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Loans Canada

Loans Canada is an online loan search and comparison platform that helps Canadians compare loan options from lenders.

Last updated September 11, 2026

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Overview

Loans Canada is an online loan search and comparison platform. According to its official About page, Scott Satov, President of Loans Canada, spent two years building an online mortgage brokerage (Mortgages Canada, a separate entity) before bringing on Cris Ravazzano as Chief Technology Officer; together they built a platform to help Canadians find loans and financial products. Loans Canada launched on July 1, 2012, described on the About page as the country's first and today's largest online loan search and comparison platform. It began in Cris Ravazzano's home basement in the west island of Montreal and is now headquartered in Toronto. The homepage states that Loans Canada helps users compare Canada's best options for personal loans and debt consolidation.

History

According to the official About page, by 2012 Scott Satov, President of Loans Canada, had spent two years trying to build an online mortgage brokerage (Mortgages Canada, a separate entity) to make it easier for Canadians to find financing for their homes online. A couple of years into the project, it became clear to him that there was a large number of Canadians searching for loans online who had nowhere to turn to for financial help. At that time there was no visibility on the options available to many Canadians with credit issues, and most of these consumers were relying too heavily on payday loans and getting stuck in a cycle of debt they couldn't get out of. Scott brought on Cris Ravazzano as Chief Technology Officer and together they built a platform to provide Canadians with a new way to find the loans and financial products they were looking for. On July 1, 2012, Loans Canada was born: the country's first and today's largest online loan search and comparison platform. The idea was launched in Cris' home basement, in the west island of Montreal. The company started small, focused on creating a user-friendly platform and insightful educational content for its users so that they could make better informed decisions about their finances. Over the years it continued to develop its technology, hired new staff that share its mission, expanded its product suite, and today it is headquartered in Toronto. Initially, the goal was to provide consumers with a more affordable and manageable alternative to payday loans; it now offers dozens of products to Canadians all across the country.

Products and positioning

Online loan search and comparison platform for Canadians, with an emphasis on providing an alternative to payday loans.

  • Personal loans

  • Bad credit loans

  • Debt consolidation

Sources5 sources

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