Choose a country
Canada
Choose a city
Choose a city
Choose a language
English
Select country
Choose a country
Canada
Canada
España
México
Philippines
United States
Việt nam
Казахстан
Россия
Україна
Lender
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Easyfinancial

Finanso.Multilogin™

About lender

Easyfinancial is a credit company located in Canada that provides various types of loans. For example, customers have an opportunity to buy a car, restore a house, or cover healthcare expenses using borrowed money. Loans are also frequently used for bill payments and educational costs.

The organization's goal is to meet the unique needs of its clients. The majority of customers can get personal loans even if all the banks refuse. It gives a chance to improve credit records and build a safe and better financial future. According to the information posted on the official website, 60% of clients have improved their credit scores thanks to easyfinancial. Additionally, one of the goals is to provide free financial education to customers. On the official website, there are a lot of articles and calculators, which can be very useful for people who care about their financial future.

Easyfinancial has already been working for over 16 years. Every day Canadians use its services to increase their welfare. There are over 380 offices all over the country. The total amount of issued loans exceeds $7.2 billion. easyfinancial has given business and personal loans to about 600,000 clients. As a result, plenty of customers has the opportunity to improve their financial future. Making on-time payments helps improve their credit scores. There is also a great chance to build a good credit history for new Canadian residents.

Features

Easyfiancial offers different types of lending. First, the consumer has an opportunity to take an unsecured personal loan, which can be used to pay bills or cover unexpected expenses (for instance, a car repair or a wedding). There is an opportunity to take secured loans with better conditions. This type is called Home Equity Loan. Such credits are secured with an existing mortgage. Auto loans are an option if you want to buy a car but do not have enough money. Finally, there is an opportunity for enterprise owners to borrow money and improve their businesses.

One more option is retail financing. Point-of-Sale Financing is a program that allows consumers to purchase various items and services now and pay later. The company works with more than 4,000 merchants.

Loan Protection Plan allows clients of easyfinancial stop worrying about unexpected situations which may lead to default risk.

Easy financial varies from banks. First, it approves applications from a much more comprehensive range of customers. The second difference is complete transparency. The organization's policy allows users to monitor their full financial profile.

On the official website, there are a lot of reviews from satisfied customers. Also, there are many positive reviews on third-party services. The organization has won several prestigious awards. For example, the "Platinum Trusted Service Award".

Easyfiancial supports a lot of volunteering projects, such as "Boys & Girls Clubs of Canada". The main goal is to create a safe space for kids and develop their skills. The other program is "Habitat for Humanity". Volunteers from this project help to rebuild houses in different countries.

Among other features of easyfinancial, which make it easy and profitable to use, are:

  • Flexible repayment terms;

  • Instant payments;

  • User-friendly official website.

Advantages

  • Loyal attitude to credit history of an applicant. Customers have an opportunity to get an unsecured personal loan even if all the banks say "No". A person with a poor credit record can take a loan and improve their credit score.

  • Applying does not affect the client's credit score.

  • The company's financial services arm provides the opportunity to pay bills, cover healthcare, education, and plenty of other costs using the borrowed funds.

  • Lending for small businesses helps improve the financial situation.

  • No waiting in lines.

  • Secured personal loans with better terms.

  • Several types of repayments: weekly, bi-weekly, semi-monthly, and monthly.

  • Low interest rates, which almost everyone can afford.

  • No up-front fees to apply for personal loans.

  • Convenient automatic payments according to the pre-authorized payment plan.

  • Opportunity to make an early repayment without any additional fees.

  • All the operations and personal data are highly secured. It makes the services completely safe.

  • Convenient customer support service with highly-qualified specialists.

  • An opportunity to manage all the processes online using the website;

  • Plenty of offices in Canada.

Campaigns and special offers

Easy financial can provide special terms for people impacted by Covid-19 pandemy. If you have lost a job or faced any other problem connected with Covid-19, there is an opportunity to extend the loan term or receive another form of support. You should contact the specialists and look for a possible solution. Every case is unique; that's why all the situations are considered individually.

Additionally, customers have an opportunity to gain a 2% interest rate reduction by applying with a co-applicant.

Methods of a loan granting

  • Via Interac e-Transfer;

  • Electronic Funds Transfer.

After the application approval, money is transferred to the customer's bank account within 24 hours.

FAQ

What are pros and cons of applying with easyfinancial?

Pros

  • Quick approval process
  • Large loan amounts
  • High rate of approval
  • Adjustable interest rates and repayment plans
  • Good credit history is not needed
  • Quick depositing
  • Loan protection

Cons

  • Possible high-interest rates
  • Limited availability
  • To get a higher loan amount, you need to have a cosigner
  • Interest is accumulated on missed payments
  • Prepayment penalties for certain types of lending

How to qualify with easyfinancial?

  • Be a Canadian resident
  • Be over the age of majority in your province
  • Have a good credit score (660-900)
  • Officially employed
  • Have a monthly income of at least $1,200
  • Have no recent consumer proposal
  • Have no outstanding debts
  • Have a cosigner

Can I receive my funds with e-transfer at easyfinancial? 

To get the borrowed funds through e-transfer, you need to have a valid e-mail address, phone number, and a bank account that accepts e-transfers. Thus, the money will be deposited in as little as 20 minutes.
Please note that e-transfers incur an additional charge of $4.99 per transfer.

I can no longer afford my loan payments and may have to declare bankruptcy. What should I do? 

If your debts are more extensive than you are comfortable with, you should reach out to the local branch or call easyfinancial. The specialists will offer guidance on addressing the existing debt and moving forward.

How can debt consolidation help me? 

A debt consolidation loan is a financial product that may help pay off your debt faster and save money. Having one monthly payment rather than multiple individual installments, you will be able to keep track of your finances and repay the existing debt faster.

Company documents

Privacy Policy

We’ve helped millions of Canadians just like you when banks aren’t an option. With lending products to meet your unique needs we can get you the loan you need today, while you rebuild your credit and graduate to lower interest rates for a better tomorrow.

© easyfinancial Services

Financial products

Easyfinancial
Bad credit loan
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Recommended FinScore™
0
300
650
1000
$500-$50,000
Rate
i

Effective interest rate on the product

from 34.99%
Term
i

Loan term for the financial product

9 - 120 months
Easyfinancial
Debt consolidation loan
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Recommended FinScore™
0
300
650
1000
$500-$50,000
Rate
i

Effective interest rate on the product

from 34.99%
Term
i

Loan term for the financial product

9 - 120 months
Easyfinancial
Home Equity Loans
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Recommended FinScore™
0
300
650
1000
$15,000-$75,000
Rate
i

Effective interest rate on the product

from 9.99%
Term
i

Loan term for the financial product

72 - 240 months
Easyfinancial
Installment loan
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Recommended FinScore™
0
300
650
1000
$500-$50,000
Rate
i

Effective interest rate on the product

from 34.99%
Term
i

Loan term for the financial product

9 - 120 months
Easyfinancial
Personal loan
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Recommended FinScore™
0
300
650
1000
$500-$20,000
Rate
i

Effective interest rate on the product

from 29.99%
Term
i

Loan term for the financial product

9 - 84 months
Easyfinancial
Auto loan
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Recommended FinScore™
0
300
650
1000
$5,000-$50,000
Term
i

Loan term for the financial product

12 - 84 months

Similar products

iCash
Payday loan
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Recommended FinScore™
0
300
650
1000
100$ - 1500$
Rate
i

Effective interest rate on the product

15% - 23%
Term
i

Loan term for the financial product

7 - 62 days
PayBright
Pay in 4
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Recommended FinScore™
0
300
650
1000
from $500
Rate
i

Effective interest rate on the product

from 0%
Term
i

Loan term for the financial product

up to 60 months
Borrowell
Personal loan
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Recommended FinScore™
0
300
650
1000
$500-$50,000
Rate
i

Effective interest rate on the product

up to 39.99%
Term
i

Loan term for the financial product

up to 84 months
Cash Money
Installment loan
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Recommended FinScore™
0
300
650
1000
$500-$10,000
Rate
i

Effective interest rate on the product

up to 46.93%
Term
i

Loan term for the financial product

up to 60 months
Cash Money
Payday loan
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Recommended FinScore™
0
300
650
1000
50$ - 1500$
Rate
i

Effective interest rate on the product

up to 391%
Term
i

Loan term for the financial product

1 - 62 days
Money Mart
Cash advance
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Recommended FinScore™
0
300
650
1000
$120-$1,500
Rate
i

Effective interest rate on the product

up to 575%
Term
i

Loan term for the financial product

up to 62 days

Calculate loan payments in Easyfinancial

Easyfinancial calculator will allow you to calculate an approximate payment schedule for the loan

Easyfinancial calculator
Interest rates are given in accordance with the rates of the bank in Ottawa as of 18.08.2022
Loan amount
i

Enter the desired loan amount

CAD
CAD
500 $
50000 $
Loan term
i

Specify the loan term for the calculation

months
days
9
120
Province

What to pay attention to when applying for a loan from Easyfinancial

  1. The company must have a license if it runs business in Alberta, British Columbia, Manitoba, Ontario and Quebec.
  2. You can check the availability of the relevant license (copy) at the branch of the lending company.
  3. Membership in a self-regulatory organization (SRO) is an additional guarantee of the reliability of the lending company. This information can also be checked at the company's branch or on its official website.
  4. Availability of lending policies.
  5. The procedure for applying for a loan.
  6. The procedure for concluding the loan agreement and receiving the payment schedule.
  7. Other conditions for granting loans.

We recommend

  1. To check out the interest rates and frequency. 
  2. Check the availability of individual terms in the loan agreement (principal amount, term, date of advance, etc.).
  3. Check whether the loan agreement contains information about the total cost of borrowing.
  4. Take time to think – you can change your mind before agreeing or signing a loan agreement.
  5. Speed of loan processing.
  6. Accessibility – alternative lenders often operate where there are no bank branches.
  7. For the borrower - high interest on the loan.
  8. For an investor, the safety of funds is not guaranteed by the state.

What distinguishes Easyfinancial from banks:

  1. Simplicity - loan processing is less formalized than in a bank.
  2. Fast loan processing.
  3. Accessibility.
  4. For the borrower - high interest on the loan.
  5. For an investor, the safety of funds is not guaranteed by the state.
Your comment has been added
Error
Your complaint has been recorded
Invalid username or password
comment.alert.error-reg
Please log in to like/dislike
Invalid SMS code has been entered
All Easyfinancial’s reviews by August 2022
Leave feedback

Similar companies

Goeasy
33 City Centre Dr #510, Mississauga, ON L5B 2N5
1 844 446 3279
Kingcash
TD Canada Trust Tower, 161 Bay St. 27th Floor, Toronto, ON M5J 2S1
1-844-895-8808
Auto Loan Solutions
3200 Bloor Street West Toronto, ON M8X 1E1
1-800-610-2391
Driven
License No. 6482091
130 Adelaide St W, Suite 3100, Toronto, Ontario, Canada, M5H 3P5.
1-866-889-9412
Symple Loans
161 Bay Street, Suite 2700 Toronto, ON, M5J 2S1
1-888-479-2292