TD Bank
TD Bank is Canada's second-largest bank offering competitive personal loans with flexible terms and fast online approval.
$2,000 CAD – $50,000 CAD
APR from 6.99%
Approval: 1-2 business days
Home Equity Loans – Borrow Against Your Home
Comparing 6 offers. Updated April 10, 2026.
Best Offers – Home Equity Loans 2026
RBC Royal Bank
RBC Royal Bank is Canada's largest bank offering personal loans with competitive rates and a fully digital application process.
$1,000 CAD – $50,000 CAD
APR from 7.99%
Approval: 24 hours
Scotiabank
Scotiabank offers flexible personal loans with competitive rates, optional payment protection insurance, and a fast online application process.
$1,000 CAD – $50,000 CAD
APR from 7.49%
Approval: 1-3 business days
BMO Bank of Montreal
BMO Bank of Montreal offers personal loans with a fast online process, fixed monthly payments and no hidden fees.
$1,500 CAD – $35,000 CAD
APR from 8.49%
Approval: 2-3 business days
CIBC
CIBC offers personal loans and home equity solutions with high loan amounts up to $200,000 and competitive fixed rates.
$3,000 CAD – $200,000 CAD
APR from 8.99%
Approval: 1-2 business days
Manulife Bank
Manulife Bank offers competitive personal loans and lines of credit with a unique all-in-one banking approach.
$5,000 CAD – $100,000 CAD
APR from 7.35%
Approval: 2-5 business days
A home equity loan or HELOC (Home Equity Line of Credit) lets you borrow against the equity in your home. These are secured loans with lower interest rates than unsecured personal loans.
What Is a HELOC?
A HELOC is a revolving line of credit secured by your home. You can borrow up to 65-80% of your home's appraised value minus your mortgage balance. Interest rates are typically prime + 0.5% or less.
Who Qualifies?
You need sufficient home equity (typically 20%+), a credit score of 650+, and verifiable income to qualify for a home equity loan or HELOC in Canada.