Loans and Lines of Credit

What is a Secured Loan?

What is a Secured Loan?

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.

Secured Loans vs Unsecured Loans

Secured Loans vs Unsecured Loans

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

Student Loan vs Student Line of Credit

Student Loan vs Student Line of Credit

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

RRSP Loan: Should You Take One?

RRSP Loan: Should You Take One?

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.

Peer to Peer (P2P) Lending in Canada Explained

Peer to Peer (P2P) Lending in Canada Explained

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.

No Interest Loans in Canada: What to be Aware of

No Interest Loans in Canada: What to be Aware of

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.

Borrow to Invest in Canada

Borrow to Invest in Canada

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.

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.

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.

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.

Credit Builder Loan Canada: Improving Your Credit

Credit Builder Loan Canada: Improving 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.

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.

Canada Apprentice Loan Explained

Canada Apprentice 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

Best Personal Loans in Canada (2024)

Best Personal Loans in Canada (2024)

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 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.

Loan vs Line of Credit: Key Differences

Loan vs Line of Credit: Key Differences

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

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 line of credit. However, in certain cases, you may be able to deduct it from your tax return to reduce your tax bill.

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.

Best Lines of Credit in Canada (2024)

Best Lines of Credit in Canada (2024)

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.