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Home Renovation Loans

get up to $25,000 loan online FUNDED BY FELLOW CANADIANS

Affordable rates from 8% APR

Canada's first consumer peer to peer lending platform

goPeer is Canada’s first consumer P2P lending platform dedicated to helping everyday Canadians to lend and borrow from each other. Our innovative approach to lending focuses on financial wellness, empowering Canadians to help each other achieve their goals faster. 

goPeer is able to offer better rates to borrowers than traditional lenders while allowing everyday Canadian investors to access a new investment asset class – consumer loans!

goPeer helps you achieve your financial goals

A P2P personal loan through goPeer can help you take control of your finances.

A peer to peer personal loan is great to pay for a variety of needs such as home improvement, unexpected costs, vehicle expenses, medical expense, major purchases and more. You can also use a peer to peer personal loan to consolidate debts. In fact, peer to peer personal loans often allow you to consolidate multiple types of debts, including credit card debt and medical debt at a lower rate than you might be currently paying.

Credit card consolidation

Refinance your credit cards with a better rate and get out of debt faster.

Debt consolidation

Manage a single fixed monthly payment at an affordable rate.

Home renovations

Borrow money to help you get started on home improvement/renovations

Auto repair or financing

Fast access to funds for unexpected auto repairs or to purchase a vehicle.

Medical expenses

Medical expenses can arise at any time. goPeer will have you covered fast.

Big purchase

Purchasing a wedding ring or major appliances is now easy with goPeer

Are you eligible to borrow
on goPeer?

  • You are 18 or over
  • You have a credit score of at least 600
  • you have a regular source of income over $15,000 per year
  • You hold a Canadian bank account
  • You have been a Canadian resident at least 3 years

How do goPeer loans work

Easy and convenient online application

Apply online for a peer to peer loan from the comfort of your home. Rest assured, our platform is fully secured. We have dedicated tremendous resources to utilize state-of-the-art security protocols with advanced end-to-end data encryption.  

Receive a quick response

Get a response within 24 hrs on your loan application. Loan offers will be sent directly to your goPeer dashboard. Fast and convenient. 

Get your money fast

Select a loan offer that’s right for you and the funds will be deposited into your bank account via direct deposit. Investors will have the opportunity to fund your loan, which is done anonymous.​​

Committed to full transparency

goPeer charges borrowers with one single origination fee, the amount of which is dependent on how much you would like to borrow. There are no early repayment fees or hidden costs for taking out a peer to peer loan on goPeer. 

You've got questions. We've got answers.

Applying for a loan

As a peer-to-peer lender, our criteria for lending are different from traditional lenders. It is our investors’ money that is being lent, and we take seriously the need to be as responsible as possible in our lending decisions. This means our lending criteria are higher than most lenders.

Once you have applied and accepted the terms of the loan, a loan request will be posted on our platform and investors will have the opportunity to lend you money. The funds will be transferred into your account as soon as the loan is funded by investors. This usually takes a few days.

If all the information you provided is accurate, you could be given an instant decision. Otherwise, if we require additional information our team will contact you requesting the necessary information. Once the information is received, we aim to provide a decision within 1 working day.

The three main considerations for applications being declined or approved are the affordability of the loan, your credit score and past credit history.

Of course you can! There is no fee or prepayment penalty for doing so. If you would like to make additional payments, to clear your loan quicker, log into your borrower dashboard and deposit any amount from your bank account.

The amount paid will be deducted from the total balance of your loan. Once the payment has cleared, your term will automatically reduce.

The origination fee allows us to cover our costs. This allows us to create, maintain and service your account throughout your journey with us. The origination fee is built into the APR (Annual Percentage Rate) along with your fixed annual interest therefore there are no hidden charges.

The general risk of borrowing with us is the same as the risk of borrowing from any other lender. You will need to consider if the repayments are affordable for you on a monthly basis. You will also need to ensure you have a plan in place should your employment circumstances change.

How goPeer works

Borrowing through goPeer is anonymous. Investors will never know your identity, they only have access to details on the loan and the associated credit risk metrics.

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 returns 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. Click here for more details on our rates and fees.

Our quotes carry no obligation for the Borrower. If you register for a quote, we’ll ask you a few questions so we can tell you how much you can borrow with goPeer and your likely APR.

This process is completely free and without obligation – Borrowers only pay a fee if they decide to take out a loan. The origination fee is deducted from the proceed of the loan, there is nothing to pay upfront.

Many Canadians choose to borrow through goPeer as our APR rates are often much cheaper, we have no early repayment fees and accounts are easy to manage online. Add that to the speed of our application process (instant quote available online, and 1 day to receive a credit decision), and it’s a winner. The interest on the loan is paid directly to the people who lent to you, so you’re giving back to investors, not to big banks. Not to mention our lovely customer service team, who are available at the end of the phone to help you with any questions you may have.

Our borrowers are individuals living in Canada. To borrow with goPeer you need to be at least 18 years old, have a good credit history and a regular income.

From the point of your application being approved, you can log in to your account at any point up to 2 weeks to accept your loan online.

goPeer offers a secure paperless application process, to apply for a no obligation quote simply:

    • Choose how much you wish to borrow and for how long. We offer loans from $1,000 – $25,000 over 3 or 5 years.
    • Receive an immediate personalized quote.
    • If you wish to apply for a loan, we’ll ask a few more questions.
    • Once approved, your loan will be posted on the platform for investors to invest in your loan. Funds will be in your bank account within 2 business days of the loan being fully funded.


Yes, you can pay off all or part of your loan early at any time and there are no early repayment fees. You can make additional payments or repay your loan off in full; all these functions can be managed online through your dashboard.

First, do not panic, things happen we understand. You can make your payment online through your borrower dashboard. If you are unable to make your payment immediately, you will receive notification of the missed payment and a date when we will resubmit for the payment. If this date is not suitable please contact our team and we can amend the date for you. Our team can help.

Payment is arranged by direct debit, to be collected once a month. Your first repayment is usually scheduled to be debited one calendar month after you accept your loan.

We get it! Despite our best intentions, life can sometimes throw a curveball. Don’t worry, we’re here to help. Please connect with our team of trained professionals who will listen and work with you to identify a suitable plan.

Apply for a peer to peer loan today

Disclaimer: goPeer offers unsecured personal amortizing loans throughout Canada in amounts from $1,000 to $35,000 with terms from 1 to 5 years and Annual Percentage Rates (APR) between 8% and 54%, 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, whichever 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.