* As you are investing to your own individual portfolio of Notes, actual returns may be higher or lower than estimated. These projections or expectations may be revised for a number of reasons, including if macroeconomic conditions change, and the projected yields and returns will be adjusted to reflect this.
Peer to Peer Lending – Invest – Google Display / Video ads
Canada's First Consumer
Peer to Peer Lending Platform
Lend to Canadians and earn interest on your loans
Gross returns from 7.5% to 28%*
How it works
goPeer connects Canadians looking for a loan with Canadians looking to invest.
As a goPeer investor, you invest in Canadian consumer loans, earn interest and generate monthly passive income.
Diversify your Portfolio
goPeer offers a new fixed income asset class with typically low correlation to traditional assets.
Invest as little as $10 per loan and spread your investment across as many borrowers as you wish to stabilize overall returns.
Get Monthly Payments
Borrowers make fixed monthly repayments with interest, which are deposited directly into your account.
Use the Auto-Invest feature to automatically select investments and reinvest your earnings to compound your interest.
Help Fellow Canadians
goPeer is 100% Canadian. When you invest in a goPeer loan, you contribute to helping real people in Canada.
Our innovative approach to lending focuses on financial wellness, empowering Canadians to help each other achieve their goals faster.
How we mitigate risk
Rigorous credit assessment
goPeer uses advanced technology to assess every application, so only creditworthy individuals are approved for a loan and placed onto the platform.
With a $10/loan minimum investment, spreading your investment across many borrowers is important to stabilize your returns.
When a borrower is unable to fully repay their loan, goPeer handles everything for you. goPeer’s collections and recoveries team works to recover as much as possible for you so that your returns can be as high as possible.
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What our members say about goPeer
Benefits of investing through goPeer
The goPeer Platform
Explore the Marketplace
Browse through the platform and select the loans that match your investment objectives.
Perform Due Diligence
Each investment note provides borrower details such as their annual income, credit score range, debt-to-income ratio, and more.
Portfolio & Activity Tracking
Gain in-depth insights of your investments made through goPeer. Export and analyze your portfolio data as you wish.
Investing on Auto-Pilot
With Auto Invest , goPeer can do the heavy lifting for you. Auto Invest actively looks for investment notes based on your preferred risk grades and uses a portion of your available funds to automatically invest into them.
Join the thousands of people who love investing through goPeer
Loan applications received
Average interest rate
Data as at December 31, 2021.
In the spirit of transparency and building trust with our members, we will regularly update historical statistics on loans issued through goPeer.
How does goPeer make money?
Investors are assessed a 1.5% annual servicing fee (0.125% monthly) deducted from loan repayments, so you only pay when you earn.
No management, brokerage account, or transaction fees.
No charges to deposit, transfer or withdraw funds.
1 Answer a few questions about your investment objectives.
2We’ll determine what note grades are suitable for you.
3 Transfer funds and start investing.
Get started today
Have questions? Here are the answers.
Investment on our platform is open to any individual living in Canada. You do not need to be an accredited investor or financial institution to invest through goPeer.
goPeer connects people seeking loans with investors like you. As an investor on our platform, you are purchasing interest in loans originated by goPeer. More specifically, you are buying payment-dependent notes issued by Peer Capital Corporation, privately placed by Peer Securities Corporation, a registered as exempt market dealer in all Canadian provinces, and which are dependent for payment on corresponding loans originated by goPeer Corporation.
You earn 100% of your pro rata share of the principal and interest (after the servicing fee) as borrowers repay their loans, and you hold the entirety of the risk. No claim may be made against goPeer (or its affiliates) for shortfalls resulting from loan defaults.
goPeer charges a 1.5% servicing fee, which is applied as a 1/12th of 1.5% monthly fee (0.125%) on the unpaid principal balance of outstanding loans. This fee is deducted from borrower payments on the loans underlying your Notes. Peer Securities does not charge any separate or additional brokerage account or transactional fees.
The minimum amount you can invest per loan is just $10. There are no minimum transfer commitments.
After you have set up your account you will have access to our Investor Portal, which allows you to access the platform, view your portfolio, monitor returns, and much more. You’ll also receive monthly account statements with investment information including portfolio holdings, payment history, and unpaid principal balance.
goPeer is required by law to ensure that your goals and experience as an investor are aligned with this investment opportunity. The suitability section of your investor profile helps us understand your investment experience and objectives, liquidity needs, and risk tolerance. This information will not be used for marketing purposes and will not be sold, rented or loaned to any third party
We encourage investors to use Auto Invest to build a diversified portfolio and compound the interest earned. However, automated investing is optional. You can browse the platform within the Investor Portal to search for investment opportunities that suit you, subject to diversification requirements.
The Investor Portal gives you the ability to view information such as the borrowers’ locations, industry of employment, annual income and purpose of the loan. You can also view the borrowers’ financial details and see key attributes of the corresponding loans, including debt-to-income ratios, income, and credit score ranges.
Only individuals that have passed our credit assessment process can borrow through goPeer.
New loans are listed frequently. Please check back onto the goPeer Invest tab for the new listed loans.
As you set up your profile, you will provide a bank account to be used for deposits and withdrawals. You can withdraw your repayments as they come in, if Auto Invest is turned off, as well as any of your funds that aren’t lent out. There are no fees to make a withdrawal.
No, due to regulatory restrictions, goPeer does not offer a secondary market at this time. You should invest with the intent and expectation of holding purchased Notes until maturity.
You need to be living in Canada and have a Canadian bank account to be able to invest through goPeer.
goPeer’s collections and recoveries team pursues every single late or defaulted loan to recover as much as possible. We use a variety of methods and technologies that analyze the specific financial situation of each borrower to maximize your recovery.
When a loan defaults, your account will show a total loss of principal. However, we will continue to work to make recoveries, so it’s worth remembering that the amount “lost” on recent defaults may improve over time.
Yes, borrowers can repay their loans early without a prepayment penalty. If this happens, your outstanding principal will be returned to your investor account where it can be lent to other borrowers.
Please consult your tax professional to address your specific taxation requirements. goPeer provides investors with a T5 Form.
goPeer closely monitors external macroeconomic conditions in addition to the performance of loans. Where signs indicate worsening conditions, we will make credit strategy changes to favor investor yield for new loans.
In addition, we regularly perform stress tests to simulate what could happen to investor returns during difficult periods, for example during an economic downturn. This is just one of many steps we’ve taken as part of a comprehensive, data-driven approach to risk management at goPeer.
We take the privacy and information security of our investors, borrowers and partners incredibly seriously, and are committed to providing the best level of protection for our customers and their data.
We believe that full and strict adherence to regulations is essential to protect both our investors and borrowers, and to build a sustainable business.
Peer Securities Corporation, a wholly-owned subsidiary of goPeer, is registered as an exempt market dealer in Alberta, British Columbia, Manitoba, New Brunswick, Newfoundland and Labrador, Nova Scotia, Ontario, Prince Edward Island, Saskatchewan and Québec. You can verify Peer Securities’ registration via the Canadian Securities Administrators “Are they registered?” tool.
goPeer’s securities operations are regulated by each jurisdiction in which it offers securities.
Additionally, goPeer is subject to the provincial laws of each jurisdiction in which it offers and funds loans. On a federal level, goPeer’s lending operations are subject to specific statutes enforced by the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC), as well as other federal agencies.
Have more questions?
We have a detailed Help Centre to answer some frequently asked questions.
This information should not be construed as legal, tax, investment, financial, or accounting advice. The information may contain various forward-looking statements, which are statements that are not historical facts and that reflect goPeer’s beliefs and expectations with respect to future events and financial and operational performance. These forward-looking statements involve known and unknown risks, uncertainties, assumptions, estimates and other factors, which may be beyond the control of goPeer and which may cause actual results or performance to differ materially from those expressed or implied from such forward-looking statements. Nothing contained within the information is or should be relied upon as a warranty, promise, or representation, express or implied, as to the future performance of any loans. Investments available through goPeer are not bank deposits (and thus is not insured by the CDIC or other federal governmental agency), are not guaranteed, and may loose value. Investors must be able to afford the loss of their entire investment. This website provides preliminary and general information about the notes available on goPeer and is intended for initial reference purposes only.
goPeer offers unsecured personal loans in all of Canada (different lending rules may apply depending on your province) with terms of 36 or 60 months and APR between 8% and 33.92% depending on our assessment of your credit profile. Loan amounts range from $1,000 to $25,000. If a payment is returned or fails because of insufficient funds, goPeer may charge an NSF fee of up to $50. If a payment is late, goPeer may charge a late payment fee of $25 or 5% of the payment due, whichever is greater. goPeer does not charge any administration fees on loans. Example: The total cost of borrowing $10,000 at an interest rate of 7.66% with a 0.5% origination fee for 36 months equates to an annual percentage rate (APR) of 8.0%, total interest of $1,224.71 and a fee of $50.00 for a total cost of $1,274.71 with a monthly payment of $311.80
Past performance is not a guide to future returns, and your capital is at risk when investing through goPeer. As you are investing to your own individual portfolio of loans, your actual return and the actual bad debt you experience may be higher or lower than projected net returns. Please reach out to a Dealing Representative registered with Peer Securities Corporation (operating as goPeer) if you have any questions.