✅ GoPeer provides access to credit with a focus on fair and transparent rates
✅ Available amounts up to 35,000 Canadian dollars
✅ Payment terms of up to 5 years
✅ 100% online application and evaluation process
✅ Innovative P2P loan model.
Why do we recommend the GoPeer loan?
The Canadian credit market, although robust, can be impersonal and bureaucratic, especially for those seeking fair rates without having a perfect credit history. In these moments, innovations such as GoPeer emerge, offering personal loans through a P2P (Peer-to-Peer) platform — the so-called peer-to-peer loans.
This model directly connects those who need money with those who want to invest, offering rates that are often more competitive than those of traditional banks. This innovation, therefore, has been well accepted among Canadians who have credit scores starting at 600 points.
Is it safe to make transactions with GoPeer?
GoPeer is a fintech operating in the Canadian personal loan market with a proposal of greater transparency and customer focus. Feeling secure when seeking a financial product is essential, and GoPeer operates within Canada’s strict regulatory system, which is known for protecting consumers.
Specifically in the financial sector at the federal level, operations follow the rules enforced by the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC), but you can consult your provincial regulator for more information.
Important characteristics to evaluate
GoPeer’s P2P model allows borrowers (those who take the money) to access competitive interest rates, which are defined based on risk and credit history. A key characteristic is that the platform frequently serves customers who seek to consolidate debts or who need funds for emergencies with lower rates than credit cards.
To understand the ideal number of installments for your case, besides simulating and undergoing credit analysis, note that GoPeer details the rates and terms directly in your offer, ensuring transparency.
Author’s opinion
When applying for a personal loan, it is essential that you have a clear plan and that the purpose of the credit is truly to improve your financial health (for example, consolidating expensive variable-rate debt). We know that unsecured loans tend to have higher rates than secured ones (such as mortgages), but P2P platforms can offer significantly better rates than other short-term options in Canada.
Thus, it is crucial that you compare the Annual Percentage Rate (APR) offered by GoPeer with the rate of any debt you intend to pay off (such as your credit card). If GoPeer’s rate is substantially lower, the application can be a very positive step. A spreadsheet to track every step of repayment is a real treasure for your financial control.
Want to know more conditions?
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