goPeer provides borrowers with low credit score access to personal loans. Their range of APRs allows flexibility in lending, while the instant pre-qualification with no impact to the applicants’ credit score is a boon for urgent needs. While they don’t have round-the-clock customer support or a mobile app, their commitment to human contact on business days signals a dedication to a personal touch in the lending process.

Pros

• Low credit score required, expanding accessibility
• Offers same-day funding
• Human contact available every business day

Cons

• No 24/7 customer support
• No mobile app for easier loan management
• Late payment fees apply
• Loan application can take zero to two business days to process
• Funding of the loan can take longer than two days because it is funded by a pooled investment from Canadian peers.

Additonal Details

Eligibility:  goPeer requires a minimum credit score of 600 and is available to borrowers that are the age of majority in their province nationwide.

Loan Uses:  goPeer’s loan range is versatile, suitable for various needs, from managing small debts to making significant purchases.

Turnaround Time: Loan application can take zero to two business days to process and funding of the loan can take longer than two days because it is funded by a pooled investment from Canadian peers.