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a personal loan is an unsecured loan which means it does not require any collateral unlike a mortgage or a car loan these loans are typically small in size but can range from 1 000 to 50 000 canadian dollars or more larger personal loans may necessitate better credit and frequently have stricter requirements however this does not rule out the possibility of consumers with poor credit personal loan options available outside of traditional financial institutions are diverse and cater to a diverse range of borrowers weve identified best five personal loan options to assist canadian borrowers in making the best financial decision for their specific needs my name is tristan and welcome to the business snap.net channel please subscribe and share this video and dont forget to click the bell notification lets start with number five simple best for higher credit individuals simple is an australian online lender that was founded in 2018 two years later they set up simple loans canada which is