Whether consolidating debt, funding a project, or covering unexpected expenses, goPeer connects you with Canadian investors ready to support you while keeping your identity anonymous.
*No impact on your credit score
8.99%
With goPeer, you can borrow directly from other Canadians, with fair repayment terms and no middlemen involved.
Our platform connects you with individual investors who are willing to lend you the funds you need, with no hidden fees or inflated interest rates.
Plus, our quick and easy application process means you can get approved for a loan in as little as 24 hours.
With goPeer, borrowing money has never been easier.
STEP 1
Sign up
Set up your goPeer account quickly and easily.
STEP 2
Apply for a loan
Check your eligibility and submit your loan application.
STEP 3
Get results within 24-48 hours
Loan offers will be sent directly to your goPeer dashboard.
STEP 4
Receive funds to your bank account
Once fully funded, the money is sent directly to your bank account.
Here are our minimum requirements to be approved for a loan on goPeer.
If you meet these requirements then please proceed to apply through our website. If unsure, you may still proceed to apply using our pre-qualification flow, which will verify your eligibility without impacting your credit score.
Applying for pre-qualification at goPeer will not impact your credit score. Pre-qualification is a soft credit inquiry that allows you to verify your eligibility, view your estimated rate, and get access to your FICO™ Score 8, which is the credit score used by 90% of lenders. This process helps you explore your loan options without affecting your credit.
If you decide to proceed with a full loan application, a hard credit check will be performed. While a hard inquiry may impact your credit score, the effect is usually minor and temporary. The slight dip in your score typically recovers over a short time, and should not discourage you from applying if you’re seriously considering a loan.
The main reason our rates are cheaper than the rates offered by the competition is that we are a peer-to-peer lending company.
Banks use deposits from savers to lend to borrowers and charge high APRs, keeping the profits for themselves.
With us, you get to cut out the banks and borrow directly from fellow Canadians. Most of them are ordinary people wanting to get better interest rates than if they were to put their money in a savings account and so they are happy to accept lower APRs than the banks would charge. As we are internet based, we also don’t have the same overheads as banks do with multiple branches, so this helps keep the costs down.
goPeer charges borrowers an origination fee, the amount of which is dependent on how much you would like to borrow, the repayment term and your personal credit profile. There is nothing to pay up front, the origination fee is deducted from the proceeds of the loan.
When you apply for a loan, we will tell you the fee that applies; it is also included in your APR so that there’s no surprise. No hidden fees.
At goPeer privacy and security is very important to us and is something that we take seriously. We operate a digital business within the financial services sector, necessitating increased consideration and scrutiny. Appropriately our platform has been built upon the principals of Security by Design, meaning that it has been designed from the foundation to be secure.
We implement a multi-layered approach to security, with strict constraints and controls in place for each layer to establish a fortified barrier. Among these layers we incorporate specialised security protocols including bank grade or better encryption of data at rest, in motion, and additional public-key (RSA-4096) encryption of sensitive information. The public-key encryption allows a system collecting sensitive data to encrypt and store it, but not retrieve or decrypt it, ensuring that no system or person, including staff, can decipher it, except for the intended system.
As a securities dealer and the first registered consumer peer-to-peer platform in Canada, we are subject to an annual third-party audit. goPeer has retained Stamped, Chartered Professional Accountant Inc. as it’s auditor.
Further details pertaining to the security and privacy of personal data is disclosed within our Privacy Policy.
Yes, borrowers can repay their loans early without a prepayment penalty. Extra payments can be made conveniently through the goPeer self-serve platform.
goPeer may solicit its clients to leave public reviews. The testimonials presented may not be representative of the views of all investors or borrowers, and your own experience may differ.
Subscribe to our newsletter for the latest news and product updates straight to your inbox.
Disclaimer: goPeer offers unsecured personal amortizing loans throughout Canada in amounts from $1,000 to $35,000 with terms of 3 or 5 years and annual percentage rates (“APR”) between 8.99% and 34.99%, depending on an assessment of the borrower’s credit profile, financial position, and ability to service the loan. If a payment is unsuccessful, goPeer may charge an unsuccessful payment fee of $50. If a payment is late 30 or more days, goPeer may charge a late payment fee of $25 or 5% of the payment due, which ever is greater. goPeer charges an origination fee included in the advertised APR. There are no other fees on loans. Loans are subject to credit and underwriting approval and lending rules may vary by province. For example, the average borrowing cost paid on a $10,000 unsecured personal loan at an APR of 15.0%, with a 5-year term and weekly payments of $54.72 is $4,228.17.
500 4th Ave SW, Suite 2500
Calgary, Alberta T2P 2V6
111 Peter Street, Suite 700
Toronto, ON
M5V 2H1
© 2024, goPeer®. All Rights Reserved.
Peer Securities is a member of the Ombudsman for Banking Services and Investments,
and a registered exempt market dealer in all Canadian provinces. NRD #65410
Français du Canada 
