How to apply for a loan?
Eastern Loans is operating online. The application process is easy and quick. You may get the cash the same day.
Therefore there are some requirements if you want to get any payday loan with Eastern Loans.
What do you need to apply for a loan:
Go to the official website.
Fill out the online application with your personal information.
The data that will be needed or verified during the application:
• Government Photo ID (driver's license or other proof of identification)
• Your latest bank statements for at least 90 days, paystubs
• A recent utility bill (or other proof of address)
• A pre-authorized debit form or VOID cheque (for deposits and payments)
All the information is confidential and collected to evaluate the client's ability to take and pay back loans.
Review and submit your application. Sign up an agreement. Send the required documents.
Wait until an agent verifies your information and gives approval.
The company accepts your request and you receive the money directly to your bank account.
Pay back from your next payroll within several installments within 3-5 months.
Application details
An application form could be filled out and submitted 24/7. If you apply on holiday, send your documents and the request will be operated the next business day.
Once all required information is received, agents decide if your application is accepted within 24 hours.
The approval is ready before 10.30 am? Your cash may be paid out within the same day through direct deposit or e-transfer.
Business hours: Monday to Friday : 8.00am to 1.00am EST. Saturday: 10.00am to 4.00pm EST. Sunday: 10.00am to 4.00pm EST.
There are reasons why your application may be rejected:
Have active bankruptcy or consumer proposal
Don't have a steady job
Essential documents are incomplete or have incorrect information
Too many NSF on transactions
Self-employment income (there isn't a fixed pay date)
Be sure to meet the requirements like the amount and source of revenue, a verified Canadian bank account, residency, etc. Also, check if you provide all the required information, for instance, 90 days bank statement.
Go to the Eastern Loans official website and click the «Apply now», «Get started» orange button.
Choose the reason for borrowing: debt consolidation, travel, car repairs, home improvement, bills, and expenses, or others. Fill in your email address. Click «Continue».
Fill out personal information: name, birth date, phone number. Click «Continue».
Fill out residential info: address, how long have you been living there, homeowner/tenant, the amount of housing cost/ rent.
Give extensive employment info: status, employer name, job title, activity area, hiring date, supervisor or HR contacts, and work phone number. Click «Continue».
Provide financial information: annual salary, pay interval (weekly — bimonthly), next-day deposit, bank name.
Give references: name, phone, and relationship of a person that does not live with you (a spouse or grandparents isn't relevant).
Tick that you agree with the terms and conditions.
Sign the agreement.
If you meet the requirements and provide the information accurately, the decision will be made quickly. Once approved, your loan could be funded the same day.
The consumer may cancel this contract without charge within 2 days. The contract is annulled, without further formality, when the funds are returned or the notice is forwarded to the lender.
