Avg. Rating: 4.8 (13 reviews)

Since 2006 easyfinancial has helped over 300,000 Canadians get the financial relief they need with loans up to $45,000. We understand life happens so whether you need money for bills, unexpected expenses like car repairs, home renovations or to consolidate your debt into one simple payment – we can help! With a fast application process and flexible payment options that fit your budget, easyfinancial can get you the money you need when it matters most and help get you on track for a better tomorrow starting today.

  • TIME IN BUSINESS: Since 2006
  • # OF CUSTOMERS: Over 300,000
  • LOANS OFFERED: Installment Loan, Debt Consolidation, Secured Loan (Asset Based), Savings Loan (Credit Repair)
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apps@easyfinancial.com 33 City Centre Drive, 5th floor, Mississauga, ON, L5B 2N5
Call Center: Mon-Fri 9am - 1030pm EST
Sat 10am-830pm EST
Sun 10am-630pm est
Support Offered:
  • Web Chat
  • Help Center/Blog
  • Email Support
  • Call Centre
Availability: All of Canada

Products Offered

Below are all the products offered by this company.

Conditions & Rates

Interest rate Starting at 29.99% Amount $500 – $15,000 Term 9 – 60 months

Eligibility & Documents

Who is eligible

  • Canadian resident over the age of majority
  • Minimum income $1,200 per month
  • Must be employed

What you need to provide

  • Complete online application
  • Government photo ID
  • Proof of income (paystubs, T4)
  • Bank statement
  • Additional documents may be required

Repayment & Issuance

How fast can you get the money Same day Funding method Direct bank deposit, other options available How does repayment work Preauthorized payments from bank account

Conditions & Rates

Interest rate Starting at 19.99% Amount $15,000 – $35,000 Term 72 – 120 months

Eligibility & Documents

Who is eligible

  • Must be a home owner
  • Canadian resident over the age of majority
  • Minimum income $1,200 per month
  • Must be employed

What you need to provide

  • Complete online application
  • Government photo ID
  • Proof of income (paystubs, T4)
  • Bank statement
  • Mortgage statement
  • Property tax statement
  • Additional documents may be required

Repayment & Issuance

How fast can you get the money Same day Funding method Direct bank deposit, other options available How does repayment work Preauthorized payments from bank account

Loan Types at easyfinancial

When looking to borrow money for various financial needs in Canada, it’s essential to understand the different loan types available. easyfinancial offers a diverse range of loan options to cater to the unique needs of their customers. In this section, we will delve into the three main types of borrowing options provided by easyfinancial: loans, retail financing, and debt consolidation loans. We’ll also discuss how these loans can be beneficial in different situations and the application proceudre for each.

Personal Loans

easyfinancial personal loans are a popular choice among borrowers in Canada who need access to funds for various purposes. Whether it’s financing a vacation, home renovations, or even an unexpected expense, personal loan can be an ideal solution. Applicants with a good credit score are more likely to secure favorable borrowing terms, but easyfinancial also caters to those with less-than-perfect credit. The application form can be conveniently completed online, and upon approval, the loan payment is typically disbursed quickly. Borrowers can choose between secured and unsecured options, depending on their financial circumstances and credit score.

Retail Financing

Retail financing, also known as point of sale financing, is a loan type that enables consumers to borrow money for purchasing goods and services directly from retailers. This option is particularly beneficial for those who want to finance a big-ticket item like an auto loan without having to go through traditional banks or credit unions. easyfinancial has partnered with numerous retailers to provide this service, making it even more convenient for customers to obtain financing at the point of purchase. Borrowers can set up a pre-authorized debit form to make loan payments directly from their bank account, simplifying the repayment process.

Debt Consolidation Loans

For individuals struggling with multiple debts in Canada, such as Visa card balances and payday borrowing options, a this type of loan from easyfinancial could be a lifesaver. By consolidating various high-interest debts into a single, more manageable loan, borrowers can potentially save on charges and administrative fees. Additionally, a this type of loan loan can help simplify the repayment process and may even improve bad credit scores over time. It’s worth considering credit counselling services alongside consolidating your debt to help manage finances more effectively and avoid falling back into debt.

easyfinancial offers a range of loan options to cater to the diverse needs of its customers. By understanding the differences between personal loans, retail financing, and consolidating your debt, borrowers can make more informed decisions about the best loan type for their situation. Remember to carefully review the terms and conditions of each loan and consider additional resources like credit counselling to ensure responsible borrowing and successful repayment


The Loan Application Process at easyfinancial

Applying for a loan can seem daunting, especially when you’re unsure of the requirements and steps involved. Here, we will explore the loan application process at easyfinancial, including the prerequisites and necessary documentation. By understanding these elements, you can better prepare for a seamless application experience and increase your chances of approval.

Online Application Form and Documentation

The first step to obtaining an easyfinancial personal loan or auto loan is filling out the application form online. This convenient process allows you to apply for the loan amount you need without visiting a physical branch. During the application, you will be required to provide personal information, including your employment status, income, and financial history. Be prepared to submit documentation, such as a void cheque, recent pay stubs, or proof of income for the self-employed. Permanent residents of Canada are eligible to apply.

Credit Score and Loan Eligibility

Your borrowing score plays a significant role in the loan application process. A higher score indicates a lower risk to lenders and may result in a lower interest rate on your loan. However, easyfinancial offers borrowing options to individuals with varying scores, making their financial services accessible to a broader audience. An easyfinancial review of your credit history will help determine your eligibility for a loan and the terms you receive.

Secured and Unsecured Loans

easyfinancial provides both unsecured and secured loan options. An unsecured loan does not require collateral, whereas secured loans need an asset, such as a vehicle, as security. Secured loans often come with a lower interest rate compared to an unsecured loan, as the collateral reduces the lender’s risk. Your credit history and the loan amount you require will help determine the most suitable loan type for your situation.

Loan Approval and Fund Disbursement

Upon submitting your loan application, easyfinancial will review your information and determine your eligibility. The approval process is typically quick, and you may receive a decision within one business day. Once approved, the funds will be deposited directly into your account, allowing you to access the funds you need promptly. Keep in mind that certian fees, such as administrative charges, may apply and vary between the different borrowing options.

Comparing easyfinancial to Other Lenders

Before committing to a loan, it’s essential to compare easyfinancial to other financial institutions in the market. This will help you identify the most favorable terms and ensure that you make an informed decision. Consider factors such as low or high interest rates, terms of the loan, and additional fees when making an easyfinancial review.

The loan application process at easyfinancial is designed to be straightforward and user-friendly. By understanding the requirements, documentation, and steps involved, you can confidently apply for a loan that suits your financial needs. Remember to complete an easyfinancial review compared to other financial providers in Canada and assess the impact of the loan on your credit and overall financial well-being.


Understanding the Impact of Credit Score on Loan Approval at easyfinancial

Your credit score play a crucial role in the loan application process and can significantly influence the borrowing terms and approval chances. Let’s examine how borrowing scores impact loan approvals at easyfinancial and how borrowers can leverage this knowledge to improve their chances of obtaining a loan and pay it back faster.

The Importance of Credit Scores

Your credit score is a numerical representation of your creditworthiness, determined by factors such as payment history, credit utilization, and length of credit history. Lenders, including easyfinancial, use credit scores to assess the risk associated with lending to you. A higher credit score generally indicates responsible credit management and a lower risk for the lender, leading to more favorable borrowing terms.

How Credit Scores Affect Loan Approval and Terms

When you apply for an easyfinancial personal loan or auto loan, your credit score will impact several aspects of the loan, including:

  • Loan approval: A higher credit score increases your chances of loan approval as it indicates a lower risk for the lender. Conversely, a lower score may result in a rejected loan application.
  • Interest rates: Borrowers with higher scores are likely to secure lower interest rates, while those with lower scores may face higher interest rates due to the increased risk for the lender.
  • Loan amount: A higher score may result in access to more funds, while a lower score might limit the loan amount you can borrow.
  • Secured personal loans or unsecured borrowing options: A strong score may allow you to choose between unsecured and secured loan options, whereas borrowers with lower scores might only qualify for secured loans, which require collateral.

Improving Your Credit Score for Better Loan Options

Taking steps to improve your score can have a positive impact on your loan approval chances and the terms you receive. Some strategies for boosting your score include:

  • Pay bills on time: Consistently making payments on time demonstrates responsible funds management and can improve your overall score.
  • Reducing credit utilization: Lowering the balance on your cards relative to their limits can have a positive effect on your score.
  • Checking your credit report: Regularly reviewing your financial report can help you identify and dispute any errors that may be affecting your score negatively.

Top Benefits of Choosing easyfinancial for Your Loan Needs

Selecting the right lender is crucial when it comes to fulfilling your financial needs. easyfinancial stands out as a popular choice for many borrowers, thanks to its diverse borrowing offerings and customer-centric approach. In this section, we will perform an easyfinancial review and highlight the key benefits of choosing easyfinancial for your borrowing needs.

  • Wide Range of Loan Products

One of the main advantages of easyfinancial is its extensive range of financial products, catering to various financial needs. From personal loans and auto loans to home equity loans, consolidating debt and retail financing, easyfinancial offers a variety of options to suit individual circumstances.

  • Accessible Online Application Process

The online application form provided by easyfinancial streamlines the loan application process, making it easy and convenient for borrowers. This hassle-free approach allows you to apply for a loan from the comfort of your own home without the need to visit a physical branch.

  • Quick Approval and Fund Disbursement

easyfinancial prides itself on its efficient borrowing approval process. Once your application is submitted, you can typically expect a decision within one business day. Upon approval, the funds are directly deposited into your account, granting you quick access to the amount you need.

  • Flexible Loan Terms and Amounts

With easyfinancial, borrowers can customize the terms of their loan and amounts to suit their financial situation. This flexibility allows you to borrow more money when needed and choose a repayment plan that aligns with your budget.

  • Borrowing options for Various Credit Scores

easyfinancial offers loans to individuals with different scores, making their financial services more accessible to a wider audience. Whether you have a strong financial history or are working on rebuilding your financial standing, easyfinancial has options to accommodate your needs.

  • Competitive Interest Rates

While an interest rate depend on factors such as financial score and loan type, easyfinancial strives to offer competitive annual interest rates compared to other financial institutions in the market. This can result in lower borrowing costs and a positive impact on your overall financial well-being.

  • Transparent Fees and Charges

easyfinancial is upfront about any additional fees and charges, ensuring borrowers are well-informed before committing to a loan. This transparency helps customers avoid any unexpected costs during the repayment process.

  • Dedicated Customer Support

easyfinancial prioritizes customer satisfaction by providing dedicated customer support throughout the borrowing process. From the initial application to loan management and repayment, their support team is available to assist with any questions or concerns.

Completing an easyfinancial review and choosing them for your borrowing needs comes with numerous benefits, including a wide range of financial products, a convenient online application process, and a competitive interest rate. Their commitment to transparency and customer satisfaction sets them apart from other lenders, making them a popular choice among borrowers in Canada. By completing an easyfinancial review and weighing the benefits and comparing them to other financial institutions, you can make an informed decision that aligns with your financial goals.


Tips for Managing Debt and Improving Credit with easyfinancial

Effectively managing debt and improving your financial health are essential for achieving financial stability and accessing better borrowing terms in the future. In this section, we will provide valuable tips to help you manage your debt and enhance your financial standing.

Create a Realistic Budget

Developing a budget based on your monthly income and expenses is the first step in taking control of your finances. By tracking your spending habits and cutting back on unnecessary expenses, you can allocate more funds towards repaying debt and improving your financial situation.

Prioritize High-Interest Debt

Focusing on paying off debts with a high interest rate can save you money in the long run. By eliminating these debts first, you can reduce the overall interest you pay and free up more funds for other financial goals.

Consolidate Your Debts

Consolidating your debt is an effective strategy for simplifying debt repayment and potentially securing a lower interest rate. Combining multiple debts into a single lump sum, such as an easyfinancial personal loan, can help streamline the repayment process and reduce the total interest paid over time.

Make Timely Payments

Paying your bills on time is crucial for maintaining and improving the health of your finances. Set up a pre-authorized debit form or utilize automatic payment services to ensure you never miss a payment.

Consider Debt Relief Options

If you’re struggling to repay your debts, consider exploring debt relief options, such as debt counselling, debt settlement, or bankruptcy. These financial services can provide guidance and support to help you manage and eventually overcome your debt.

Build an Emergency Fund

Establishing an emergency fund can provide a financial safety net for unforeseen expenses or emergencies. Having this fund can prevent the need to rely on high-interest debt, such as Visa cards or payday loans, in times of need.

Diversify Your Credit

A healthy mix of credit, including secured and unsecured personal loans, auto loans, and point of sale financing, can demonstrate responsible debt management and improve your financial score. Just be sure not to overextend yourself by taking on more debt than you can comfortably repay.

Monitor Your Credit Report

Regularly reviewing your financial reports allows you to identify and dispute any inaccuracies that may negatively impact your credit score. In Canada, you can request a free financial report from the major credit bureaus annually.

Explore Alternative Lending Options

Traditional lenders, such as banks, may have stringent borrowing requirements that can make it challenging for individuals with bad borrowing habits to borrow money. However, alternative lending options, like easyfinancial, offer a range of loan products, including secured and unsecured personal loans, that cater to borrowers with varying financial histories. Their easyfinancial review has shown to be positive, especially for those who are self-employed or have residency status as a permanent resident.

Managing debt and improving your financial standing may seem daunting, but with the right strategies and discipline, it’s achievable. By implementing these tips, you can take control of your finances, reduce your debt burden, and work towards a steady source of financial services. Remember that easyfinancial offers a range of loan products with a high interest rate for those with bad credit, and a lower interest rate for those who meet their loan amount and monthly income requirements. Additionally, you can use a void cheque or a pre-authorized debit form to pay off your easyfinancial personal loan or auto loans.

Articles About easyfinancial

By Mashoka Maimona

Mashoka is a journalist for the London Press and the National Post, currently specializing in finance, business and technology.

Frequently Asked Questions About easyfinancial

What is easyfinancial?

easyfinancial (sometimes referred to as goeasy) is a Canadian personal loan provider and is part of the goeasy family. Easyfinancial is headquartered in Mississauga, Ontario, and offers services across Canada from over 400 of their branches, as well as online through their website.

Is easyfinancial Safe?

easyfinancial is a reputable lender that has helped over 300,000 Canadians with personal loans since 2006. They are an active member of the Canadian Lenders Association, and their parent company ‘goeasy’ is a publicaly traded company. Easyfinancial has won numerous awards in Canada, including Canada’s Most Admired Corporate Cultures, Top 50 FinTech Companies, Greater Toronto’s Top 2020 Employers, and TSX 30 2019 among others.

What Products and Services Does easyfinancial Offer?

easyfinancial offers unsecured personal loans, secured personal loans (home equity loans), Savings Loan (credit rebuilding product), retail financing through their partnership with Paybright and small business loans through their partnership with Merchant Growth.

How Much Can I Borrow from easyfinancial?

easyfinancial loans are between $500 and $45,000, depending on the type of loan you are applying for. Unsecured personal loans are from $500 to $15,000. Home equity loans are between $15,000 and $45,000.

What Is the Interest Rate on an easyfinancial Loan?

Interest rates on easyfinancial loans range between 19.99% and 46.96%. Unsecured loans start at 29.99%, while home equity borrowers will see their interest rates start at 19.99%

What Is the Term Length for a easyfinancial Loan?

Terms on easyfinancial loans are between 9 and 120 months.

How to Qualify for an easyfinancial Loan?

To qualify for an easyfinancial loan, you must be a Canadian resident over 18, a minimum monthly income of $1,200 and be employed. Their Home Equity Loan product has similar requirements, but is only available to homeowners.

Can I Apply Online for an easyfinancial Loan?

Yes, you can apply anytime using their online application form.

How Fast Can I Get a Loan from easyfinancial?

If approved, you can get a loan deposited into your bank account in less than 24 hours.

How Will easyfinancial Send Me the Loan?

The loan proceeds are usually deposited directly into your bank account, but other options are available as well, such as a prepaid credit card.

How Does Loan Repayment Work at easyfinancial?

easyfinancial loans are repaid through preauthorized payments from your bank account.

Which Provinces Is easyfinancial Available in?

easyfinancial is available everywhere in Canada.

What Kind of Customer Support Does easyfinancial Offer?

You can contact easyfinancial via phone, email, or social media. You can also explore their extensive educational resources and blog for frequently asked questions.

What are easyfinancial Working Hours?

You can apply for a easyfinancial loan online, 24/7. However their call center hours are Monday to Friday, 9AM to 10:30PM EST, Saturdays 10AM to 8:30PM EST and Sundays 10AM to 6:30PM EST.

easyfinancial Reviews

Avg. Rating: 4.8 (13 reviews)
Quick and easy!

I had a great experience at easyfinancial. They are friendly and always helpful. Thank you for great advice!


Easy process to consolidation loan application and approval. Good company to deal with and they really understood my position.

If you need this,use them

I literally applied and it took me 10 minutes to do the application.
I got a call from their representative 10 minutes later,got approved went over few things and got funded so quickly!

Trying to build my credit

Well like many others, I'm trying to rebuild my credit and don't have the best score about 545. I got a quick approval like they stated for the amount I asked. They even found equity in my beater commuter car, which was a pleasant surprise.

Frank S.

You guys called me at just the right time to let me know I had funds available! Thanks Kitchener Forest Glen branch for your prompt and courteous service!


overall great company

Love easy financial

It was frustrating going back and fourth with getting documents set for the pre approved loan but once I got it I was super ecstatic. Easy financial gave me a second chance at bettering my creditscore when no other finance company would help me with a loan. I was in bad financial need and easy financial pulled through. Thank you easy financial you guys helped me out greatly. Your staff also were a great help

Alex lavoie

Very professional and helpful. They listened to my problem with patients and understanding.

Great experience

Quick, easy funding with very friendly and helpful staff. (via feefo)

Ryan M
Good experience

This being my first loan in a very long time, 1990 being the last time. I didn't know what to expect. The loan officer was helpful, pleasant and thoughtful. I was impressed by his professional performance and helping nature. I left happy and will use Easyfinancial when I need a loan again

Fast service, high interest

Quick decisions and getting funds into my account. Interest rates are high. (via feefo)

Nice staff

Staff was very knowledgeable & helpful; easy to talk with & explained in detail all the necessary info required. I would definitely use easy financial again.


I got approved online within a few hours and went to an easyfinancial store near my house to get the funds. The extra cash helped me payoff some of my bills


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