CO-SIGNER LOANS · 2026 CANADA

Two names. Half the rate.

A cosigner with good credit can drop your APR by 8–15 points and unlock larger amounts. They are fully responsible — choose carefully, and have the conversation early.

Drop APR 8–15 points Larger amounts approved Builds both your credit profiles

YOU + A COSIGNER

Your credit score560

Cosigner credit score750

Loan amount$15,000

YOU ALONE24.00%$432/mo

→

YOU + COSIGNER16.00%$365/mo

You save $4,005 over 60 months.

See lenders that accept cosigners ↓

Canadian lenders that accept cosigners

Loans Canada Network

Co-signer accepted

Min score (with cosigner): 480+
Max amount: $50,000

Largest network · best for credit-tier mismatches

Spring Financial

Co-signer accepted

Min score (with cosigner): 540+
Max amount: $35,000

Credit-builder loans also work as co-signed

Fairstone

Co-signer accepted

Min score (with cosigner): 520+
Max amount: $50,000

In-person co-signer interview required

Borrowell

Co-signer not accepted

Min score (with cosigner): 660+
Max amount: $35,000

Does not accept co-signers, but offers a guarantor option

What your cosigner is actually signing up for

IF…THEN…

If you miss a paymentCosigner gets notified; their credit drops with yours.

If you default entirelyLender can sue cosigner for the full balance.

On the cosigner credit reportLoan appears as their debt for utilization & DTI purposes.

When you want to remove themRefinance in your name only after 1–2 yrs of on-time payments.

If cosigner diesEstate is liable. Lender usually does not call the loan, but check.

Canadian lenders that accept cosigners

Loans Canada Network

Spring Financial

Fairstone

Borrowell

What your cosigner is actually signing up for

Honest answers

If a cosigner is not an option