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.