LoanConnect is a Canadian loan search engine that can connect you with an unsecured personal loan in minutes. With 12 types of loans available and interest rates starting at only 8.99%, you can compare your options without taking a hit to your credit score.
No matter where in Canada you are, you can search for loans up to $60,000 and 120 months. But since this is only a personal loan search engine, you still have to be wary of the companies LoanConnect recommends to you.
What you get with LoanConnect
Verified on September 15, 2025
Why You Want It
Flexible loan options from $500 to $60,000 + Interest rates start at 8.99%.
Special Features
- Loans available for all credit scores
- Compares several different lenders
Eligibility
- Canadian citizen
- Age of majority
Provinces
ALL
Features
Pre-approval
Flexible Terms
Loan Amounts
Up to 60,000
APR Range
8.99%-46.96%
Term Range
3-120 months
Minimum Credit Score
N/A
Secured Available
Our LoanConnect rating: 3.3 stars
LoanConnect is an easy way to compare your loan options in Canada. The best part about it is that it doesn’t harm your credit score – all they ask for is an estimate of your score and they’ll match you up with lenders based on that. This site is a great place to start if you’re thinking of getting a loan, but you may want to look around more to cover all of your options before committing.
LoanConnect has its score because of its unrestricted Canadian access, plus the wide range of loan types, amounts, and terms. The main reason it falls short is because of the relatively small amount of lenders it lists.
Also if you’re a student, LoanConnect doesn’t appear to offer student loans at this time. You can find more information about government resources for student loans and other financing options here.
Rating methodology
We determine our rating by considering the major features that are expected from this type of product. Once we’ve outlined them in the features table above, we give each row a rating out of 5 based on how helpful the feature is and how it compares to similar products. Add it all together and you have our product rating out of 5.
Learn more about our rating methodology.
What's good about LoanConnect
Here’s what there is to love about LoanConnect.
Pros
Free to use
Searching for loans is 100% free and won’t cost you a dime.
Loans available for all credit scores
The lenders LoanConnect lists offer loans to people with excellent to poor credit.
12 different types of loans to search for
From debt consolidation to buying a car, there are lots of reasons why you may want to take out a loan right now. With 12 options to choose from (including “other”), you’ll be able to find a loan that fits your situation. Read about the different types of personal loans here.
Interest rates as low as 8.99%
One of the most important things to keep an eye on when looking for a loan is the interest rate. If you can find something around the low end of LoanConnect’s 6.99% APR, that’s pretty good for an unsecured loan.
Loans available from $500 to $60,000
Depending on what you need it for, it’s always a good idea to only take out what you need. With a wide range of loan amounts available, you can find a loan that can suit even the biggest of needs.
No effect on your credit score
Because LoanConnect only asks for an estimate of your credit score, there won’t be a hard credit check on your file – saving you from worrying about any negative impacts on your score. If you choose to go through with a lender, they’ll likely do a soft check which also won’t affect your score. That being said, if they do need to proceed with a hard credit check, you’ll be prompted first and have the chance to back out.
Available to all of Canada
Though LoanConnect is based in Ontario, they list no provincial restrictions on who can apply for a loan through their site.
What to watch out for with LoanConnect
But there are some things to keep an eye on as well.
Cons
Make sure to pay attention to the interest rate
No matter where you get a loan from, it’s always important to make sure the interest rate and term comes out to something you can afford. Otherwise you may find yourself in a bigger hole than you started with.
Potential for bias in search results
Because LoanConnect is a free service, it makes its money from referrals made to the lenders it lists. This introduces the potential for bias in what they choose to advertise.
Limited amount of lenders compared
After testing out a couple of searches, we only had a few recommendations based on our situations. With so many lenders out there to compare, LoanConnect likely doesn’t have the rights or partnership required to list them. So be sure to compare against other possible lenders before making a final decision.
Your personal loan calculator
Want to find out how much your loan would cost you after it’s all said and done? Use our calculator below to find out:
Loan Values
Best alternatives to LoanConnect
One of the most important things to talk about with LoanConnect is how good the results are. And the best way to figure that out? Comparing it to other Canadian search engines to see how the results stack up.
So we looked up a $7,500 car loan for someone making $75,000 a year with a good credit score. Here’s what we got from LoanConnect and Smarter Loans, a Canadian alternative.
Smarter Loans gave us 2 results, whereas LoanConnect only got us 1. We’ll use the better option from Smarter Loans in the table below. We’ll also show how much interest we’d pay over the course of our loan, assuming we got the best rate, shortest term, and lowest amount borrowed.
 |  |  |  | |
|---|---|---|---|---|
| Account | LoanConnect | Spring Financial Loans | MogoMoney | Cashco Flex Installment Loan |
| Genius Rating | ||||
| Why You Want It | Flexible loan options from $500 to $60,000 + Interest rates start at 8.99%. |  $100 GeniusCash + Interest rates as low as 9.99% + No prepayment fees. | $100 GeniusCash + Take out your loan for a 100-day test drive + Get pre-approved in 3 minutes. | Borrow up to $7,000 for 60 months + "Buy Some Time" insurance feature. |
| Pre-approval | | | | |
| Flexible Terms | | | | |
| Loan Amounts | Up to 60,000 | $500 - $35,000 | $300-$5,000 | N/A |
| APR Range | 8.99%-46.96% | 9.99% - 35% | 34.37% | 48.99% - 55% |
| Term Range | 3-120 months | 6 to 84 months | Open line of credit | 6-60 months |
Show More | ||||
| Find a loan See more Loanconnect products Compare | I Want This Deal See more Spring Financial products Compare | I Want This Deal See more Mogo products Compare | Learn More See more Cashco products Compare |
LoanConnect frequently asked questions
Still have some questions?
Is LoanConnect safe and legit?
LoanConnect is an accredited business through the Better Business Bureau and has an A+ rating and 5 star customer reviews. Still, LoanConnect is essentially a loan search engine, so certain companies it shows to you may be less trustworthy. It's important to research the company you end up getting your loan from as well.
What are the location and credit score requirements for LoanConnect loans?
In order to apply through loans on LoanConnect, all you have to be is a Canadian citizen who’s the age of majority of your province (usually 18). The lenders LoanConnect lists accept people with all types of credit scores, ranging from poor to excellent.
Will searching for loans through LoanConnect affect my credit score?
No, LoanConnect’s search only asks for an estimate of your credit score and does not perform a credit check. If you choose to go through with an application, the lender may perform a soft check but this would also not affect your score. If there’s a case where the lender will need to do a hard check, you’ll be notified first and given the chance to drop out. Find out how soft or hard credit checks impact your credit score.
Editorial Disclaimer: The content here reflects the author's opinion alone, and is not endorsed or sponsored by a bank, credit card issuer, rewards program or other entity. For complete and updated product information please visit the product issuer's website.
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