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:

Bill Payments

Debt Consolidation

Home & Auto Repairs
How is easyfinancial Different from Payday Lenders?
Choosing easyfinancial means you’ll benefit from more manageable payments and greater flexibility. Unlike payday loans that require full repayment by your next paycheck, our installment loans allow you to spread payments over time, easing financial pressure. Plus, with lower interest rates and personalized terms, you can borrow smarter and achieve your financial goals without the stress of short-term debt.


Considering a payday loan? First ask yourself:
1. "How much money do I actually need right now?"
If your immediate need is small, like $100 to $500, a payday loan might cover it. But if your expenses are higher, consider a personal loan with more flexibility.
2. "Is my expense too big for a payday loan?"
Payday loans are ideal for small, urgent bills. If you have larger costs like medical bills or home repairs, a personal loan with a higher limit may be better suited.


Payday Loans Aren't Flexible
easyfinancial loans come with the flexibility you need. You can also pay off your loan at any time with no penalty and save the interest. Plus, you can get a 2% rate reduction with a co-applicant.


Payday Loans Don't Build Credit History
When you make timely payments on an easyfinancial personal loan, we report them to credit bureaus, helping you build or improve your credit—something payday loans don't offer. To keep boosting your credit score, just be sure to make all your payments on time.


Payday Loans Have High Interest
Unlike the sky-high APRs of payday loans, easyfinancial offers much lower rates—up to 10X lower—making borrowing far more affordable, even for those with bad credit. Plus, we report your on-time payments to help improve your credit score.. Plus, on-time payments are reported on your credit report.


Longer Repayment Periods
The extended repayment terms of personal loans provide a more manageable schedule, reducing financial pressure by allowing for smaller, regular payments rather than the lump-sum repayment often required by payday loans. This can help people escape the cycle of payday loan debt.


Predictable Payment Structure
With personal loans, you get a fixed payment structure that you build out to suit your individual needs, so there are no surprises—making it easier to budget and plan ahead. Our easyfinancial specialists are here to help you find the perfect plan that fits your budget.


Fast and Secure Access to Money
With Interac® e-Transfer, get your money within hours after getting approved. On average loan applications receive credit pre-approval within 10 minutes, and get a final lending decision within 30 minutes.


Consolidation of Multiple Debts
While payday loans can help with debts up to $1,500 a personal loans can be used to consolidate multiple high-interest debts into one loan with a lower interest rate and a single monthly payment, simplifying debt management and potentially reducing interest costs.


No Credit History Needed
If you’re a student or new to Canada, we can help get you approved even with no credit history. A payday loan will not help you build your credit history in Canada.


Apply Without Affecting Your Credit Score
Apply in minutes to find out how much you could qualify for. Getting a loan quote is free and cdoes not require commitment. This means you don't have to take the loan once you receive your quote and your credit score will not be affected.
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
documents
you need to apply.
Value-Added Services
We understand that improving your financial future includes more than just accessing the loan you need today.

Loan Protection
Plans
Loan Protection
Plans

Home & Auto
Benefit Plan
Home & Auto
Benefit Plan
Credit
Optimizer
Credit
Optimizer

Free Financial
Education
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.
60%
60%
of customers improve
their credit score
1in3
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
891K
customers
served
92%
satisfaction
rate
60%
60%
of customers improve
their credit score
1in3
1in3
customers graduate to
prime rates
What people love about us


Have questions? We can help.
What can I use a Personal Loan for?
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?
Our interest rates range from 9.99% – 35%. 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?
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 $150,000 and lower rates as low as 9.99%.
What documents are needed to get an approval for a Personal Loan?
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?
There are no upfront fees to apply for a Personal Loan.