Upstart is a popular US online lender offering personal loans from $1,000 to $50,000. The company looks beyond borrowers’ credit scores when making a lending decision—ideal for those with limited credit history. But unfortunately, you can’t get an Upstart loan in Canada.
Our team has reviewed the market to help you compare companies like Upstart in Canada. We looked at factors like interest rates, fees, credit score requirements and lending flexibility to help you find the best Canadian alternatives to Upstart.
Compare dozens of Canadian lenders with Loans Canada's search platform. With just one application, you can get offers from lenders that accept borrowers with your financial profile. The best part? Loans Canada is completely free to use.
Another loan search platform, LoanConnect helps you narrow down your search for lenders via a single application. Apply online in minutes, regardless of whether you have good or bad credit, and find out if you're pre-approved.
If you don't qualify for loans from banks or credit unions, Spring Financial could be the lender you're looking for. Consider Spring if you have less-than-good credit or don't meet the usual income thresholds.
High-risk applications are okay
Flexible loan amounts from $500 to $35,000
No early repayment fees
Interest rates of up to 46.99% for bad credit
You may be offered a credit builder loan (The Foundation loan) instead of a personal loan
Like Spring Financial, easyfinancial helps good and bad credit applicants find secure and unsecured loans. It's quick and easy to apply, and you could qualify for a lower rate with a co-applicant.
Fast application, approval and funding
Secured and unsecured loans
2% rate reduction with a co-applicant
Low or no credit is okay
Steep rates for bad credit
Extra fees for optional services (i.e. loan insurance and Credit Optimizer)
Loan amount
$500 – $100,000
APR
9.99% – 46.96%
Term
9 - 240 months
Min. credit score
300
Fees
you may come across non-sufficient funds fees, late payment fees, missed payment fees or admin fees
Mogo can provide a no-obligation quote in minutes at no cost and without impacting your credit score. Create an account and get pre-approved in several minutes. You can borrow as little as $500 or as much as $35,000. If you change your mind after getting funded, you can return the principal within 100 days and get back any fees and interest you've paid.
A loan from Fairstone can be used for just about anything from consolidating debt to covering unexpected costs. Apply for up to $60,000, and secure your loan with collateral to qualify for a better rate. Choose to make weekly, bi-weekly or monthly repayments.
Secured and unsecured loans
Flexible terms
No early repayment fees for unsecured loans
Admin Fees may apply for secured loans
Early repayment fees for secured loans
Some customers complain about overly persistent marketing efforts
Whether you have good, bad or no credit, AAR Financial personal loan will take your application (provided you live in a serviced region). Depending on your province, the company offers personal loans and home equity loans. Repay your personal loan ahead of schedule without any penalties.
All types of credit can apply
Secured and unsecured loans
Flexible terms
No early repayment fees for unsecured loans
High interest rates
Not available in all provinces and territories
Additional fees may apply and aren't clearly disclosed online
Loan amount
$1,000 – $50,000
APR
14.9% – 46.7%
Term
24 - 120 months
Fees
Fees may include insurance fees, administration fees and NSF/late payment fees.
Turnaround time
Within 24 hours
Serviced provinces
Manitoba, Saskatchewan, Alberta, Ontario and British Columbia
How does Upstart compare?
Upstart has some of the most flexible lending criteria among personal loan providers in the US. Borrowers can choose from either personal loans or auto refinance loans. Here are the main pros and cons of this lender.
Pros
300 minimum credit score requirement
Considers alternative criteria like your education and career
Stacie Hurst is an editor at Finder, specializing in loans, banking, investing and money transfers. She has a Bachelor of Arts in Psychology and Writing, and she has completed FP Canada Institute's Financial Management Course. Before working in the publishing industry, Stacie completed one year of law school in the United States. When not working, she can usually be found watching K-dramas or playing games with her friends and family. See full bio
Kat Aoki was a personal finance writer at Finder, specializing in consumer and business lending. She’s written thousands of articles to help consumers make better decisions on their home loans, bank accounts, credit cards, cryptocurrency and more. Kat is well versed in working with leading brands in the real estate, mortgage and personal finance industries, and her expertise has been featured on Forbes Advisor, Lifewire and financial comparison sites like iSelect and realestate.com.au. She holds a BS in business administration from California State University, Sacramento and enjoys hiking and yoga in her spare time. See full bio
Kat's expertise
Kat has written 12 Finder guides across topics including:
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