Co-Signed Loans
Add a creditworthy cosigner to improve approval odds and access better rates. Useful for new credit or rebuilding.
Cosigner Boost
Stronger application together
Better Rates
Stronger profile, lower rate
Build Credit
Establish or rebuild history
Trusted Lenders
Licensed Canadian providers
A cosigned loan adds a second person — typically a family member with strong credit — to your application. The cosigner is equally responsible for repayment, which lowers the lender's risk and often results in approval where a solo application might be declined.
Cosigners can also access lower rates than the primary borrower would qualify for alone.
Co-Signer Requirements
- Both parties Canadian residents, age of majority
- Cosigner with strong credit and steady income
- Both with active Canadian bank accounts
- Primary borrower with steady income
- Cosigner willing to assume full repayment responsibility
Who should I ask to cosign?
Someone with strong credit and income who trusts you to repay — typically a parent or close family member.
What's the risk for my cosigner?
If you miss payments, the cosigner is legally responsible to pay. Late payments also hurt their credit.
Can the cosigner be removed later?
Some lenders allow cosigner release after a track record of on-time payments.
Does this help me build credit?
Yes — on-time payments build your credit history. Late payments hurt both you and your cosigner.
What loans accept cosigners?
Personal loans, auto loans, student loans, and some lines of credit commonly allow cosigners.
Use:
Most loan types
Interest Rates:
Often improved with cosigner
Cosigner:
Stronger credit needed
Repayment:
Joint responsibility
Approval Boost:
Significant
Apply for a Co-Signed Loan
Stronger together — improve approval and rates.