goPeer Personal Loan
Peer-to-peer lending platform connecting borrowers with individual investors
Last checked on May 13, 2026. We may earn a commission when you click through.
goPeer offers a unique peer-to-peer lending experience, connecting borrowers with individual investors. However, its interest rates can be high, ranging from 8.99% to 34.99%.
goPeer Personal Loan
Updated 3 days ago| APR | Amount | Term |
|---|---|---|
| 8.99–34.99% | CA$1,000–CA$35,000 | 36–60 mo |
Requirements
Canadian resident
Credit score 600+
Active bank account
Decision
3-5 business daysOur Verdict
goPeer offers a unique peer-to-peer lending experience, connecting borrowers with individual investors. However, its interest rates can be high, ranging from 8.99% to 34.99%.
Best For
This platform is best for borrowers looking for flexible loan amounts between CAD 1,000 and CAD 35,000, particularly those with a credit score of 600 or higher.
Watch Out
Be mindful of the high APR rates, which can significantly increase the overall repayment amount. Approval may take 3-5 business days.
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About this loan
goPeer offers a unique peer-to-peer lending experience that can provide competitive rates for borrowers and solid returns for investors, making it a noteworthy option in Canada's lending landscape.
What Customers Say
Users appreciate the innovative lending model but express concern over the high-interest rates and lengthy approval times.
Expert Analysis
With APR rates between 8.99% and 34.99%, goPeer caters primarily to those with standard credit scores. While it provides attractive loan amounts from CAD 1,000 to CAD 35,000, the cost of borrowing can be steep for those at the higher end of the rate spectrum.
The company's peer-to-peer model allows Canadians to borrow from individual investors, potentially resulting in lower rates than traditional lenders. However, this is not the case for everyone—only borrowers with solid credit profiles might secure lower rates. Those with scores below 600 may find themselves facing higher costs or being ineligible.
Approval times are relatively quick, usually within 3-5 business days, but if you're in urgent need of funds, you might want to look elsewhere. While goPeer is popular, it does not suit everyone, particularly those with lower credit scores or who need immediate loans. For alternatives, consider traditional banks or credit unions that might offer lower rates for those with good credit histories.
Rates shown are representative. Your actual rate may differ based on your circumstances. We may earn a commission for referrals.
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