Frequently asked questions

About easyfinancial

What is easyfinancial and what do we do?

We approve when banks won’t and we’re way cheaper than a payday loan. We’re a fast, convenient alternative for getting you the money you need. A simple 15-minute application process can put up to  $15,000 in your pocket in less than 24 hours.

What is the difference between easyfinancial and a payday loan?

For starters we're way cheaper than a pay day loan! We provide personal loans with terms of 9 months to 60 months to help you take back control of your cash flow and to break the pay day loan cycle. Also, we can provide you with up to $15,0003 instead of the lower pay day loan lending amounts.

What is the difference between easyfinancial and a bank?

We have a greater flexibility in terms of who we can approve and a lending criteria that's easier to meet. When banks won't approve we are here to help.

Where are you located?

We have over 200 locations across Canada as well as a national loans centre.

How we help

How can you help with debt consolidation?

Consolidation loans can help by establishing 1 easy fixed monthly payment that you can afford. These loans allow you to take back control of your cash flow and allow you to get back on your feet.

How can you help improve my credit score?

This question has a complex answer that is better discussed in person or by phone, but with our loans we report to the credit bureau. This means that during your time with us you have the opportunity to impact your credit history in a positive way.

How do you help with unexpected expenses?

Unlike pay day loans, easyfinancial can lend up to $15,0003 to help deal with those unexpected expenses.

If I am bankrupt, can I still get a loan?

We are able to consider clients who have been discharged from past bankruptcy.

What is your loan protection plan?

Our loan protection plan is to protect you in case of job loss, injury, illness and in the worst possible case if you pass away

  • If you are laid off, your payments are covered up to 6 months3
  • If you are injured or ill, your payments are covered up to 6 months3
  • If you are critically ill, your payments are covered 100%3
  • If you pass away, your payments are covered 100%3
I purchased a Home and Auto Insurance Protection Plan, who do I contact in case of emergency?

If you purchased a Home and Auto Insurance Protection Plan and have an emergency please contact 1-866-5-CANADA.

Loan Information

What qualifications do I need to get approved?

This is based on various factors, but is mainly determined by your credibility, stability and current income. For any further questions on this please contact us today!

What documents are needed to get an approval?

We require the following documents:

  • 2 recent pay stubs
  • Last 30 days of banking information
  • 1 recent bill addressed to your current home
  • A piece of government photo ID
How long will it take me to complete an application?

Our simple application process takes approximately 7-minutes.

How long will it take for me to get an approval?

We provide a decision on your application within 30 minutes1

What are your payment terms?

We offer personal loans with terms of 9 months to 60 months providing you with the flexibility you require.

How do I make payments?

Loan payments are made through our pre-authorized payment plan. Pre-authorized payments are an automatic withdrawal from your bank account each time your payment is due.

What happens if I miss a payment?

We work closely with our customers when life happens and work towards solutions that can keep your credit in good standing.

What's your APR?

Our APR is 29.99 - 46.96%. For more information on this please view our responsible lending page.