Your safety comes first
Loan Market is built around privacy and consent. Here's exactly what we do — and what we don't do.
Please read
Loan Market is a marketplace and contact-introduction platform. Loan Market does not lend money, broker loans, arrange mortgages, provide financial advice, verify borrower information, guarantee approval, negotiate terms, underwrite loans, or participate in loan transactions.
Spot and avoid loan scams
Most loan fraud follows a few predictable patterns. Because we don't verify or endorse anyone, these quick checks are yours to make.
- A request to pay before the loan is funded — “processing,” “insurance,” or “release” fees. In most of Canada, charging a fee before advancing a loan is illegal.
- Guaranteed approval with no review of your finances.
- Pressure to act immediately so you don't have time to check.
- Free webmail addresses, near-copies of real company names, or phone numbers you can't independently confirm.
- Requests to pay by gift card, cryptocurrency, or wire transfer.
- Confirm the licence or registration with the regulator using the official links below.
- Confirm the company exists in a corporate registry.
- Call back using the number on the regulator's site — not the one you were given.
- Get every term in writing before you commit, and have a lawyer review anything large or secured.
Use the official registry links below to check each one.
Know the legal interest-rate cap
For most consumer loans the maximum is 35% APR under the federal Criminal Code (since January 1, 2025), and fees count toward that limit. Some commercial, payday, and pawnbroking loans are exempt. An offer above 35% once fees are included is a serious warning sign. This is general information, not legal advice.
If something feels wrong, stop, send no money, and report it to the Canadian Anti-Fraud Centre. If you've lost money, contact your bank and local police right away.
Our commitments
Plain statements about how the platform works.
Loan Market does not lend money
We are not a lender. No loan on this platform comes from Loan Market.
We don't broker or arrange loans
Loan Market does not broker, approve, underwrite, recommend, or arrange loans. We provide an introduction only — any loan agreement is strictly between the borrower and the lender.
No document uploads
We don't ask borrowers to upload financial documents or identification to post a request.
Borrower contact info is hidden
A borrower's phone and email stay private until the borrower approves a specific lender's contact request.
Lenders show their licence number
Lenders provide a licence number that's displayed as self-reported. Loan Market does not confirm it — each listing links to the regulator so you can check it yourself.
Do your own due diligence
Always research any lender or borrower independently and review all terms carefully before agreeing to anything. The decision is yours.
What Loan Market is — and isn't
- An introduction platform that connects borrowers with licensed lenders.
- A privacy layer that keeps borrower contact details hidden until approval.
- A place where lenders show a licence number you can confirm with the regulator yourself.
- We are not a lender and do not provide funds.
- We do not broker, approve, underwrite, recommend, or arrange loans.
- We do not give financial, legal, or tax advice.
- We do not verify, vet, or endorse lenders, or confirm their licences.
Verifying a lender, broker, or financing company
Banks, credit unions, and financing companies aren't all licensed the same way. Here's how to check each one in Canada.
Only mortgage brokers and agents hold a personal or firm “licence” in the broker sense. Banks and credit unions aren't licensed that way — they're chartered, authorized, and supervised by a regulator (federal for banks, provincial for most credit unions). A financing company that lends its own money usually has no financial licence at all — it's simply an incorporated company — unless it offers high-cost credit, payday loans, or money services, which do require a provincial licence or federal registration.
Bank
Confirm it on OSFI's federal register. Banks are chartered and federally supervised rather than “licensed”.
Credit union / caisse populaire
Confirm it with the provincial regulator where it operates (a few are federal, under OSFI).
Financing company
Confirm the corporate identity in a corporate registry. If it offers high-cost, payday, or money-services lending, also confirm the provincial licence or FINTRAC registration.
Mortgage broker / agent
Confirm the licence with the provincial mortgage regulator — this is the only type that carries a personal/firm licence number.
Registration is not an endorsement
Appearing in a corporate registry, or being registered with FINTRAC, only means the entity exists or met a filing requirement — it does not mean a regulator has vetted or approved them. FINTRAC states plainly that registration “does not indicate that FINTRAC endorses or licenses the business.” Loan Market does not verify, vet, or endorse lenders — always confirm credentials yourself with the regulator before dealing with anyone.
Useful links to check a lender or financing company
Official regulator and government registries. Start with the national links, then use the table for the province where the lender operates.
OSFI — Who we regulate
Confirm a bank or other federally regulated financial institution.
Canada's Business Registries
Search a financing company's corporate registration across most provinces and the federal registry.
Corporations Canada
Confirm that a federally incorporated company exists and is active.
FINTRAC — Money Services Business Registry
Check money-services businesses (currency exchange, transfers). Registration is not a licence or endorsement.
By province or territory
Credit unions and most consumer-lender licences are provincial, so check the province where the lender operates. Scroll the table sideways on a small screen.
Links point to official regulators and government registries and were last checked in June 2026. If a link has moved, search the organisation name shown. For the territories (NT, NU, YT) there is no provincial credit-union or high-cost-credit framework — any credit union there would be federally regulated by OSFI.
Safety rules & your responsibilities
These apply to everyone who uses the platform.
- No document uploads. The platform does not accept financial documents or ID, and you should never try to send them.
- Do not share your SIN, bank login, passwords, tax documents, pay stubs, bank statements, or ID documents through the platform.
- Do not pay upfront fees to receive a loan. Be cautious of anyone who asks for one, and report it.
- You are responsible for your own due diligence on any borrower, lender/broker, offer, or agreement.
- Lenders and brokers are responsible for their own licensing, advertising, disclosure, and legal compliance.
- Loan Market may suspend or remove users or listings for safety reasons.