Disclaimer
Please read this important legal information before using Promissory.ca.
Not a lender
Promissory.ca is not a lender, bank, mortgage broker or credit counsellor. We do not make lending decisions and we do not charge you a fee to use this service.
No guarantee of approval
Submitting an application does not guarantee approval. All applications, rates and terms are set and approved solely by the individual lender or licensed professional.
Rates and terms vary
Rates, fees and loan amounts vary by lender, province, loan type and your credit profile. Advertised rates are the lender's lowest offered rate and may not be available to you.
Credit checks
Lenders may perform a credit check with one or more credit bureaus, including Equifax and TransUnion. A hard credit inquiry may affect your credit score.
No obligation
There is no obligation to accept any offer presented to you. Review every agreement carefully before signing.
Borrow responsibly
Borrow only what you can reasonably afford to repay. Late or missed payments may result in additional fees, collection activity and negative credit reporting.
Payday loans
Payday loans are high-cost, short-term loans. Since 1 January 2025 the federal Criminal Interest Rate Regulations cap the cost of borrowing at $14 per $100 in provinces with a payday lending regime, and cap dishonoured-payment fees at $20. Payday lending is not available in Quebec.
Quebec
In Quebec, the maximum rate of credit is 35% per year under the Consumer Protection Act. Payday lending is not permitted in Quebec.
Privacy
We handle personal information in accordance with the Personal Information Protection and Electronic Documents Act (PIPEDA). See our Privacy Policy for how we collect, use and protect your information.
Financial difficulty
If you are struggling with debt, consider contacting a non-profit credit counselling service or a Licensed Insolvency Trustee before borrowing more.
Affiliate disclosure
Promissory.ca is a free comparison and referral service. We may receive compensation from lending partners when you click a partner link or submit an application. This compensation does not affect the information or comparisons we publish.
Editorial
This content is for general information only and is not financial, legal or tax advice. It does not consider your personal circumstances. Consult a qualified professional before making a financial decision.