Compare personal loans in Calgary

Get rapid approval from one of these providers offering personal loans online.

1 - 8 of 8
Product CAFPL Finder Score APR Range Loan Amount Loan Term Broker Compliance Requirements
Finder score
9.99% - 46.99%
$500 - $35,000
6 - 60 months
Requirements: min. income $2,000/month, 3+ months employed, min. credit score 550
Finder score
9.90% - 46.96%
$300 - $50,000
4 - 60 months
Loans Canada is a loan search platform with access to multiple lenders. Applicants will be matched with a suitable lender based on credit history and borrowing requirements.
Requirements: min. credit score 300
Finder score
12.99% - 39.99%
$500 - $10,000
9 - 36 months
Requirements: min. income $1,666.67/month, full time employment/pension, min. credit score 575, no bankruptcy
Finder score
8.99% - 46.96%
$500 - $60,000
3 - 120 months
LoanConnect is a loan search platform with access to multiple lenders. Applicants will be matched with a suitable lender based on credit history and borrowing requirements.
Requirements: min. credit score 300
Finder score
8.99% - 24.99%
$2,000 - $35,000
24 - 60 months
Requirements: min. income $5,000/month, 6+ months employed, min. credit score 700
Finder score
9.90% - 46.96%
$500 - $35,000
6 - 60 months
Requirements: min. income $35,000/year, min. credit score 600
Finder score
4.84% - 35.99%
$300 - $50,000
3 - 84 months
Requirements: min. income $1,000/month, min. credit score 300
Finder score
8.99% - 34.99%
$1,000 - $35,000
36 or 60 months
Requirements: min. income $35,000/year, min. credit score 700
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Finder Score for personal loans

To make comparing even easier we came up with the Finder Score. Interest rates, fees and features across 110+ personal loans are all weighted and scaled to produce a score out of 10. The higher the score the better the loan - simple.

Read the full methodology

Compare different types of personal loans in Calgary to find the right loan for your unique situation. Learn the steps you can take to find the best deal, what to look for when choosing a loan, how to apply and what eligibility criteria you need to qualify.

How to find the best personal loan in Calgary

Follow the three steps below to find the best personal loan in Calgary:

1. Decide which type of personal loan works best for you

Choose the best loan type for your personal situation based on the following categories:

2. Compare different types of lenders

Compare multiple lenders to find the right fit for your personal needs.

3. Consider the following key features to get the best loan for your needs

Think about the following factors before you decide on the right loan for you.

What are the eligibility requirements of personal loans in Calgary?

You’ll typically need to meet the following criteria to qualify for personal loans in Calgary:

  • Be 18 years old. You’ll need to provide a government-issued ID or validate your identity through your bank.
  • Be a Canadian citizen or a permanent resident. You may have to validate your address using a utility or phone bill, or by showing proof of ID.
  • Have a bank account. You’ll need to provide your direct deposit info or a void cheque so your lender can arrange to deposit funds and withdraw repayments.
  • Have proof of regular income and ongoing employment. Some lenders accept government benefits, pension or self-employment income while others only take employment income.
  • Meet the minimum credit score. Some lenders are willing to work with borrowers who have bad credit, no credit or a history of bankruptcies and consumer proposals. Others have strict minimum credit scores you must meet to qualify.

What are the interest rates of personal loans in Calgary?

The rates you get for your loan will depend on factors such as your credit score, term and whether you get a secured or unsecured loan. The rates you’ll get for unsecured personal loans in Calgary typically range from 9.75% to 46.96%. You may qualify for a slightly lower interest rate with secured loans if you put up an asset as collateral.

Representative example: Cost of a $5,000 personal loan in Calgary

Compare how much you might pay for an unsecured $5,000 personal loan in Calgary over 3 vs 5 years:

AmountInterest rateInterest over 3 yearsInterest over 5 years
$5,0007.99%$639.72$1,081.48
$5,00010.99%$892.12$1,521.23
$5,00016.99%$1,416.60$2,454.16

This example shows how your interest rate and term can have a big impact on your overall loan amount. The lower the rate and the shorter the term, the less you’ll pay in interest over time.

Can I get approved for a personal loan with bad credit?

You can definitely get approved for a bad credit loans in Alberta if you know where to look. With a bad credit loan, lenders will usually look at factors such as your income and employment status to get you approved instead of your credit score. However, you’ll almost always pay higher interest rates with bad credit loans.

There are two main types of bad credit loans available:

  • Secured loans. Use an asset such as your home or car to secure your loan. Interest rates range from 9% to 49% for bad credit. Just be prepared to forfeit your asset if you default on your loan.
  • Unsecured loans. With no asset, your interest rates will be higher, typically ranging from between 18% and 47%. Your credit score will go down if you miss payments or fail to pay back your unsecured bad credit loan.

You may also be eligible for bad credit payday loans if you need a small amount of cash to hold you over between paycheques. That said, these loans should be used as a last resort option since they’re extremely expensive and must be repaid very quickly (usually in 2 weeks).
Best bad credit loans in Canada

How to apply

Follow the steps below to apply for personal loans in Calgary:

  1. Apply for pre-approval. Compare several lenders and apply to get pre-approved for a personal loan with your top choices. Fill out applications with personal info such as your name, address, phone number, email, employment, income and housing situation.
  2. Pick the best personal loan. Compare the pre-approval offers you get back and pick the best personal loan for your needs. Aim for the loan with the lowest rates, fees and the most flexible repayment terms.
  3. Submit to a credit check. You may need to consent to a credit check with some lenders. A hard credit check can affect your credit score and should be done sparingly.
  4. Get a final loan offer. Review your loan agreement. Understand your payment schedule and how much the loan will cost you overall. Keep an eye out for extra fees.
  5. Sign and submit. If you’re happy with the terms of your personal loan, sign and submit your loan agreement. You’ll usually get your money via e-transfer or direct deposit.

Personal loans in Calgary if you prefer to visit a branch

If you’d prefer to apply for a loan in person, consider the following private lenders. Big banks are another option for in-person service but they aren’t covered below.

LenderBest forLoan amountLoan termAPRLocation in Calgary
Blue Copper CapitalFair to bad credit$1,000 – $100,0006 - 84 months16.00% - 48.00%1 location (5809 Macleod Trail SW #104)
easyfinancialFair to bad credit$$500 – $100,0009 - 240 months9.99% - 35.00%9+ locations
Money MartFair to bad credit$500 – $15,0006 - 60 months29.90% - 46.90%17+ locations
ATBGood to excellent creditN/A1 - 5 years7.20% - 14.20%18+ locations
ServusGood to excellent creditN/ANot disclosedN/A10+ locations

Calgary personal finances at a glance

Calgary landscape at duskResidents of Calgary have some of the highest levels of unsecured debt in Canada. It’s important to make sure your income can support taking on new debt before you apply for personal loans in Calgary.

Debt in Calgary

According to Equifax, the average unsecured debt for Calgary residents in the first quarter of 2024 was $23,660. The average level of debt for people across Canada was $21,276.

Income in Calgary

According to Statistics Canada, the median income in Calgary was $48,000 in 2022. This is higher than the provincial median of $45,200. These figures include all types of income, such as employment, rental, investment, retirement and government benefits.

Frequently asked questions

Written by

Associate editor

Claire Horwood was a writer at Finder, specializing in credit cards, loans and other financial products. She has a Bachelor of Arts in Gender Studies from the University of Victoria, and an Associate’s Degree in Science from Camosun College. Much of Claire’s coursework has focused on writing and statistics, with a healthy dose of social and cultural analysis mixed in for good measure. In her spare time, Claire enjoys rock climbing, travelling and drinking inordinate amounts of coffee. See full bio

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