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
Secured Loans – Lower Rates with Collateral
Comparing 7 offers. Updated April 17, 2026.
Best Offers – Secured 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
Fairstone
Fairstone specializes in personal loans for Canadians with fair-to-good credit, offering fast approval and flexible repayment options.
$500 CAD – $50,000 CAD
APR from 19.99%
Approval: 24 hours
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 secured loan is backed by collateral — typically your home, vehicle, or other assets. Because the lender has security, interest rates are lower than unsecured loans, and approval may be easier for those with lower credit scores.
Types of Secured Loans in Canada
Common secured loans include home equity loans, HELOCs, car loans, and secured personal loans. Fairstone and major banks all offer secured personal loan options.