How much can I borrow for a personal loan?

In Canada, the average personal loan is typically between $100 and $50,000. However, the size of the loan is dependent on what you can afford. 

Several factors affect how much you can borrow. Your down payment amount, credit history, level of income, and current debt load all play a vital role. Lenders will use this information to determine how much money you can borrow.

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