What credit score do I need to apply?
You'll need a credit score of 720 or more. Not sure what your score is? Visit the Government of Canada website for information.
Apply for a Loan Online
Already a member? Get one of the fastest Canadian personal loans. Select More > Loan Applications in digital banking.
Discover Flexible Payment Options
You can pay weekly, bi-weekly, or monthly – whichever works best for you. It’s truly flexible borrowing.
Earn Profit-Sharing Cash
Your loan will earn you cash dividends. The more you bank with us, the more Member Rewards you’ll receive!
Save More Money
Secure personal loans with low interest rates. You’ll enjoy affordable payments which means worry-free debt.
Be Debt-Free Faster
Prepay without penalty! Our pay-down options will save you interest if you're able to pay your loan off sooner than expected.
Additional Information About Our Personal Loans
Loan Payment Calculator
Our calculator helps you manage your payments with confidence. Use it to calculate your interest rate depending on the amount, repayment schedule, and loan type.
What Can Personal Loans Be Used For?
Buy or Repair a Car
A personal loan is perfect for a car repair or buying a new vehicle.
Take a Vacation
Schedule a vacation with low-interest repayment plans.
Buy a Gadget
Need a new laptop or a phone? It's easier with monthly payments.
Renovate Your Home
Get a low interest rate for your home renovations.
Pay Medical Bills
Pay off your medical bills with low interest rates.
Visit Another Country
Use a Canadian personal loan for an international family trip.
Personal Loan Frequently Asked Questions
How do I apply for a Personal Loan?
Submit your loan application and we’ll contact you shortly. You can also connect with our advisors at 1.866.446.7001.
Am I eligible for a Personal Loan?
You need to be at least 18 years of age and a Canadian resident.
What do I need to apply?
For a fast application process, please provide the following information. If you have a guarantor, you’ll also need the same information for them. (A guarantor is someone who promises to pay your loan if you can’t.)
- Driver’s license or passport
- Details, for example purchase information on what you need the loan for or recent loan/credit card statements if you’re consolidating debt
- Employment information (name of employer, legal/physical address, phone number, occupation, total time with employer/time in sector, employment status (full time or part time; hourly or monthly)
- Income verification (a current pay stub AND recent T4 slip/final pay stub from previous year)
- 3 years of income tax and Notice of Assessment (if you’re self-employed)
- List of assets and liabilities
- Disclosure of previous bankruptcy, judgements, consumer proposals, alimony, child support
- Residence details (homeowner/renter, mortgage/rental payments, annual/monthly property tax, energy bills needed if on equalized payments)
How do I access my money?
Once approved, your loan funds will be deposited into your chequing account.
Can I make additional loan payments to pay my loan off faster?
You sure can!
- Log into digital banking
- Select Payments & Transfers > Transfers > Transfer Money
- Choose the account you’d like to make your loan payment from (e.g. your No-Fee Bank Account)
- Choose your personal loan from the Transfer to option. Your transfer will be a principal only payment. If you’re paying your entire Personal Loan balance, call us to get the correct payment amount to cover all outstanding interest
- Enter the amount you want to pay
- Continue and confirm!
Need more help choosing your loan?
Learn more about our accounts and services. Review our Account and Fee Information (pdf).
Identify the interest rates applicable to your account(s) and how they're calculated. Review our About Our Interest Calculations (pdf) document.
Loans and mortgages can be approved in one business day if you have submitted all required paperwork OR, you will be able to book an appointment in one business day and be approved in two businesses days if you have submitted all required paperwork.