About EasyFinancial Review

Easyfinancial has been in business for 17 years. They offer loans to customers who cannot get credit from a traditional bank but need a loan. They offer the convenience of in-person service with over 400 locations across Canada and the options to call or deal online. Their goal is to treat every customer with respect and help them improve their credit rating so that banks will want them back. Easyhome has funded 8.2 billion dollars in loans and has helped 637,000 Canadians get the financing they need. Easyhome has received many awards, including the Digital Finance Top 50 Tech Companies, Report on Business 2019 Canada’s Top Growing Companies, and Waterstones’ Most Admired Corporate Cultures.

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Loan Amount

$500 - $45,000

Piggyy Rating


Loan Term

9 - 120 months

Est. APR

% 19 - 36

Loan Amount

$500 - $45,000
  • Longer payback times are available
  • Bigger loan amounts can be borrowed
  • Easy application process
  • You won’t know specifics until you’re approved
  • Have to show verification for everything

Company Information



33 City Centre Drive 5th floor

Mississauga, ON

L5B 2N5


Phone number




Monday to Friday: 9am-10:30pm EST

Saturday: 10am-8:30pm EST

Sunday: 10am-6:30pm EST



Monday to Friday: 8 am-8 pm EST

Saturday and Sunday: 10 am-6:30 pm EST


Send an email by:

Going to and choosing “contact us.”


Types of loans offered by Easyfinancial


Easyhome has a variety of loans available to meet its customers’ needs. There are personal loans, auto loans, home equity loans, and bad credit loans for personal needs, and they have small business financing as well. Each loan type has different minimum and maximum amounts, rates, and criteria to qualify.


Personal loans

You can use a personal loan for almost any purpose, including consolidating debt, home repairs, a vacation, or a wedding. Features of Easyhome personal loans are:

  • Loan amounts from $500 up to $20,000
  •  You can apply if you have no credit history
  • Take from 9 months to 84 months to pay off your loan
  •  Bi-weekly, semi-monthly
  •  or monthly payments
  • Interest rates from 29.99%-46.96%
  • Get your money by Interac e-transfer in as little as 2 hours after being approved
  • 2% rate reduction if there is a co-applicant


How to qualify for a personal loan

You need to be at least the age of majority in the province or territory where you reside. Your employment status must be full-time, part-time, seasonal worker, on maternity leave, retired with a pension, or disabled. 


You must be a resident of Canada and be a Canadian citizen, a Permanent Resident, have a valid Work Permit, or be a Foreign Student for at least 6 months.


The minimum monthly net income required is $1200, and at least $1,000 must come from full-time, part-time, self-employment, disability, or pension.


Documents needed to apply for a personal loan are:

  • Two of your most recent pay stubs
  • The last 90 days of your bank statements
  • A recent bill that is addressed to your current residence
  • One piece of government identification that hasn’t expired


Auto loans

Auto loans help borrowers get the funding they need to buy a vehicle. As a borrower, you can be pre approved, so you know exactly how much money you have to spend and what your payments will be. Auto loan features are:

  • Amounts from 5k-50k
  • Terms from 12 months to 84 months
  • Rates from 11.9%-29.9%
  • No fees to pay off your loan early
  • No age restriction on the vehicle, but it must have less than 250k kilometres


Documents needed to apply for an auto loan are:

  • Two of your most recent pay stubs
  • The last 90 days of your bank statements
  • A recent bill that is addressed to your current residence
  • One piece of government identification that hasn’t expired


Home equity loans

Home equity loans use the equity in your home as security for a loan. Because the loan is secured, you can borrow a higher amount with lower rates. Additionally, you have a longer time to repay it. Some features of a home equity loan are:

  • Borrow up to 75k
  • Terms from 72 to 240 months
  • Bi-weekly, semi-monthly, or monthly payments
  • Interest rates start at 9.99%
  • 2% rate reduction if you have a co-applicant


To apply for a home equity loan, you need to provide the following documents:

  • Two of your most recent pay stubs
  • Bank statements from the last 90 days
  • A piece of government identification that has not expired
  • A recent bill addressed to your current residence
  • Most recent property tax statement 
  • Copy of your most recent mortgage statement


Bad credit (installment) loans

Sometimes things can cause you to miss payments or default on a loan. The good news is that you can still apply for a loan even if you have bad credit! Easyfinancial offers installment loans to borrowers who can’t get financing at traditional financial institutions. Generally, you need to expect that you will have higher rates and possibly additional fees than a borrower who has a good credit score. Installment loans have the following features:

  • Loan amounts between $500-75k
  • Repay the loan bi-weekly, semi-monthly, or monthly
  • Terms can be up to 240 months
  • Interest rates start at 34.99%


Small business financing

Easyfinancial partners with Merchant Growth to provide funding for small businesses. They offer a transparent, quick process with no fees for loans and lines of credit. Some details are:

  • Loan amount between 5k-500k
  • The minimum monthly revenue must be 10k
  • The minimum time in business is 6 months
  • Funds can be available in as little as 24 hours


Why choose EasyFinancial


There are several great reasons to choose Easyfinancial. They are an established company, have helped many Canadians get the financing they need and improve their credit score, are easy to access, and offer a variety of products.


Established company

Easyfinancial has been offering financing to Canadians for 17 years. They have won multiple awards for their corporate culture and technology.


Customer service

Easyfinancial has funded 8.2 billion dollars worth of loans and served over 647,000 borrowers. Their customer satisfaction rate is 94%, and they have helped over 60% of their customers to improve their credit scores.


Easy to access

Borrowers can deal with Easyfinancial in person at one of the over 400 branches they have across Canada. Alternatively, they can be contacted by phone or accessed online.


Loans offered

Easyfinancial offers unsecured loans, auto loans, mortgages, bad credit installment loans, and small business financing. While the rates are higher than at traditional lenders, many of their clients use their services because they can’t get the funding they need at a conventional lender. One helpful feature of their personal loans is that you have 10 days after being approved to return the funds and cancel the loan if you change your mind.


How to sign up


In-person: Visit the branch nearest you. 

By phone: Cal 1-888-502-3279


Easyfinancial 4

Go to

Easyfinancial 2

Choose “apply now”.

Easyfinancial 3

Move the slider to choose how much you need.

Easyfinancial 1

Choose the purpose of the loan.


Input your information on the following screens until you complete the process.

Frequently asked questions

Does applying for a loan at Easyfinancial affect my credit score?

Your credit score will not be affected if you apply for a loan because Easyfinancial does a soft credit inquiry. A full credit report is required if Easyfinancial finalizes your loan which can impact your credit score.

How long do I have after being approved to accept the loan?

The loan offer is valid for 45 days from the date you are approved. You can accept the loan offer within that time frame without having to reapply.

I have decided I don’t want the loan. How do I return the funds?

After you sign a cancellation agreement at the branch or online, you can return the full amount of the loan by a money order or certified cheque.


Can I pay off my auto loan early?

Yes, and there are no fees to pay it off early.

Can I get a payday loan from Easyfinancial?

You can get loans for amounts as little as $500. They do not need to be paid in full when you receive your next paycheque. There are no fees to pay off the loan early. Additionally, the rates are much lower than payday loan companies.

How do I make my loan payments?

Your payments are taken automatically from your bank account by pre-authorized debit on the payment date.

My payments are too high. Can I lower them?

Contact Easyfinancial’s customer care team. They are trained to work with borrowers to see if there are options available to reduce their payments.



Easyfinancial has been operating as an alternative lender for non-prime customers for 17 years. They offer a number of loans with amounts ranging from $500-$75,000. Their application process is quick and, if approved, a borrower can get their money in as little as 2 hours. Additionally, they offer financing for small business owners they can use to run their business. Easyfinancial focuses on helping Canadians improve their credit score and getting the funds they need to accomplish their goals. Once borrowers have improved their credit score, they can apply to traditional lenders for better rates, terms and conditions.


״The secret of happiness, is not found in seeking more, but in developing the capacity to enjoy less״ - Socrates

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