- Cost per $100
- $14.00
- Borrow up to
- $1,500
- Funding
- Next business day
- Apply
- Online and in-store
Licence verified AB, BC, MB, NB, NL, NS, ON, SK
Libro Credit Union personal loans: rates, eligibility and review
Last reviewed November 12, 2026 by the Koke editorial team.
Libro Credit Union is a member-owned credit union based in London, Ontario, serving southwestern Ontario. Its personal loans start at 5.70% on approved credit, and overdraft protection of up to $5,000 costs 19.49%. You borrow by booking a meeting or a call with a Libro Coach rather than through an instant online form.
Last reviewed November 12, 2026
Libro Credit Union at a glance
- Provinces served
- Ontario
- Apply
- In store, Phone
- Borrow
- Not published; ask the lender
- Repay within
- —
- Loan type
- Instalment loan
- Interest rate
- Personal loans from 5.70%; overdraft up to $5,000 at 19.49%
- Money arrives
- 2 to 3 business days (Into your Libro account once a Coach approves the loan)
- Credit check
- Hard credit check: “Rates apply to approved credit only”
- If a payment bounces
- —
- If you pay late
- —
- Support hours
- —
Is Libro Credit Union licensed where I live?
Libro Credit Union is an Ontario credit union, not a payday or high-cost lender. Credit unions are registered with the Financial Services Regulatory Authority of Ontario (FSRA), and the Verify link opens FSRA's credit union finder so you can confirm the registration. Membership is required before you can borrow.
| Province | Licence number | Status | Regulator | Checked on |
|---|---|---|---|---|
| Ontario | Not published | Verified | Financial Services Regulatory Authority of Ontario (FSRA) · Verify | November 12, 2026 |
Apply now opens Koke’s application page, which sends your answers to our matching partner LeadScout. It may match you with Libro Credit Union or with other lenders. Koke may be paid for referrals and for clicks to lender websites; that never changes our rating. Disclosure
This is not a payday loan: Libro Credit Union charges interest over time (Personal loans from 5.70%; overdraft up to $5,000 at 19.49%) instead of a fee per $100, and your exact rate is set when you apply. Read the total cost of borrowing on the lender’s quote before you sign.
How borrowing from Libro works
Libro is a co-operative owned by its members. Instead of filling in an automated form, you book a meeting or phone call with a Libro Coach, who reviews your finances and suggests a personal loan, line of credit or overdraft. Personal loans start at 5.70% and overdraft protection runs up to $5,000 at 19.49%, on approved credit, with rates last updated on October 29, 2026.
What to watch
Allow a few days: booking and approval take longer than an online lender’s. The 5.70% figure is the floor for strong credit, so ask for your actual rate and total cost in writing. If you only need a few hundred dollars to bridge a pay period, ask about overdraft protection, which costs far less than a payday loan.
What we like
- Personal loan rates from 5.70%, among the lowest published in Ontario
- Overdraft protection up to $5,000 for small, short gaps
- A Coach looks at your whole situation, not just a score
What to watch
- Membership required, and branches are concentrated in southwestern Ontario
- No instant online application; you book a meeting
- Approval follows normal bank-style credit standards
Where Libro Credit Union lends
Other licensed lenders in Ontario
Applications go through our partner Loans Canada, which may match you with this or other lenders. Koke may be paid for referrals. Lenders decide approval, cost and terms.
- Cost per $100
- $14.00
- Borrow up to
- $25,000
- Funding
- Next business day
- Apply
- Online and in-store
Licence verified AB, BC, MB, NB, NL, NS, ON, PE, SK
- Cost per $100
- $14.00
- Borrow up to
- $1,500
- Funding
- Same day
- Apply
- Online
Licence verified AB, BC, MB, NB, NS, ON, PE
A payday loan isn’t your only option. See lower-cost alternatives
Reviewed by Trust Pilot, Accredited Financial Counsellor Canada® on November 12, 2026. Our editorial standards
Sources
- Libro Credit Union: loans and lines of credit (rates updated Oct 29, 2026) (accessed November 7, 2026)
Update log
- — Licences verified on provincial registers (ON) by admin.
- — Profile published from public sources. Licences listed as stated by the lender; register check by Koke pending.