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Best Debt Consolidation Loans in Canada

By SCFinance Data Team · edited by SCFinance Editorial TeamUpdated Aug 15, 2026 Fact checkedEditorial integrity

Consolidation only helps if the new rate is meaningfully lower than what you're paying now, and if you stop adding to the old balances.

Compare at a glance

ProviderRatingEst. APRLoan amountTerm

3.7/5

Best for Credit rebuilding

17.99% - 46.96%$500 - $35,0001 to 5 yearsRead review

4.0/5

Best for Secured consolidation

19.99% - 39.99%$500 - $50,0001 to 10 yearsRead review

Our picks

Showing 2 results

Our pick for: Credit rebuilding

Spring Financial Personal Loan

SCFinance score3.7

Est. APR

17.99% - 46.96%

Loan amount

$500 - $35,000

Term

1 to 5 years

Details
Credit needed
Fair to poor accepted
What you get
  • Options for borrowers rebuilding credit
  • Online application
Our take

Geared to credit rebuilding, with a stepped program that can lead to a lower-rate loan over time.

Read our full review

Our pick for: Secured consolidation

Fairstone Personal Loan

SCFinance score4.0

Est. APR

19.99% - 39.99%

Loan amount

$500 - $50,000

Term

1 to 10 years

Details
Loan amounts
$500 - $50,000
Prequalify
Soft check only
What you get
  • Unsecured and secured (homeowner) loans
  • Prequalify without affecting your score
Our take

Accessible to borrowers the banks turn down, with secured options that meaningfully cut the rate.

Read our full review