PERSONAL
BUSINESS
Luminus Financial Banner Logo
MENU
Become a member

Personal Loans

A loan designed with you in mind

Open An Account
A BETTER WAY TO BANK

Invest in yourself, your experiences, and your future

Sometimes a personal loan makes the most financial sense. A loan can boost your credit, finance a dream, or provide the financial wiggle room you need to move forward. No matter what you need a personal loan for, we’re here to help make sure you find the loan that fits your unique financial goals.

Saving made easy

Whatever you need
Taking the trip of a lifetime or buying a car? No matter what you need the funds for, we’re here to help.
Flexible terms
We’ll help build a payment plan that matches your life. Take up to 7 years to repay your loan without penalty.
Simple repayment
Automate your loan payments with direct debit and payroll deductions.

Account features

Flexible financing
We offer a range of personal loans, from education loans to car loans. We’re here to help meet your financial goals. Whatever your dream or aspiration, we have the right loan for you.
Quick loan application
Life is too short to postpone your dreams. With our quick and hassle-free application process, you can access the funds you need promptly. Don't wait for tomorrow; make it happen today.
Extended repayment
Enjoy the convenience of up to seven (7) years to repay your loan. This extended term allows you the flexibility to manage your finances without unnecessary stress.
Automated payments
Simplify your life with payroll deductions or direct debit options that can be automated. This ensures timely payments, giving you peace of mind and helping you stay on top of your financial commitments effortlessly.
Online loan management
Take control of your loan from the comfort of your home. Our user-friendly online platform allows you to manage your loan, track payments, and access important information with ease.
Personal Loans Application
QUICK APPLICATION

Don't let financial constraints hold you back

Experience the freedom to achieve your goals with a Luminus Financial Personal Loan. Apply today and take the first step toward turning your dreams into reality.
APPLY NOW

Frequently asked questions

A personal loan is an unsecured loan that allows you to borrow a lump sum for various purposes, including home improvements, a major purchase, or unexpected expenses. Unlike a mortgage or car loan, it is not tied to a specific asset.

A secured personal loan requires collateral (e.g., term deposit or car), while an unsecured personal loan doesn't. Unsecured loans may have higher interest rates but do not put your assets at risk.

The loan amount depends on factors like your income and risk profile.
Interest is calculated based on the loan amount, interest rate, and the loan term. Fixed-rate loans have consistent monthly payments, while variable-rate loans may see fluctuations.

Repayment terms vary but commonly range from twelve (12) months to eighty-four (84) months. Shorter terms may have higher monthly payments but lower overall interest costs.

Taking out a personal loan can impact your credit score. Timely payments positively affect your score, but missed payments or defaults can have adverse effects. Understanding the terms and repaying responsibly is crucial.
Fees may include origination fees, late payment fees, or prepayment penalties.

Member news & articles

SEE ALL ARTICLES

We often send out our newsletter with news and great offers. We will never disclose your data to third parties and you can unsubscribe from the newsletter at any time.

Ready to get started?

Become a member

Dear Members: In connection with the audit of the financial statements of Luminus Financial Services & Credit Union as at December 31, 2025 and for the year then ended, please review your statement. If it does not agree with your records, please report any differences directly to our auditors, MNP LLP: Bryn Hafer, bryn.hafer@mnp.ca, (416) 617-3074.

Luminus 75th Anniversary Logo
BANKING
BORROWING
INVESTING & INSURANCE
ABOUT LUMINUS

© 2023 Luminus Financial. All rights reserved. | View our Legal and Privacy Policy pages.

Skip to content