Loans and Lines of Credit

Peer to Peer Lending in Canada (P2P)

Peer to Peer Lending in Canada (P2P)

Peer-to-peer lending can be a great alternative to typical financial institutions for borrowers as well as a great way to diversify investment portfolios for lenders.

Personal Loan vs Line of Credit: What’s the Difference?

Personal Loan vs Line of Credit: What’s the Difference?

If you're in need of financing, two great ways to borrow money are a loan and line of credit. Here's how they work and how they differ from each other

Unsecured vs Secured Loans in Canada: What’s the Difference?

Unsecured vs Secured Loans in Canada: What’s the Difference?

Loans can be classified as secured or unsecured. Learn the one crucial aspect that separates these two types of debt and how each works in practice

Forgivable Loans in Canada

Forgivable Loans in Canada

Though it may be hard to believe, it's possible to have certain loans forgiven, which means you don't have to repay them. Here's which loans qualify.

What is an Installment Loan in Canada?

What is an Installment Loan in Canada?

An installment loan is a loan which you repay in equal installments over a preset time period. Here's how it works and how to get approved for one.

What is a Secured Loan in Canada?

What is a Secured Loan in Canada?

To acquire a secured loan, you'll have to pledge an asset you own as collateral. Here's how it works and why it may be worth getting one.

PPP Paycheck Protection Program Loan Explained

PPP Paycheck Protection Program Loan Explained

The Paycheck Protection Program (PPP) is a financial aid initiative implemented by the U.S. government to help small businesses. Here's how it works.

No Interest Loans in Canada: Too Good To Be True?

No Interest Loans in Canada: Too Good To Be True?

Is it really possible to get a no-interest loan in Canada? The answer is yes! But in some cases this form of financing comes with hidden traps.

Best Line of Credit with Rates in Canada (2022)

Best Line of Credit with Rates in Canada (2022)

A line of credit can be a handy tool for financing large purchases and covering cash shortfalls. Learn how it can work for you in this detailed guide.

Which Professional Student Line of Credit Should You Choose? (BMO, Scotiabank, TD, RBC, CIBC)

Which Professional Student Line of Credit Should You Choose? (BMO, Scotiabank, TD, RBC, CIBC)

Are you keen on studying law or medicine at university but worried about the high price tag? A professional student line of credit can help.

Investment Loans in Canada: Borrowing to Invest

Investment Loans in Canada: Borrowing to Invest

An investment loan is a financial product that may help you increase your portfolio. Discover the risks, benefits, and whether one's right for you.

Best Personal Loans in Canada (2022)

Best Personal Loans in Canada (2022)

Loans can make sense if you need a lot of money all at once. But it's important to understand the different types of loans, and how interest works.

Car Title Loans in Canada: Here’s What You Need to Know

Car Title Loans in Canada: Here’s What You Need to Know

Are you stuck with a title loan that's hurting your bank account? If so, there's options you can explore to escape it or lessen its impact.

Is Line of Credit Interest Tax Deductible in Canada?

Is Line of Credit Interest Tax Deductible in Canada?

No one likes paying interest on a LOC. However, in certain cases, you may be able to deduct it from your tax return to reduce your tax bill.

Credit Building Loans: Build and Repair Your Credit

Credit Building Loans: Build and Repair Your Credit

Is your low or non-existent credit score preventing you from obtaining financing? If so, see how a credit builder loan can help you give it a boost.

RRSP Loans: Benefits and Drawbacks

RRSP Loans: Benefits and Drawbacks

Do you lack the cash to contribute to your RRSP? If so, an RRSP loan can help you cover the shortfall. Learn how it works and if it's right for you.

Canadian Apprenticeship Loan Explained

Canadian Apprenticeship Loan Explained

Looking to train as a tradesperson but lack the funds to do so? If so, there's financial aid available through the Canada Apprenticeship Loan program

What is a Line of Credit and How Does a Line of Credit Work

What is a Line of Credit and How Does a Line of Credit Work

A line of credit is a loan product that offers a convenient and flexible way to borrow money when you need it. Learn how it works and how to get one.

Student Loan vs Student Line of Credit in Canada

Student Loan vs Student Line of Credit in Canada

Student loans and lines of credit are both popular ways to finance your post-secondary studies. Here's how they compare with one another.

Car loan vs Line of Credit: What’s the Difference?

Car loan vs Line of Credit: What’s the Difference?

Having trouble deciding how to finance your car purchase? If so, ensure you consider which option is more financially prudent rather than convenient.

Debt Consolidation Loans in Canada: Pay Down Your Debt

Debt Consolidation Loans in Canada: Pay Down Your Debt

Debt consolidation is a versatile financial strategy that can streamline your money and pay down debts. Read more to find out how it can help you.