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When life throws an unexpected curveball, easyfinancial is here to provide you get the financial support you need, quickly and reliably.

Loan details

Amounts from:

$500 - $20,000

Rates starting from:

29.99%

Terms from:

9-84 months

Not sure which loan to apply for?

See all of our loans to find the one that’s right for you.

Most commonly used for:

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Bill Payments

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Debt Consolidation

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Home & Auto Repairs

Curious About Online Loans in Canada?

At easyfinancial, we know that understanding online loans is crucial for making savvy financial decisions. With a commitment to financial empowerment of everyday Canadians and having served more than 1.3 million customers nation-wide, we've prepared this guide to help you make informed choices when are considering getting a loan.

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What is an Online Loan?

An online loan is a type of personal loan that you can apply for and receive entirely over the internet. Unlike traditional loans from banks or credit unions, online loans offer a streamlined application process and faster approvals, often making them an appealing option for those needing funds quickly. easyfinancial's reputation for providing over 1.3 million Canadians with accessible loans underscores the credibility and appeal of getting a loan online.

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How do I apply for an Online Loan?

1) You visit the lender’s website.


Some, but now all online lenders will have an online calculator. These tools are used to get a quick quote on your payments based on the loan amount, payment frequency and duration of your loan. Want to see how this works? You can try our loan payment calculator here. You don't have to provide any personal details and it's completely free!


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Are online loans safe?

Yes, as long as you choose a reputable lender. Look for lenders that use secure encryption methods to protect your personal and financial information. Additionally, checking reviews, licenses, and regulatory compliance can help ensure you're dealing with a trustworthy company. At easyfinancial we prioritize customer protection with robust encryption and compliance, contributing to our role as a trusted lender to millions of Canadians.

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How quickly can I receive funds?

At easyfinancial, we take pride in our swift funding process. Typically, our loan applications receive credit pre-approval within 10 minutes and a final lending decision within 30 minutes, demonstrating our commitment to providing you with prompt service. Our Secured Personal Loans can be issued in as little as 2 business days, ensuring that you have access to the funds you need, when you need them. With our transparent approach to lending, you can expect a seamless application experience.

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Pros and Cons of Online Loans

Because of these risks, it’s important to work with well established lender with a good reputation, such as easyfinancial. In 2023 alone, we issued over 250,000 loans to help everyday Canadians tackle their household financial needs. This included paying for bills and emergency expenses, repairing their homes, covering health and dental expenses, purchasing a vehicle to get to work and paying for life’s unexpected circumstances. See the pro's and con's below:

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Before applying, ask yourself:

1) Do I need this loan?

Ask yourself whether the loan is necessary and how the repayments will fit into your budget. Taking out a loan for non-essential purchases could lead to unnecessary debt.


2) What’s the interest rate and total repayment amount?

Make sure you understand the loan's interest rate and how much you’ll ultimately be repaying over time. Compare this to other loan options to ensure you're getting the best deal.


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Why Choose easyfinancial?

One of the biggest challenges in online lending is finding a provider that balances the speed and convenience of the digital process with reliable customer support. That’s where easyfinancial stands out. While the online process is fast, what truly sets them apart is their hybrid approach.

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In-Person Support for Complex Needs

While easyfinancial excels in the online lending space, we also have retail locations across Canada. If you ever encounter a more complex financial situation that requires in-person support, easyfinancial has trained Financial Service Representative ready to assist you. This combination provides both convenience and in-person assistance for those who may need it.

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Engagement in Environmental, Social, and Governance

We're not just about profit; we're also also doing our part to paving the way for sustainable practices that will benefit generations to come. Choosing easyfinancial means partnering with a lender that not only understands your financial needs but also shares your values of environmental stewardship and social responsibility.

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Is an Online Loan Right for You?

Online loans are a fast and convenient way to secure funds, but they come with their own set of considerations. Always evaluate your financial situation, compare lenders, and choose a reputable company like easyfinancial. Whether you need quick access to cash for an emergency or longer-term financial support, easyfinancial provides both the convenience of online applications and the option for in-person service to address your unique needs.

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Apply in 3 easy steps

1

Apply on the phone, online or at one of over 400 locations nationally

2

Submit your documents. Get a 2% rate reduction with a co-applicant

3

Get your money

as soon as today

See what

documents

you need to apply.
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Value-Added Services

We understand that improving your financial future includes more than just accessing the loan you need today.

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Loan Protection

Plans

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Home & Auto

Benefit Plan

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Credit

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Free Financial

Education

Putting Canadians on a path to a better financial future

When banks aren’t an option, we can help you get approved for the loan you need today.

400+

locations in

Canada

846K

customers

served

92%

satisfaction

rate

60%

of customers improve

their credit score

1in3

customers graduate to

prime rates

Putting Canadians on a path to a better financial future

When banks aren’t an option, we can help you get approved for the loan you need today.

400+

locations in

Canada

846K

customers

served

92%

satisfaction

rate

60%

of customers improve

their credit score

1in3

customers graduate to

prime rates

What people love about us

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person-image

Have questions? We can help.

What can I use a Personal Loan for?

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A Personal Loan can be used to consolidate your debt, pay off bills or cover unexpected expenses. Typical uses of a Personal Loan would include paying for things like car repairs, home renovations, travel, weddings, or other life events.

What are the interest rates at easyfinancial?

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Our interest rates range from 9.99% – 46.96%. The interest rate varies based on your loan type, loan size, length of term, and our assessment of your credit profile.

What is the difference between a Personal Loan and a Home Equity Loan?

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A Personal Loan allows you to access funds without having to provide any collateral to secure the loan against. easyfinancial Personal Loans have rates starting at 29.99% and loan amounts up to $20,000 with no fees or pre-payment penalties. A Home Equity Loan requires you to secure your loan with collateral such as a home. By securing your loan, you can access higher loan amounts up to $100,000 and lower rates as low as 9.99%.

What documents are needed to get an approval for a Personal Loan?

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We require the following documents: 1. Two most recent pay stubs 2. Last 90 days of banking information 3. 1 recent bill addressed to your current home 4. A piece of non-expired government photo ID

Are there any upfront fees associated with a Personal Loan application?

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There are no upfront fees to apply for a Personal Loan.