Personal loan

Take care of big expenses with a rate that makes sense.


From $5,000 and up¹

Best part

Borrow for one-time expenses predictably

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Choose a personal loan for lump sum expenses like travel, renovations, or debt consolidation. Unlike a line of credit, you’ll receive your funds all at once with a personal loan. It also gives you the freedom to choose the length of your loan and how often you make payments.

Limited time rates.

Until July 31, 2024, borrow with these limited time rates on a personal loan.² These loans can be paid back between 6 months to 7 years.

Why choose a personal loan?

Competitive interest rates

You’re more than a number. We’ll look at your whole picture to find out what you qualify for.

See interest rates

Headache-free repayment

Regular payments will be automatically withdrawn from your account. You can also make additional payments penalty-free to wrap up your loan early while saving on interest.

Insurance available

Get peace of mind knowing that your loan is covered in the case of illness, disability, or loss of life when you add loan insurance.

Learn more

Make it happen.

Here’s what applying for a personal loan looks like.

See what your loan could be

If you’re curious what your payments might look like or how much it might cost, try using our loan calculator.

Talk to us

Let us know what you’re borrowing for and how much you need. We’ll answer your questions and help you move forward with confidence.

Hear your options

We’ll look at different ways to help you reach your goal and find a path forward. We may even uncover something more favourable than what you came in for.

Provide application documents

Once the Account Manager or Lending Specialist finds the right solution for you, they’ll put together the application and handle the rest for you.

See document checklist

Sign for your loan

When everything is ready, we’ll set up a time for you to visit your nearest branch and submit your signatures. If you’re an existing Vancity member, you can sign virtually without leaving home.

Get started

Borrow for the planet and get great rates.

Just by borrowing at Vancity, you’re helping the planet and our communities because 30% of our profits fund change-making initiatives. But let’s kick it up a notch. We want to make choosing between what you want, and what the planet needs, a no-brainer. Get great rates and other support when you borrow with the planet in mind:

Ask the pros.

Our pros are here to answer your questions.

How does a fixed rate differ from a variable rate?

If you have a fixed rate, the interest rate on your loan won’t change over time. With a variable rate, the interest rate on your loan changes as the index rate changes – so it can go up or down over time.

What's a prime rate?

The prime rate is the interest rate that financial institutions (like us) use to determine the interest rates for loans and lines of credit. See our prime rate.

What's a credit score and how can I build my credit?

A credit score is a number that is used to predict how likely you are to repay any debt. There are many ways to build credit, including: making payments on time, paying off your balance each month, and limiting your number of credit checks. Find out more about what your credit score means on the Vancity blog.

How will a loan affect my credit score?

Taking out a loan can affect your credit score in a number of ways – some of which are very positive. While you’re taking out a loan, you overall credit rating might be lowered temporarily, but can be raised back up by repaying the loan on time or early. When in doubt, talk to us: we’ll be glad to walk you through the process of taking out a loan or line of credit and limiting negative impact on your credit score.

Get free personalized advice

Let's get started.

Book a call

Connect with a specialist to get tailored advice or to start your application.

Book an appointment

General questions

Monday - Saturday: 8 am to 8 pm
Sunday & holidays: 10 am to 5:30 pm

Metro Vancouver: 604-877-7000
Greater Victoria: 250-519-7000
Toll-free: 1-888-826-2489