Independent head-to-head comparison of APR, loan limits, credit requirements and funding speed for two Canadian lenders.
Canada's premier loan comparison network connecting borrowers with hundreds of prime and alternative Canadian lenders with a single soft search.
Visit Loans CanadaCanadian financial technology company offering MogoLiquid personal loans, free Equifax credit score monitoring, and identity fraud protection.
Visit Mogo| Feature | Loans Canada | Mogo |
|---|---|---|
| Lowest APR | 7.99% | 9.9% |
| Highest APR | 34.99% | 32.9% |
| Min Loan | $500 | $1,000 |
| Max Loan | $50,000 | $35,000 |
| Min Credit Score | 450 | 580 |
| Funding Time | 24-48 hours | Same day |
| Loan Types | personal, debt_consolidation, auto, business | personal, debt_consolidation |
| Provinces | ON, BC, AB, QC, MB, SK, NS, NB, NL, PE, NT, YT, NU | ON, BC, AB, MB, SK, NB, NS, PE, NL |
Loans Canada starts at 7.99% APR while Mogo starts at 9.9%. The cheapest option depends on your credit score, loan amount and term. Always compare your personalized APR offers — advertised rates are minimums for the strongest applicants.
Loans Canada typically requires a minimum credit score of 450. Below that, consider alternative lenders that specialize in credit-challenged borrowers.
Mogo typically funds in Same day after final approval. Same-day funding usually requires e-transfer-eligible accounts and document approval before cutoff.
Loans Canada serves ON, BC, AB, QC, MB, SK, NS, NB, NL, PE, NT, YT, NU. Mogo serves ON, BC, AB, MB, SK, NB, NS, PE, NL. Province availability is a hard requirement — verify before applying.
Get matched to the best Canadian lender for your situation in under 60 seconds.