Compare Loans in Canada - Quick Online Matching for All Credit Types
One application. Multiple lender options. No obligation to accept.
FatCat Loans connects Canadians with licensed lenders through a fast, secure online matching service for personal loans, bad credit loans, installment loans, and more.
We work with lenders including:
Rates from 4.84% to 35% APR. Representative example: Borrow $5,000 for 24 months at 24.99% APR - 24 payments of $268.67, total $6,448.08.
Trusted by Canadians Comparing Loan Options Online
Taylor LB
Ontario - March 30th 2026
Srđan Malešević
Ontario - March 25th 2026
Adam Forbes
Ontario - February 22nd 2026
Rose Johnston
Ontario - February 19th 2026
How It Works
Our secure loan matching process shows what happens at each stage, including how soft credit checks work.
Step 1
Fill in 2-Minute Secure Form
Tell us about your borrowing need, loan amount, income, and basic details. Takes about 90 seconds. Fully encrypted.
Step 2
Soft Credit Check
Depending on the lender, an initial soft inquiry may be run. This will not affect your credit score.
Step 3
Review Matched Lender Offers
See offers from lenders in our network who match your profile. Compare rates, terms, and total repayment costs.
Step 4
Accept an Offer, or Don’t
If you find an offer that works, accept it and receive funds, often the same day. There is no obligation to accept.
Loan Options for Different Credit Situations
Who FatCat Loans Is For
Good Credit, Want the Best Rate
Compare offers from prime and near-prime lenders before committing. See multiple rates in one application instead of applying individually.
Compare RatesFair or Bad Credit, Been Turned Down
Alternative lenders in our network assess income and banking history, not just credit score. Options may be available even with past financial difficulty.
See Bad Credit OptionsNot Sure Where to Start
Use our quick eligibility guide to understand what loan type and amount may be realistic for your situation before applying.
Help Me Find the Right LoanUnderstanding Loans in Canada
Types of Lenders in Canada
Canadians can borrow from chartered banks, credit unions, online lenders, alternative lenders, and high-cost short-term lenders. Banks and credit unions may offer lower rates to borrowers with strong credit and stable income, while alternative lenders may be more flexible for applicants with fair credit, thin credit history, or past financial difficulty. Some borrowers choose an alternative lender because the process is faster, the application is online, or the lender considers income and affordability alongside credit score.
Canadian Credit Scores Explained
Canadian credit scores are commonly reported on a 300-900 scale by TransUnion and Equifax. Poor credit is often considered 300-559, fair credit 560-659, good credit 660-724, very good credit 725-759, and excellent credit 760-900. A higher score can improve access to lower APRs and larger loan amounts, while a lower score may limit available offers or increase borrowing costs.
How Loan Interest Rates Are Regulated
Canada’s criminal interest rate threshold is 35% APR for many loan products. Provincial rules may also apply, including Ontario FSRA requirements and stricter protections in Quebec. Cost of borrowing disclosure helps borrowers compare the full cost of a loan, including interest, fees, term length, and repayment schedule. Learn more from the Financial Consumer Agency of Canada.
Broker vs. Direct Lender: What Is FatCat?
FatCat Loans Canada is a loan matching service, not a direct lender. We collect your application details and connect you with third-party lenders that may match your profile. FatCat does not make lending decisions or issue funds. There is no cost to you for using the service; FatCat receives a commission from lenders when a loan is funded.
When a Loan Is and Is Not the Right Choice
A loan may help with planned expenses, emergency costs, or consolidating higher-interest debt, but it is not always the right solution. If repayments would strain your budget or increase your debt-to-income ratio, consider alternatives such as a repayment plan, budgeting support, or non-profit credit counselling through organizations like Credit Counselling Canada.
Compare Loan Types in Canada
| Loan Type | Best For | Amount Range | Term | Typical APR | Min Credit Score |
|---|---|---|---|---|---|
| Personal Loan | Planned expenses, consolidation | $500-$50K | 6-84 mo | 9.99%-35% | 600+ |
| Bad Credit Loan | Poor or thin credit | $250-$50K | 3-60 mo | 19.99%-35% | Any |
| Installment Loan | Fixed payments | $500-$35K | 3-60 mo | 14.99%-35% | 580+ |
| Debt Consolidation | Multiple debts | $5K-$50K | 12-84 mo | 9.99%-35% | 580+ |
| Line of Credit | Ongoing needs | $500-$15K | Revolving | 19.99%-32% | 620+ |
| No Credit Check | Income-based approval | $250-$15K | 3-24 mo | 19.99%-35% | None |
APR ranges are indicative. Your actual rate depends on lender, credit profile, income, and repayment term. Always review lender-specific terms before accepting.
Loan Calculator
Estimated monthly payment: $0.00
Total amount repaid: $0.00
Total interest paid: $0.00
This is an estimate. Actual rate depends on your lender and profile.
APR means annual percentage rate. For Canadian borrowers, APR helps compare the yearly cost of borrowing, including interest and certain fees, rather than only looking at the monthly payment.
Loans Available Across Canada
Lending rules, maximum interest rates, and available loan types vary by province. FatCat matches you with lenders licensed to operate in your province.
Ontario
Regulated under FSRA.
British Columbia
Regulated under BCFSA.
Alberta
Provincial consumer protection applies.
Quebec
AMF rules apply; protections may be stricter.
Manitoba
Provincial consumer protection legislation applies.
Saskatchewan
Provincial consumer protection legislation applies.
Nova Scotia
Provincial consumer protection legislation applies.
New Brunswick
Provincial consumer protection legislation applies.
Newfoundland and Labrador
Provincial consumer protection legislation applies.
Prince Edward Island
Provincial consumer protection legislation applies.
Why Choose FatCat Loans
Compare multiple lender options through one application.
Serving Canadian borrowers for 6 years.
Your data is handled according to Canadian privacy requirements. Privacy Policy
Compare options without affecting your credit score.
FatCat earns a commission from lenders only when a loan is funded.
Matched with lenders licensed to operate in your province.
Latest loan insights for Canadians
Frequently Asked Questions
Is FatCat Loans a lender or a broker?
FatCat Loans Canada is a loan matching service, not a lender. We connect applicants with third-party lenders that may be able to offer loan options.Is it free to use FatCat Loans?
Yes. There is no cost to use FatCat Loans. We may receive a commission from lenders when a loan is funded.Will applying through FatCat affect my credit score?
The comparison stage uses a soft check where applicable, which does not affect your credit score. A lender may require additional checks before final approval.How many lenders are in the FatCat network?
FatCat works with 20 lender partners. Use the real, current number before publishing this answer.How does FatCat Loans make money?
FatCat earns a commission from lenders when a loan is funded. You do not pay an upfront fee to use the matching service.What credit score do I need to get a loan in Canada?
Requirements vary by lender. Some lenders prefer scores above 600, while alternative lenders may consider income, banking history, and affordability alongside credit history.Can I get a loan with no credit history in Canada?
Some lenders may consider applicants with limited or no credit history. Approval depends on income, identity verification, bank account status, and affordability.Can I apply if I receive EI, ODSP, or other government benefits?
Some lenders may consider government benefits as income, depending on their criteria. You will need to provide accurate income details during the application.What is the minimum income required to qualify?
Minimum income requirements vary by lender and loan type. Lenders review whether the repayment amount is affordable based on your income and existing obligations.Can I apply if I have been bankrupt?
Some alternative lenders may consider applicants with past bankruptcy, but approval is not guaranteed. Your discharge status, income, and current affordability will usually matter.What is the maximum interest rate allowed on a loan in Canada?
Canada’s criminal interest rate threshold is 35% APR for many loan products. Always review lender-specific disclosures before accepting a loan.How do I calculate the true total cost of a loan?
Look at the APR, loan term, payment frequency, fees, and total repayment amount. A lower monthly payment may still cost more if the loan term is longer.What fees should I watch out for when taking a loan in Canada?
Watch for origination fees, late payment fees, NSF fees, broker fees, and any request for upfront payment. Legitimate lenders should disclose fees before you accept.How long does it take to receive loan funds in Canada?
Funding time varies by lender, bank, and verification requirements. Some borrowers may receive funds the same day after final approval.What documents do I need to apply for a loan?
You may need government-issued ID, proof of income, bank account details, and contact information. Requirements vary by lender.What happens after I submit my application?
Your information is reviewed and matched with potential lenders. If matched, you can review lender offers and decide whether to accept one.How do I know if an online lender in Canada is legitimate?
Check for clear contact details, licensing where required, transparent rates and fees, privacy disclosures, and no upfront-fee demands. Be cautious of pressure tactics.What are the warning signs of a loan scam in Canada?
Warning signs include guaranteed approval, requests for gift cards or wire transfers, upfront fees, no written agreement, and lenders that avoid disclosing total borrowing costs.
About the Service:
Eligibility:
Rates and Costs:
Process:
Safety:
Disclosure: FatCat Loans Canada is a loan matching service and does not make lending decisions. We connect applicants with licensed lenders in our network and receive a commission from lenders when a loan is funded. There is no cost to you for using our service.
Regulatory Note: FatCat Loans operates in accordance with applicable Canadian consumer protection legislation and FCAC guidelines. For borrower rights and resources, visit the Financial Consumer Agency of Canada at canada.ca/fcac.
Rate Disclosure: Rates from 4.84% to 35% APR. Representative example: Borrow $5,000 for 24 months at 24.99% APR - 24 payments of $268.67, total $6,448.08.
Address: 125, 720 King St W Suite 2000, Toronto, ON M5V 3S5, Canada
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