Overall Lender Rating: 4.5 out of 5 Stars*
Symple Loans Canada is an innovative online lending platform that aims to simplify the borrowing process for Canadians in need of personal loans. With their commitment to transparency, competitive interest rates, and quick funding, Symple Loans Canada provides a seamless lending experience for its clients. Read more in this Symple Loans Canada review to decide if they could be the right lender for you.
Symple Loans Canada: Your Simplified Solution for Personal Loans Across Canada
Key Information to Highlight:
- Interest Rate Range: 6.99% – 32%
- Loan Amount Available: $5,000 – $50,000
- Minimum Credit Score Required: 660
- Service Areas: All provinces in Canada except Saskatchewan, Quebec, and Nova Scotia
Symple Loans Canada is an Accredited Business with the Better Business Bureau with an “A” ranking. Their profile with the BBB does not currently feature any customer reviews, but there are also no customer complaints. Symple Loans on Google has 15 customer reviews with an overall star rating of 2.8/5. However, they have received positive customer feedback from other sources and display a handful of those 5-star reviews on their website.
Reputable publications such as the Financial Post, FinExtra, The Canadian Business Journey, Fintech.ca and Yahoo Finance all mention Symple Loans Canada. These publications speak largely to the credibility of Symple Loans as a lender, as well as their commitment to providing quick and straightforward financial solutions for borrowers. They are also a Verified Lender with the Canadian Lenders Association.
Who Does Symple Loans Canada Serve?
Symple Loans Canada works with individuals with credit scores in the good & excellent range offering rates between 6.99% and 32%. As outlined in their website disclaimer, your rate will “depend on our assessment of your credit profile, financial position, and ability to service additional loan commitments.” Looking to see if you can get pre-approved for Symple Loans? For specific eligibility criteria and to see what rate you could be approved for, apply here. It won’t affect your credit score to see what you qualify for.
What Types of Loans Does Symple Loans Canada Provide?
Symple Loans Canada offers unsecured personal loans for a variety of purposes, including debt consolidation, home improvements, medical expenses, and more. The lending process does not require any collateral, making it a convenient and accessible option for borrowers.
Important Considerations of Working with Symple Loans Canada
Reasons to Choose Symple Loans Canada:
- Quick and simple online application process
- Flexible loan terms and amounts to meet diverse financial needs
- Transparent lending practices with no hidden fees
- Some of the best rates available on the market right now
Things to be Cautious of:
- No physical branches for in-person support
- A hard credit check is required for a final approval verdict which can impact your credit score
Overall, Symple Loans Canada offers a user-friendly online lending experience tailored to a wide range of financial needs. Their transparency, flexible loan options, and commitment to serving diverse customers make them a top choice for personal loans in Canada.
If would like to see if you qualify for a pre-approved loan offer from Symple Loans without affecting your credit score, apply through LoanConnect today.
*To understand the review criteria, you can read more on our evaluation factors here.