\n\r\n    <\/span>\r\n    <br>\r\n    <span style=\"font-size: 15px; font-weight: 500; color: #6c7881; position: relative; top: -8px;\">Term<\/span>\r\n  <\/div>\r\n<\/div>  \r\n\r\n\r\n\r\n      <div class=\"has-overflow-auto luna-tabs\" style=\"margin: 0rem;\">\r\n    <ul class=\"luna-tabs__list\">\r\n        <li class=\"active luna-tab\"><a class=\"luna-tab__action\" href=\"#pb-tabname0-eaaf66e3-6e5c-4fe3-a7f7-76f5e7410de7-1\" data-toggle=\"tab\">Info<\/a><\/li>\r\n      \r\n        <li class=\"luna-tab\"><a class=\"luna-tab__action\" href=\"#pb-tabname1-eaaf66e3-6e5c-4fe3-a7f7-76f5e7410de7-1\" data-toggle=\"tab\">Pros + Cons<\/a><\/li>\r\n\r\n        <li class=\"luna-tab\"><a class=\"luna-tab__action\" href=\"#pb-tabname2-eaaf66e3-6e5c-4fe3-a7f7-76f5e7410de7-1\" data-toggle=\"tab\">Details<\/a><\/li>\r\n    <\/ul>\r\n     \r\n      <div class=\"tab-content\">\r\n      \r\n        <div class=\"tab-pane active\" id=\"pb-tabname0-eaaf66e3-6e5c-4fe3-a7f7-76f5e7410de7-1\">\r\n            <div data-category=\"\" data-niche=\"\" data-fieldset=\"default\" class=\" default\">\r\n<div class=\"has-padding-xsmall\"><\/div>\r\n              Spring Financial is one of the biggest alternative lenders in Canada, offering online personal loans you can use to consolidate debt. It has flexible loan amounts and loan terms. However, if you don't qualify for a debt consolidation loan, it may promote its credit builder loan instead.\r\n            <\/div>\r\n        <\/div>\r\n      \r\n      \r\n        <div class=\"tab-pane\" id=\"pb-tabname1-eaaf66e3-6e5c-4fe3-a7f7-76f5e7410de7-1\">\r\n            <div data-category=\"\" data-niche=\"\" data-fieldset=\"default\" class=\" default\">\r\n              <div class=\"has-padding-xsmall\"><\/div>\r\n              <div class=\"u-grid u-grid--gutterCollapse\" style=\"margin: 0px;\">\r\n              <div class=\"u-grid__col u-1\/2@m\">\r\n                \r\n                <ul class=\"list-1\">\r\n                \r\n                  <li>Seamless online application<\/li>\r\n                \r\n                  <li>Quick deposits within 24 to 48 hours of applying<\/li>\r\n                \r\n                  <li>High loan amounts of up to $35,000<\/li>\r\n                \r\n                  <li>Longer terms of up to 7 years, if needed<\/li>\r\n                \r\n                  <li>Bad credit loans available<\/li>\r\n                \r\n                <\/ul>\r\n              \r\n                <\/div>\r\n              <div class=\"u-grid__col u-1\/2@m\">\r\n              \r\n                <ul class=\"list-12\">\r\n                \r\n                  <li>Potential for high interest rates of up to 34.95% depending on your financial circumstances<\/li>\r\n                \r\n                <\/ul>\r\n              \r\n                <\/div>\r\n              <\/div>\r\n            <\/div>\r\n        <\/div>\r\n\r\n      \r\n        <div class=\"tab-pane\" id=\"pb-tabname2-eaaf66e3-6e5c-4fe3-a7f7-76f5e7410de7-1\">\r\n            <div data-category=\"\" data-niche=\"\" data-fieldset=\"default\" class=\" default\">\r\n\r\n<table class=\"luna-table\" style=\"border: 0px;\">\r\n  <tbody class=\"luna-table__body\">\r\n    <tr>\r\n     <th class=\"u-1\/3@m\"><span style=\"font-size: 15px; font-weight: 500; color: #6c7881; position: relative;\">Loan Amount<\/span><\/th>\r\n     <td class=\"i_infobox_data product_infobox_data\"><span style=\"font-size: 15px; font-weight: 600; position: relative;\">$500 \u2013 $35,000\r\n      <\/span>\r\n    <\/td>\r\n  <\/tr>\r\n    <tr>\r\n     <th class=\"u-1\/3@m\"><span style=\"font-size: 15px; font-weight: 500; color: #6c7881; position: relative;\">APR Range<\/span><\/th>\r\n     <td class=\"i_infobox_data product_infobox_data\"><span style=\"font-size: 15px; font-weight: 600; position: relative;\">9.99% \u2013 34.95%\r\n      <\/span>\r\n    <\/td>\r\n  <\/tr>\r\n    <tr>\r\n     <th class=\"u-1\/3@m\"><span style=\"font-size: 15px; font-weight: 500; color: #6c7881; position: relative;\">Loan Term<\/span><\/th>\r\n     <td class=\"i_infobox_data product_infobox_data\"><span style=\"font-size: 15px; font-weight: 600; position: relative;\">6 - 84 months<\/span>\r\n    <\/td>\r\n  <\/tr>\r\n       \r\n    <tr>\r\n     <th class=\"u-1\/3@m\"><span style=\"font-size: 15px; font-weight: 500; color: #6c7881; position: relative;\">Serviced Provinces\/Territories<\/span><\/th>\r\n     <td class=\"i_infobox_data product_infobox_data\"><span style=\"font-size: 15px; font-weight: 600; position: relative;\">All of Canada<\/span>\r\n    <\/td>\r\n  <\/tr>\r\n\r\n    \r\n    <tr>\r\n     <th class=\"u-1\/3@m\"><span style=\"font-size: 15px; font-weight: 500; color: #6c7881; position: relative;\">Turnaround Time<\/span><\/th>\r\n     <td class=\"i_infobox_data product_infobox_data\"><span style=\"font-size: 15px; font-weight: 600; position: relative;\">Within 24 hours<\/span>\r\n    <\/td>\r\n  <\/tr>\r\n\r\n\r\n    <tr>\r\n     <th class=\"u-1\/3@m\"><span style=\"font-size: 15px; font-weight: 500; color: #6c7881; position: relative;\">Min. Credit Score<\/span><\/th>\r\n     <td class=\"i_infobox_data product_infobox_data\"><span style=\"font-size: 15px; font-weight: 600; position: relative;\">550<\/span>\r\n    <\/td>\r\n  <\/tr>\r\n   \r\n\r\n    <tr>\r\n     <th class=\"u-1\/3@m\"><span style=\"font-size: 15px; font-weight: 500; color: #6c7881; position: relative;\">Fees<\/span><\/th>\r\n     <td class=\"i_infobox_data product_infobox_data\"><span style=\"font-size: 15px; font-weight: 600; position: relative;\">No fees except a $30 NSF fee<\/span>\r\n    <\/td>\r\n  <\/tr>\r\n\r\n    \r\n    <tr>\r\n     <th class=\"u-1\/3@m\"><span style=\"font-size: 15px; font-weight: 500; color: #6c7881; position: relative;\">Requirements<\/span><\/th>\r\n     <td class=\"i_infobox_data product_infobox_data\"><span style=\"font-size: 15px; font-weight: 600; position: relative;\">Min. income of $2,000, min. credit score of 550, 3+ months employed<\/span>\r\n    <\/td>\r\n  <\/tr>\r\n\r\n  <\/tbody>\r\n<\/table>\r\n\r\n<\/div>\r\n<\/div>       \r\n<\/div>\r\n<\/div>\r\n\r\n  <\/div>\r\n  <\/div> \r\n<\/div>\r\n<\/article>\r\n\r\n<style>\r\n.no-cta-button {\r\n  font-weight: bold;\r\n  font-size: 18px;\r\n  color: #00ba9c;\r\n  text-decoration: underline;\r\n  text-align: center;\r\n  margin-top: 0 !important;\r\n  width: 100%;\r\n}\r\n\r\n.no-cta-button:hover {\r\n  color: #4dceb9;\r\n}\r\n<\/style>\r\n\r\n\r\n  \r\n<style>\r\n.scoreCombined.finder-score::before {\r\n  display: none;\r\n}\r\n\r\n.score__container {\r\n    display: flex;\r\n    width: 100%;\r\n    flex-direction: column;\r\n    flex-flow: nowrap;\r\n    font-size: 18px;\r\n}\r\n\r\n.score__badge {\r\n    border-radius: 100px 16px 100px 100px;\r\n    border: none;\r\n    display: flex;\r\n    justify-content: center;\r\n    align-items: center;\r\n    height: 2.2rem;\r\n    width: 2.2rem;\r\n    background-image: linear-gradient(\r\n        45deg,\r\n        transparent 25%,\r\n        rgba(255, 255, 255, 0.2) 50%,\r\n        transparent 75%,\r\n        transparent 100%\r\n    );\r\n    background-size: 250% 250%, 100% 100%;\r\n    background-position: -100% 0, 0 0;\r\n    background-repeat: no-repeat;\r\n}\r\n\r\n.score__badge--excellent {\r\n    background-color: rgb(25, 105, 232);\r\n    box-shadow: rgba(18, 85, 208, 0.3) 0px 1.125px 6.75px 0px,\r\n        rgba(255, 255, 255, 0.25) 0px 4.5px 4.5px 0px inset,\r\n        rgba(255, 255, 255, 0.25) 0px 2.25px 0px 0px inset,\r\n        rgba(0, 0, 0, 0.2) 0px 0px 0px 1.125px inset,\r\n        rgb(25, 105, 232) 0px -2.25px 0px 0px inset;\r\n}\r\n\r\n.score__badge--great {\r\n    background-color: rgb(0, 120, 40);\r\n    box-shadow: rgba(18, 85, 208, 0.3) 0px 1.125px 6.75px 0px,\r\n        rgba(255, 255, 255, 0.25) 0px 4.5px 4.5px 0px inset,\r\n        rgba(255, 255, 255, 0.25) 0px 2.25px 0px 0px inset,\r\n        rgba(0, 0, 0, 0.2) 0px 0px 0px 1.125px inset,\r\n        rgb(0, 120, 40) 0px -2.25px 0px 0px inset;\r\n}\r\n\r\n.score__badge--standard {\r\n    background-color: rgb(231, 185, 11);\r\n    box-shadow: rgba(18, 85, 208, 0.3) 0px 1.125px 6.75px 0px,\r\n        rgba(255, 255, 255, 0.25) 0px 4.5px 4.5px 0px inset,\r\n        rgba(255, 255, 255, 0.25) 0px 2.25px 0px 0px inset,\r\n        rgba(0, 0, 0, 0.2) 0px 0px 0px 1.125px inset,\r\n        rgb(231, 185, 11) 0px -2.25px 0px 0px inset;\r\n}\r\n.score__badge--basic {\r\n    background-color: rgb(240, 88, 0);\r\n    box-shadow: rgba(18, 85, 208, 0.3) 0px 1.125px 6.75px 0px,\r\n        rgba(255, 255, 255, 0.25) 0px 4.5px 4.5px 0px inset,\r\n        rgba(255, 255, 255, 0.25) 0px 2.25px 0px 0px inset,\r\n        rgba(0, 0, 0, 0.2) 0px 0px 0px 1.125px inset,\r\n        rgb(240, 88, 0) 0px -2.25px 0px 0px inset;\r\n}\r\n.score__badge:hover {\r\n    animation: shine-effect 1.5s ease;\r\n}\r\n\r\n@keyframes shine-effect {\r\n    0% {\r\n        background-position: -100% 0, 0 0;\r\n    }\r\n\r\n    100% {\r\n        background-position: 200% 0, 0 0;\r\n    }\r\n}\r\n\r\n.score__value {\r\n    color: white;\r\n    font-weight: 700;\r\n}\r\n\r\n.score__text-wrapper-cards {\r\n    border: none;\r\n    align-items: center;\r\n    display: flex;\r\n    background-color: rgb(240 247 255);\r\n    padding: 0.25rem 0 0.25rem 0.875rem;\r\n    border-radius: 0 999px 999px 0;\r\n    margin-left: -0.375rem;\r\n    top: -4px;\r\n    width: 100%;\r\n    width: auto;\r\n    padding-right: 15px !important;\r\n}\r\n\r\n.score__text {\r\n    font-weight: 500;\r\n    font-size: 16px;\r\nwhite-space: nowrap;\r\n}\r\n.scoreCombined {\r\n    text-decoration: none;\r\n}\r\na.scoreCombined,\r\na.scoreCombined:hover {\r\n    text-decoration: none;\r\n}\r\n.score__text--excellent {\r\n    background-color: rgb(240 247 255);\r\n    color: rgb(18 85 208);\r\n}\r\n.score__text--great {\r\n    background-color: rgb(240 251 246);\r\n    color: rgb(0 120 40);\r\n}\r\n.score__text--standard {\r\n    background-color: rgb(255 251 227);\r\n    color: rgb(161 98 7);\r\n    padding-right: 0px;\r\n}\r\n.score__text--basic {\r\n    background-color: rgb(255, 234, 227);\r\n    color: rgb(240, 88, 0);\r\n    padding-right: 0px;\r\n}\r\n\r\ntable div[class*=\"methodology-partial\"] {\r\n    display:none;\r\n}\r\n\r\n<\/style><article class=\"luna-card luna-card--primary luna-card--border\">\n  <div class=\"luna-card__block\" style=\"padding:0.7em\">\n<span style=\"font-size:0.9em; font-weight: 800; font-style: italic; text-transform: uppercase;\">Related: <\/span><a href=\"https:\/\/www.finder.com\/ca\/personal-loans\/debt-consolidation-loans\/best-debt-consolidation-loans\" style=\"text-decoration:underline; font-size:0.9em;\">Best debt consolidation loans in Canada<\/a>\n<\/div>\n<\/article><h4><strong>6. Cosigned loans<\/strong><\/h4><p>If you\u2019re having trouble getting approved for a loan on your own, consider asking a family member with a higher income and solid credit score to <a href=\"https:\/\/www.finder.com\/ca\/personal-loans\/personal-loans-with-cosigners\" rel=\"noopener noreferrer\">cosign for you on the loan.<\/a> A cosigner can also help you get more favourable loan terms or qualify for a higher loan amount. But keep in mind that a cosigner is tied to your loan, so if you default on your loan, your cosigner\u2019s credit score will also take a hit and they will be required to cover your payments.<\/p><h4><strong>7. Car loans<\/strong><\/h4><p>If you\u2019re looking to purchase a new or used vehicle, you can get <a href=\"https:\/\/www.finder.com\/ca\/car-loans\">a car loan<\/a>. These types of loans offer competitive interest rates because the vehicle you purchase is used as collateral.<article class=\"luna-card luna-card--border\">\r\n<div class=\"luna-card__block\">\r\n\r\n\r\n<div class=\"u-grid u-grid--alignTop\">\r\n<div class=\"u-grid__col u-1\/4@m\" style=\"padding-bottom: 0px;\">\r\n <center><img decoding=\"async\" data-src=\"https:\/\/www.finder.com\/niche-builder\/67c8b89a3e503.png\" class=\"lazy-load\" alt=\"CarsFast Car Loans\" src=\"https:\/\/www.finder.com\/niche-builder\/67c8b89a3e503.png\" style=\"width: 100%; max-width: 200px;\" srcset=\"https:\/\/www.finder.com\/niche-builder\/67c8b89a3e503.png?fit=180 180w, https:\/\/www.finder.com\/niche-builder\/67c8b89a3e503.png?fit=360 360w, https:\/\/www.finder.com\/niche-builder\/67c8b89a3e503.png?fit=600 600w\" sizes=\"(max-width: 600px) 100vw, 600px\" loading=\"lazy\"><\/center>\r\n <center><\/center>\r\n      \r\n              \r\n<center>\r\n<div class=\"detail-info 5ba47813-dec4-4734-8778-bfa4edb45aab\" style=\"cursor: pointer; z-index: 1;position: relative; margin-bottom: 1rem; display: inline-flex;\">\r\n  \r\n\r\n    \r\n      \r\n    \r\n    <a class=\"scoreCombined score__container finder-score\">\r\n      <span class=\"score__badge score__badge--great\">\r\n        <span class=\"score__value\">8.8<\/span>\r\n      <\/span>\r\n      <span class=\"score__text-wrapper score__text score__text--great\">\r\n        Great\r\n      <\/span>\r\n    <\/a>\r\n  \r\n<\/div>    \r\n  <\/center>\r\n  \r\n  <a class=\"luna-button luna-button--success luna-button--fluid has-margin-top-xsmall\" href=\"https:\/\/www.finder.com\/redirect\/ca\/car-loans\/carsfast-lendingarch-ca-car-loan-secure.html?nb=1&amp;src_country=ca&amp;redirect_tracking_params=%7B%22placement_type%22%3A%22nb-product%22%2C%22product_id%22%3A%225ba47813-dec4-4734-8778-bfa4edb45aab%22%2C%22product_name%22%3A%22CarsFast%2BCar%2BLoans%22%2C%22offer_id%22%3A%2216112%22%2C%22decorator%22%3A%22CAFCL.PRODUCT.CAFCL_PRODUCT_DISPLAY%22%2C%22niche_code%22%3A%22CAFCL%22%2C%22post_id%22%3A%22745506%22%2C%22post_path%22%3A%22personal-loans%252Fretired-loans%22%2C%22post_country%22%3A%22ca%22%7D\" target=\"_blank\" type=\"button\">Go to site<\/a>\r\n<a class=\"luna-button luna-button--action luna-button--ghost luna-button--fluid\" href=\"https:\/\/www.finder.com\/ca\/car-loans\/carsfast-car-loan\" role=\"button\">Read review<\/a>\r\n<\/div>\r\n<div class=\"u-grid__col u-3\/4@m\" style=\"padding-bottom: 0px;\">\r\n<h4 id=\"5ba47813-dec4-4734-8778-bfa4edb45aab\" class=\"luna-card__title\" style=\"padding-bottom: 10px; font-size: 20px;\">Our pick for car loan: CarsFast Car Loans<\/h4>\r\n\r\n\r\n<div class=\"u-grid u-grid--alignMiddle\">\r\n  <div class=\"u-grid__col u-1\/3@m u-1\/2\" style=\"padding-bottom: 0px;\">\r\n    <span style=\"font-size: 20px; font-weight: 900; color: #1D53FF;\">$500 \u2013 $75,000\r\n      \r\n    <\/span>\r\n    <br>\r\n    <span style=\"font-size: 15px; font-weight: 500; color: #6c7881; position: relative; top: -8px;\">Loan amount<\/span>\r\n  <\/div>\r\n  <div class=\"u-grid__col u-1\/3@m u-1\/2\" style=\"padding-bottom: 0px;\">\r\n    <span style=\"font-size: 20px; font-weight: 900; color: #1D53FF;\">3.9% \u2013 29.9%\r\n      \r\n    <\/span>\r\n    <br>\r\n    <span style=\"font-size: 15px; font-weight: 500; color: #6c7881; position: relative; top: -8px;\">APR<\/span>\r\n  <\/div>\r\n  <div class=\"u-grid__col u-1\/3@m u-1\/2\" style=\"padding-bottom: 0px;\">\r\n    <span style=\"font-size: 20px; font-weight: 900; color: #1D53FF;\">12 - 96 months\r\n\r\n    <\/span>\r\n    <br>\r\n    <span style=\"font-size: 15px; font-weight: 500; color: #6c7881; position: relative; top: -8px;\">Term<\/span>\r\n  <\/div>\r\n<\/div>  \r\n\r\n\r\n\r\n      <div class=\"has-overflow-auto luna-tabs\" style=\"margin: 0rem;\">\r\n    <ul class=\"luna-tabs__list\">\r\n        <li class=\"active luna-tab\"><a class=\"luna-tab__action\" href=\"#pb-tabname0-5ba47813-dec4-4734-8778-bfa4edb45aab\" data-toggle=\"tab\">Info<\/a><\/li>\r\n      \r\n        <li class=\"luna-tab\"><a class=\"luna-tab__action\" href=\"#pb-tabname1-5ba47813-dec4-4734-8778-bfa4edb45aab\" data-toggle=\"tab\">Features<\/a><\/li>\r\n\r\n        <li class=\"luna-tab\"><a class=\"luna-tab__action\" href=\"#pb-tabname2-5ba47813-dec4-4734-8778-bfa4edb45aab\" data-toggle=\"tab\">Details<\/a><\/li>\r\n    <\/ul>\r\n     \r\n      <div class=\"tab-content\">\r\n      \r\n        <div class=\"tab-pane active\" id=\"pb-tabname0-5ba47813-dec4-4734-8778-bfa4edb45aab\">\r\n            <div data-category=\"\" data-niche=\"\" data-fieldset=\"default\" class=\" default\">\r\n<div class=\"has-padding-xsmall\"><\/div>\r\n              Browse thousands of vehicles from dealers across Canada with CarsFast and get matched with financing that meets your needs, and purchase a new or used vehicle and get it delivered to your door.\r\n            <\/div>\r\n        <\/div>\r\n      \r\n      \r\n        <div class=\"tab-pane\" id=\"pb-tabname1-5ba47813-dec4-4734-8778-bfa4edb45aab\">\r\n            <div data-category=\"\" data-niche=\"\" data-fieldset=\"default\" class=\" default\">\r\n              <div class=\"has-padding-xsmall\"><\/div>\r\n              <div class=\"u-grid u-grid--gutterCollapse\" style=\"margin: 0px;\">\r\n              <div class=\"u-grid__col u-1\/2@m\">\r\n                \r\n                <ul class=\"list-1\">\r\n                \r\n                  <li>Easy application<\/li>\r\n                \r\n                  <li>Multiple lenders<\/li>\r\n                \r\n                  <li>Quick financing<\/li>\r\n                \r\n                  <li>No collateral required<\/li>\r\n                \r\n                  <li>Long terms<\/li>\r\n                \r\n                  <li>Bad credit doesn't matter<\/li>\r\n                \r\n                  <li>Available across Canada<\/li>\r\n                \r\n                <\/ul>\r\n              \r\n                <\/div>\r\n              <div class=\"u-grid__col u-1\/2@m\">\r\n              \r\n                <ul class=\"list-12\">\r\n                \r\n                  <li>No posted interest rates<\/li>\r\n                \r\n                  <li>High interest rates for bad credit<\/li>\r\n                \r\n                <\/ul>\r\n              \r\n                <\/div>\r\n              <\/div>\r\n            <\/div>\r\n        <\/div>\r\n\r\n      \r\n        <div class=\"tab-pane\" id=\"pb-tabname2-5ba47813-dec4-4734-8778-bfa4edb45aab\">\r\n            <div data-category=\"\" data-niche=\"\" data-fieldset=\"default\" class=\" default\">\r\n\r\n<table class=\"luna-table\" style=\"border: 0px;\">\r\n  <tbody class=\"luna-table__body\">\r\n      <tr>\r\n     <th class=\"u-1\/3@m\"><span style=\"font-size: 15px; font-weight: 500; color: #6c7881; position: relative;\">APR<\/span><\/th>\r\n     <td class=\"i_infobox_data product_infobox_data\"><span style=\"font-size: 15px; font-weight: 600; position: relative;\">3.9% \u2013 29.9%\r\n      <\/span>\r\n    <\/td>\r\n  <\/tr>\r\n    <tr>\r\n     <th class=\"u-1\/3@m\"><span style=\"font-size: 15px; font-weight: 500; color: #6c7881; position: relative;\">Loan Amount<\/span><\/th>\r\n     <td class=\"i_infobox_data product_infobox_data\"><span style=\"font-size: 15px; font-weight: 600; position: relative;\">$500 \u2013 $75,000\r\n      <\/span>\r\n    <\/td>\r\n  <\/tr>\r\n    \r\n    <tr>\r\n     <th class=\"u-1\/3@m\"><span style=\"font-size: 15px; font-weight: 500; color: #6c7881; position: relative;\">Loan Term<\/span><\/th>\r\n     <td class=\"i_infobox_data product_infobox_data\"><span style=\"font-size: 15px; font-weight: 600; position: relative;\">12 - 96 months<\/span>\r\n    <\/td>\r\n  <\/tr>\r\n    \r\n        \r\n    <tr>\r\n     <th class=\"u-1\/3@m\"><span style=\"font-size: 15px; font-weight: 500; color: #6c7881; position: relative;\">Serviced Provinces\/Territories<\/span><\/th>\r\n     <td class=\"i_infobox_data product_infobox_data\"><span style=\"font-size: 15px; font-weight: 600; position: relative;\">Across Canada<\/span>\r\n    <\/td>\r\n  <\/tr>\r\n\r\n    \r\n    <tr>\r\n     <th class=\"u-1\/3@m\"><span style=\"font-size: 15px; font-weight: 500; color: #6c7881; position: relative;\">Turnaround Time<\/span><\/th>\r\n     <td class=\"i_infobox_data product_infobox_data\"><span style=\"font-size: 15px; font-weight: 600; position: relative;\">Get pre-approved in less than 60 seconds.<\/span>\r\n    <\/td>\r\n  <\/tr>\r\n\r\n\r\n    <tr>\r\n     <th class=\"u-1\/3@m\"><span style=\"font-size: 15px; font-weight: 500; color: #6c7881; position: relative;\">Requirements<\/span><\/th>\r\n     <td class=\"i_infobox_data product_infobox_data\"><span style=\"font-size: 15px; font-weight: 600; position: relative;\">Min. income of $2,000 \/month, 3+ months employed<\/span>\r\n    <\/td>\r\n  <\/tr>\r\n\r\n<\/tbody>\r\n<\/table>\r\n\r\n<\/div>\r\n<\/div>       \r\n<\/div>\r\n<\/div>\r\n\r\n  <\/div>\r\n  <\/div> \r\n<\/div>\r\n<\/article>\r\n\r\n<style>\r\n.no-cta-button {\r\n  font-weight: bold;\r\n  font-size: 18px;\r\n  color: #00ba9c;\r\n  text-decoration: underline;\r\n  text-align: center;\r\n  margin-top: 0 !important;\r\n  width: 100%;\r\n}\r\n\r\n.no-cta-button:hover {\r\n  color: #4dceb9;\r\n}\r\n<\/style>\r\n\r\n\r\n  \r\n<style>\r\n.scoreCombined.finder-score::before {\r\n  display: none;\r\n}\r\n\r\n.score__container {\r\n    display: flex;\r\n    width: 100%;\r\n    flex-direction: column;\r\n    flex-flow: nowrap;\r\n    font-size: 18px;\r\n}\r\n\r\n.score__badge {\r\n    border-radius: 100px 16px 100px 100px;\r\n    border: none;\r\n    display: flex;\r\n    justify-content: center;\r\n    align-items: center;\r\n    height: 2.2rem;\r\n    width: 2.2rem;\r\n    background-image: linear-gradient(\r\n        45deg,\r\n        transparent 25%,\r\n        rgba(255, 255, 255, 0.2) 50%,\r\n        transparent 75%,\r\n        transparent 100%\r\n    );\r\n    background-size: 250% 250%, 100% 100%;\r\n    background-position: -100% 0, 0 0;\r\n    background-repeat: no-repeat;\r\n}\r\n\r\n.score__badge--excellent {\r\n    background-color: rgb(25, 105, 232);\r\n    box-shadow: rgba(18, 85, 208, 0.3) 0px 1.125px 6.75px 0px,\r\n        rgba(255, 255, 255, 0.25) 0px 4.5px 4.5px 0px inset,\r\n        rgba(255, 255, 255, 0.25) 0px 2.25px 0px 0px inset,\r\n        rgba(0, 0, 0, 0.2) 0px 0px 0px 1.125px inset,\r\n        rgb(25, 105, 232) 0px -2.25px 0px 0px inset;\r\n}\r\n\r\n.score__badge--great {\r\n    background-color: rgb(0, 120, 40);\r\n    box-shadow: rgba(18, 85, 208, 0.3) 0px 1.125px 6.75px 0px,\r\n        rgba(255, 255, 255, 0.25) 0px 4.5px 4.5px 0px inset,\r\n        rgba(255, 255, 255, 0.25) 0px 2.25px 0px 0px inset,\r\n        rgba(0, 0, 0, 0.2) 0px 0px 0px 1.125px inset,\r\n        rgb(0, 120, 40) 0px -2.25px 0px 0px inset;\r\n}\r\n\r\n.score__badge--standard {\r\n    background-color: rgb(231, 185, 11);\r\n    box-shadow: rgba(18, 85, 208, 0.3) 0px 1.125px 6.75px 0px,\r\n        rgba(255, 255, 255, 0.25) 0px 4.5px 4.5px 0px inset,\r\n        rgba(255, 255, 255, 0.25) 0px 2.25px 0px 0px inset,\r\n        rgba(0, 0, 0, 0.2) 0px 0px 0px 1.125px inset,\r\n        rgb(231, 185, 11) 0px -2.25px 0px 0px inset;\r\n}\r\n.score__badge--basic {\r\n    background-color: rgb(240, 88, 0);\r\n    box-shadow: rgba(18, 85, 208, 0.3) 0px 1.125px 6.75px 0px,\r\n        rgba(255, 255, 255, 0.25) 0px 4.5px 4.5px 0px inset,\r\n        rgba(255, 255, 255, 0.25) 0px 2.25px 0px 0px inset,\r\n        rgba(0, 0, 0, 0.2) 0px 0px 0px 1.125px inset,\r\n        rgb(240, 88, 0) 0px -2.25px 0px 0px inset;\r\n}\r\n.score__badge:hover {\r\n    animation: shine-effect 1.5s ease;\r\n}\r\n\r\n@keyframes shine-effect {\r\n    0% {\r\n        background-position: -100% 0, 0 0;\r\n    }\r\n\r\n    100% {\r\n        background-position: 200% 0, 0 0;\r\n    }\r\n}\r\n\r\n.score__value {\r\n    color: white;\r\n    font-weight: 700;\r\n}\r\n\r\n.score__text-wrapper-cards {\r\n    border: none;\r\n    align-items: center;\r\n    display: flex;\r\n    background-color: rgb(240 247 255);\r\n    padding: 0.25rem 0 0.25rem 0.875rem;\r\n    border-radius: 0 999px 999px 0;\r\n    margin-left: -0.375rem;\r\n    top: -4px;\r\n    width: 100%;\r\n    width: auto;\r\n    padding-right: 15px !important;\r\n}\r\n\r\n.score__text {\r\n    font-weight: 500;\r\n    font-size: 16px;\r\nwhite-space: nowrap;\r\n}\r\n.scoreCombined {\r\n    text-decoration: none;\r\n}\r\na.scoreCombined,\r\na.scoreCombined:hover {\r\n    text-decoration: none;\r\n}\r\n.score__text--excellent {\r\n    background-color: rgb(240 247 255);\r\n    color: rgb(18 85 208);\r\n}\r\n.score__text--great {\r\n    background-color: rgb(240 251 246);\r\n    color: rgb(0 120 40);\r\n}\r\n.score__text--standard {\r\n    background-color: rgb(255 251 227);\r\n    color: rgb(161 98 7);\r\n    padding-right: 0px;\r\n}\r\n.score__text--basic {\r\n    background-color: rgb(255, 234, 227);\r\n    color: rgb(240, 88, 0);\r\n    padding-right: 0px;\r\n}\r\n\r\ntable div[class*=\"methodology-partial\"] {\r\n    display:none;\r\n}\r\n\r\n<\/style><article class=\"luna-card luna-card--primary luna-card--border\">\n  <div class=\"luna-card__block\" style=\"padding:0.7em\">\n<span style=\"font-size:0.9em; font-weight: 800; font-style: italic; text-transform: uppercase;\">Related: <\/span><a href=\"https:\/\/www.finder.com\/ca\/car-loans\/best-car-loans\" style=\"text-decoration:underline; font-size:0.9em;\">Best car loans in Canada<\/a>\n<\/div>\n<\/article><\/p><h4><strong>8. Reverse mortgages<\/strong><\/h4><p>A reverse mortgage is a loan where you borrow money using your home equity. Instead of a traditional mortgage where you make payments to the lender, the lender makes payments to you based on a percentage of your home\u2019s value. Over time your debt increases as the lender buys more of your home\u2019s value. You continue to own the home, but the moment you move out, sell it, default on the loan or pass away, the loan needs to be repaid. The lender sells the home to get back the money that was paid to you, and whatever is left goes to you or your heirs.<\/p><p>Two financial institutions offer reverse mortgages in Canada: HomeEquity Bank and Equitable Bank. To be eligible, you must be a homeowner and at least 55 years old.<\/p><h4 id=\"payday\"><strong>9. Payday loans<\/strong><\/h4><p>A payday loan is a small amount of money you borrow that needs to be repaid by your next \u201cpayday\u201d. Payday loans, whether you are retired or not, are extremely expensive and should only be a last resort. They also have different regulations depending on which province you live in.<\/p><div class=\"box\">\r\n  <h5 class=\"box-title\" id=\"financial-hardship\">\u26a0\ufe0f  Warning: Be cautious with payday loans<\/h5>\n<span style=\"font-size: 11pt\">High-cost payday loans are unsustainable for long-term use, with up to $14 charged per $100 borrowed. If you're experiencing financial hardship, call <a href=\"https:\/\/nomoredebts.org\">Credit Counselling Society<\/a> for free financial counselling (Mon\u2013Fri, 8am\u20135pm at 1-888-527-8999). Also consider <a href=\"https:\/\/www.finder.com\/ca\/payday-loans\/payday-loan-alternatives\" target=\"_blank\" rel=\"noopener\">payday loan alternatives<\/a>.<\/span>\r\n<\/div><article class=\"luna-card luna-card--border\">\r\n<div class=\"luna-card__block\">\r\n\r\n\r\n<div class=\"u-grid u-grid--alignTop\">\r\n<div class=\"u-grid__col u-1\/4@m\" style=\"padding-bottom: 0px;\">\r\n <center><img decoding=\"async\" data-src=\"https:\/\/www.finder.com\/niche-builder\/65203e72ed5b2.png\" class=\"lazy-load\" alt=\"iCash Payday Loan\" src=\"https:\/\/www.finder.com\/niche-builder\/65203e72ed5b2.png\" style=\"width: 100%; max-width: 200px;\" srcset=\"https:\/\/www.finder.com\/niche-builder\/65203e72ed5b2.png?fit=180 180w, https:\/\/www.finder.com\/niche-builder\/65203e72ed5b2.png?fit=360 360w, https:\/\/www.finder.com\/niche-builder\/65203e72ed5b2.png?fit=600 600w\" sizes=\"(max-width: 600px) 100vw, 600px\" loading=\"lazy\"><\/center>\r\n<a class=\"luna-button luna-button--success luna-button--fluid has-margin-top-xsmall\" href=\"https:\/\/www.finder.com\/redirect\/ca\/payday-loans\/icash-ca-payday-loans-secure.html?nb=1&amp;src_country=ca&amp;redirect_tracking_params=%7B%22placement_type%22%3A%22nb-product%22%2C%22product_id%22%3A%22a7a72c04-1457-4a88-9c8c-39ec48a66f0e%22%2C%22product_name%22%3A%22iCash%2BPayday%2BLoan%22%2C%22offer_id%22%3A%2218691%22%2C%22decorator%22%3A%22CAFSL.PRODUCT.MISC_PRODUCT_DISPLAY%22%2C%22niche_code%22%3A%22CAFSL%22%2C%22post_id%22%3A%22745506%22%2C%22post_path%22%3A%22personal-loans%252Fretired-loans%22%2C%22post_country%22%3A%22ca%22%7D\" target=\"_blank\" type=\"button\">Go to site<\/a>\r\n<a class=\"luna-button luna-button--action luna-button--ghost luna-button--fluid\" href=\"https:\/\/www.finder.com\/ca\/payday-loans\/icash-payday-loans-review\" role=\"button\">Read review<\/a>\r\n<\/div>\r\n<div class=\"u-grid__col u-3\/4@m\" style=\"padding-bottom: 0px;\">\r\n   <div class=\"has-padding-xxsmall\"><\/div>  \r\n<h4 id=\"a7a72c04-1457-4a88-9c8c-39ec48a66f0e\" class=\"luna-card__title\" style=\"padding-bottom: 10px; font-size: 20px;\">Our pick for payday loan: iCash Payday Loan<\/h4>\r\n\r\n\r\n<div class=\"u-grid u-grid--alignMiddle\">\r\n  <div class=\"u-grid__col u-1\/3@m u-1\/2\" style=\"padding-bottom: 0px;\">\r\n    <span style=\"font-size: 25px; font-weight: 900; color: #1D53FF;\">$100 \u2013 $1,500\r\n      \r\n    <\/span>\r\n    <br>\r\n    <span style=\"font-size: 15px; font-weight: 500; color: #6c7881; position: relative; top: -8px;\">Loan amount<\/span>\r\n  <\/div>\r\n  <div class=\"u-grid__col u-1\/3@m u-1\/2\" style=\"padding-bottom: 0px;\">\r\n    <span style=\"font-size: 25px; font-weight: 900; color: #1D53FF;\">7 \u2013 62 days\r\n      \r\n    <\/span>\r\n    <br>\r\n    <span style=\"font-size: 15px; font-weight: 500; color: #6c7881; position: relative; top: -8px;\">Loan term<\/span>\r\n  <\/div>\r\n  <div class=\"u-grid__col u-1\/3@m u-1\/2\" style=\"padding-bottom: 0px;\">\r\n    <span style=\"font-size: 25px; font-weight: 900; color: #1D53FF;\">2 minutes\r\n\r\n    <\/span>\r\n    <br>\r\n    <span style=\"font-size: 15px; font-weight: 500; color: #6c7881; position: relative; top: -8px;\">Min. turnaround time<\/span>\r\n  <\/div>\r\n<\/div>  \r\n\r\n\r\n\r\n      <div class=\"has-overflow-auto luna-tabs\" style=\"margin: 0rem;\">\r\n    <ul class=\"luna-tabs__list\">\r\n        <li class=\"active luna-tab\"><a class=\"luna-tab__action\" href=\"#pb-tabname0-a7a72c04-1457-4a88-9c8c-39ec48a66f0e\" data-toggle=\"tab\">Info<\/a><\/li>\r\n      \r\n        <li class=\"luna-tab\"><a class=\"luna-tab__action\" href=\"#pb-tabname1-a7a72c04-1457-4a88-9c8c-39ec48a66f0e\" data-toggle=\"tab\">Pros + Cons<\/a><\/li>\r\n\r\n        <li class=\"luna-tab\"><a class=\"luna-tab__action\" href=\"#pb-tabname2-a7a72c04-1457-4a88-9c8c-39ec48a66f0e\" data-toggle=\"tab\">Details<\/a><\/li>\r\n    <\/ul>\r\n     \r\n      <div class=\"tab-content\">\r\n      \r\n        <div class=\"tab-pane active\" id=\"pb-tabname0-a7a72c04-1457-4a88-9c8c-39ec48a66f0e\">\r\n            <div data-category=\"\" data-niche=\"\" data-fieldset=\"default\" class=\" default\">\r\n<div class=\"has-padding-xsmall\"><\/div>\r\n              iCash is one of the most popular payday lenders in Canada. It offers instant loans 24\/7 and has flexible eligibility requirements.\r\n            <\/div>\r\n        <\/div>\r\n      \r\n      \r\n        <div class=\"tab-pane\" id=\"pb-tabname1-a7a72c04-1457-4a88-9c8c-39ec48a66f0e\">\r\n            <div data-category=\"\" data-niche=\"\" data-fieldset=\"default\" class=\" default\">\r\n              <div class=\"has-padding-xsmall\"><\/div>\r\n              <div class=\"u-grid u-grid--gutterCollapse\" style=\"margin: 0px;\">\r\n              <div class=\"u-grid__col u-1\/2@m\">\r\n                \r\n                <ul class=\"list-1\">\r\n                \r\n                  <li>Easy online application process<\/li>\r\n                \r\n                  <li>Fast approvals<\/li>\r\n                \r\n                  <li>Choose between direct deposit or Interac e-Transfer<\/li>\r\n                \r\n                  <li>Approves consumers with bad credit or no credit<\/li>\r\n                \r\n                  <li>Available in AB, BC, MB, NB, NS, ON, PEI<\/li>\r\n                \r\n                <\/ul>\r\n              \r\n                <\/div>\r\n              <div class=\"u-grid__col u-1\/2@m\">\r\n              \r\n                <ul class=\"list-12\">\r\n                \r\n                  <li>High interest rates<\/li>\r\n                \r\n                  <li>Short repayment terms<\/li>\r\n                \r\n                <\/ul>\r\n              \r\n                <\/div>\r\n              <\/div>\r\n            <\/div>\r\n        <\/div>\r\n\r\n      \r\n        <div class=\"tab-pane\" id=\"pb-tabname2-a7a72c04-1457-4a88-9c8c-39ec48a66f0e\">\r\n            <div data-category=\"\" data-niche=\"\" data-fieldset=\"default\" class=\" default\">\r\n\r\n<table class=\"luna-table\" style=\"border: 0px;\">\r\n  <tbody class=\"luna-table__body\">\r\n    <tr>\r\n     <th class=\"u-1\/3@m\"><span style=\"font-size: 15px; font-weight: 500; color: #6c7881; position: relative;\">Loan Amount<\/span><\/th>\r\n     <td class=\"i_infobox_data product_infobox_data\"><span style=\"font-size: 15px; font-weight: 600; position: relative;\">$100 \u2013 $1,500\r\n      <\/span>\r\n    <\/td>\r\n  <\/tr>\r\n        \r\n        <tr>\r\n     <th class=\"u-1\/3@m\"><span style=\"font-size: 15px; font-weight: 500; color: #6c7881; position: relative;\">Loan Term<\/span><\/th>\r\n     <td class=\"i_infobox_data product_infobox_data\"><span style=\"font-size: 15px; font-weight: 600; position: relative;\">7 - 62 days<\/span>\r\n    <\/td>\r\n  <\/tr>\r\n    \r\n        \r\n    <tr>\r\n     <th class=\"u-1\/3@m\"><span style=\"font-size: 15px; font-weight: 500; color: #6c7881; position: relative;\">Cost<\/span><\/th>\r\n     <td class=\"i_infobox_data product_infobox_data\"><span style=\"font-size: 15px; font-weight: 600; position:c relative;\">$14 per $100 borrowed<\/span>\r\n    <\/td>\r\n  <\/tr>\r\n\r\n    \r\n    <tr>\r\n     <th class=\"u-1\/3@m\"><span style=\"font-size: 15px; font-weight: 500; color: #6c7881; position: relative;\">Serviced Provinces<\/span><\/th>\r\n     <td class=\"i_infobox_data product_infobox_data\"><span style=\"font-size: 15px; font-weight: 600; position: relative;\">AB, BC, MB, NB, NS, ON, PEI<\/span>\r\n    <\/td>\r\n  <\/tr>\r\n\r\n\r\n    <tr>\r\n     <th class=\"u-1\/3@m\"><span style=\"font-size: 15px; font-weight: 500; color: #6c7881; position: relative;\">Speed<\/span><\/th>\r\n     <td class=\"i_infobox_data product_infobox_data\"><span style=\"font-size: 15px; font-weight: 600; position: relative;\">As little as 2 minutes with Interac e-Transfer<\/span>\r\n    <\/td>\r\n  <\/tr>\r\n\r\n\r\n    <tr>\r\n     <th class=\"u-1\/3@m\"><span style=\"font-size: 15px; font-weight: 500; color: #6c7881; position: relative;\">Credit Check<\/span><\/th>\r\n     <td class=\"i_infobox_data product_infobox_data\"><span style=\"font-size: 15px; font-weight: 600; position: relative;\">Yes<\/span>\r\n    <\/td>\r\n  <\/tr>\r\n\r\n    \r\n    <tr>\r\n     <th class=\"u-1\/3@m\"><span style=\"font-size: 15px; font-weight: 500; color: #6c7881; position: relative;\">Requirements<\/span><\/th>\r\n     <td class=\"i_infobox_data product_infobox_data\"><span style=\"font-size: 15px; font-weight: 600; position: relative;\">- At least 18 years old (for applicants in Alberta, Manitoba, Ontario and PEI)<br>- At least 19 years old (for applicants in British Columbia, New Brunswick and Nova Scotia)<br>- Canadian resident in a province that iCASH services<br>- Valid cell phone number, address and email address<br>- Net income of at least $800\/month deposited into bank account <br>- Receiving the same source of income for the past 3 months<br>- Have a Canadian bank account that's been open for at least 3 months with online banking<\/span>\r\n    <\/td>\r\n  <\/tr>\r\n\r\n  <\/tbody>\r\n<\/table>\r\n\r\n<\/div>\r\n<\/div>       \r\n<\/div>\r\n<\/div>\r\n\r\n  <\/div>\r\n  <\/div> \r\n<\/div>\r\n<\/article>\r\n\r\n<style>\r\n.no-cta-button {\r\n  font-weight: bold;\r\n  font-size: 18px;\r\n  color: #00ba9c;\r\n  text-decoration: underline;\r\n  text-align: center;\r\n  margin-top: 0 !important;\r\n  width: 100%;\r\n}\r\n\r\n.no-cta-button:hover {\r\n  color: #4dceb9;\r\n}\r\n<\/style><h3>What types of retirement situations do lenders look at?<\/h3><p>When you borrow money as a retiree, having a form of income is necessary since you have to be able to prove that you can pay back the loan. Lenders want to see that you can comfortably pay back your loan and still pay for necessities in life such as food, housing and utilities.<\/p><ul class=\"list-7\"><li><strong>Self-funded retirees. <\/strong>If you earn income from investments, such as rental properties or a private pension, you\u2019re a self-funded retiree. When applying for a loan, make sure you have as much proof of your assets and income as possible to prove to the lender you\u2019ll be able to manage the loan repayments.<\/li><li><strong>Retirees receiving Canada Pension Plan (CPP) and Old Age Security (OAS). <\/strong>Be sure to check the eligibility criteria of the lender \u2013 not all consider CPP and OAS as a form of income. Having a private pension on top of CPP and OAS will help prove that you can manage repayments.<\/li><li><strong>Retirees who work part-time. <\/strong>If you have steady employment \u2013 even if it\u2019s only part-time \u2013 this income will be considered by lenders. Remember minimum income criteria may apply, so check this before submitting your application.<\/li><\/ul><h3>Questions to ask yourself before applying for a loan<\/h3><ul class=\"luna-accordionGroup accordionGroup\"><li class=\"luna-accordion\" data-accordion=\"accordion\">\n  <div class=\"luna-accordion__summary\">\n    <h4 class=\"luna-accordion__heading\">\n      <button class=\"luna-accordion__action collapsed\" aria-expanded=\"false\" aria-controls=\"accordion0000000000\" data-toggle=\"collapse\" data-target=\"#accordion0000000000\">\n        <span class=\"luna-accordion__title\">What is the interest rate?<\/span>\n        <svg class=\"luna-icon\" aria-hidden=\"true\">\n          <use xlink:href=\"#chevron-down\" data-accordion-icon=\"show\"><\/use>\n          <use xlink:href=\"#chevron-up\" data-accordion-icon=\"hide\" class=\"is-hidden\"><\/use>\n        <\/svg>\n      <\/button>\n    <\/h4>\n  <\/div>\n  <div class=\"luna-accordion__details collapse\" aria-hidden=\"true\" id=\"accordion0000000000\" data-accordion=\"details\">\n    <div class=\"accordionContent\"><p>To find out the true cost of a loan, look at the annual percentage rate (APR). The APR is the combination of the interest rate and financing fees expressed as a yearly cost. Some lenders might advertise their monthly rate instead of the annual rate.<\/p><\/div>\n  <\/div>\n<\/li><li class=\"luna-accordion\" data-accordion=\"accordion\">\n  <div class=\"luna-accordion__summary\">\n    <h4 class=\"luna-accordion__heading\">\n      <button class=\"luna-accordion__action collapsed\" aria-expanded=\"false\" aria-controls=\"accordion0000000001\" data-toggle=\"collapse\" data-target=\"#accordion0000000001\">\n        <span class=\"luna-accordion__title\">What is the loan term?<\/span>\n        <svg class=\"luna-icon\" aria-hidden=\"true\">\n          <use xlink:href=\"#chevron-down\" data-accordion-icon=\"show\"><\/use>\n          <use xlink:href=\"#chevron-up\" data-accordion-icon=\"hide\" class=\"is-hidden\"><\/use>\n        <\/svg>\n      <\/button>\n    <\/h4>\n  <\/div>\n  <div class=\"luna-accordion__details collapse\" aria-hidden=\"true\" id=\"accordion0000000001\" data-accordion=\"details\">\n    <div class=\"accordionContent\"><p>The longer the loan term, the more interest you\u2019ll pay. Your goal is to get the shortest loan term possible, but at the same time, you don\u2019t want the term to be so short that you can no longer afford the payments.<\/p><\/div>\n  <\/div>\n<\/li><li class=\"luna-accordion\" data-accordion=\"accordion\">\n  <div class=\"luna-accordion__summary\">\n    <h4 class=\"luna-accordion__heading\">\n      <button class=\"luna-accordion__action collapsed\" aria-expanded=\"false\" aria-controls=\"accordion0000000002\" data-toggle=\"collapse\" data-target=\"#accordion0000000002\">\n        <span class=\"luna-accordion__title\">Do I meet the eligibility requirements?<\/span>\n        <svg class=\"luna-icon\" aria-hidden=\"true\">\n          <use xlink:href=\"#chevron-down\" data-accordion-icon=\"show\"><\/use>\n          <use xlink:href=\"#chevron-up\" data-accordion-icon=\"hide\" class=\"is-hidden\"><\/use>\n        <\/svg>\n      <\/button>\n    <\/h4>\n  <\/div>\n  <div class=\"luna-accordion__details collapse\" aria-hidden=\"true\" id=\"accordion0000000002\" data-accordion=\"details\">\n    <div class=\"accordionContent\"><p>Lenders often list their eligibility criteria. To save time and to save your credit score from taking a dip, only apply for loans where you meet the requirements.<\/p><\/div>\n  <\/div>\n<\/li><li class=\"luna-accordion\" data-accordion=\"accordion\">\n  <div class=\"luna-accordion__summary\">\n    <h4 class=\"luna-accordion__heading\">\n      <button class=\"luna-accordion__action collapsed\" aria-expanded=\"false\" aria-controls=\"accordion0000000003\" data-toggle=\"collapse\" data-target=\"#accordion0000000003\">\n        <span class=\"luna-accordion__title\">Are there extra fees?<\/span>\n        <svg class=\"luna-icon\" aria-hidden=\"true\">\n          <use xlink:href=\"#chevron-down\" data-accordion-icon=\"show\"><\/use>\n          <use xlink:href=\"#chevron-up\" data-accordion-icon=\"hide\" class=\"is-hidden\"><\/use>\n        <\/svg>\n      <\/button>\n    <\/h4>\n  <\/div>\n  <div class=\"luna-accordion__details collapse\" aria-hidden=\"true\" id=\"accordion0000000003\" data-accordion=\"details\">\n    <div class=\"accordionContent\"><p>Fees can include an origination fee (fee to process your loan), NSF fees and prepayment penalties.<\/p><\/div>\n  <\/div>\n<\/li><li class=\"luna-accordion\" data-accordion=\"accordion\">\n  <div class=\"luna-accordion__summary\">\n    <h4 class=\"luna-accordion__heading\">\n      <button class=\"luna-accordion__action collapsed\" aria-expanded=\"false\" aria-controls=\"accordion0000000004\" data-toggle=\"collapse\" data-target=\"#accordion0000000004\">\n        <span class=\"luna-accordion__title\">Is there repayment flexibility?<\/span>\n        <svg class=\"luna-icon\" aria-hidden=\"true\">\n          <use xlink:href=\"#chevron-down\" data-accordion-icon=\"show\"><\/use>\n          <use xlink:href=\"#chevron-up\" data-accordion-icon=\"hide\" class=\"is-hidden\"><\/use>\n        <\/svg>\n      <\/button>\n    <\/h4>\n  <\/div>\n  <div class=\"luna-accordion__details collapse\" aria-hidden=\"true\" id=\"accordion0000000004\" data-accordion=\"details\">\n    <div class=\"accordionContent\"><p>Some lenders let you choose the frequency of your payments or even pay off your loan at any time without penalty.<\/p><\/div>\n  <\/div>\n<\/li><li class=\"luna-accordion\" data-accordion=\"accordion\">\n  <div class=\"luna-accordion__summary\">\n    <h4 class=\"luna-accordion__heading\">\n      <button class=\"luna-accordion__action collapsed\" aria-expanded=\"false\" aria-controls=\"accordion0000000005\" data-toggle=\"collapse\" data-target=\"#accordion0000000005\">\n        <span class=\"luna-accordion__title\">What is the reputation of the lender?<\/span>\n        <svg class=\"luna-icon\" aria-hidden=\"true\">\n          <use xlink:href=\"#chevron-down\" data-accordion-icon=\"show\"><\/use>\n          <use xlink:href=\"#chevron-up\" data-accordion-icon=\"hide\" class=\"is-hidden\"><\/use>\n        <\/svg>\n      <\/button>\n    <\/h4>\n  <\/div>\n  <div class=\"luna-accordion__details collapse\" aria-hidden=\"true\" id=\"accordion0000000005\" data-accordion=\"details\">\n    <div class=\"accordionContent\"><p>Not all lenders are the same. Check third-party reviews to see what other applicants or clients have to say about the lender.<\/p><\/div>\n  <\/div>\n<\/li><li class=\"luna-accordion\" data-accordion=\"accordion\">\n  <div class=\"luna-accordion__summary\">\n    <h4 class=\"luna-accordion__heading\">\n      <button class=\"luna-accordion__action collapsed\" aria-expanded=\"false\" aria-controls=\"accordion0000000006\" data-toggle=\"collapse\" data-target=\"#accordion0000000006\">\n        <span class=\"luna-accordion__title\">Can I afford the loan?<\/span>\n        <svg class=\"luna-icon\" aria-hidden=\"true\">\n          <use xlink:href=\"#chevron-down\" data-accordion-icon=\"show\"><\/use>\n          <use xlink:href=\"#chevron-up\" data-accordion-icon=\"hide\" class=\"is-hidden\"><\/use>\n        <\/svg>\n      <\/button>\n    <\/h4>\n  <\/div>\n  <div class=\"luna-accordion__details collapse\" aria-hidden=\"true\" id=\"accordion0000000006\" data-accordion=\"details\">\n    <div class=\"accordionContent\"><p>Your loan amount, interest rate and loan term determine how high or low your repayments will be. Use our personal loan monthly payment calculator below to get an idea of how much the loan might cost you.<\/p><\/div>\n  <\/div>\n<\/li><\/ul><div class=\"monthlyRepayment_calculator_wrapper\">\n\t<div class=\"calc-header-outer\">\n\t<div class=\"calc-header-container\">\n\t\t<h3 class=\"calc-header\">Calculate your personal loan monthly payment<\/h3>\n\t\t<span>Calculate how much you could expect to pay each month<\/span>\n\t<\/div>\n\t<\/div>\n\t<div class=\"u-grid\">\n\t\t<div class=\"u-grid__col u-grid__col u-1\/2@s calc-separator\">\n\t\t\t<table class=\"monthlyRepayment_calc-table\">\n\t\t\t\t<thead>\n\t\t\t\t\t<tr>\n\t\t\t\t\t\t<th scope=\"col\" class=\"calc-subheader\">\n\t\t\t\t\t\t\t<div class=\"calc-subheader-text\">Your loan<\/div>\n\t\t\t\t\t\t<\/th>\n\t\t\t\t\t<\/tr>\n\t\t\t\t<\/thead>\n\t\t\t\t<tbody>\n\t\t\t\t\t<tr>\n\t\t\t\t\t\t<th scope=\"col\" class=\"padding-top-small\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\tLoan amount\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/th>\n\t\t\t\t\t<\/tr>\n\t\t\t\t\t<tr>\n\t\t\t\t\t\t<td>\n\t\t\t\t\t\t\t<div class=\"luna-affix affix-padded\">\n\t\t\t\t\t\t\t\t<span class=\"luna-affix__label\">$<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<input data-id=\"0000000000\" type=\"number\" min=\"0\" class=\"luna-input calc-input monthlyLoan_amount\" title=\"Enter the loan amount you want to borrow\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t<\/tr>\n\t\t\t\t\t<tr>\n\t\t\t\t\t\t<th scope=\"col\">Loan terms (in years)<\/th>\n\t\t\t\t\t<\/tr>\n\t\t\t\t\t<tr>\n\t\t\t\t\t\t<td>\n\t\t\t\t\t\t\t<div class=\"luna-affix affix-padded\">\n\t\t\t\t\t\t\t\t<input data-id=\"0000000000\" type=\"number\" min=\"0\" class=\"luna-input calc-input monthlyLoan_term\" title=\"Enter the number of years of your loan\">\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t<\/tr>\n\t\t\t\t\t<tr>\n\t\t\t\t\t\t<th scope=\"col\">Interest rate<\/th>\n\t\t\t\t\t<\/tr>\n\t\t\t\t\t<tr>\n\t\t\t\t\t\t<td>\n\t\t\t\t\t\t\t<div class=\"luna-affix affix-padded\">\n\t\t\t\t\t\t\t\t<input data-id=\"0000000000\" type=\"number\" min=\"0\" step=\"0.1\" class=\"luna-input calc-input monthlyLoan_interest\" title=\"Enter the annual interest rate of your loan\">\n\t\t\t\t\t\t\t\t<span class=\"luna-affix__label\">%<\/span>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t<\/tr>\n\t\t\t\t<\/tbody>\n\t\t\t<\/table>\n\t\t\t<div class=\"button_wrapper\">\n\t\t\t\t<a class=\"luna-button luna-button--primary calc-button\" data-id=\"0000000000\" data-variant=\"loanAmount\">Calculate<\/a>\n\t\t\t<\/div>\n\t\t<\/div>\n\t\t<div class=\"u-grid__col u-grid__col u-1\/2@s\">\n\t\t\t<div class=\"monthlyRepayment_directions\" data-id=\"0000000000\">\n\t\t\t\t<h4 class=\"directions\">Fill out the form and click on \u201cCalculate\u201d to see your\n\t\t\t\t\t\t\t\t\t\t\t<strong>estimated monthly payment.<\/strong>\n\t\t\t\t\t\t\t\t\t<\/h4>\n\t\t\t\t<p class=\"margin-top-small\">or<\/p>\n\t\t\t\t<a class=\"luna-button luna-button--action luna-button--large\" href=\"#compare\" target=\"_self\" rel=\"noopener\">Compare personal loans<\/a>\n\t\t\t<\/div>\n\t\t\t<div class=\"savings-div monthlyRepayment_savings-div\" data-id=\"0000000000\">\n\t\t\t\t\t\t\t\t\tYou can expect to pay back\n\t\t\t\t\t<span class=\"monthlyCost_value\">\n\t\t\t\t\t\t$<span class=\"monthlyCost_cost\" data-id=\"0000000000\"><\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\tper month\n\t\t\t\t\n\t\t\t\t<h5>Based on your loan terms<\/h5>\n\t\t\t\t<table class=\"luna-table monthlyCost_breakdown\">\n\t\t\t\t\t<tbody class=\"luna-table__body\">\n\t\t\t\t\t\t<tr>\n\t\t\t\t\t\t\t<th scope=\"row\">Principal<\/th>\n\t\t\t\t\t\t\t<td class=\"luna-table__numeric\">$<span class=\"monthlyCost_loanAmount\" data-id=\"0000000000\"><\/span>\n\t\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<\/tr>\n\t\t\t\t\t\t<tr>\n\t\t\t\t\t\t\t<th scope=\"row\">Interest<\/th>\n\t\t\t\t\t\t\t<td class=\"luna-table__numeric\">$<span class=\"monthlyCost_interest\" data-id=\"0000000000\"><\/span>\n\t\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<\/tr>\n\t\t\t\t\t\t<tr>\n\t\t\t\t\t\t\t<th scope=\"row\">Total Cost<\/th>\n\t\t\t\t\t\t\t<td class=\"luna-table__numeric\">$<span class=\"monthlyCost_totalCost\" data-id=\"0000000000\"><\/span>\n\t\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<\/tr>\n\t\t\t\t\t<\/tbody>\n\t\t\t\t<\/table>\n\t\t\t<\/div>\n\t\t<\/div>\n\t<\/div>\n<\/div>\n<h3>How to apply for a loan as a retiree<\/h3><p>Once you\u2019ve compared lenders that accept pension, OAS and\/or investment income as forms of acceptable income, you\u2019ll need to make sure you meet the other eligibility criteria. You\u2019ll also need to gather documents and then apply online.<\/p><ul class=\"luna-accordionGroup accordionGroup\"><li class=\"luna-accordion\" data-accordion=\"accordion\">\n  <div class=\"luna-accordion__summary\">\n    <h4 class=\"luna-accordion__heading\">\n      <button class=\"luna-accordion__action collapsed\" aria-expanded=\"false\" aria-controls=\"accordion0000000007\" data-toggle=\"collapse\" data-target=\"#accordion0000000007\">\n        <span class=\"luna-accordion__title\">Eligibility criteria<\/span>\n        <svg class=\"luna-icon\" aria-hidden=\"true\">\n          <use xlink:href=\"#chevron-down\" data-accordion-icon=\"show\"><\/use>\n          <use xlink:href=\"#chevron-up\" data-accordion-icon=\"hide\" class=\"is-hidden\"><\/use>\n        <\/svg>\n      <\/button>\n    <\/h4>\n  <\/div>\n  <div class=\"luna-accordion__details collapse\" aria-hidden=\"true\" id=\"accordion0000000007\" data-accordion=\"details\">\n    <div class=\"accordionContent\"><p>Eligibility criteria vary among lenders. Below are some basic requirements:<\/p><ul class=\"list-1\"><li>Be a Canadian citizen or a permanent resident.<\/li><li>Have a permanent address.<\/li><li>Be at least 18 years of age or the age of majority in your province or territory.<\/li><li>Have a working bank account.<\/li><li>Meet the minimum income requirements.<\/li><li>Meet any minimum credit score requirements.<\/li><\/ul><\/div>\n  <\/div>\n<\/li><li class=\"luna-accordion\" data-accordion=\"accordion\">\n  <div class=\"luna-accordion__summary\">\n    <h4 class=\"luna-accordion__heading\">\n      <button class=\"luna-accordion__action collapsed\" aria-expanded=\"false\" aria-controls=\"accordion0000000008\" data-toggle=\"collapse\" data-target=\"#accordion0000000008\">\n        <span class=\"luna-accordion__title\">Required documents<\/span>\n        <svg class=\"luna-icon\" aria-hidden=\"true\">\n          <use xlink:href=\"#chevron-down\" data-accordion-icon=\"show\"><\/use>\n          <use xlink:href=\"#chevron-up\" data-accordion-icon=\"hide\" class=\"is-hidden\"><\/use>\n        <\/svg>\n      <\/button>\n    <\/h4>\n  <\/div>\n  <div class=\"luna-accordion__details collapse\" aria-hidden=\"true\" id=\"accordion0000000008\" data-accordion=\"details\">\n    <div class=\"accordionContent\"><ul class=\"list-1\"><li>Government-issued ID, such as your driver\u2019s licence or passport<\/li><li>Financial statements regarding your income<\/li><\/ul><\/div>\n  <\/div>\n<\/li><\/ul><h3>Can I get a loan as a senior with bad credit?<\/h3><p>If you\u2019re a retiree with poor credit, it\u2019s still possible to get a personal loan. Some lenders will only offer loans to those with bad credit up to a maximum amount, like $5,000, while others will offer more. Keep in mind you will often pay high interest rates with bad credit loans since you\u2019d be considered a riskier borrower. <a href=\"#compare\">Compare personal loans for bad credit.<\/a><\/p><h4>How to increase your chances of approval as a retiree with bad credit<\/h4><ul class=\"list-1\"><li><strong>Review the eligibility criteria. <\/strong>Before you apply for a loan, check if you meet the eligibility criteria. See whether the lender accepts the type of income you have, and look for things like minimum income and credit score.<\/li><li><strong>Consider a joint application or cosigner. <\/strong>If you don\u2019t meet the credit score requirements, consider applying with a cosigner or another applicant.<\/li><li><strong>Submit all necessary documents. <\/strong>Check what documents are needed and make sure you\u2019re able to submit everything that is required, such as your CPP or OAS statements.<\/li><\/ul><p style=\"text-align: center;\"><a class=\"scroll\" href=\"#compare\"><button class=\"btn btn-success\">Compare personal loans now<\/button><\/a><\/p><h3>Bottom line<\/h3><p>Even if you\u2019re no longer in the workforce, you can still apply for a loan as a retiree. Many lenders accept investment income, OAS, CPP and private pensions as forms of acceptable income, which means if you\u2019re able to make your loan repayments and you meet the other basic eligibility requirements, you could be approved for the funds.<\/p><p>Want to learn more about loans? Head to our <a href=\"https:\/\/www.finder.com\/ca\/personal-loans\" rel=\"noopener noreferrer\">personal loans guide here<\/a>.<\/p><h3>Frequently asked questions about getting loans for retired seniors<\/h3><ul class=\"luna-accordionGroup accordionGroup\"><li class=\"luna-accordion\" data-accordion=\"accordion\">\n  <div class=\"luna-accordion__summary\">\n    <h4 class=\"luna-accordion__heading\">\n      <button class=\"luna-accordion__action collapsed\" aria-expanded=\"false\" aria-controls=\"accordion0000000009\" data-toggle=\"collapse\" data-target=\"#accordion0000000009\">\n        <span class=\"luna-accordion__title\">Are there payday loans for retired people?<\/span>\n        <svg class=\"luna-icon\" aria-hidden=\"true\">\n          <use xlink:href=\"#chevron-down\" data-accordion-icon=\"show\"><\/use>\n          <use xlink:href=\"#chevron-up\" data-accordion-icon=\"hide\" class=\"is-hidden\"><\/use>\n        <\/svg>\n      <\/button>\n    <\/h4>\n  <\/div>\n  <div class=\"luna-accordion__details collapse\" aria-hidden=\"true\" id=\"accordion0000000009\" data-accordion=\"details\">\n    <div class=\"accordionContent\"><p>Yes, there are payday loans for retired people. Many payday loan lenders can accept non-employment income such as CPP and OAS. However, payday loans have an extremely high cost of borrowing. Only take out a payday loan as a last resort and only if you\u2019re certain you can repay it by your next \u201cpayday\u201d.<\/p><\/div>\n  <\/div>\n<\/li><li class=\"luna-accordion\" data-accordion=\"accordion\">\n  <div class=\"luna-accordion__summary\">\n    <h4 class=\"luna-accordion__heading\">\n      <button class=\"luna-accordion__action collapsed\" aria-expanded=\"false\" aria-controls=\"accordion0000000010\" data-toggle=\"collapse\" data-target=\"#accordion0000000010\">\n        <span class=\"luna-accordion__title\">How long does it take to complete a personal loan application?<\/span>\n        <svg class=\"luna-icon\" aria-hidden=\"true\">\n          <use xlink:href=\"#chevron-down\" data-accordion-icon=\"show\"><\/use>\n          <use xlink:href=\"#chevron-up\" data-accordion-icon=\"hide\" class=\"is-hidden\"><\/use>\n        <\/svg>\n      <\/button>\n    <\/h4>\n  <\/div>\n  <div class=\"luna-accordion__details collapse\" aria-hidden=\"true\" id=\"accordion0000000010\" data-accordion=\"details\">\n    <div class=\"accordionContent\"><p>Personal loan applications usually take around 10-15 minutes to complete if you have all of the necessary information on hand.<\/p><\/div>\n  <\/div>\n<\/li><li class=\"luna-accordion\" data-accordion=\"accordion\">\n  <div class=\"luna-accordion__summary\">\n    <h4 class=\"luna-accordion__heading\">\n      <button class=\"luna-accordion__action collapsed\" aria-expanded=\"false\" aria-controls=\"accordion0000000011\" data-toggle=\"collapse\" data-target=\"#accordion0000000011\">\n        <span class=\"luna-accordion__title\">Will applying for multiple loans hurt my credit score?<\/span>\n        <svg class=\"luna-icon\" aria-hidden=\"true\">\n          <use xlink:href=\"#chevron-down\" data-accordion-icon=\"show\"><\/use>\n          <use xlink:href=\"#chevron-up\" data-accordion-icon=\"hide\" class=\"is-hidden\"><\/use>\n        <\/svg>\n      <\/button>\n    <\/h4>\n  <\/div>\n  <div class=\"luna-accordion__details collapse\" aria-hidden=\"true\" id=\"accordion0000000011\" data-accordion=\"details\">\n    <div class=\"accordionContent\"><p>Yes. Personal loan applications are counted as hard inquiries on your credit report. Inquiries play a factor in your overall credit score, with each inquiry knocking around 5 points off your score. Lenders may also view too many inquiries as a red flag. To keep your credit in good standing and improve your chances of approval, limit the number of loan applications you submit to 1 or 2, and wait for an answer from lenders.<\/p><\/div>\n  <\/div>\n<\/li><li class=\"luna-accordion\" data-accordion=\"accordion\">\n  <div class=\"luna-accordion__summary\">\n    <h4 class=\"luna-accordion__heading\">\n      <button class=\"luna-accordion__action collapsed\" aria-expanded=\"false\" aria-controls=\"accordion0000000012\" data-toggle=\"collapse\" data-target=\"#accordion0000000012\">\n        <span class=\"luna-accordion__title\">What if I can't find the information I'm looking for on the lender's website?<\/span>\n        <svg class=\"luna-icon\" aria-hidden=\"true\">\n          <use xlink:href=\"#chevron-down\" data-accordion-icon=\"show\"><\/use>\n          <use xlink:href=\"#chevron-up\" data-accordion-icon=\"hide\" class=\"is-hidden\"><\/use>\n        <\/svg>\n      <\/button>\n    <\/h4>\n  <\/div>\n  <div class=\"luna-accordion__details collapse\" aria-hidden=\"true\" id=\"accordion0000000012\" data-accordion=\"details\">\n    <div class=\"accordionContent\"><p>Most lenders have customer service lines you can call to ask specific questions. Check their website for contact details. If you already have a loan with the lender, check your loan contract thoroughly and contact the lender if you still have questions.<\/p><\/div>\n  <\/div>\n<\/li><\/ul>","protected":false},"excerpt":{"rendered":"<p>If you&#8217;re a retiree and looking for a loan, there are lenders who may approve your application. Compare a range of loans for retirees here.<\/p>\n","protected":false},"author":452,"featured_media":745542,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"apple_news_api_created_at":"","apple_news_api_id":"","apple_news_api_modified_at":"","apple_news_api_revision":"","apple_news_api_share_url":"","apple_news_cover_media_provider":"image","apple_news_coverimage":0,"apple_news_coverimage_caption":"","apple_news_cover_video_id":0,"apple_news_cover_video_url":"","apple_news_cover_embedwebvideo_url":"","apple_news_is_hidden":"","apple_news_is_paid":"","apple_news_is_preview":"","apple_news_is_sponsored":"","apple_news_maturity_rating":"","apple_news_metadata":"\"\"","apple_news_pullquote":"","apple_news_pullquote_position":"","apple_news_slug":"","apple_news_sections":[],"apple_news_suppress_video_url":false,"apple_news_use_image_component":false,"footnotes":""},"categories":[407],"tags":[3343],"asset_tag":[],"class_list":["post-745506","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-personal-loans","tag-personal-loans-2"],"apple_news_notices":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v24.9 (Yoast SEO v24.9) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Loans for Seniors and Retirees in Canada | Finder Canada<\/title>\n<meta name=\"description\" content=\"Compare loans for seniors and retirees, including bad credit and short term loan options. 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