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.
Personal loan
Borrow from as low as Vancity Prime + 1%.1
Borrow
$5,000 or more2
Best part
Borrow for one-time expenses predictably
Choose a personal loan for lump sum expenses like car loans, 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.
Why choose a personal loan?
Competitive interest rates
Take control of your financial journey with variable rates from as low as Vancity Prime +1%.1 Plus, depending on your goals, we also offer fixed 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Regular payments will be automatically withdrawn from your account.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.3
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.
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.
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?
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.
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
Legal
¹ The variable interest rate is based on the Vancity Prime Rate plus an additional premium. The premium is based on your credit application, including your credit bureau report and the active products and services you hold. Vancity reserves the right in its sole discretion to determine what rate premium you qualify for based on this information. Vancity Prime Rate means the annual rate of interest that Vancity determines from time to time as a reference rate for determining interest rates on Canadian dollar loans. As of June 4, 2025, the Vancity Prime Rate is 4.95%. The Vancity Prime Rate can be found on our rates page (www.vancity.com/Rates). Annual Percentage Rate (APR) means the cost of borrowing for a loan expressed as an annual rate. Except for personal loans for purposes of debt consolidation, the Annual Percentage Rate (APR) is the same as the interest rate because there are no additional fees or charges. Personal loans for purposes of debt consolidation are charged an administration fee that is the greater of: (i) 1.00% of the loan amount: and (ii) $50.00. The 1.00% administration fee applies if the loan exceeds $5,000. All loans are subject to credit and underwriting approval. Loans range from $5,000 to $50,000 with a term of 6 months to 7 years. Vancity reserves the right at any time without prior notice and in its sole discretion to modify, increase, decrease or withdraw the interest rates offered in this personal loan offer.
² Applications and the amount you can borrow are subject to standard Vancity credit review and approval, including obtaining your credit bureau report to confirm your eligibility for the loan. Loans are of $5,000 minimum value, with a maximum 7-year term. Vancity reserves the right, at any time without prior notice and in its sole discretion, to add to or modify any of these terms and conditions.
³ The details of this insurance product, including important exclusions, restrictions and limitations on the coverage and benefits payable, are contained in the Certificate of Insurance which you will receive when you apply. Creditor's group insurance is optional and is underwritten by Co-operators Life Insurance Company. Supporting services, such as enrolment intake, medical underwriting and claims administration, are provided by the employees of CUMIS Services Incorporated, a subsidiary of Co-operators Life Insurance Company. Coverage is governed by the terms and conditions of the creditor group insurance policy issued to the creditor and is subject to terms, conditions, exclusions and eligibility requirements. See the Product Guide and Certificate of Insurance (provided upon application) for full coverage details.