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Lender
Rating by Finanso®
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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's application

Finanso.Multilogin™

How to apply

There are three steps to apply for a loan. First, the applicant needs to submit an application either online or through one of 380 locations all over Canada. The next option is to provide the required documents, depending on the lending type. The whole process takes no longer than seven minutes. The money will be transferred to the client's bank account within one business day if the application is approved.

Different types of loans have various document requirements. For simple loans, clients should provide:

  • A valid Government-issued photo ID;

  • Proof of income;

  • A void cheque or pre-authorized debit form;

  • Proof of address;

  • Two most recent pay stubs;

  • Bank statement for the past 90 days;

  • A recent bill addressed to the customer's current home.

For Home Equity Loans:

  • A valid Government-issued photo ID;

  • Proof of income;

  • A void cheque or pre-authorized debit form;

  • Proof of address;

  • An annual mortgage statement;

  • An annual property tax statement;

  • Two most recent pay stubs;

  • Bank statement for the past 90 days;

  • A recent bill addressed the client's current home.

FAQ

Reasons for rejection

After receiving the application, the system of easyfinancial analyzes the customer's financial situation using advanced analytical tools. The technology considers different factors: income size, credit profile, employment status, bill payments, etc. After that, the specialists make a decision. The company may decline an application based on the combination of these factors.

How long are applications considered?

Quick response is one of the advantages of this company. After the application and all the required documents are submitted, the specialists make a decision within 30 minutes.

How quickly can funds be received?

Borrowed funds can be received within one working day after the application approval.

Financial products

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

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 03.10.2022
Loan amount
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Enter the desired loan amount

CAD
CAD
USD
500 $
50000 $
Loan term
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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.
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