{"id":758713,"date":"2019-01-01T23:12:19","date_gmt":"2019-01-02T04:12:19","guid":{"rendered":"https:\/\/www.finder.com\/ca\/?p=758713"},"modified":"2026-01-20T15:51:58","modified_gmt":"2026-01-20T20:51:58","slug":"personal-loan-interest-rates-canada","status":"publish","type":"post","link":"https:\/\/www.finder.com\/ca\/personal-loans\/personal-loan-interest-rates-canada","title":{"rendered":"Personal Loan Interest Rates in Canada in 2026"},"content":{"rendered":"

The interest rates for personal loans in Canada vary based on many factors, such as your credit score, income, current debts, the type of lender, loan amount, loan term and collateral. Find out what interest rates a borrower may encounter based on these factors, and compare personal loans from multiple lenders in Canada.<\/p>

\"Percentage<\/div>

What is the average personal loan rate in Canada?<\/h3>

The average personal loan rate is 8.04%<\/strong>, according to Statistics Canada. The personal loan rate you\u2019ll be offered will depend on your financial situation.<\/p>

The maximum personal loan rate lenders are allowed to charge you is the equivalent of 35% APR. This change is effective January 1, 2025.<\/p><\/div><\/div><\/div>

Latest personal loan interest rates in Canada<\/h3>
\n
\n <\/div>\n
\n
\n
<\/div>
8 of 9 results<\/span><\/small><\/div><\/div><\/div>
<\/div>
\n APR Range\n <\/use><\/svg><\/use><\/svg><\/use><\/svg><\/th>\n Loan Amount\n <\/use><\/svg><\/use><\/svg><\/use><\/svg><\/th>\n Loan Term\n <\/use><\/svg><\/use><\/svg><\/use><\/svg><\/th>\n Min. Credit Score\n <\/use><\/svg><\/use><\/svg><\/use><\/svg><\/th>\n Broker Compliance\n <\/use><\/svg><\/use><\/svg><\/use><\/svg><\/th>\n Key Features\n <\/use><\/svg><\/use><\/svg><\/use><\/svg><\/th><\/tr><\/thead>
9.99% - 34.95%<\/span><\/span><\/div><\/td>
$500 - $35,000 <\/span><\/div><\/td>
6 - 84 months<\/span><\/div><\/td>
550<\/span><\/div><\/td>
Key features: Fast online personal loans<\/b><\/div><\/td>
Go to site<\/a><\/use><\/svg>View details<\/span><\/a>
Compare product selection<\/legend>
<\/div>
8.99% - 35.00%<\/span><\/span><\/div><\/td>
$500 - $60,000 <\/span><\/div><\/td>
3 - 120 months<\/span><\/div><\/td>
300<\/span><\/div><\/td>
\n Note: LoanConnect is a loan search platform with access to multiple lenders. Applicants will be matched with a suitable lender based on credit history and borrowing requirements.\n <\/div><\/td>
Key features: Loan search platform for all credit scores<\/b><\/div><\/td>
Go to site<\/a><\/use><\/svg>View details<\/span><\/a>
Compare product selection<\/legend>
<\/div>
9.99% - 35.00%<\/span><\/span><\/div><\/td>
$500 - $35,000 <\/span><\/div><\/td>
6 - 60 months<\/span><\/div><\/td>
300<\/span><\/div><\/td>
\n Note: Loans Canada is a loan search platform. Apply once to get matched with lenders based on your credit and borrowing requirements.\n <\/div><\/td>
Key features: Loan search platform with the largest lender network<\/b><\/div><\/td>
Go to site<\/a><\/use><\/svg>View details<\/span><\/a>
Compare product selection<\/legend>
<\/div>
\"Fig<\/a>
<\/div>
Fig Personal Loan<\/a><\/span><\/div><\/td>
8.99% - 29.49%<\/span><\/span><\/div><\/td>
$2,000 - $35,000 <\/span><\/div><\/td>
24 - 84 months<\/span><\/div><\/td>
700<\/span><\/div><\/td>
Key features: Competitive online personal loans for good credit only<\/b><\/div><\/td>
Go to site<\/a><\/use><\/svg>View details<\/span><\/a>
Compare product selection<\/legend>
<\/div>
\"Fat<\/a>
<\/div>
Fat Cat Loans Personal Loan<\/a><\/span><\/div><\/td>
6.99% - 35.00%<\/span><\/span><\/div><\/td>
$300 - $50,000 <\/span><\/div><\/td>
3 - 84 months<\/span><\/div><\/td>
300<\/span><\/div><\/td>
\n Note: Fat Cat is a loan search platform. Apply once to get matched with lenders based on your credit and borrowing requirements.\n <\/div><\/td>
Key features: Loan search platform for all credit<\/b><\/div><\/td>
Go to site<\/a><\/use><\/svg>View details<\/span><\/a>
Compare product selection<\/legend>
<\/div>
\"goPeer<\/a>
<\/div>
goPeer Personal Loan<\/a><\/span><\/div><\/td>
8.99% - 34.99%<\/span><\/span><\/div><\/td>
$1,000 - $35,000 <\/span><\/div><\/td>
36 or 60 months<\/span><\/div><\/td>
700<\/span><\/div><\/td>
Key features: P2P loans with competitive rates<\/b><\/div><\/td>
<\/div>
\"MDG<\/a>
<\/div>
MDG Financial Installment Loan<\/a><\/span><\/div><\/td>
Undisclosed<\/span><\/div><\/td>
Up to $1,600 <\/span><\/div><\/td>
Up to 36 months<\/span><\/div><\/td>
560<\/span><\/div><\/td>
Key features: Fast funding, easy application<\/b><\/div><\/td>
<\/div>
\"AimFinance
<\/div>
AimFinance Personal Loan<\/span><\/span><\/div><\/td>
29.00% - 35.00%<\/span><\/span><\/div><\/td>
$100 - $1,000 <\/span><\/div><\/td>
9 - 24 months<\/span><\/div><\/td>
580<\/span><\/div><\/td>
Key features: Easy approvals<\/b><\/div><\/td>
<\/div>