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The Call for Nominations for the 2025 Board of Directors' Election is now open! We will be accepting nominations until January 3.

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Get a personal loan to

pay for life’s bigger expenses

buy a vehicle

consolidate debt

pay for your education

Finance your life goals or unexpected expenses with a personal loan.

4.7

Rating from 80+ post-loan meeting reviews

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Help me choose

Save thousands borrowing with a personal loan compared to a credit card.

The interest rate on a personal loan or line of credit is typically lower than the interest rate on a credit card, saving you money. Here’s an example:

With a Credit Card

With a Personal Loan

Meera finances her large purchase with her credit card

$25,000

Meera finances her large purchase with a personal loan

$25,000

Credit Card Interest Rate

21.99%

Loan Interest Rate

8.45%

Credit Card Payments

$500

Loan Payments

$535

Meera will pay off her debt in

11 years, 5 months

Meera will pay off her debt in

6 years

With a personal loan instead of a credit card:

Meera would save $34,860 in interest costs.

Meera would be debt free 5 years and 5 months sooner.

Meera's monthly payment increases by $35.

Fund life’s bigger expenses at a low rate.

A personal loan helps you pay for life’s bigger expenses – whether you are looking to buy a car, go on a vacation, consolidate debt, home improvements or whatever you need. At Cambrian, we keep our lending rates among the lowest in our local market to save you money.

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Apply online

Improve your credit score.

A personal loan has a set repayment schedule, making it easier to manage your finances and make your payments on time. Making your payments on time will strengthen your credit score.

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Apply online

Save $234 every
year with Unfee.

Moving your daily banking account to Cambrian will save you money every year with Unfee.

Bank for free by setting up a monthly direct deposit in your Cambrian chequing or savings account and we’ll refund your service fees every month. With our Premium Account, you will save $234 every year. No minimum balance required.

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Start banking for free

Get personalized, honest advice about your financing needs.

“My advisor was so easy to talk to and very knowledgeable about the services/products provided by Cambrian. He made me feel secure about my request and was very thorough and efficient with the loan application. I will be referring my friends and family to Cambrian in the future.”

Samantha

experience with a Cambrian loan

01 / 05

What are your Payment Protection options?

Payment Protection is optional and covers your loan payments in the event you become sick or injured, or pays off your full insured loan balance if you pass away.

*Payment Protection is optional and is underwritten by Co-operators Life Insurance Company. Supporting services, such as enrollment intake, medical underwriting and claims administration are provided by the employees of CUMIS Services Incorporated. Coverage is governed by the terms and conditions of the creditor’s 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 for full coverage details.

Reach us when and where
you need us.

We know your time is precious, so we strive to make your experience quick and seamless.

Same-day response to your application.

Online applications will be reviewed within one business day.
Credit decisions are made locally ensuring a quick turnaround time.

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Apply online

Our average call response time is under 1 minute.

When you have questions, you can reach us in minutes (not hours).
Our contact centre representatives are personable and local.

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Get in touch with us

You don’t need to come into the branch.

Book a meeting online to meet with an advisor by video or phone.
You can meet with any of our available advisors at the time that suits you best.

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Book a meeting

Frequently
Asked Questions

How long will it take for my loan or mortgage application to be approved?

Once you submit your loan or mortgage application online, we will contact you within 1 business day to obtain the required information. Under normal circumstances, once your application is complete, approval should only take an additional business day.

What is a co-signer?

A co-signer may be required if you do not qualify for a loan or mortgage on your own. A co-signer is legally responsible to make the loan or mortgage payments if you default.

How can I calculate how much I can save with a consolidation loan?

Use our PayOff Debt Calculator to estimate how much you could save in interest by wrapping all your debt into one monthly loan payment.

Do you have to be a Cambrian member to get a loan through Cambrian?

You do not need to be a member to apply for a loan. We will open a Cambrian membership if your loan application is approved.

What is collateral and do I need it to get a loan?

In some cases, you will need to provide collateral to secure your loan. This depends on inpidual circumstances like income, assets, existing debt and credit score.

Collateral is an asset of value – generally a vehicle or your home, which provides security to the loan. Providing collateral can lower your interest rate, and help you get approved for a loan if your credit score does not qualify you for an unsecured loan.

How does my credit score impact my ability to get a loan?

A higher credit score means your credit history is good, therefore financial institutions will have more confidence in your ability to pay back your loan on time.

Visit www.consumer.equifax.ca to get a copy of your credit score for free.