Loanz Personal Loans: quick, simple unsecured loans online
Unsecured personal loans up to $50,000 with fast funding.
Loanz Personal Loans helps Canadians find unsecured personal loans of $300 to $50,000 by matching applicants with a network of partner lenders.
This service stands out for its fully online process, fast access to funds, and flexibility in loan use.
Why choose Loanz Personal Loans
Loanz is not a direct lender.
Instead, it matches your application with a network of Canadian partner lenders, allowing you to compare offers based on your needs and profile.
The platform provides access to unsecured loans, meaning you are not required to pledge assets, and applicants can request amounts from $300 to $50,000 depending on eligibility.
With a simple digital experience, Loanz aims to make borrowing quick and accessible by granting approvals in minutes and delivering funds fast, sometimes in as little as 15 minutes after signing.
Applicants must be over the age of majority in their province, have a chequing account, and a steady source of income to qualify.
Loanz reports every payment you make to credit agencies, which can help you rebuild your credit over time.
Protection and security
All applications are completed on Loanz’s secure online platform, using encrypted systems to protect your data.
Your information is safely managed, only shared with partner lenders for the purpose of matching you to a loan offer.
Loanz does not include payment-protection or credit insurance as part of the base loan, and no explicit fraud-monitoring features are advertised.
Always review privacy policies and lender details before accepting any offer.
How the credit works
Your application is assessed by Loanz’s partner lenders, not by Loanz itself.
Loans are unsecured, with no annual fee advertised, and all applications are free to submit.
Typical loan terms range from 12 to 60 months.
Interest rates and total costs depend on your credit profile and the lender.
Carefully review your contract for all costs, prepayment, and late payment terms.
Fixed monthly payments are set by the lender, and the total repayment schedule is provided before you sign the contract.
Applicants are not required to provide collateral, and eligibility is determined by the lender based on your profile.
Daily use and digital features
The entire process is digital, from application to contract signature.
There is no cashback or rewards program attached to Loanz loans.
You can access the platform on any device, track your loan status online, and choose from various types of deposits offered by lender partners.
Loan funds can be used for almost any personal reason, from debt consolidation to unexpected expenses.
To see eligibility details, step-by-step instructions, and required documents, read the full guide to applying.
