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Lenders & Fees

Private Lender

Last updated: October 2026

What is Private Lender in Canadian mortgages?

Short-term (6-12 months) high-rate loans for difficult scenarios. No credit score or income requirements.

What is the Private Lender limit for Canadian mortgages?

Rates: 8-15%+, 1-3 points lender fee

Private Lender example

Worked example

Bridge financing during credit repair or construction projects.

Related lenders & fees terms

How bips handles Private Lender

bips is an AI placement engine for Canadian mortgage brokers. It tests a borrower scenario against 40+ Canadian lenders in about two minutes, applying GDS, TDS, LTV, stress test and CMHC rules to every match. Free for the first 3 placements.