Eastern Loans

Avg. Rating: 5.0 (4 reviews)

Are you looking to get a personal loan and currently live in Canada? If so then welcome to Eastern Loans. Since 2014, EasternLoans.com has been able to provide a tremendous customer service experience to Canadians. We take pride in the fact that we are fast, secure and easy to use. Apply now and receive your money today! Nous parlons aussi français! Hablamos español tambien!

  • TIME IN BUSINESS: Since 2014
  • # OF CUSTOMERS: Over 80,000
Visit Site and Apply


info@easternloans.com 5600 -100 King Street W, Toronto, ON, M5X 1C9
Call Center: Mon-Fri: 8AM to 8PM ET Weekend: 11AM-4:30PM ET
Support Offered:
  • Web Chat
  • Email Support
  • Phone Support
  • FAQ's
  • Blog
Availability: All of Canada except for Quebec

Products Offered

Below are all the products offered by this company.

Conditions & Rates

Cost Varies by Province Amount $500 – $1,000 Term 3 to 6 months

Eligibility & Documents

Who is eligible

  • Be a Canadian Citizen or permanent resident
  • Be paid by direct deposit
  • Be 18 years old and over
  • Have a steady job (3 months minimum)
  • Have a low ratio of NSF
  • Earn at least $1200 /month
  • Have a low ratio of payday loans

What you need to provide

  • Paperless option through instant bank verification (IBV)

Repayment & Issuance

How fast can you get the money Same Day Funding method Direct deposit or Interac e-transfer How does repayment work As per client’s pay deposits (weekly, bi-weekly, monthly, semi-monthly) through a pre-authorized debits


Articles About Eastern Loans

By Jared Lindzon

Jared Lindzon is an experienced journalist, writer and public speaker. He specializes in Business, Technology, Lending and FinTech industries in Canada and abroad. Jared is a regular contributor to Smarter Loans and top tier publications around the World, including Fortune Magazine, Fast Company, the Guardian, Rolling Stone, the Globe and Mail, and many more.

Frequently Asked Questions About Eastern Loans

What is Eastern Loans?

Eastern Loans offers personal loans to Canadians. They started in 2014 and can process loan funds as fast as the same day as applying for one.

Is Eastern Loans Safe?

Eastern Loans has been in business for over 5 years and was founded in 2014. All application data shared on their website is secured by Norton Secured, which is powered by VeriSign to show customers they take customer privacy seriously.

What Products and Services Does Eastern Loans Offer?

Eastern Loans offers online payday loans in Canada. You can receive anywhere from $500 - $1000 the same day.

How Much Can I Borrow from Eastern Loans?

You can borrow anywhere from as little as $500 to as high as $1,000 from Eastern Loans.

What Is the Interest Rate on an Eastern Loans Loan?

Eastern Loans offers an approximate annual interest rate of 23%. If unpaid, the applicable interest rate is 1.74% per month.

What Is the Term Length for an Eastern Loans Loan?

You have between 3 and 5 months to pay back a loan from Eastern Loans.

What Are the Eligibility Requirements to Get a Loan From Eastern Loans

To qualify for a loan from Eastern Loans, you must be a Canadian resident, be 18+ years of age, have a low ratio of NSF, earn at least $1,200 monthly and have a steady job that you've been at for 3 months minimum.

Can I Apply Online for a Loan From Eastern Loans?

Yes, you can apply for a loan from Eastern Loans online and by phone. Their application online is simple and fast. As soon as you fill out the loan request form and send them the required documents, they'll let you know if you're approved.

How Fast Can I Get a Loan from Eastern Loans?

If approved, you can get your loan deposited the same day as applying for one from Eastern Loans.

How Will Eastern Loans Send Me the Loan?

Eastern Loans sends loan funds by direct deposit.

Who Is Unlikely to Receive a Loan From Eastern Loans?

You're unlikely to receive a loan from Eastern Loans if you do not have a steady job, submit incorrection information on your application, have too many non-sufficient funds on transactions, have an undischarged bankruptcy or a consumer proposal ongoing.

Does Eastern Loans Offer Those Self-Employed Loans?

No, only people paid by direct deposit on recurring dates are eligible for loans by Eastern Loans.

Eastern Loans Reviews

Avg. Rating: 5.0 (4 reviews)
Got back to me within an hour

They were really fast at getting back to me. I applied online and got a call within the hour. Once all the paper work was checked I got the loan I was looking for in 1 day.

Great service

Great service

Stephanie smith
Great staff

I really appreciate the folks at Eastern Loans for helping me with my loan. They took the time to explain the terms of the loan agreement. I didn't feel rushed or pressured at all (as with some other payday companies). Got approved within 24 hours. Great experience and service.


Filled out form, got a phone call, shared a few details and was approved in 2 days.

Mark Ricketts

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