Provider review
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LoanConnect

FCACBrokerLast reviewed August 25, 2026
Loan marketplace
8.7
Overall
Our verdict

LoanConnect is a broker: one application goes to a panel of lenders, not a single bank. The rate is set by the lender that replies. Compare {rateAbbr} on the written offer.

Cost
8.4
Flexibility
9.2
Transparency
8.6
Service
8.4

Claire Bouchard · Editor, consumer credit · Scores are editorial and do not affect list order, which is set on published price.

Our review

Suits: Comparing several personal-loan lenders with one application instead of repeating the same file.

What stands out

  • Loan broker
  • One application to a panel
  • Does not lend its own money

LoanConnect is a loan broker in Canada. A broker takes the application and forwards it. The credit check and the decision sit with the lender that offers. Compare APR on personal loans and read credit checks when you borrow.

Editorial review — not advice and not a promise of approval. Supervision: OSFI and the FCAC. Methodology.

Pros

  • Forwards one file instead of making you apply everywhere yourself.
  • Listed only because there is a live apply link and published terms.
  • Browsing Buckmatch does not run a credit check.

Cons

  • You sign with the accepting lender, not with LoanConnect.
  • The lowest advertised rate is for strong files; many offers sit higher.

Questions about LoanConnect

Is LoanConnect a lender?

No. The contract and the payout come from the lender on the panel that accepts you.

Will this hit my credit file?

Buckmatch does not pull a file when you browse. A check is taken when you submit through the broker, as they describe.

Products you can apply for

1 products in this market

LoanConnect

  • Soft credit check
8.74.4(1)
Nominal
8.99%–35%
APR 8.99%–35%
Loan amount
$500–$60,000
Term
Up to 120 months
  • Broker
  • 18+
  • FCAC
Representative example

LoanConnect is not a lender. Borrow $500–$60,000 at 8.99%–35% APR, terms 3–120 months (FAQ says most lenders use 12–60 months). Example: $2,000 at 29.96% for 24 months costs $2,685.12 ($111.88/month). Soft check on search; the chosen lender typically hard-pulls. Existing-debt payments generally must stay under 60% of income. Origination fees, when charged, are often around $100 and are built into the quoted payment. Source: loanconnect.ca/faq, 2026-08-27.

LoanConnect: LoanConnect is not a lender. Borrow $500–$60,000 at 8.99%–35% APR, terms 3–120 months (FAQ says most lenders use 12–60 months). Example: $2,000 at 29.96% for 24 months costs $2,685.12 ($111.88/month). Soft check on search; the chosen lender typically hard-pulls. Existing-debt payments generally must stay under 60% of income. Origination fees, when charged, are often around $100 and are built into the quoted payment. Source: loanconnect.ca/faq, 2026-08-27.

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