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Mogo Personal Loan review

Fast online funding with a 100-day money-back guarantee that's unusual in Canadian lending.

By SCFinance Data Team · edited by SCFinance Editorial TeamUpdated Aug 11, 2026 Fact checkedEditorial integrity

The bottom line

Fast online funding with a 100-day money-back guarantee that's unusual in Canadian lending.

SCFinance score3.9

Mogo Personal Loan

Est. APR: 9.90% - 46.96%
Loan amount: $500 - $35,000
Term: 1 to 5 years

Pros

✓ Fully online, quick decisions
✓ 100-day money-back guarantee
✓ Free credit score monitoring

Cons

✕ High maximum APR
✕ Smaller loan ceiling

Details

Loan amounts: $500 - $35,000
Funding: As fast as 1 business day

What you get

100-day money-back guarantee
Prequalify with a soft check

Compare to alternatives

Fairstone Personal Loan

SCFinance score4.0

Read review

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

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