Loans to Private Sector in Canada increased to 714806 CAD Million in September from 709261 CAD Million in August of 2025. This dataset provides - Canada Loans to Private Sector - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Key information about Canada Total Loans Growth

• Canada Total Loans Growth was reported at 4.19 % in Sep 2025
• This records a decrease from the previous number of 4.34 % for Aug 2025
• Canada Total Loans Growth data is updated monthly, averaging 6.80 % from Jan 1970 to Sep 2025, with 669 observations
• The data reached an all-time high of 23.88 % in Jul 1974 and a record low of -1.43 % in Jul 1983
• Canada Total Loans Growth data remains active status in CEIC and is reported by CEIC Data
• The data is categorized under World Trend Plus’s Global Economic Monitor – Table: Total Loans: Y-o-Y Growth: Monthly

CEIC calculates monthly Total Loans Growth from monthly Total Loans. Total Loans are calculated as the sum of Private Non Financial Corporations Loans and Household Loans. Statistics Canada provides Loans to Private Non Financial Corporations and Households in local currency. Total Loans Growth cover lenders as All Financial Institutions. Total Loans Growth cover debtors as Private Non Financial Corporations and Household Sector only. Total Loans Growth prior to January 1991 is sourced from the Bank of Canada.

The share of bank account holders who could imagine dealing with their financial transactions exclusively via their mobile phones in Canada remained the same between 2018 and 2025, despite fluctuations. According to Statista's Consumer Insights, ** percent of the bank account holders found it possible to deal with their finances exclusively through their smartphones in the third quarter of 2025.

Key information about Canada Non Performing Loans Ratio

• Canada Non Performing Loans Ratio stood at 0.7 % in Jun 2025, compared with the ratio of 0.7 % in the previous quarter
• Canada Non Performing Loans Ratio data is updated quarterly, available from Mar 2005 to Jun 2025
• The data reached an all-time high of 1.3 % in Jun 2010 and a record low of 0.3 % in Sep 2022

The International Monetary Fund provides quarterly Non Performing Loans Ratio.


Further information about Canada Non Performing Loans Ratio

• In the latest reports, Money Supply M2 in Canada increased 5.2 % YoY in Sep 2025
• Canada Foreign Exchange Reserves was measured at 99.7 USD bn in Oct 2025
• The Foreign Exchange Reserves equaled 2.0 Months of Import in Aug 2025
• The country's Domestic Credit reached 4,851.8 USD bn in Sep 2025, representing an increased of 4.7 % YoY
• Household Debt of Canada reached 2,254.5 USD bn in Sep 2025, accounting for 97.7 % of the country's Nominal GDP

Actual value and historical data chart for Canada Loan In The Past Year Percent Age 15

In 2025, mortgage interest rates in Canada decreased. The five-year insured fixed mortgage interest rate as of May 2025 stood at **** percent, making it the most affordable mortgage type. Meanwhile, the insured mortgage rate fixed for under one year was the highest, at **** percent.

Business or organization plans to apply for debt financing and intended uses of this funding, by North American Industry Classification System (NAICS), business employment size, type of business, business activity and majority ownership, second quarter of 2025.

Complete mortgage loan limits for Canadian County in 2025. Includes conventional, FHA, VA, and USDA limits.

Conventional, FHA, VA, and USDA mortgage loan limits for Canadian County in 2025. Includes limits for 1-4 unit properties and historical data.

Canada Business Loans: Funds Advanced: Mortgage: Non-Residential data was reported at 4.990 % pa in Feb 2025. This records a decrease from the previous number of 5.170 % pa for Jan 2025. Canada Business Loans: Funds Advanced: Mortgage: Non-Residential data is updated monthly, averaging 3.560 % pa from Jan 2013 (Median) to Feb 2025, with 146 observations. The data reached an all-time high of 7.110 % pa in Oct 2023 and a record low of 2.690 % pa in Jan 2021. Canada Business Loans: Funds Advanced: Mortgage: Non-Residential data remains active status in CEIC and is reported by Bank of Canada. The data is categorized under Global Database’s Canada – Table CA.M010: New and Existing Lending: Business Loans. [COVID-19-IMPACT]

Actual value and historical data chart for Canada Loan From Family Or Friends In The Past Year Percent Age 15

Key information about Canada Total Loans

• Canada Total Loans was reported at 3,281.451 USD bn in Sep 2025
• This records a decrease from the previous number of 3,319.207 USD bn for Aug 2025
• Canada Total Loans data is updated monthly, averaging 587.952 USD bn from Jan 1969 to Sep 2025, with 681 observations
• The data reached an all-time high of 3,326.093 USD bn in Jun 2025 and a record low of 37.951 USD bn in Jan 1969
• Canada Total Loans data remains active status in CEIC and is reported by CEIC Data
• The data is categorized under World Trend Plus’s Global Economic Monitor – Table: Total Loans: USD: Monthly

CEIC calculates monthly Total Loans as the sum of Private Non Financial Corporations Loans and Household Loans, and converts it into USD. Statistics Canada provides Loans to Private Non Financial Corporations and Households in local currency. The Federal Reserve Board period end market exchange rate is used for currency conversions. Total Loans cover lenders as All Financial Institutions. Total Loans cover debtors as Private Non Financial Corporations and Household Sector only. Total Loans prior to January 1990 is sourced from the Bank of Canada.

Snapshot img

Personal Loans Market Size 2025-2029

The personal loans market size is forecast to increase by USD 803.4 billion, at a CAGR of 15.2% between 2024 and 2029.

The market is witnessing significant advancements, driven by the increasing adoption of technology in loan processing. Innovations such as artificial intelligence and machine learning are streamlining application processes, enhancing underwriting capabilities, and improving customer experiences. Moreover, the shift towards cloud-based personal loan servicing software is gaining momentum, offering flexibility, scalability, and cost savings for lenders. However, the market is not without challenges. Compliance and regulatory hurdles pose significant obstacles, with stringent regulations governing data privacy, consumer protection, and fair lending practices. Lenders must invest in robust compliance frameworks and stay updated with regulatory changes to mitigate risks and maintain a competitive edge.
Additionally, managing the increasing volume and complexity of loan applications while ensuring accuracy and efficiency remains a pressing concern. Addressing these challenges through technological innovations and strategic partnerships will be crucial for companies seeking to capitalize on the market's growth potential and navigate the competitive landscape effectively.

What will be the Size of the Personal Loans Market during the forecast period?

Explore in-depth regional segment analysis with market size data - historical 2019-2023 and forecasts 2025-2029 - in the full report.
Request Free Sample

The market continues to evolve, driven by advancements in technology and shifting consumer preferences. Digital lending platforms enable online applications, automated underwriting, and instant loan disbursement. APIs integrate various financial planning tools, such as FICO score analysis and retirement planning, ensuring a comprehensive borrowing experience. Unsecured loans, including personal installment loans and lines of credit, dominate the market. Credit history, interest rates, and borrower eligibility are critical factors in determining loan terms. Predictive modeling and machine learning algorithms enhance risk assessment and fraud detection. Consumer protection remains a priority, with regulations addressing identity theft and fintech literacy.

Credit utilization and debt management are essential components of loan origination and debt consolidation. Repayment schedules and debt management plans help borrowers navigate their financial obligations. Market dynamics extend to sectors like student loans, auto loans, and mortgage loans. Loan servicing, collection agencies, and loan application processes ensure efficient loan administration. Open banking and data analytics facilitate seamless financial transactions and improve loan approval processes. Small business loans and secured loans also contribute to the market's growth. Continuous innovation in digital lending, credit scoring, and loan origination shapes the future of the market.

How is this Personal Loans Industry segmented?

The personal loans industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Application

  Short term loans
  Medium term loans
  Long term loans


Type

  P2P marketplace lending
  Balance sheet lending


Channel

  Banks
  Credit union
  Online lenders


Purpose

  Debt Consolidation
  Home Improvement
  Medical Expenses
  Education


Geography

  North America

    US
    Canada


  Europe

    France
    Germany
    Italy
    UK


  APAC

    China
    India
    Japan


  South America

    Brazil


  Rest of World (ROW)

By Application Insights

The short term loans segment is estimated to witness significant growth during the forecast period.

Personal loans continue to gain traction in the US market, driven by the convenience of online applications and the increasing adoption of digital lending. Unsecured loans, such as personal installment loans and lines of credit, allow borrowers to access funds quickly for various personal expenses, including debt consolidation and unexpected expenses. Short-term loans, including payday loans and auto title loans, provide immediate financial relief with quick approval and flexible repayment schedules. Predictive modeling and machine learning enable automated underwriting, streamlining the loan origination process and improving borrower eligibility assessment. Credit scoring, FICO scores, and debt-to-income ratios (DTIs) are essential components of the credit evaluation process, ensuring responsible lending practices.

Digital lending platforms offer customer service through various channels, including mobile banking and open banking, enhancing the borrower experie

The share of bank account holders who could imagine dealing with their financial transactions exclusively online decreased notably in Canada between 2018 and 2025. According to Statista's Consumer Insights, ** percent of the bank account holders found it possible to deal with their finances exclusively online in 2018, and this number increased to ** percent in the second half of 2019. In the third quarter of 2025, however, only ** percent of the respondents indicated the same attitude towards online financial transactions.

Business credit interest rate, percent in Canada, June, 2025 The most recent value is 5.09 percent as of June 2025, an increase compared to the previous value of 5.07 percent. Historically, the average for Canada from July 2016 to June 2025 is 4.2 percent. The minimum of 2.73 percent was recorded in September 2021, while the maximum of 6.49 percent was reached in May 2024. | TheGlobalEconomy.com

Canada Business Loans: Outstanding Balances data was reported at 5.260 % pa in Feb 2025. This records a decrease from the previous number of 5.340 % pa for Jan 2025. Canada Business Loans: Outstanding Balances data is updated monthly, averaging 3.795 % pa from Jul 2016 (Median) to Feb 2025, with 104 observations. The data reached an all-time high of 6.490 % pa in May 2024 and a record low of 2.800 % pa in Sep 2021. Canada Business Loans: Outstanding Balances data remains active status in CEIC and is reported by Bank of Canada. The data is categorized under Global Database’s Canada – Table CA.M010: New and Existing Lending: Business Loans. [COVID-19-IMPACT]

Browse the full historical data for Canadian County mortgage loan limits from 1972 to 2025. This comprehensive table shows how loan limits have changed over 50+ years, helping you understand long-term trends in your local housing market.

Canada Consumer Credit: Funds Advanced: Personal Loan Plans data was reported at 8.290 % pa in Feb 2025. This records a decrease from the previous number of 8.420 % pa for Jan 2025. Canada Consumer Credit: Funds Advanced: Personal Loan Plans data is updated monthly, averaging 5.495 % pa from Jan 2013 (Median) to Feb 2025, with 146 observations. The data reached an all-time high of 10.050 % pa in Nov 2023 and a record low of 4.430 % pa in Aug 2016. Canada Consumer Credit: Funds Advanced: Personal Loan Plans data remains active status in CEIC and is reported by Bank of Canada. The data is categorized under Global Database’s Canada – Table CA.M009: New and Existing Lending: Consumer Credit. [COVID-19-IMPACT]

Actual value and historical data chart for Canada Bank Nonperfoming Loans To Total Gross Loans Percent

Business or organization plans to apply for debt financing, by North American Industry Classification System (NAICS), business employment size, type of business, business activity and majority ownership, first quarter of 2025.