​Personal Loans

You need money and we have options

Take a look at the advantages of getting a personal loan with FirstOntario.

It’s tough to figure out the best way to borrow money.

The good news is we’re here to guide you through the process. We can help you figure out your needs, what kind of payments you can handle and your best borrowing options. 

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Learn more about personal loans

Personal Loan Specials

Reduce Financial Stress. Make Life a Little Easier.

5 Year Fixed Loan*

as low as

5.24

*Terms and conditions

  1. Rates are subject to change without notice. 
  2. In order to be eligible for the discount of 3.00% on the posted loan rate, the following conditions must be met: a. one or more of the borrowers must purchase creditor insurance both Life and disability coverage.
  3. The 3.00% discount is available on the 3 year, 4 year and 5 year fixed loans.
  4. If applicable, one or more of the co-borrowers must purchase CUMIS coverage (Life and/or Disability) in order to qualify for the discounted rate.
  5. The maximum personal loan amount that will be approved for the discounted rate is $50,000. The discounted rate is available on approved credit.
  6. Additional terms, conditions, fees, and charges may apply. 
  7. Prepayment of an eligible loan will be permitted at any time without penalty.
  8. This offer may not be used to pay out, partially or in full, an existing loan or line of credit at FirstOntario Credit Union.
  9. This offer is not available to employees of FirstOntario Credit Union. 
  10. Any individual who is not currently a Member of FirstOntario must become a Member in order to apply for the 2020 Fully Protected Loan Offer.
  11. If FirstOntario is unable to run the Promotion as planned, for any reason, FirstOntario reserves the right at its sole discretion to, without advance notice, terminate or suspend the Offer, in whole or in part, or modify it in any way.
  12. FirstOntario reserves the right, at its sole discretion, to suspend, disqualify, limit or revoke this Offer to any Account holder it finds or believes to be manipulating or otherwise abusing the process, fairness or integrity of this offer.

APR. ​Rates are subject to change without notice. 

a. one or more of the borrowers must purchase creditor insurance both Life and disability coverage. If applicable, one or more of the co-borrowers must purchase CUMIS coverage (Life and/or Disability) in order to qualify for the discounted rate. The maximum personal loan amount that will be approved for the discounted rate is $50,000. The discounted rate is available on approved credit. Additional terms, conditions, fees, and charges may apply. Prepayment of an eligible loan will be permitted at any time without penalty. This offer may not be used to pay out, partially or in full, an existing loan or line of credit at FirstOntario Credit Union. This offer is not available to employees of FirstOntario Credit Union. Any individual who is not currently a Member of FirstOntario must become a Member in order to apply for the 2019 Fully Protected Loan Offer. If FirstOntario is unable to run the Promotion as planned, for any reason, FirstOntario reserves the right at its sole discretion to, without advance notice, terminate or suspend the Offer, in whole or in part, or modify it in any way. FirstOntario reserves the right, at its sole discretion, to suspend, disqualify, limit or revoke this Offer to any Account holder it finds or believes to be manipulating or otherwise abusing the process, fairness or integrity of this offer.

Consider a personal loan with us if you need the funds for

  • A car
  • Big purchase like a renovation or unexpected expense
  • RRSP contributions
  • Investments
  • Debt consolidation

Our personal loans offer

Even greater rates

You can opt to secure your loan for an even lower interest rate.

​The right rates

Choose a fixed rate or variable rate.

​Repayment choices

Flexible repayment options, including early repayment without penalty.

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​Payment flexibility

Schedule your payments monthly, bi-weekly or weekly.

​Peace of mind

Protect yourself with optional life, disability or critical illness insurance.

Personal Loan Interest Rates*

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* APR. Rates are subject to change at any time.

Personal Loan Calculator

Make an appointment today

*APR. Rates are subject to change at any time.

Take a look at...

​Line of Credit 

Borrow what you need, pay the interest monthly and the balance when you’re ready.

​Cash Back Visa Credit Card

Put extra dollars back into your wallet with no annual fee. 

​TFSA 

Grow your savings tax-free with a Tax-Free Savings Account.