Tangerine – Personal Loan
Tangerine is Canada's leading digital bank offering personal loans with no fees, a fully online process, and competitive fixed rates.
Applying does not obligate you to accept a loan offer.
Tangerine Personal Loan – 2025 Review
Tangerine, a subsidiary of Scotiabank, is Canada's premier branchless bank. Their personal loans are entirely online with no fees, making them a favourite for tech-savvy Canadians who prefer digital banking.
Tangerine Loan Features
Tangerine offers fixed-rate personal loans with no origination fees, no annual fees, and the ability to set your own payment schedule (weekly, bi-weekly, or monthly).
✓ Pros
- Zero fees
- Flexible payment frequency
- Fully digital
- Backed by Scotiabank
✗ Cons
- No physical branches
- Existing Tangerine account may be required
- Limited to $35,000
Loan Example
Example: $5,000 loan for 24 months at 11.99% APR = monthly payment of $235.37, total payable $5,648.88.
Eligibility Requirements
- ✓ Age 18+ years
- ✓ Canadian resident
- ✓ Income verification
- ✓ Credit score 640+
- ✓ Valid ID
Loan Features
- No fees – no origination or annual fees
- Flexible payment schedule (weekly/bi-weekly/monthly)
- Fully online process
- No prepayment penalty
- Scotiabank-backed
Frequently Asked Questions
24-48 hours after submitting your application.
The minimum amount at Tangerine is $1,000 CAD.