Loan Bay – Loan Bay

Canada’s most
competitive home loan platform

Loan Bay is an AI-run platform that offers to our clients digital services that will link borrowers and lenders. The company does not only provide an online comparison, it allows the companies to bid and provide binding commitments to the borrower and let borrower choose the best loan for the borrower.

The platform enables brokers (who are representing banks, credit unions and other types of private loan companies) to compete while offering a loan to a borrower, (individual or a company) at a best available on the market rate.

By leveraging algorithm-based technology, we provide digital services where our borrowers can obtain the best available on the market rate for a loan in a comfort of their home and without having to spend hours and days while attending and negotiating best suitable loan offers from various brokers offering home loans. Our platform allows the brokers to compete for the customer.

Numbers You Can Trust

Average time saved per
customer

1 h

Flexible interest rate for
owner occupied home loans

1 %

Fixed interest rate for
owner-occupied home

1 %

Interest rate for
commercial loans

1 %

How does it work?

Apply Now

In just 5 simple steps you can submit your home loan profile and watch banks compete against each other to give you the lowest rate.

You don’t have to accept any offers and your information is kept private until you accept.

Below are 4 simple steps to be taken to get engaged

Questionnaire

Auction your loan

Choose the Best Offer

Your Portal

Our Partners

Your mortgage loan will most likely become one of your biggest financial commitment for years to come. Therefore, it is extremely important that you find the best deal available for you out there. With our help, you will be able to compare deals from over 90 various lenders in Canada to provide you with necessary confidence that you have found the best deal for you.

Loan Bay Advantage

Our objective is to become Canada’s top digital home mortgage provider while being your guide on the path of geting the best deal available on the market and, in the end, build a fair and transparent financial marketplace for all Canadians. We pursue the following key values.

Save Time and Money

When brokers and financial institutions that they represent compete, you gain by getting the best home loan in a short turnaround time.

No Obligation

You are under no commitment and have total control of the process until you locate the best offer and the loan transaction is closed. You hold the power to choose what offer serves your needs best.

Fair and Openy

Unlike other platforms, there are no registration or monthly fees that must be paid by our brokers and financial institutions that they represent. Competition for your loan is free for every broker available at our platform.

Private and Secure

We employ bank-grade security technologies to ensure that you are the only one who controls your data and personal information.

Quality Ensured

Each broker and lender is screened before receiving our approval. They are also reviewed and rated regularly by customers.

100% Free

We are able to make our service available free of charge. This is possible because we manage to attract only serious borrowers committed to find the best mortgage options out there through our one unique digital platform.

Why we do it

Loan Bay is undoubtedly one of the best decisions that my husband and I made throughout our home buying journey.

Linda Solmer-Baker

I have contacted several individual mortgage brokers, banks and online mortgage rate comparing platforms, yet I could not find the deal that was right for me. Loan Bay proved to be the best choice for my mortgage needs. I highly recommend the service.

Marcus Badovski

We never thought that finding the right mortgage broker for our house refinancing could be that easy. It took us 3 days to have the offer chosen and go ahead with the deal.

Miranda Knowles