Personal and Home Equity Loans Designed for You

Whether you need funds for unexpected expenses, home renovations, debt consolidation, or major life events, The Source offers loan solutions tailored to your financial situation.

Applying won’t affect your credit score

Flexible Loan Solutions to Meet Your Needs

We provide both secured and unsecured personal loans, as well as home equity loans, ensuring you have access to the right borrowing option for your needs.

Our Loan Services

Common Uses for Loans

Finance What Matters Most

Our loans can be used for a variety of purposes, including:

  • Debt Consolidation: Combine multiple debts into one manageable payment.

  • Home Improvements: Fund renovations, repairs, or upgrades.

  • Unexpected Expenses: Cover medical bills, car repairs, or emergency costs.

  • Education & Tuition: Invest in your or your family’s future.

  • Major Purchases: Buy furniture, appliances, or other essentials.

Our flexible loan options ensure you have the financial support you need.

Curious About Borrowing Rates?

We help you assess your budget, risk tolerance, and financial goals to choose the best borrowing rate for your needs.

Personal Loan FAQ

  • A personal loan, also referred to as an instalment loan, is repaid over a set period of time, or term, through regular, affordable payments. It can be used to cover unexpected expenses like car or home repairs, replacing appliances, or planned expenses like a home renovation or vacation.

    Are you wondering what the difference is between our loan products? Read more about secured vs. unsecured loans, or contact us to find out which one is right for you.

  • First, let's take a look at what affects your interest rate:

    1. Personal factors like your credit score and the type of loan you choose

    2. Economic factors like inflation and Canada’s prime lending rate

    You can’t control economic conditions, but you can control the personal factors that a lender considers when determining the interest rate on your loan.

    Here are three tips that can rebuild your credit score and lower the interest rate on your next personal loan:

    1. Use less than 25% of your credit card balance – staying under this threshold can help improve your credit score

    2. Limit credit inquiries – by doing so, this will reflect positively on your credit score

    3. Choose a secured loan if you’re a homeowner. Contact us to speak to your Lending Specialist about your options.

  • Apply for a secured loan from The Source Financial in three steps:

    1. Apply online

      Enter how much you’re looking to borrow and complete a few simple details.

    2. Connect with a lending specialist

      A lending specialist will be in touch to customize your loan details.

    3. Receive funding

      Receive direct funding as early as same day for most loans.

    Interested in a secured loan? Apply now in minutes to find out how much money you could borrow.

  • There are several types of lenders available to Canadians. The lender you choose will depend on your financial situation. The Source Financial focuses on lending to Canadians in the fair to good credit score range. Often, people come to us as an alternative solution if they don’t meet the lending criteria at their bank.

    Since we’re mainly focused on lending money, we’re able to service customers quickly – most of our customers receive their money the same day they apply. Our quick and personalized service makes us a convenient option for anyone facing an urgent or unexpected expense.

  • The Source Financial can lend you money quickly to cover an urgent or unexpected expense like a car or home repair, with a personal loan up to $100,000. Get started with an online loan quote to find out how much money you could qualify for, and what your payments might be (the entire process only takes a few minutes). If you’re happy with your loan quote, complete the loan process online or at your local branch – you could have your money the same day you apply.

    Once the loan is approved, we can direct deposit the money into your bank account.

Secured vs Unsecured Loans

Understand the key differences between secured and unsecured loans to make an informed decision. Whether you need lower rates or quick access to funds, we have options to fit your goals.

  • Secured Loans – Backed by collateral, offering lower rates and higher borrowing limits.

  • Unsecured Loans – No collateral required, with quicker approvals and flexible use.

  • Which is Right for You? – Secured loans suit larger needs, while unsecured loans offer convenience.

Understanding the differences helps you make the best choice for your financial goals.

What our customers say about us

  • "The Source helped me secure the funds I needed quickly and easily. The process was straightforward, and their team was fantastic to work with!"

    Sarah L.

  • "I was nervous about applying for an unsecured loan, but The Source made it stress-free. They explained everything clearly and got me approved in no time!"

    Mark T.

  • "Thanks to The Source, I’ve consolidated my debt into one manageable payment. It’s such a relief to finally feel in control of my finances -thank you!"

    Emily R.

  • "The Source's credit help services were a lifesaver. They guided me through improving my credit score and qualifying for better loan options."

    James K.

  • "Getting a HELOC with The Source was a game-changer for our home renovations. The terms were great, and the funds were there when we needed them."

    Lisa M.

  • "I needed a second mortgage for some big expenses, and The Source delivered. Their team made the process smooth and hassle-free."

    Hirad W.

  • "When an emergency came up, The Source came through for me. Fast approval, great service, and peace of mind when I needed it most."

    Jessica P.

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