Advertiser Disclosure — Spot Canada Loan

Last updated: January 1, 2026

How we get paid

Spot Canada Loan is a free service for borrowers. We make money when one of our licensed lender partners funds a loan that originated through our platform. The lender pays us a referral fee — you do not.

How offers are ranked

Lender offers presented to you are ordered primarily by the criteria you provided (loan amount, term, credit profile, province) and the lender's published eligibility rules. Compensation may influence the visual placement of offers, but it never influences whether a lower APR offer is shown to you when you qualify for it.

Spot is not a lender

Spot Canada Loan does not make credit decisions or fund loans. All lending is provided by our licensed Canadian lender partners, each of whom is responsible for their own loan terms, customer service and collections.

APR & fees

APR through our partner network ranges from 6.99% to 47.0%, the maximum permitted under section 347 of the Criminal Code of Canada.
Loan terms range from 6 to 60 months.
Origination fees of up to 10% of the loan principal may apply, varying by province and lender.
Funds are typically disbursed via EFT within 1–2 business days of final approval.

Representative loan examples

Example 1. A loan of $20,000 at 19.99% APR over 36 months would result in a monthly payment of $743.06 and a total cost of $26,750.16.

Example 2. A loan of $10,000 at 29.9% APR over 36 months would result in a monthly payment of $423.93 and a total cost of $15,261.48.

What we don't offer

Through Spot Canada Loan you cannot apply for: residential mortgages, automobile financing, federally-funded student loans, or revolving credit products such as credit cards or lines of credit.

Questions?

Email support@spotcanadaloan.com or call 1-800-SPOT-CAN Monday through Saturday, 8AM to 8PM EST.