How a personal loan can help you

Couple applying for a personal loan

Being in debt can be stressful, and you can quickly feel like you’re drowning underneath various debt repayments. Paying off debt can help you take control of your financial life, leaving you with more cash flow to make your future dreams come true, whether it’s home ownership, a vacation or retirement. A personal loan can be one way to simplify debt repayment and can even help save you money!

Cambrian's personal loans are designed to help you with bigger purchases or expenses - whether you're looking for a new car, a family vacation, or you just want to simplify your life a little by consolidating other debt. Your payments will stay the same for the entire length of the loan, which some people find appealing.

If you have more than one debt, such as credit cards or car loans, consolidating it into a single loan can streamline your payments and let you save on interest, as the interest rate on a personal loan is generally lower than the interest rate on a credit card. And, with a personal loan, you will know when your loan will be paid off, giving you a “free-from-debt” date to look forward to! Many people find knowing their “free-from-debt” date empowers them to continue to work towards their goal of becoming debt-free.

How to Apply

Do you think a personal loan could help you? It’s easy to apply; you can apply online using our web application, which will take you about 20 minutes. You can also apply in-person at any of our branches.