The range of credit scores is 300-900 in Canada for loans. The closer you get to a -900 credit score, the more chances to get a loan. There are 3 types of loans available in Canada namely Personal loans, home loans, and student loans. Payback capacity is measured on various factors like income assets, credit history, current debt load, and credit score. As early as these criteria are measured and completed, the loan is sanctioned at a certain rate of interest.