What are private personal loan lenders in Canada?
Private personal loan lenders are financial institutions or companies that offer loans outside of traditional banks and credit unions.
1. Online Lenders: Borrowell, Mogo, LendDirect, Fairstone, Oaken Financial
2. Peer-to-Peer (P2P) Lending Platforms: Lending Loop, FundThrough
3. Payday Loan Providers: CashMoney, Money Mart
4. Alternative Lenders: Prestige Financial, Avant
5. Credit Unions: while not private lenders, credit unions often provide personal loans with competitive rates and flexible terms.
What is peer-to-peer lending?
P2P lending is a way of financing when money is received not from a bank or a credit union, but directly from the same individual. The interaction between the lender and the potential borrower in such a case is carried out using special applications or websites.
As an alternative, you can also take out a personal loan. Your possible expenses:
Personal loan calculations for 1 year (example)
| Amount, $ | Rate, % | Accrued %, $ |
| 20,000 | 7.70% | 834 |
| 20,000 | 10.70% | 1,159 |
| 20,000 | 13.70% | 1,484 |
| 50,000 | 7.90% | 2,140 |
| 50,000 | 10.90% | 2,952 |
| 50,000 | 13.90% | 3,765 |
| 100,000 | 8.10% | 4,388 |
| 100,000 | 11.10% | 6,013 |
| 100,000 | 14.10% | 7,638 |
| 200,000 | 8.30% | 8,992 |
| 200,000 | 11.30% | 12,242 |
| 200,000 | 14.30% | 15,492 |
Peer-to-peer lending in Canada
How and where can I get a p2p loan online to a card on financial websites or peer-to-peer lending platforms? Who can help you get such a loan? These questions are of interest to many borrowers. Therefore, we have compiled a list of financial organizations that offer P2P loans to repair a car or renovate a home, pay unexpected or vet bills, and emergency medical costs, purchase furniture, and pay for a trip, wedding, etc.
In order to urgently get a P2P loan without refusal, you need to send online applications to several companies. We cooperate with reliable financial websites and platforms. Therefore, if you need a peer-to-peer loan, use our website and you will find out who offers personal loans under the best conditions and has the most loyal approval approach.
See the similar FAQ about Canadian banks:
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Details of companies offering the financial services:
gopeer
Web-site: https://gopeer.ca
iCASH
Head office’s address: 372 Bertha St, Hawkesbury
Contact center: +1-844-419-2274
Web-site: https://icash.ca
Lending Loop
Head office’s address: 410 Adelaide St W Toronto
Contact center: 1-(888)-223-5667
Web-site: https://www.lendingloop.ca
SkyCap Financial
Head office’s address: 1020 Bayridge Dr. #104, Kingston
Contact center: (877) 924-4557
Web-site: https://skycapfinancial.ca
Spring Financial
Head office’s address: 555 Burrard St #505, Vancouver, BC V7X 1M8
Web-site: https://www.springfinancial.ca/
ZenBills
Web-site: https://zenbills.com/