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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 pay off

Finanso.Multilogin™

Repayment of loan

Easyfinancial clients set pre-authorized payment plans. Then, the approved amount is automatically withdrawn from the customer's bank account each time payment is due. As a result, the client does not have to make payments manually.

FAQ

Loan extension

In some cases, loans can be extended. For example, if anybody has suffered from Covid-19. In such a situation, you should contact the support service.

There are no general rules regarding credit extension. Every case is considered on an individual basis.

Early repayment

Easyfinancial provides the opportunity to repay a loan earlier without any penalties.

Debt collection methods

All the debts are collected according to the legal requirements of Canada. Customers are responsible for making timely payments according to the pre-authorized payment plans. Please note that defaults can lead to penalties and interest rate accumulation. Thus, the cost of borrowing will increase.

How can I find out the remaining balance?

The remaining balance can be seen online in a personal account on the official website.

What to do if the payment has failed?

If the payment has failed, it is necessary to contact the specialist. One of the managers can be reached by the phone number 1-888-502-3279. Another option is to visit one of the offices.

What to do if I missed the payment?

If the client has missed the payment, the best option is to contact the specialist by calling 1-888-502-3279, email through the special form on the "Contact us" page", or visit the nearest branch of easyfinancial. The specialists will help find the best solution in the particular situation.

Is it possible to arrange a loan restructuring?

Easy financial does not provide special conditions for refinancing and restructuring loans in third-party companies. However, there is a particular type of credit - Debt Consolidation Loan, which can be used for refinancing existing debts. It can lead to lower interest rates and more comfortable terms.

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 24.09.2022
Loan amount
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Enter the desired loan amount

CAD
CAD
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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All Easyfinancial’s reviews by September 2022
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