Canada Post expands financial services, offering loans of up to $30K

​Canadians now have another option for their loan provider: Canada Post.

The Crown corporation announced it's expanding Canada Post MyMoney Loan that’s delivered with Toronto-Dominion Bank.

Canadians will be able to borrow variable or fixed loans from $1,000 to $30,000, with repayments that can be spread over one- to seven-year terms.

“Offering personal loans will help communities connect to the financial services they need,” it said on its website.