Top 10 Private Loan Lenders in Ontario

**Mogo**

Mogo provides personal loans ranging from $1,000 to $35,000 with competitive interest rates. They have a quick and easy online application process, and funds can be deposited in your bank account within 2 business days.

**Fairstone**

Fairstone offers personal loans from $500 to $50,000. They have a variety of loan terms available, and their interest rates are competitive. Fairstone also has a wide network of branches across Ontario, so you can easily find a location near you.

**LendingClub**

LendingClub is a peer-to-peer lending platform that connects borrowers with investors. You can apply for a personal loan from $1,000 to $40,000, and interest rates are typically lower than those offered by banks or credit unions.

**Prosper**

Prosper is another peer-to-peer lending platform that offers personal loans from $2,000 to $40,000. Their interest rates are competitive, and you can choose from a variety of loan terms.

**Ratehub**

Ratehub is an online marketplace that allows you to compare personal loan rates from multiple lenders. You can also apply for a loan directly through Ratehub, and they will help you find the best loan for your needs.

**Loans Canada**

Loans Canada is a private lender that offers personal loans from $500 to $35,000. They have a quick and easy online application process, and funds can be deposited in your bank account within 24 hours.

**Credit Unions**

Credit unions are not-for-profit financial institutions that offer a variety of financial products, including personal loans. Credit unions typically offer competitive interest rates and flexible loan terms, and they may also offer other benefits, such as free financial advice.

**Banks**

Banks also offer personal loans, but their interest rates may be higher than those offered by credit unions or peer-to-peer lending platforms. However, banks may be a good option for you if you already have a banking relationship with them.

**Alternative Lenders**

There are a number of alternative lenders that offer personal loans in Ontario. These lenders may have different requirements than traditional lenders, such as lower credit score requirements or no income verification. However, the interest rates charged by alternative lenders may be higher than those offered by traditional lenders.

**Government Programs**

The Ontario government offers a number of government programs that can help you get a personal loan. These programs include the Ontario Disability Support Program (ODSP), the Ontario Works program, and the Second Career program.

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