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Peer to Peer Lending – Invest – 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 monthly passive income – just like a bank!

Diversify your Portfolio

goPeer offers a new fixed income asset class uncorrelated with stocks or bonds.

Invest as little as $10 per loan and diversify your investments 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.

The goPeer Platform

Explore the Marketplace

Browse through the platform and select the loans that match your investment objectives.

Loan Marketplace 2

Perform Due Diligence

Each investment note provides borrower details such as their annual income, credit score range, debt-to-income ratio, and more. 

Loan Details 2

Portfolio & Activity Tracking

Gain in-depth insights of your investments made through goPeer. Export and analyze your portfolio data as you wish.   

Dashboard 3 (2021-05-14)

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. 

Invest | goPeer

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.

Diversification

With a $10/loan minimum investment, spreading your investment across many borrowers is important to stabilize your returns.

Loan Servicing

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. 

goPeer has been featured on

goPeer has been featured on

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.

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. We are able to offer better rates to borrowers than traditional lenders while allowing everyday Canadian investors to access a new passive income asset class.

Benefits of investing through goPeer

Recurring cash flow

Earn recurring, monthly passive income in the form of loan installment repayments.

One low fee

Investors are assessed one low annual servicing fee of 1.5% on the repayments.

Compound your interest

Use the Auto Invest automatically select investments and reinvest your earnings.

Regulated under Canadian laws

goPeer has all the necessary licences and permits to operate in compliance with Canadian laws.

Safe and secure

Your uninvested funds are held in trust. goPeer uses state-of-the-art data encryption.

Help out real people

When you invest in a goPeer loan, you contribute to helping real people in Canada.

goPeer Statistics

In the spirit of transparency and building trust with our members, we will regularly update historical statistics on loans issued through goPeer. 

Join the thousands of people who love investing through goPeer

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Investors

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Loan applications received

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Average interest rate

Data as at December 31, 2021.

What our members say about goPeer

Google Reviews (4.8/5)
4.8/5
Angela
goPeer Borrower
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Great customer service. Really went out of there way to help get a great loan.
Ganesh K.
Ganesh K.
goPeer Investor
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Very streamlined process. Working with goPeer was very easy and quite professional. Received great customer service as well. I recommend goPeer for both investing peer-to-peer and borrowing from other peers. A+ service.
Colin L.
goPeer Investor
Read More
Simple, easy. you know what you get! Always responsive to your questions! Thought this kind of investment were over complified for simple folk like me, but go peer eliminate that barrier!
Etienne J.
Etienne J.
goPeer Investor
Read More
Great interface. Interesting platform for Canadian investors to benefit from peer to peer lending.
Linda C.
goPeer Investor
Read More
They help people! Great company, great team! My best investment and it's for Canadian, Bravo! At goPeer.ca, they really help people financially among Canadians! No bureaucracy, which offers an excellent return for investors, while offering a reasonable rate for borrowers.
Mathieu D.
goPeer Investor
Read More
A great way to diversify your investments! Very 'user friendly' interface and a team that responds quickly to questions and uncertainties I had.
Stephen N.
goPeer Borrower
Read More
My experience with GoPeer was easy and stress free. The contacts by phone and emails were very professional. If you need a leg up financially, I would recommend looking into goPeer.
M.
goPeer Borrower
Read More
Very nice people, and very honest in why I was declined. Will try again in a few months to a year (: .
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Start investing in 5 minutes

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.

Investing

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

How it works

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.

Managing risk

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.

Read our privacy policy for more information about how we collect, store and use 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.

Disclaimer:

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

Please note:

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.