YOUR CHOICE OF PERSONAL LOANS
Get approved for up to $50,000 and choose your loan term from anywhere between 6-60 months. We offer rates as low as 4.6% APR from Canada's top lenders.
Banks and Lenders should be competing for your business, not the other way around. Use the power of My Choice and compare the best offers from Canada's top lenders today!
*Searching for a Personal Loan WILL NOT Affect Your Credit Score
PERSONAL LOANS AT YOUR FINGERTIPS.
Life Happens: Get A Tailored Personal Loan For Your Specific Situation
Life is full of unexpected twists and turns. As much as we try to prepare for anything that may come our way, being prepared is not always possible. Personal loans can help fill in the gaps when an unexpected expense comes up.
Getting started is simple, to get going, just fill out a few pieces of your loan requirements.
*Actual Quoting Data. Based On A Good Credit Score.
Personal Loans That Are Right for You
The great thing about personal loans is that you can use them for just about anything. Whether you’re trying to consolidate your debt, pay for your wedding, buy a new car, make improvements to your home, or just take a vacation, a personal loan can help you bridge the gap.
At My Choice, we help you compare your personal loan options so you can find the best one for you via our partner, Loan Connect. Our goal is to remove the guesswork from taking out a loan. We want to make the process as quick, safe, and painless as possible. We work with people of all different credit backgrounds and histories to help them achieve their goals. We also offer various payback terms to help you find a cheap and workable monthly payment amount.
What Is a Personal Loan?
A personal loan is a set amount of money with a fixed interest rate and repayment term that a lender loans to an individual borrower.
Personal loans are typically unsecured, which means they don’t use collateral (like your house or car) to secure your loan. Instead of using collateral, personal lenders will place more emphasis on your credit history and ability to pay when considering you for a personal loan.
While you don’t necessarily need to have a perfect credit score or spotless record to get approval, you’ll want to make sure to meet other criteria and know you’ll be able to pay back the loan on the agreed-upon terms.
Loans That Meet Your Needs
My Choice makes it easier than ever to apply online for personal loans. When you apply for a loan online with MyChoice, you’ll learn instantly if we approve you. Get your free quote and apply for up to $50,000. Our repayment terms range from 6 to 60 months, with rates as low as 4.6% APR. For your convenience, we offer different loan payback schedules, including bi-weekly, semi-monthly, and monthly.
What Type of Loan Are You Looking For?
Many different types of loans exist—from personal loans to student loans, auto loans to mortgage loans, payday loans to loans from friends or family. Each loan has different purposes and terms. When it comes to personal loans, you will typically find four types: unsecured personal loans (the most common), secured personal loans, fixed-rate loans, and variable-rate loans.
Personal loans can help people at many different stages of life. One of the most common uses of personal loans is consolidating debt and paying off credit card debt. Suppose you have been relying too heavily on credit cards to get by and suddenly find yourself in over your head, with multiple high-interest card balances piling up. In that case, a personal loan can help you consolidate your debt and get your credit cards paid off more quickly while paying lower interest.
A personal loan may not be the right option for your credit card debt if your credit card has a low interest rate. If your credit card debt has a high interest rate, and you have good credit, you could qualify for a personal loan with an interest rate as low as 4.6%. This loan could help you pay off your credit cards faster while also enabling you to pay less overall in interest.
Business owners looking to grow their business often need some capital to take it to the next level. A personal loan can provide that freedom to help your business soar. If you’re a business owner who needs to borrow a greater sum of money than a personal loan can get you, a business loan may be the better option. A business loan is a secured loan, requiring collateral, but the trade-off is that the interest rates are usually lower than with a personal loan.
Our Loan Process Is Quick and Easy
While the process of getting a loan can vary depending upon the lender, in general, companies will be looking at your credit score and history, proof of income, employment, and documentation to verify that you are a Canadian resident 18 years or older.
At My Choice, we offer personal loans through our affiliate LoanConnect. LoanConnect supplies loans for individuals, companies, business owners, and borrowers with poor credit. You can apply online and get an answer within minutes. Once approved, we’ll present you with a list of loan options so you can pick the one that best fits your needs. After you choose your lender, you’ll receive the money within 24 hours.
We value your safety and privacy. Our application process is safe and secure. We keep your information fully encrypted to make sure it stays protected. Applying for a personal loan through My Choice will not affect your credit rating.
Compare Different Personal Loans Today!
You will want to keep a few factors in mind as you compare loan options. First, be sure to look at the interest rate and APR (annual percentage rate—this is the cost, including fees, you’ll pay every year to borrow the money). The interest rate and APR are different but equally important. If you want to prioritize a lower monthly payment, you should look for a lower interest rate. However, if you want to prioritize a lower overall loan cost, you should look for a lower APR.
You’ll also want to consider the loan terms, your monthly payment, and the total amount. Lastly, make sure that the amount you’re borrowing is an amount you can realistically pay back in the agreed-upon amount of time.
Remember to gather the documentation you’ll need, including verification of Canadian residency and age, housing costs, monthly expenses like car payments, loan payments, utilities, etc., and sources of income such as employment details.
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