CIBC – Personal Loan

CIBC (Canadian Imperial Bank of Commerce) is one of Canada's five largest banks, founded in 1961 and headquartered in Toronto. With over 11 million personal banking and business clients, CIBC operates a broad network of branches and ATMs across Canada and offers a comprehensive suite of digital banking services through its award-winning app. CIBC personal loans are a popular choice for debt consolidation, major purchases, and unexpected expenses.

CIBC personal loans are available from $3,000 to $200,000 with terms from 1 to 5 years for unsecured loans. Fixed-rate loans provide payment certainty throughout the term. Applications can be submitted online via CIBC Online Banking, at a branch, or by phone. Existing CIBC customers with a chequing account may receive faster processing and funds in as little as 1 business day. Variable-rate lines of credit are also available as an alternative to a fixed-term loan.

CIBC is federally chartered and regulated by OSFI; deposits are CDIC-insured. As a major institution, CIBC tends to offer more competitive rates to applicants with strong credit profiles (680+ score). If your credit history is limited, consider whether a secured loan or line of credit might give you access to better terms. Comparing CIBC's posted rates with those of digital-first lenders is always worthwhile before committing.