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    Debt consolidation lenders in Canada, ranked by lowest APR

    Lenders that offer loans to roll several debts into one payment. Consolidation only saves money if the new APR is lower than what you pay now.

    Figures are each lender's advertised range as of 2026-09-08. Not paid placements in this ranking — sorted purely by lowest APR. Confirm current terms with the lender.

    1. 1. BMO Bank of Montreal

      4.99% – 11.95% APR

      Pioneer of the 130-day mortgage rate guarantee and specialized low-rate Smart Fixed mortgages.

      Min. credit score
      650
      Amounts
      $5,000 – $1,500,000
      Funding
      24-48 hours
      Read the BMO Bank of Montreal review →

    2. 2. Scotiabank

      5.09% – 12.25% APR

      Canada's international bank and leader in flexible borrowing through the Scotia Total Equity Plan (STEP) and variable mortgages.

      Min. credit score
      660
      Amounts
      $5,000 – $1,750,000
      Funding
      2-3 business days
      Read the Scotiabank review →

    3. 3. RBC Royal Bank

      5.14% – 11.99% APR

      Canada's largest bank by market capitalization offering competitive mortgages, personal lines of credit, and debt consolidation loans.

      Min. credit score
      660
      Amounts
      $5,000 – $1,500,000
      Funding
      24-48 hours
      Read the RBC Royal Bank review →

    4. 4. CIBC

      5.14% – 12.99% APR

      Major Canadian lender offering fast approvals, Pace It installment plans, and flexible personal borrowing options.

      Min. credit score
      640
      Amounts
      $3,000 – $1,500,000
      Funding
      Same day to 48 hours
      Read the CIBC review →

    5. 5. TD Canada Trust

      5.19% – 12.49% APR

      Major Canadian chartered bank featuring innovative mortgage solutions, extended branch hours, and customizable loan options.

      Min. credit score
      650
      Amounts
      $3,000 – $1,500,000
      Funding
      24-48 hours
      Read the TD Canada Trust review →

    6. 6. Loans Canada

      7.99% – 34.99% APR

      Canada's premier loan comparison network connecting borrowers with hundreds of prime and alternative Canadian lenders with a single soft search.

      Min. credit score
      450
      Amounts
      $500 – $50,000
      Funding
      24-48 hours
      Read the Loans Canada review →

    7. 7. Mogo

      9.9% – 32.9% APR

      Canadian financial technology company offering MogoLiquid personal loans, free Equifax credit score monitoring, and identity fraud protection.

      Min. credit score
      580
      Amounts
      $1,000 – $35,000
      Funding
      Same day
      Read the Mogo review →

    8. 8. Spring Financial

      9.99% – 29.99% APR

      Canada's top consumer fintech lender specializing in credit building, personal loans, and debt consolidation for all credit tiers.

      Min. credit score
      500
      Amounts
      $500 – $35,000
      Funding
      Same day (Interac e-Transfer)
      Read the Spring Financial review →

    9. 9. Fairstone Bank of Canada

      14.99% – 31.99% APR

      Longstanding Canadian responsible lending institution providing secured and unsecured personal loans through online and 240+ retail branches.

      Min. credit score
      550
      Amounts
      $1,000 – $50,000
      Funding
      24-48 hours
      Read the Fairstone Bank of Canada review →

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