Finding the Best Personal Loan Rates Right Now

Fig Financial offers a starting APR of 8.99%, which is competitive for those with fair credit who can't secure bank-level rates. With terms up to 7 years, it's a solid mid-market option, especially if you're looking for something between high-rate lenders and traditional banks.

BMO's personal loan is ideal for smaller financial needs with a minimum borrowing amount of $2,000. This makes it accessible for those not needing large loans, especially existing BMO customers.

Coast Capital Savings combines no-fee banking with competitive loan rates, making it attractive for BC residents who prefer credit unions. The added benefit of free chequing sweetens the deal.

Desjardins offers the lowest APR at 6.95%, making it the top choice for Quebec residents who value the credit union model. Profits go back to members, adding a community-focused benefit.

TD Bank provides lengthy repayment terms up to 7 years, allowing for greater flexibility in managing monthly payments. It's a great option for existing customers who need time to manage their finances.

National Bank is a strong contender in Quebec with competitive rates and a wide branch network. It's particularly beneficial for those who prefer in-person banking experiences.

Fora's line of credit is designed for borrowers with poor credit who need revolving access to funds. While the 19.9% APR is higher, it's a viable stepping stone towards improving creditworthiness.

LendDirect specializes in fast online approvals, making it ideal if you need quick cash. However, with rates up to 47%, it's best for short-term borrowing needs when alternatives aren't available.