tag icon

Sign Up To Access Low Loan Rates - Claim this offer

1 Reviews
pencil icon Write a review
tag icon

Sign Up To Access Low Loan Rates - Claim this offer

goPeer Overview

Editorial Note: Comparewise is supported by our readers. When you find products and services through links on our site, we may earn commission.

goPeer is a Canadian-based platform that provides personal loans to people in Canada. They aim to ensure Canadians have access to financial opportunities and available investments. By being a part of goPeer, you can continue to change the balance of power from large finance companies to everyday individuals.

goPeer Features

One of the benefits you can access from goPeer is its ‘Borrow‘ feature. It includes competitive fixed rates that are affordable and accessible, which means you know what you’re paying for and can prepay at any time to prevent future interest.

Since they are a peer-to-peer lending business and have no obligation to pay overheads, their rates are cheaper than other financial institutions.

Their repayment is organised through a direct debit, collected each month after your loan is approved. You get a reminder of upcoming payments two days beforehand, which means you can stay on top of your payments each time.

Gopeer Team - Comparewise

You can access a quote to have a rough idea of how much you can borrow and what their payment requirements are. This process doesn’t cost anything and doesn’t require any obligation. The origination fee will be taken from your loan proceeds which means there is no fee if you don’t get approved for a price.

Promo Offer: Sign Up To Access Low Loan Rates

The second benefit you can access from goPeer is its investment account designed for investors. This account is free and can get you investing within five minutes. It works by allowing you to put your investment objectives to get personalised recommendations. Once this is all approved, you can transfer funds and start investing.

Gopeer Investing - Comparewise

As an investor on their platform, you invest on interest on goPeer loans. As borrowers repay their loans, you earn 100% of your pro-rata share of the principal and interest (after service costs).

You get access to the investor portal, which shows your portfolio, returns and much more. Additionally, you can get monthly account statements regarding investment information such as portfolio holdings, payment history, and unpaid principal balance.

Other Personal Loan Brands You Might Like…

  • Borrow up to $10000 with a guarantor within 24 hours – Get started
  • Receive A Referral Bonus Of $500 When You Refer A Friend & Close A Deal – Claim offer
  • Find debt relief with Consolidated Credit Canada – Get started
  • Get out of credit card debt faster – Get started

Other top app offers…

Service Areas

Alberta, British Columbia, Canada, Manitoba, New Brunswick, Newfoundland and Labrador, Northwest Territories, Nova Scotia, Nunavut, Online, Ontario, Prince Edward Island, Quebec, Saskatchewan, Yukon

Services

  • Investment
  • Personal Loan

Year in Business

Since 2018

Industry

Finance

Languages

English

FAQs about goPeer

What is goPeer?

goPeer is a Canadian-based platform that provides personal loans to people in Canada. Their aim is to ensure Canadians have access to financial opportunities and available investments. By being a part of goPeer, you can continue to change the balance of power from large finance companies to everyday individuals.

Why should I use goPeer?

There are a lot of reasons why you should use goPeer. Some examples include:

  1. Access to its ‘Borrow’ feature which includes competitive fixed rates that are affordable and accessible which means you know what you’re paying for and can prepay at any time to prevent future interest.
  2. Access to its investment account that is designed for investors. This account is free and can get you investing within five minutes.

How much does goPeer cost?

Becoming a goPeer member is free and easy to access.

They charge an origination fee that will be taken from your loan proceeds which means there is no fee if you don’t get approved for a fee.

For borrowers, they charge an unsuccessful payment fee of $25 to cover the cost of the transaction and a late payment fee of $15 to be paid to the investors.

For investors, they charge a servicing fee of 1.5% annually, and a collection fee of up to 35% to cover collection costs.

How do I get started with goPeer?

To get started with goPeer, go on their website and open an account.

Their requirements for borrowers include:

  • You must be of 18 years of age or older
  • Have a credit score of over 600
  • Have a Canadian bank account or equivalent
  • Must be a Canadian resident for at least 3 years.

Their requirements for an eligible investor include one of the following:

  • Net income (before tax) $75,000 or more in the previous two years.
  • Net income, alone or with a spouse of  $125,000 in the previous two years.
  • Net assets, alone or with a spouse of $400,000 and more.

Is goPeer safe?

As part of the Peer Securities Corporation, goPeer has security measures to ensure the safety and security of all personal information. They commit to strict regulations related to providing funds and loans which are enforced by the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC), as well as other federal agencies.

goPeer Products

goPeer
goPeer
Borrower Account
$0
Account Fee
Unlimited
Features
goPeer
goPeer
Investor Account
$1.5
% Servicing Fee
Unlimited
Features

goPeer Offices

Phone Number
1 (844) 960-3090
Email
hello@gopeer.ca
Office Hours
Monday - Friday: 9:00am - 5:00pm
Website
Address
111 Peter St, Suite 700 Toronto Ontario M5V 2H1 CA
Social
Review widget

Add the badge below to show your rating on your website in 3 simple steps:

  1. Choose the badge that you like
  2. Copy the widget HTML code
  3. Paste the HTML code on your website

Most of our partners add the badge to the header or footer of their website and email signature for:

  • social proof to build credibility with new and existing customers
  • boost conversions throughout the entire marketing funnel
  • stand out on Google search with user generated content

Reviews

October 4, 2022

Consolidated a couple of small credit cards and loans into a very manageable, lower interest loan.

Submit Review

Thank you for your valuable input!

Characteristics
  • Quality
  • Сonfidence
Experience
  • Knowledge
  • Counsulting
wealthy simple free stock ad banner
goPeer Details
  • mobile phone icon
    1 (844) 960-3090
  • clock icon
    Monday - Friday: 9:00am - 5:00pm
  • pinpoint icon
    111 Peter St, Suite 700 Toronto Ontario M5V 2H1 CA
  • clip icon
    gopeer.ca
  • mail icon
    hello@gopeer.ca
goPeer Social Media
goPeer Reviews
5.0 average based on 1 reviews
Characteristics
  • Quality
  • Confidence
Experience
  • Knowledge
  • Counsulting

Grow your finances today.

By submitting, you agree to comparewise’s terms of use and privacy policy.

Browse brands by services

One of the most successful fields in Canada is acc...

There is plenty of app brands and development comp...

Canada has a pretty traditional banking structure ...

Bookkeeping is an essential part of business, and ...

Accidents happen all the time, and business insura...

You might be looking for the best business loan br...

Finding the best car insurance brands is quite cru...

Do you want to find car loan brands that are suita...

A credit report brand is a company that collects a...

If you're thinking of digital trading assets, you ...

Best debt consolidation brands help you get back o...

Many Canadians who own their home find themselves ...

Finding the best insurance brands might be the mos...

Canada attracts a lot of talent through companies ...

Installment loans are a great way to pay off emerg...

Canada offers fantastic investment opportunities f...

Getting yourself insured by the best life insuranc...

Check out the top money transfer brands with Compa...

Finding the right mortgage brands can save you mon...

Many Canadians apply for a loan or credit card at ...

Software brands include a variety of innovative pl...

Tax preparation is an essential part of every busi...

Check out the top travel insurance brands in Canad...

Canada is very tech-savvy, and there is a wide ran...

Check out brands in Canada that offer wills and ot...

Car loan?
Personal Loan?

Top deals await you just a short
application away!