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Karoo

Fuss-free finance

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Karoo is a Canadian consumer lending company that provides unsecured personal loans from $500 to $5000 with terms of 6 to 24 months. The application process is fully online, with pre-approvals and funding delivered quickly, and no fees for early repayment. Loans are offered to residents of Ontario, British Columbia, Manitoba and Alberta who have a bank account in good standing.

The service includes online applications, instant rate quotes, and bank-grade encryption for data protection. Repayments can be made bi-weekly, and the stated APR ranges from 31.99% to 34.99%. Karoo is available to consumers who have not taken out a payday loan or instalment loan in the last 30 days, with offers subject to income and identity verification. A separate site serves US customers.

7 alternatives to Karoo

Ranked by how well each tool replaces Karoo: shared features, audience, price and popularity.

  1. Kosh

    Kosh brings affordable credit to India's workforce

    53 out of 100 match—

  2. Karbon Business (Karbon Card)

    Corporate cards and foreign remittance services for Indian businesses

    49 out of 100 match—

  3. ClickPe

    One Stop Solution for All Your Loan Needs

    48 out of 100 match—

  4. Karat

    Business banking and cards for growing businesses

    Has a free plan.

    Free plan
    44 out of 100 matchFree

  5. Karsa

    Business and personal banking for emerging markets

    43 out of 100 match—

  6. Bree

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    39 out of 100 match—

  7. Ralo

    Mortgage rates worth bragging about

    37 out of 100 match—