{"id":758074,"date":"2018-12-10T23:04:14","date_gmt":"2018-12-11T04:04:14","guid":{"rendered":""},"modified":"2025-10-27T15:06:28","modified_gmt":"2025-10-27T19:06:28","slug":"personal-loans-ontario","status":"publish","type":"post","link":"https:\/\/www.finder.com\/ca\/personal-loans\/personal-loans-ontario","title":{"rendered":"Private &#038; Traditional Personal Loan Lenders in Ontario"},"content":{"rendered":"<h3>Who are the best lenders in Ontario?<\/h3><h4>Banks and credit unions<\/h4><p>The following are the best banks and credit unions for personal loans in Ontario, based on our <a href=\"https:\/\/www.finder.com\/ca\/personal-loans\/personal-loans-rating-methodology\">methodology<\/a>:<\/p><ol><li><strong><a href=\"https:\/\/www.finder.com\/ca\/personal-loans\/cibc-personal-loans\">CIBC<\/a>. <\/strong>You can apply online and choose between a fixed and variable rate. Lower your rate by providing collateral.<\/li><li><strong>Innovation Federal Credit Union. <\/strong>It offers a completely online process, with approval in one business day. Rates start at 5.95%, which is competitive.<\/li><li><strong><a href=\"https:\/\/www.finder.com\/ca\/personal-loans\/bmo-personal-loans-review\">Bank of Montreal<\/a>. <\/strong>Personal loans are their most popular loan product. You can use the loan for whatever you need, such as home renovations, debt consolidation and investing.<\/li><\/ol><h4>Direct private lenders<\/h4><p>If you don&#8217;t qualify for a loan from a financial institution, private lenders are an option. Based on our methodology, some of the best direct private lenders in Ontario include <a href=\"https:\/\/www.finder.com\/ca\/personal-loans\/easy-financial\"><strong>easyfinancial<\/strong><\/a>, <a href=\"https:\/\/www.finder.com\/ca\/personal-loans\/spring-financial-personal-loan-review\"><strong>Spring Financial<\/strong><\/a> and <a href=\"https:\/\/www.finder.com\/ca\/personal-loans\/fairstone\"><strong>Fairstone<\/strong><\/a>. easyfinancial and Fairstone offer both secured and unsecured personal loans, while Spring mostly offers unsecured personal loans.<\/p><p>You can also apply to a loan search platform like <strong>Loans Canada<\/strong> or <strong>LoanConnect<\/strong> if you&#8217;d like to compare several offers.<\/p><h3>What personal loan rates should I expect in Ontario?<\/h3><p>Personal loan rates in Ontario go as high as 35%. The rate you&#8217;ll get will depend on many factors such as credit score, income, current debts, loan type and lender type.<\/p><h4>Financial institutions vs private lenders<\/h4><p>Banks (like BMO) and credit unions (like Kindred) have lower rates than online lenders on average, but they have stricter eligibility criteria. Rates start at 4.45%<span class=\"table-popover\" rel=\"popover\" data-content=\"Interest rates shown reflect the Annual Percentage Rate (APR) range currently advertised by the lender and are subject to change anytime, without notice. Finder does not guarantee that the figures shown will continue to be accurate or current. Figures shown are solely intended to be indicative and for general informational purposes only. Confirm the actual rates currently offered with the lender directly. Your exact rate, if any is offered to you, will be determined solely by the lender based on its assessment of your loan application, which is subject to the lender\u2019s terms and conditions and credit criteria.\" title=\"\" data-original-title=\"\"><\/span>.<\/p><p>Online private lenders (like easyfinancial and Spring Financial) have higher interest rates than banks and credit unions, but they have more flexible requirements. Rates start at 6.99%.<\/p><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;\">Dive deeper: <\/span><a href=\"https:\/\/www.finder.com\/ca\/personal-loans\/personal-loan-interest-rates-canada\" style=\"text-decoration:underline; font-size:0.9em;\">Personal loan interest rates in Canada<\/a>\n<\/div>\n<\/article><h3 dir=\"ltr\">How to get the best personal loan in Ontario<\/h3><p>You can take the following steps to find the best personal loans for your situation:<\/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=\"accordion0000000000\" data-toggle=\"collapse\" data-target=\"#accordion0000000000\">\n        <span class=\"luna-accordion__title\">Check your 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=\"accordion0000000000\" data-accordion=\"details\">\n    <div class=\"accordionContent\"><p><a href=\"https:\/\/www.finder.com\/ca\/credit-score\">Getting your credit score<\/a> will give you an idea of where to apply. Banks, credit unions and select online lenders offer personal loans only to people with good to excellent credit above 660. If your credit score is below 660, you have many options in online 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=\"accordion0000000001\" data-toggle=\"collapse\" data-target=\"#accordion0000000001\">\n        <span class=\"luna-accordion__title\">Compare loans and lenders<\/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>Consider factors like lenders&#8217; rates, fees, loan amounts, loan terms, speed, repayment flexibility and reputation.<\/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\">Get pre-approval<\/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>Get <a href=\"https:\/\/www.finder.com\/ca\/personal-loans\/personal-loan-pre-approval\">personal loan pre-approval<\/a> from your top choices so you can compare loan offers. Some lenders can give you a quote within minutes of applying without affecting your credit score.<\/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\">Submit 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=\"accordion0000000003\" data-accordion=\"details\">\n    <div class=\"accordionContent\"><p>Once you have your number one lender, complete the rest of the process by submitting documents it needs to verify your income and identity, such as bank statements and recent pay stubs. Your lender will do a hard credit check if it hasn&#8217;t already.<\/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\">Get your formal loan offer<\/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>If you&#8217;re approved, the lender will send you a contract. Review it carefully, taking into account the loan amount, loan term, payment schedule, interest rate and any other costs you may encounter.<\/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\">Submit your contract<\/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>Once you submit your signed contract, you&#8217;ll get your money via e-transfer or direct deposit.<\/p><\/div>\n  <\/div>\n<\/li><\/ul><h3>What are the types of personal loans?<\/h3><p>You can choose between a secured and unsecured personal loan as well as a fixed and variable rate.<\/p><h4>Secured vs unsecured loans<\/h4><ul><li><strong>Secured loans.<\/strong> Since <a href=\"https:\/\/www.finder.com\/ca\/personal-loans\/secured-loans-canada\">secured personal loans<\/a> have collateral, such as your house or car, they often have lower rates. If you default on your loan, your lender has the right to repossess your asset. How much you can borrow will depend on the asset you use as collateral.<\/li><li><strong>Unsecured loans.<\/strong> <a href=\"https:\/\/www.finder.com\/ca\/personal-loans\/unsecured-loans-canada\">Unsecured personal loans<\/a> often come with higher interest rates since they don&#8217;t involve any collateral. Your eligibility will be determined by your credit score and other personal factors.<\/li><\/ul><h4>Fixed-rate vs variable-rate loans<\/h4><ul><li><strong>Fixed-rate loans.<\/strong> With fixed-rate personal loans, you will lock in an interest rate at the beginning of your loan term so your repayments always stay the same.<\/li><li><strong>Variable-rate loans.<\/strong> Variable-rate personal loans generally come with lower starting annual percentage rates (APRs) compared to fixed rates. The catch? As the name suggests, variable-rate loans have fluctuating interest rates.<\/li><\/ul><h3>How to compare personal loans in Ontario<\/h3><h4><strong>Interest rates<\/strong><\/h4><p>People with good credit will pay lower interest rates compared to those with a bad credit history. Having a solid understanding of personal loan interest rates in Canada will help you pick the best loan offer.<\/p><h4><strong>Loan amounts<\/strong><\/h4><p>You can get a loan in Ontario as small as $500 and as large as $50,000.<\/p><h4><strong>Loan terms<\/strong><\/h4><p>Personal loans usually have loan terms between 3 and 60 months. Keep in mind that the longer your loan term, the more you&#8217;ll pay in interest.<\/p><h4><strong>Repayment flexibility<\/strong><\/h4><p>Find a lender that offers the payment frequency you need, whether that&#8217;s weekly, bi-weekly, semi-monthly or monthly. Also, find a lender that will not charge you penalties for making extra payments or paying off your loan early. Prepayment penalties are only common in personal loans secured by real estate.<\/p><h4><strong>Fees<\/strong><\/h4><p>In addition to prepayment penalties, look out for NSF fees ($25\u2013$50), late payment fees, origination\/set-up fees (0\u20135% of the loan amount) and loan insurance (an <strong>optional<\/strong> product).<\/p><h4><strong>Speed<\/strong><\/h4><p>Complete the process with online private lenders in one to three business days. Credit unions and banks, on the other hand, can take a few days to a few weeks.<\/p><h3>Am I eligible for personal loans?<\/h3><p>Whether you&#8217;re applying for a <a href=\"https:\/\/www.finder.com\/ca\/personal-loans\/3000-loans\">$3,000 loan<\/a> or <a href=\"https:\/\/www.finder.com\/ca\/personal-loans\/15000-loans\">$15,000 personal loan<\/a>, lenders follow a similar process in determining your eligibility. Here&#8217;s a look at five key areas to consider to help you put your best financial foot forward:<\/p><h4>Credit score<\/h4><p>Your credit score is put together based on factors like your debt payment history and credit utilization ratio. If you have good to excellent credit, you qualify for <a href=\"https:\/\/www.finder.com\/ca\/personal-loans\/low-interest-personal-loan\">low-interest personal loans<\/a>.<\/p><h4>Income<\/h4><p>Lenders require that you have a stable source of income to ensure you can keep up with the loan repayments. Lenders vary in their income requirements, but generally, you need a minimum of $1,200 to $1,800 per month.<\/p><h4>Employment<\/h4><p>Applications ask for your employment information because lenders want to find out whether you have the income to repay your loan. If you&#8217;re unemployed, some lenders accept applicants who receive government benefits or private pension. Your goal is to show lenders you can afford to repay the loan. <a href=\"https:\/\/www.finder.com\/ca\/personal-loans\/unemployed-loans\">Learn more about unemployment loans.<\/a><\/p><h4>Loan security<\/h4><p>Offering collateral to secure your loan increases your chances of approval.<\/p><h4>Debt-to-income ratio (DTI)<\/h4><p><a href=\"https:\/\/www.finder.com\/ca\/personal-loans\/debt-to-income-ratio\">DTI<\/a> is the percentage of your gross monthly income that goes towards your monthly debt payments, such as rent\/mortgage, car loan, student loan and credit card minimums. It does not include living expenses such as groceries, utility bills, cell phone bills and entertainment.<\/p><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\/short-term-loans-ontario\" style=\"text-decoration:underline; font-size:0.9em;\">Don't qualify for a personal loan? Check out short-term loans in Ontario<\/a>\n<\/div>\n<\/article><h3>Can I get personal loans in Ontario with bad credit?<\/h3><p>If you have bad credit, it&#8217;s possible to get a personal loan. Online lenders are the main source of <a href=\"https:\/\/www.finder.com\/ca\/personal-loans\/bad-credit-personal-loans\/bad-credit-loans-ontario\">bad credit loans in Ontario<\/a>. You can apply online, providing information such as your employment history, income and credit score, and you should hear back within the same day or the next day.<\/p><p>Bad credit loans will be expensive because lenders see borrowers with low credit scores as a higher risk of defaulting. Be sure to compare lenders&#8217; rates, fees and reputation.<\/p><p>If you&#8217;re experiencing financial hardship and struggling to get approved for any loan, <a href=\"https:\/\/www.finder.com\/ca\/personal-loans\/debt-consolidation-loans\/debt-relief-companies\">you may wish to consider debt relief<\/a>.<\/p><div class=\"did-you-know u-bg--sky-subtle u-rounded--lg\" data-component=\"did-you-know\">\n        <div class=\"did-you-know__block\">\n        <h4 class=\"did-you-know__title\">\n            <span class=\"did-you-know__title-icon\">\n                <svg width=\"32\" height=\"32\" viewbox=\"0 0 32 32\" fill=\"none\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\">\n                    <circle cx=\"16\" cy=\"16\" r=\"12\" fill=\"#00B2FF\"\/>\n                    <path d=\"M17.5 22.5C17.5 22.7967 17.412 23.0867 17.2472 23.3334C17.0824 23.58 16.8481 23.7723 16.574 23.8858C16.2999 23.9993 15.9983 24.0291 15.7074 23.9712C15.4164 23.9133 15.1491 23.7704 14.9393 23.5607C14.7296 23.3509 14.5867 23.0836 14.5288 22.7926C14.471 22.5017 14.5007 22.2001 14.6142 21.926C14.7277 21.6519 14.92 21.4176 15.1667 21.2528C15.4133 21.088 15.7033 21 16 21C16.3978 21 16.7794 21.158 17.0607 21.4393C17.342 21.7206 17.5 22.1022 17.5 22.5ZM16 9C13.2425 9 11 11.0188 11 13.5V14C11 14.2652 11.1054 14.5196 11.2929 14.7071C11.4804 14.8946 11.7348 15 12 15C12.2652 15 12.5196 14.8946 12.7071 14.7071C12.8946 14.5196 13 14.2652 13 14V13.5C13 12.125 14.3463 11 16 11C17.6538 11 19 12.125 19 13.5C19 14.875 17.6538 16 16 16C15.7348 16 15.4804 16.1054 15.2929 16.2929C15.1054 16.4804 15 16.7348 15 17V18C15 18.2652 15.1054 18.5196 15.2929 18.7071C15.4804 18.8946 15.7348 19 16 19C16.2652 19 16.5196 18.8946 16.7071 18.7071C16.8946 18.5196 17 18.2652 17 18V17.91C19.28 17.4913 21 15.6725 21 13.5C21 11.0188 18.7575 9 16 9ZM29 16C29 18.5712 28.2376 21.0846 26.8091 23.2224C25.3807 25.3603 23.3503 27.0265 20.9749 28.0104C18.5995 28.9944 15.9856 29.2518 13.4638 28.7502C10.9421 28.2486 8.6257 27.0105 6.80762 25.1924C4.98953 23.3743 3.75141 21.0579 3.2498 18.5362C2.74819 16.0144 3.00563 13.4006 3.98957 11.0251C4.97351 8.64968 6.63975 6.61935 8.77759 5.1909C10.9154 3.76244 13.4288 3 16 3C19.4467 3.00364 22.7512 4.37445 25.1884 6.81163C27.6256 9.24882 28.9964 12.5533 29 16ZM27 16C27 13.8244 26.3549 11.6977 25.1462 9.88873C23.9375 8.07979 22.2195 6.66989 20.2095 5.83733C18.1995 5.00476 15.9878 4.78692 13.854 5.21136C11.7202 5.6358 9.76021 6.68345 8.22183 8.22183C6.68345 9.7602 5.63581 11.7202 5.21137 13.854C4.78693 15.9878 5.00477 18.1995 5.83733 20.2095C6.66989 22.2195 8.07979 23.9375 9.88873 25.1462C11.6977 26.3549 13.8244 27 16 27C18.9164 26.9967 21.7123 25.8367 23.7745 23.7745C25.8367 21.7123 26.9967 18.9164 27 16Z\" fill=\"#232320\"\/>\n                <\/svg>\n            <\/span>\n            <span class=\"did-you-know__title-text\">Got bad credit? Increase your chances of approval with a cosigner<\/span>\n        <\/h4>\n        <div class=\"did-you-know__content\">\n            <p>If you have damaged credit, a cosigner can help, who is usually a family member or close friend. Rather than relying on your credit history alone, lenders take your cosigner&#8217;s finances into account too. Just make sure your cosigner knows what they&#8217;re committing to, because if you default on payments, they will have to pay on your behalf.<\/p>\n        <\/div>\n    <\/div>\n<\/div>\n<h3>How can I tell if a private lender in Ontario is legitimate?<\/h3><p>Borrowing online can be a lot more convenient than visiting a lender in person. But it also comes with a higher chance of borrowing from the wrong lender. Look for the following signs to make sure you&#8217;re working with someone legitimate:<\/p><ul><li><strong>Does not guarantee approval. <\/strong>Sites that promote guaranteed approval loans are either a scam, predatory or have fine print that actually doesn&#8217;t make the loan guaranteed. Reputable lenders are clear about their eligibility requirements and do not promise to approve everybody. <a href=\"https:\/\/www.finder.com\/ca\/personal-loans\/guaranteed-approval-loans-poor-credit\">Learn more about guaranteed approval loans.<\/a><\/li><li><strong>Has an established presence. <\/strong>Pick a lender that has a verified office address, phone number and email and has received a decent amount of reviews from customers.<\/li><li><strong>Does not ask for any upfront payment. <\/strong>If a lender asks you for any money before you access your loan, avoid it. This is a common scam.<\/li><li><strong>Doesn&#8217;t rush you. <\/strong>You may want to avoid lenders using high-pressure sales tactics to get you to sign a contract.<\/li><\/ul><p dir=\"ltr\"><div class=\"data-insight\" data-component=\"data-insight\" data-component-source=\"finder\" data-component-placement=\"in-content\"  data-click-target=\"\" >\n    <div class=\"data-insight__icon-container\">\n        <svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" fill=\"none\" class=\"data-insight__icon\" viewBox=\"0 0 80 81\">\n          <path fill=\"#00B2FF\" d=\"M25 66.5a30 30 0 1 0-11-11l-3.9 11.7a2.5 2.5 0 0 0 3.2 3.2l11.7-4Z\"\/>\n          <path fill=\"#232320\" fill-rule=\"evenodd\" d=\"M20.2 14.7a32.5 32.5 0 1 1 4.5 54.5l-10.6 3.5a5 5 0 0 1-6.3-6.3l3.5-10.6a32.5 32.5 0 0 1 9-41Zm21.6-1.6a27.5 27.5 0 0 0-25.6 41.2c.4.6.4 1.3.2 2L12.5 68l11.7-3.9c.7-.2 1.4-.2 2 .2a27.5 27.5 0 1 0 15.6-51.2Z\" clip-rule=\"evenodd\"\/>\n          <path fill=\"#fff\" d=\"M53.1 27.4h-8.7v26.2H53V27.4ZM44.4 34.9h-8.8v18.7h8.8V35Z\"\/>\n          <path fill=\"#fff\" d=\"M35.6 42.4H27v11.2h8.7V42.4Z\"\/>\n          <path fill=\"#232320\" fill-rule=\"evenodd\" d=\"M44.4 24.9a2.5 2.5 0 0 0-2.5 2.5v5h-6.3a2.5 2.5 0 0 0-2.5 2.5v5H27a2.5 2.5 0 0 0-2.5 2.5V51a2.5 2.5 0 0 0 0 5h31.2a2.5 2.5 0 0 0 0-5V27.4c0-1.4-1-2.5-2.5-2.5h-8.7ZM50.6 51V30H47V51h3.7Zm-8.7 0V37.4H38V51H42ZM29.4 45H33V51h-3.7V45Z\" clip-rule=\"evenodd\"\/>\n        <\/svg>\n    <\/div>\n    <div class=\"data-insight__body\">\n                    <div class=\"data-insight__heading\">Primary reasons for getting a personal loan<\/div>\n                <div class=\"data-insight__content\"><p>According to data released in the <em>Finder: Consumer Sentiment Survey Q3 2023<\/em>, the three biggest reasons why Canadians planned to get a personal\/installment loan were:<\/p><ol><li><strong>Pay for bills and everyday expenses (34%)<\/strong><\/li><li><strong>Pay off credit cards (31%)<\/strong><\/li><li><strong>Improve their home (24%)<\/strong><\/li><\/ol><p dir=\"ltr\"><\/div>\n                    <div class=\"data-insight__source\">\n                <span>\n                    <span class=\"data-insight__source-label\">Source:<\/span>\n                                            <span class=\"data-insight__source-name\">Finder Consumer Sentiment Survey Q3 2023<\/span>\n                                    <\/span>\n            <\/div>\n            <\/div>\n<\/div>\n<h3 data-toc=\"false\">Frequently asked questions<\/h3><ul class=\"luna-accordionGroup accordionGroup\">\n\t<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=\"faq-builder-0000000000\" data-toggle=\"collapse\" data-target=\"#faq-builder-0000000000\">\n                <span class=\"luna-accordion__title\">Are there personal loans with no credit checks in Ontario?<\/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=\"faq-builder-0000000000\" data-accordion=\"details\">\n        <div class=\"accordionContent\">\n            <div>\n                <p><p>Yes, there are some lenders that don't do credit checks for their personal loans, but you will get approved for lower loan amounts and at much higher rates. Be careful of where you apply, because scammers sometimes use the \"no credit check\" tagline to steal financial and personal information.<\/p><\/p>\n            <\/div>\n        <\/div>\n    <\/div>\n<\/li>\n<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=\"faq-builder-0000000001\" data-toggle=\"collapse\" data-target=\"#faq-builder-0000000001\">\n                <span class=\"luna-accordion__title\">Where can I find small loans in Ontario?<\/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=\"faq-builder-0000000001\" data-accordion=\"details\">\n        <div class=\"accordionContent\">\n            <div>\n                <p><p>This depends on how small the loan amount is. Banks and credit unions generally start at $2,000 to $5,000 for their personal loans, though you may find a local credit union that can finance a smaller amount. Online lenders generally start at $500 to $1,000.<\/p><\/p>\n            <\/div>\n        <\/div>\n    <\/div>\n<\/li>\n<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=\"faq-builder-0000000002\" data-toggle=\"collapse\" data-target=\"#faq-builder-0000000002\">\n                <span class=\"luna-accordion__title\">Can I get a personal loan in Ontario if I'm unemployed?<\/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=\"faq-builder-0000000002\" data-accordion=\"details\">\n        <div class=\"accordionContent\">\n            <div>\n                <p><p>It's possible if you have another source of income. However, it also depends on the lender. Some lenders accept government benefits and\/or private pension as a valid source of income, while others do not. <a href=\"https:\/\/www.finder.com\/ca\/personal-loans\/unemployed-loans\">Learn more about loans when you're unemployed.<\/a><\/p><\/p>\n            <\/div>\n        <\/div>\n    <\/div>\n<\/li>\n<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=\"faq-builder-0000000003\" data-toggle=\"collapse\" data-target=\"#faq-builder-0000000003\">\n                <span class=\"luna-accordion__title\">How long does it take to get approved?<\/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=\"faq-builder-0000000003\" data-accordion=\"details\">\n        <div class=\"accordionContent\">\n            <div>\n                <p><p>This depends on the lender. Online lenders can provide approval on the same day or the next day. Banks and credit unions can take a few days to a few weeks because they have stricter eligibility requirements.<\/p><\/p>\n            <\/div>\n        <\/div>\n    <\/div>\n<\/li>\n\n<\/ul>\n<div id=\"sources\" style=\"position: relative;\"><h3 style=\"position: absolute; width: 1px; height: 1px; padding: 0; margin: -1px; overflow: hidden; clip: rect(0,0,0,0); white-space: nowrap; border: 0;\">Sources<\/h3>\n<div id=\"lazy0000000004\"><\/div>\n<script type=\"application\/json\" id=\"lazyloaded-assets-json-lazy0000000004\" class=\"lazyloaded-assets-json\">{\"critical-scripts\":[],\"scripts\":[\"https:\\\/\\\/www.finder.com\\\/parent-theme\\\/shortcodes\\\/article-source\\\/prod\\\/article-source.de087a0da9824e407767.js\"],\"styles\":[\"https:\\\/\\\/www.finder.com\\\/parent-theme\\\/shortcodes\\\/article-source\\\/prod\\\/article-source.87684078d471e76125dd.css\"]}<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>Learn about your options for personal loans in Ontario and how to choose the right one for your needs.<\/p>\n","protected":false},"author":1000,"featured_media":1030841,"comment_status":"closed","ping_status":"closed","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,"nicheCode":"","productId":"","enableOptimizely":false,"_persistent_nav_menu_items":null,"blockTemplateId":"","_post_hreflang":"en","related_url":"\/personal-loans-ontario","workflow-intro":"","workflow-faq":"","workflow-conclusion":"","workflow-benefits":"","workflow-overview":"","workflow-test":"","footnotes":""},"categories":[407],"tags":[107302],"asset_tag":[],"class_list":["post-758074","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-personal-loans","tag-cst-research"],"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>Private &amp; Traditional Personal Loan Lenders in Ontario<\/title>\n<meta name=\"description\" content=\"Compare rates and terms of financial institutions and private loan lenders in Ontario and apply today to get your personal loan.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.finder.com\/ca\/personal-loans\/personal-loans-ontario\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Private &amp; Traditional Personal Loan Lenders in Ontario\" \/>\n<meta property=\"og:description\" content=\"Compare rates and terms of financial institutions and private loan lenders in Ontario and apply today to get your personal loan.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.finder.com\/ca\/personal-loans\/personal-loans-ontario\" \/>\n<meta property=\"og:site_name\" content=\"Finder Canada\" \/>\n<meta property=\"article:published_time\" content=\"2018-12-11T04:04:14+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cdn.finder.com.au\/finder-us\/wp-uploads\/sites\/5\/2018\/12\/Personal-Loans-Ontario_Finder_1800x1000.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1800\" \/>\n\t<meta property=\"og:image:height\" content=\"1000\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Leanne Escobal\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Leanne Escobal\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"11 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.finder.com\/ca\/personal-loans\/personal-loans-ontario#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.finder.com\/ca\/personal-loans\/personal-loans-ontario\"},\"author\":[{\"name\":\"Leanne Escobal\",\"@id\":\"https:\/\/www.finder.com\/ca\/#\/schema\/person\/9d47eeda06b879b07a813536f2068c72\"},{\"@id\":\"https:\/\/www.finder.com\/ca\/#\/schema\/person\/be4dc313d3aa52c4aa2b45df5c899a1e\"}],\"headline\":\"Private &#038; Traditional Personal Loan Lenders in Ontario\",\"datePublished\":\"2018-12-11T04:04:14+00:00\",\"dateModified\":\"2025-09-10T14:44:31+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.finder.com\/ca\/personal-loans\/personal-loans-ontario\"},\"wordCount\":2080,\"publisher\":{\"@id\":\"https:\/\/www.finder.com\/ca\/#organization\"},\"image\":{\"@id\":\"https:\/\/www.finder.com\/ca\/personal-loans\/personal-loans-ontario#primaryimage\"},\"thumbnailUrl\":\"https:\/\/cdn.finder.com.au\/finder-us\/wp-uploads\/sites\/5\/2018\/12\/Personal-Loans-Ontario_Finder_1800x1000.jpg\",\"articleSection\":[\"Personal Loans\"],\"inLanguage\":{\"@type\":\"Language\",\"name\":\"English\",\"alternateName\":\"en\"},\"citation\":[{\"@type\":\"CreativeWork\",\"name\":\"Financial Consumer Agency of Canada: Personal loans\",\"url\":\"https:\/\/www.canada.ca\/en\/financial-consumer-agency\/services\/loans\/personal-loans.html#toc3\"}],\"commentCount\":0},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.finder.com\/ca\/personal-loans\/personal-loans-ontario\",\"url\":\"https:\/\/www.finder.com\/ca\/personal-loans\/personal-loans-ontario\",\"name\":\"Private & Traditional Personal Loan Lenders in Ontario\",\"isPartOf\":{\"@id\":\"https:\/\/www.finder.com\/ca\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.finder.com\/ca\/personal-loans\/personal-loans-ontario#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.finder.com\/ca\/personal-loans\/personal-loans-ontario#primaryimage\"},\"thumbnailUrl\":\"https:\/\/cdn.finder.com.au\/finder-us\/wp-uploads\/sites\/5\/2018\/12\/Personal-Loans-Ontario_Finder_1800x1000.jpg\",\"datePublished\":\"2018-12-11T04:04:14+00:00\",\"dateModified\":\"2025-09-10T14:44:31+00:00\",\"description\":\"Compare rates and terms of financial institutions and private loan lenders in Ontario and apply today to get your personal loan.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.finder.com\/ca\/personal-loans\/personal-loans-ontario#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.finder.com\/ca\/personal-loans\/personal-loans-ontario\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.finder.com\/ca\/personal-loans\/personal-loans-ontario#primaryimage\",\"url\":\"https:\/\/cdn.finder.com.au\/finder-us\/wp-uploads\/sites\/5\/2018\/12\/Personal-Loans-Ontario_Finder_1800x1000.jpg\",\"contentUrl\":\"https:\/\/cdn.finder.com.au\/finder-us\/wp-uploads\/sites\/5\/2018\/12\/Personal-Loans-Ontario_Finder_1800x1000.jpg\",\"width\":1800,\"height\":1000},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.finder.com\/ca\/personal-loans\/personal-loans-ontario#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"CA\",\"item\":\"https:\/\/www.finder.com\/ca\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Personal Loans\",\"item\":\"https:\/\/www.finder.com\/ca\/personal-loans\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Private & Traditional Personal Loan Lenders in Ontario\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.finder.com\/ca\/#website\",\"url\":\"https:\/\/www.finder.com\/ca\/\",\"name\":\"Finder Canada\",\"description\":\"\",\"publisher\":{\"@id\":\"https:\/\/www.finder.com\/ca\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.finder.com\/ca\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/www.finder.com\/ca\/#organization\",\"name\":\"Finder\",\"url\":\"https:\/\/www.finder.com\/ca\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.finder.com\/ca\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2025\/05\/Finder-Logo-696x696-1.png\",\"contentUrl\":\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2025\/05\/Finder-Logo-696x696-1.png\",\"width\":1392,\"height\":1392,\"caption\":\"Finder\"},\"image\":{\"@id\":\"https:\/\/www.finder.com\/ca\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/en.wikipedia.org\/wiki\/Finder_(website)\"],\"description\":\"Every month more than 2 million unique visitors turn to Finder to save money and time, and to make important life choices. We compare everything from bank accounts, personal loans, investing platforms and much more.\",\"email\":\"heythere@finder.com\",\"legalName\":\"Finder\",\"foundingDate\":\"2006-01-01\",\"numberOfEmployees\":{\"@type\":\"QuantitativeValue\",\"minValue\":\"51\",\"maxValue\":\"200\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.finder.com\/ca\/#\/schema\/person\/9d47eeda06b879b07a813536f2068c72\",\"name\":\"Leanne Escobal\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.finder.com\/ca\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/cdn.finder.com.au\/finder-us\/wp-uploads\/2025\/12\/LeanneEscobalF1_Finder_600x600.png\",\"contentUrl\":\"https:\/\/cdn.finder.com.au\/finder-us\/wp-uploads\/2025\/12\/LeanneEscobalF1_Finder_600x600.png\",\"caption\":\"Leanne Escobal\"},\"description\":\"Leanne Escobal is a senior publisher at Finder with more than 13 years of experience in financial products and services, with a focus on content strategy and marketing. She has completed the Canadian Securities Course (CSC\u00ae) as well as the Personal Lending and Mortgages course through the Canadian Securities Institute. Leanne holds a Bachelor of Arts (Honours) in English literature and creative writing from Western University.\",\"sameAs\":[\"https:\/\/www.linkedin.com\/in\/leanne-escobal\/\"],\"url\":\"https:\/\/www.finder.com\/ca\/author\/leanneescobal\",\"jobTitle\":\"Senior Publisher\",\"knowsAbout\":[{\"@type\":\"Thing\",\"name\":\"Personal Loans\"},{\"@type\":\"Thing\",\"name\":\"Car Loans\"},{\"@type\":\"Thing\",\"name\":\"Business Loans\"},{\"@type\":\"Thing\",\"name\":\"Short-Term Loans\"},{\"@type\":\"Thing\",\"name\":\"International Money Transfers\"},{\"@type\":\"Thing\",\"name\":\"Make Money Online\"}],\"worksFor\":{\"@type\":\"Organization\",\"@id\":\"https:\/\/www.finder.com\/ca\/#organization\",\"name\":\"Finder\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.finder.com\/ca\/#\/schema\/person\/be4dc313d3aa52c4aa2b45df5c899a1e\",\"name\":\"Chelsey Hurst\",\"description\":\"Chelsey Hurst is a publisher at Finder, specializing in banking and investments. She loves empowering people to avoid financial pitfalls and make better decisions with their money. Chelsey has a Bachelor of Science from Redeemer University, a Master of Science from McMaster University, and has won multiple awards for research communication. In her spare time, Chelsey enjoys cooking and taking long walks in nature.\",\"jobTitle\":\"Publisher\",\"url\":\"https:\/\/www.finder.com\/ca\/author\/chelseyhurst\",\"knowsAbout\":[{\"@type\":\"Thing\",\"name\":\"Banking\"},{\"@type\":\"Thing\",\"name\":\"Stock Trading\"},{\"@type\":\"Thing\",\"name\":\"Cryptocurrency\"}],\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.finder.com\/ca\/#\/schema\/person\/image\/\/be4dc313d3aa52c4aa2b45df5c899a1e\",\"url\":\"https:\/\/cdn.finder.com.au\/finder-us\/wp-uploads\/2025\/12\/ChelseyHurstF1_Finder_600x600.png\",\"contentUrl\":\"https:\/\/cdn.finder.com.au\/finder-us\/wp-uploads\/2025\/12\/ChelseyHurstF1_Finder_600x600.png\",\"caption\":\"Chelsey Hurst\"},\"worksFor\":{\"@type\":\"Organization\",\"@id\":\"https:\/\/www.finder.com\/ca\/#organization\",\"name\":\"Finder\"}},{\"@context\":\"https:\/\/schema.org\",\"@type\":\"FAQPage\",\"name\":\"Frequently Asked Questions\",\"mainEntity\":[{\"@type\":\"Question\",\"name\":\"Are there personal loans with no credit checks in Ontario?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"\\r\\rYes, there are some lenders that don't do credit checks for their personal loans, but you will get approved for lower loan amounts and at much higher rates. Be careful of where you apply, because scammers sometimes use the \\\"no credit check\\\" tagline to steal financial and personal information.\\r\\r\"}},{\"@type\":\"Question\",\"name\":\"Where can I find small loans in Ontario?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"\\r\\rThis depends on how small the loan amount is. Banks and credit unions generally start at $2,000 to $5,000 for their personal loans, though you may find a local credit union that can finance a smaller amount. Online lenders generally start at $500 to $1,000.\\r\\r\"}},{\"@type\":\"Question\",\"name\":\"Can I get a personal loan in Ontario if I'm unemployed?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"\\r\\rIt's possible if you have another source of income. However, it also depends on the lender. Some lenders accept government benefits and\/or private pension as a valid source of income, while others do not. <a href=\\\"https:\/\/www.finder.com\/ca\/personal-loans\/unemployed-loans\\\">Learn more about loans when you're unemployed.<\/a>\\r\\r\"}},{\"@type\":\"Question\",\"name\":\"How long does it take to get approved?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"\\r\\rThis depends on the lender. Online lenders can provide approval on the same day or the next day. Banks and credit unions can take a few days to a few weeks because they have stricter eligibility requirements.\\r\\r\"}}]}]}<\/script>\n<meta property=\"article:modified_time\" content=\"2025-09-10T14:44:31+00:00\" \/>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Private & Traditional Personal Loan Lenders in Ontario","description":"Compare rates and terms of financial institutions and private loan lenders in Ontario and apply today to get your personal loan.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.finder.com\/ca\/personal-loans\/personal-loans-ontario","og_locale":"en_US","og_type":"article","og_title":"Private & Traditional Personal Loan Lenders in Ontario","og_description":"Compare rates and terms of financial institutions and private loan lenders in Ontario and apply today to get your personal loan.","og_url":"https:\/\/www.finder.com\/ca\/personal-loans\/personal-loans-ontario","og_site_name":"Finder Canada","article_published_time":"2018-12-11T04:04:14+00:00","og_image":[{"width":1800,"height":1000,"url":"https:\/\/cdn.finder.com.au\/finder-us\/wp-uploads\/sites\/5\/2018\/12\/Personal-Loans-Ontario_Finder_1800x1000.jpg","type":"image\/jpeg"}],"author":"Leanne Escobal","twitter_misc":{"Written by":"Leanne Escobal","Est. reading time":"11 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.finder.com\/ca\/personal-loans\/personal-loans-ontario#article","isPartOf":{"@id":"https:\/\/www.finder.com\/ca\/personal-loans\/personal-loans-ontario"},"author":[{"name":"Leanne Escobal","@id":"https:\/\/www.finder.com\/ca\/#\/schema\/person\/9d47eeda06b879b07a813536f2068c72"},{"@id":"https:\/\/www.finder.com\/ca\/#\/schema\/person\/be4dc313d3aa52c4aa2b45df5c899a1e"}],"headline":"Private &#038; Traditional Personal Loan Lenders in Ontario","datePublished":"2018-12-11T04:04:14+00:00","dateModified":"2025-09-10T14:44:31+00:00","mainEntityOfPage":{"@id":"https:\/\/www.finder.com\/ca\/personal-loans\/personal-loans-ontario"},"wordCount":2080,"publisher":{"@id":"https:\/\/www.finder.com\/ca\/#organization"},"image":{"@id":"https:\/\/www.finder.com\/ca\/personal-loans\/personal-loans-ontario#primaryimage"},"thumbnailUrl":"https:\/\/cdn.finder.com.au\/finder-us\/wp-uploads\/sites\/5\/2018\/12\/Personal-Loans-Ontario_Finder_1800x1000.jpg","articleSection":["Personal Loans"],"inLanguage":{"@type":"Language","name":"English","alternateName":"en"},"citation":[{"@type":"CreativeWork","name":"Financial Consumer Agency of Canada: Personal loans","url":"https:\/\/www.canada.ca\/en\/financial-consumer-agency\/services\/loans\/personal-loans.html#toc3"}],"commentCount":0},{"@type":"WebPage","@id":"https:\/\/www.finder.com\/ca\/personal-loans\/personal-loans-ontario","url":"https:\/\/www.finder.com\/ca\/personal-loans\/personal-loans-ontario","name":"Private & Traditional Personal Loan Lenders in Ontario","isPartOf":{"@id":"https:\/\/www.finder.com\/ca\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.finder.com\/ca\/personal-loans\/personal-loans-ontario#primaryimage"},"image":{"@id":"https:\/\/www.finder.com\/ca\/personal-loans\/personal-loans-ontario#primaryimage"},"thumbnailUrl":"https:\/\/cdn.finder.com.au\/finder-us\/wp-uploads\/sites\/5\/2018\/12\/Personal-Loans-Ontario_Finder_1800x1000.jpg","datePublished":"2018-12-11T04:04:14+00:00","dateModified":"2025-09-10T14:44:31+00:00","description":"Compare rates and terms of financial institutions and private loan lenders in Ontario and apply today to get your personal loan.","breadcrumb":{"@id":"https:\/\/www.finder.com\/ca\/personal-loans\/personal-loans-ontario#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.finder.com\/ca\/personal-loans\/personal-loans-ontario"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.finder.com\/ca\/personal-loans\/personal-loans-ontario#primaryimage","url":"https:\/\/cdn.finder.com.au\/finder-us\/wp-uploads\/sites\/5\/2018\/12\/Personal-Loans-Ontario_Finder_1800x1000.jpg","contentUrl":"https:\/\/cdn.finder.com.au\/finder-us\/wp-uploads\/sites\/5\/2018\/12\/Personal-Loans-Ontario_Finder_1800x1000.jpg","width":1800,"height":1000},{"@type":"BreadcrumbList","@id":"https:\/\/www.finder.com\/ca\/personal-loans\/personal-loans-ontario#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"CA","item":"https:\/\/www.finder.com\/ca\/"},{"@type":"ListItem","position":2,"name":"Personal Loans","item":"https:\/\/www.finder.com\/ca\/personal-loans"},{"@type":"ListItem","position":3,"name":"Private & Traditional Personal Loan Lenders in Ontario"}]},{"@type":"WebSite","@id":"https:\/\/www.finder.com\/ca\/#website","url":"https:\/\/www.finder.com\/ca\/","name":"Finder Canada","description":"","publisher":{"@id":"https:\/\/www.finder.com\/ca\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.finder.com\/ca\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.finder.com\/ca\/#organization","name":"Finder","url":"https:\/\/www.finder.com\/ca\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.finder.com\/ca\/#\/schema\/logo\/image\/","url":"https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2025\/05\/Finder-Logo-696x696-1.png","contentUrl":"https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2025\/05\/Finder-Logo-696x696-1.png","width":1392,"height":1392,"caption":"Finder"},"image":{"@id":"https:\/\/www.finder.com\/ca\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/en.wikipedia.org\/wiki\/Finder_(website)"],"description":"Every month more than 2 million unique visitors turn to Finder to save money and time, and to make important life choices. We compare everything from bank accounts, personal loans, investing platforms and much more.","email":"heythere@finder.com","legalName":"Finder","foundingDate":"2006-01-01","numberOfEmployees":{"@type":"QuantitativeValue","minValue":"51","maxValue":"200"}},{"@type":"Person","@id":"https:\/\/www.finder.com\/ca\/#\/schema\/person\/9d47eeda06b879b07a813536f2068c72","name":"Leanne Escobal","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.finder.com\/ca\/#\/schema\/person\/image\/","url":"https:\/\/cdn.finder.com.au\/finder-us\/wp-uploads\/2025\/12\/LeanneEscobalF1_Finder_600x600.png","contentUrl":"https:\/\/cdn.finder.com.au\/finder-us\/wp-uploads\/2025\/12\/LeanneEscobalF1_Finder_600x600.png","caption":"Leanne Escobal"},"description":"Leanne Escobal is a senior publisher at Finder with more than 13 years of experience in financial products and services, with a focus on content strategy and marketing. She has completed the Canadian Securities Course (CSC\u00ae) as well as the Personal Lending and Mortgages course through the Canadian Securities Institute. Leanne holds a Bachelor of Arts (Honours) in English literature and creative writing from Western University.","sameAs":["https:\/\/www.linkedin.com\/in\/leanne-escobal\/"],"url":"https:\/\/www.finder.com\/ca\/author\/leanneescobal","jobTitle":"Senior Publisher","knowsAbout":[{"@type":"Thing","name":"Personal Loans"},{"@type":"Thing","name":"Car Loans"},{"@type":"Thing","name":"Business Loans"},{"@type":"Thing","name":"Short-Term Loans"},{"@type":"Thing","name":"International Money Transfers"},{"@type":"Thing","name":"Make Money Online"}],"worksFor":{"@type":"Organization","@id":"https:\/\/www.finder.com\/ca\/#organization","name":"Finder"}},{"@type":"Person","@id":"https:\/\/www.finder.com\/ca\/#\/schema\/person\/be4dc313d3aa52c4aa2b45df5c899a1e","name":"Chelsey Hurst","description":"Chelsey Hurst is a publisher at Finder, specializing in banking and investments. She loves empowering people to avoid financial pitfalls and make better decisions with their money. Chelsey has a Bachelor of Science from Redeemer University, a Master of Science from McMaster University, and has won multiple awards for research communication. In her spare time, Chelsey enjoys cooking and taking long walks in nature.","jobTitle":"Publisher","url":"https:\/\/www.finder.com\/ca\/author\/chelseyhurst","knowsAbout":[{"@type":"Thing","name":"Banking"},{"@type":"Thing","name":"Stock Trading"},{"@type":"Thing","name":"Cryptocurrency"}],"image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.finder.com\/ca\/#\/schema\/person\/image\/\/be4dc313d3aa52c4aa2b45df5c899a1e","url":"https:\/\/cdn.finder.com.au\/finder-us\/wp-uploads\/2025\/12\/ChelseyHurstF1_Finder_600x600.png","contentUrl":"https:\/\/cdn.finder.com.au\/finder-us\/wp-uploads\/2025\/12\/ChelseyHurstF1_Finder_600x600.png","caption":"Chelsey Hurst"},"worksFor":{"@type":"Organization","@id":"https:\/\/www.finder.com\/ca\/#organization","name":"Finder"}},{"@context":"https:\/\/schema.org","@type":"FAQPage","name":"Frequently Asked Questions","mainEntity":[{"@type":"Question","name":"Are there personal loans with no credit checks in Ontario?","acceptedAnswer":{"@type":"Answer","text":"\r\rYes, there are some lenders that don't do credit checks for their personal loans, but you will get approved for lower loan amounts and at much higher rates. Be careful of where you apply, because scammers sometimes use the \"no credit check\" tagline to steal financial and personal information.\r\r"}},{"@type":"Question","name":"Where can I find small loans in Ontario?","acceptedAnswer":{"@type":"Answer","text":"\r\rThis depends on how small the loan amount is. Banks and credit unions generally start at $2,000 to $5,000 for their personal loans, though you may find a local credit union that can finance a smaller amount. Online lenders generally start at $500 to $1,000.\r\r"}},{"@type":"Question","name":"Can I get a personal loan in Ontario if I'm unemployed?","acceptedAnswer":{"@type":"Answer","text":"\r\rIt's possible if you have another source of income. However, it also depends on the lender. Some lenders accept government benefits and\/or private pension as a valid source of income, while others do not. <a href=\"https:\/\/www.finder.com\/ca\/personal-loans\/unemployed-loans\">Learn more about loans when you're unemployed.<\/a>\r\r"}},{"@type":"Question","name":"How long does it take to get approved?","acceptedAnswer":{"@type":"Answer","text":"\r\rThis depends on the lender. Online lenders can provide approval on the same day or the next day. Banks and credit unions can take a few days to a few weeks because they have stricter eligibility requirements.\r\r"}}]}]},"article_modified_time":"2025-09-10T14:44:31+00:00"},"hrefLangLinks":[{"region":"Canada","locale":"en-ca","url":"https:\/\/www.finder.com\/ca\/personal-loans\/personal-loans-ontario","isCurrentSite":true}],"custom_fields":{"show_author_box":["yes"],"_content_type":["niche-content\/comparison\/compare-guide"],"_masthead_variant":["{\"id\":\"standard-blue\",\"showFeaturedImage\":false,\"presetId\":\"\",\"shouldUsePrimaryCTAFieldName\":false,\"shouldUseSecondaryCTAFieldName\":false,\"primaryCTA\":null,\"secondaryCTA\":null,\"widgetShortcode\":\"\",\"widgetHeading\":\"\",\"widgetStats\":\"\",\"hasPrioritizedWidget\":false,\"hasMaximizedWidget\":false,\"shouldUseOverrideCTALabel\":false,\"overrideCTA\":null,\"cleanTopPicks\":\"\",\"tilesMenuId\":\"\"}"],"_masthead_subheading":["{\"text\":\"Many lenders operate in Ontario, giving you plenty of options whether you have good or bad credit.\"}"],"custom_post_template":["page-nb-table-with-filters.php"]},"amp_enabled":false,"_links":{"self":[{"href":"https:\/\/www.finder.com\/ca\/wp-json\/wp\/v2\/posts\/758074"}],"collection":[{"href":"https:\/\/www.finder.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.finder.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.finder.com\/ca\/wp-json\/wp\/v2\/users\/1000"}],"replies":[{"embeddable":true,"href":"https:\/\/www.finder.com\/ca\/wp-json\/wp\/v2\/comments?post=758074"}],"version-history":[{"count":11,"href":"https:\/\/www.finder.com\/ca\/wp-json\/wp\/v2\/posts\/758074\/revisions"}],"predecessor-version":[{"id":1066743,"href":"https:\/\/www.finder.com\/ca\/wp-json\/wp\/v2\/posts\/758074\/revisions\/1066743"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.finder.com\/ca\/wp-json\/wp\/v2\/media\/1030841"}],"wp:attachment":[{"href":"https:\/\/www.finder.com\/ca\/wp-json\/wp\/v2\/media?parent=758074"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.finder.com\/ca\/wp-json\/wp\/v2\/categories?post=758074"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.finder.com\/ca\/wp-json\/wp\/v2\/tags?post=758074"},{"taxonomy":"asset_tag","embeddable":true,"href":"https:\/\/www.finder.com\/ca\/wp-json\/wp\/v2\/asset_tag?post=758074"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}