{"id":922541,"date":"2021-06-01T11:32:09","date_gmt":"2021-06-01T15:32:09","guid":{"rendered":"https:\/\/www.finder.com\/ca\/?p=922541"},"modified":"2026-01-20T13:58:09","modified_gmt":"2026-01-20T18:58:09","slug":"gopeer-personal-loans-review","status":"publish","type":"post","link":"https:\/\/www.finder.com\/ca\/personal-loans\/gopeer-personal-loans-review","title":{"rendered":"goPeer review"},"content":{"rendered":"

Overview: What is goPeer?<\/h3>goPeer is an online platform where people can give and receive personal loans from each other, which is known as peer-to-peer (P2P) lending<\/strong><\/a>. Founded in 2019, the Toronto-based company aims to provide competitive rates for borrowers and attractive returns for investors funding loans.

Is goPeer legit?<\/h4>

Yes. As a lending business, goPeer is federally regulated by the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC). As an investment business, it\u2019s registered to operate in every province under the name Peer Securities Corporation.<\/p>goPeer has been featured in major Canadian media outlets like Yahoo! Money and the Toronto Star. In 2020, the company won first place in York University\u2019s LaunchYU Accelerator program and was recognized as an Emerging Lender by the Canadian Lenders Association in 2021.

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As of June 2024, goPeer has over 13,600 investors and has reviewed over $538 million in loans.<\/p>

Rates, fees and features of goPeer personal loans<\/h4>
Feature<\/th>Details<\/th><\/tr><\/thead>
Loan amount<\/td>$1,000 \u2013 $35,000<\/td><\/tr>
Loan type<\/td>Unsecured<\/td><\/tr>
Loan term<\/td>36 months or 60 months<\/td><\/tr>
Interest rate<\/td>8.99% - 34.99%<\/span><\/td><\/tr>
Fees<\/td>Variable origination fee (included in APR)
Unsuccessful payment fee of $50
No application or prepayment fees<\/td><\/tr>
Serviced provinces<\/td>All of Canada<\/td><\/tr>
Basic eligibility criteria<\/td>Min. income of $35,000\/year, min. credit score 700<\/td><\/tr><\/tbody><\/table>

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What we like about goPeer personal loans<\/h3>goPeer offers a great alternative to borrowing from banks and traditional lenders. Some of the platform\u2019s standout features include: