Lotly
Lotly helps homeowners secure fair, stable loans from trusted lenders, specializing in secured personal loans, lines of credit, and mortgage refinancing. They focus on improving long-term financial health by consolidating expensive debt into lower payments, even for those with credit challenges or complex income situations.
Expert Review
Best For
Lotly works best for Canadian homeowners who want to consolidate high-interest debt, refinance existing mortgages, or access equity for major financial goals, especially if they have been declined by banks.
Our Take
Lotly is a Canadian home-equity-focused lending platform that prioritizes advice, negotiation, and long-term financial outcomes for homeowners. They work with multiple trusted lenders to structure secured personal loans, home equity loans, secured lines of credit, and mortgage refinances. Their approach is tailored to fit a homeowner’s full financial picture, including those with credit challenges or non-traditional income.
What We Like
- Advisory and negotiation model across multiple lenders
- Focus on long-term financial health and debt consolidation
- Competitive rates for secured lending (6% to 16%)
- Flexible repayment options (bi-weekly or monthly)
- Ability to assist borrowers with complex financial situations
Where to Improve
- Funding often takes over a week, which is slower than unsecured options
- Solutions are secured, requiring borrowers to use home equity
- More involved documentation requirements compared to fully digital lenders
Verdict
Lotly is an excellent option for homeowners seeking strategic financing to reduce high-interest debt or stabilize cash flow, particularly if their situation is nuanced. While not for fast emergency cash, it provides a thoughtful, homeowner-first approach to leverage home equity for financial stability.
Brand Signals & Trust
Years in Business
6+
Geographic Reach
1 province
Product Diversity
1 product
Customers Served
Thousands
Trust Badges
Quality Lender, Established Lender
Products Offered
Home Equity Loan
Amount Range
$15,000 - Unlimited
Interest Rate
6% - 16%
Term
1 - 5 Years
Funding Speed
Over a week
Eligibility
- Canadian resident
- Over 18 years of age
- Owns a home
Google Reviews
70 Google reviews
Monday: 8:00 AM – 6:00 PM
Tuesday: 8:00 AM – 6:00 PM
Wednesday: 8:00 AM – 6:00 PM
+4 more days
Photos
Working with Ayaz was an exceptional experience from start to finish. As someone who initially felt overwhelmed by the process,I was truly grateful to have his guidance in every step of the way. Ayaz took the time to clearly explain my options, answered every question with patience and expertise and always made sure I felt confident in each decision. His communication outstanding, regular updates and commitment to keep everything on track Thank you Ayaz I highly recommend you.
It's been a great experience working with Ayaz from Lotly. Extremely transparent and explanatory through the entire mortgage application process. He was always on top of what's needed and and always accessible, communicating through each stop. 10/10 experience, I would highly recommend Ayaz and Lotly.
Marby Guiao Acted on my behalf in the most efficient and professional way. I had a wonderful experience and will recommend his services to everyone in the future. He was on top of all my problems and questions, knew what he was doing and quick to respond. Very kind and professional gentleman.
Marbi was amazing to work with throughout our loan process. He explained everything clearly, was always available to answer questions, and made the entire experience smooth and stress-free. We truly felt supported every step of the way and couldn’t be happier with the outcome. Highly recommend!
Came across Lotly’s for a consultation and the experience was effortless from the first point of contact with Sofie to being directed to Ayaz-I knew I was in good hands. Yes, people do their jobs but this team loves what they do and it shows in the care they put into their work. Not about crunching numbers-actually listening and presenting you with all the possible outcomes, solutions, multiple options, best and worst case scenario. Going above and beyond with a future plan so that I’d be in an even better position once it’d be time to revisit my contract. Anything mortgage related can be a very stressful and tedious matter- A great big thanks to Ayaz for making this a stressless, big sigh of relief type experience. You are exceptional at what you do! At a time where I was apprehensive not knowing where to look for help or where to begin and feeling misguided from the previous mortgage directions I was provided-I’m extremely grateful that I landed in Lotly’s care and expertise. You can be at ease-Working with them means having a great team behind you every step of the way.
How Lotly Compares
Quick Eligibility Check
Get a quick indication of whether you might qualify with Lotly.
This is an estimate only and does not guarantee approval. For a detailed assessment, use our full loan estimator.