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Easy Financial Personal Loan

Choose your loan type and repayment schedule with Easy Financial.

Easy Financial offers unsecured personal loans up to $15,000 and secured loans up to $50,000, with terms ranging from 9 months to 10 years depending on the type of loan you choose.

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14.99% – 46.96%

Interest Rate


Max. Loan Amount


Min. Credit Score

Please note: All information about Easy Financial Personal Loan has been collected independently by Finder and this product is not available through this site.
Easy Financial offers secured and unsecured personal loans to various types of borrowers, including those with poor credit or no credit history.

30-second take

  • Think of an Easy Financial secured personal loan if you need a loan of up to $50,000 and have the home equity to use as collateral.
  • You can also opt for an unsecured loan of up to $15,000, regardless of whether you’re a student, a newcomer to Canada, have bad credit or have no credit history at all. Easy Financial says it helps people who can’t qualify with traditional lenders.
  • It’s free to apply with Easy Financial and doing so won’t affect your credit score. You can apply online, in person at over 370 branch locations or over the phone.

What types of personal loans does Easy Financial offer?

Loan typeLoan amountInterest rateLoan termCollateral required?

Easy Financial Secured Loan

$15,000 – $50,00014.99% - 29.99%72 - 120 months
Yes. You must be a homeowner, as your home will serve as collateral.
Easy Financial Unsecured Loan$500 – $20,00029.99% – 46.96%9 - 84 months
Easy Financial creditplus loan (credit builder loan)$1,500 – $3,0009.5% – 9.9%Up to 24 months

No, but you must make loan repayments before receiving any of the funds.

Why should I consider taking out a loan with Easy Financial?

With its flexible loan options, quick application and easy-to-meet eligibility requirements, Easy Financial has its share of perks. They include the following:

  • Easy application. After filling out the application form online, you’ll be approved and will hear from Easy Financial within a business day. You may be able to get your funding as quickly as within the same day.
  • High approval rate. Easy Financial allows many types of borrowers to apply for an unsecured personal loan. Newcomers to Canada, students and people with bad credit or no credit history at all can apply for a loan. As many as 60% of Easy Financial customers who qualify for a personal loan have been turned down by a bank due to bad credit.
  • Repayment options. Choose weekly, bi-weekly, monthly or bi-monthly repayments.
  • Option for in-person interactions. You can apply for an Easy Financial Unsecured Loan or request help online, in-person at over 370 locations or over the phone.
  • Applying won’t hurt your credit score. Easy Financial notes on its website that applying is free and won’t affect your credit score at all.
  • Available across Canada. You can apply for an Easy Financial loan in all 10 provinces and 3 territories.
  • No penalties for early repayments. Pay off your personal loan early so you can save on interest and be out of debt sooner too.

Where does Easy Financial fall short?

Easy Financial has plenty of benefits, but borrowers should always be cautious when they’re taking on more debt. Here’s a look at the red flags you should take stock of before proceeding:
  • Potential for steep interest rates. Interest rates for secured loans start at 14.99% and go up to 29.99%, while unsecured loans come with interest rates starting at 29.99% up to 46.96%.
  • Potential for additional charges. Applying for an Easy Financial loan is free, but you may come across non-sufficient funds fees, late payment fees, missed payment fees or admin fees. These charges aren’t listed on its website, so you’ll need to ask a customer service representative when you’re setting up your loan.
  • Your home is used as collateral for a secured loan. If you opt for a secured loan, the risk is that you’re using the roof over your family’s head as an insurance policy should you default on your loan.
  • No online quotes or online comparisons. After you submit your application and provide your documentation, an Easy Financial representative will contact you by telephone to go over your loan request.

Compare personal loans

Name Product Interest Rate Loan Amount Loan Term Requirements Credit Score Link
LoanConnect Personal Loan
Secured from 1.90%, Unsecured from 5.75%-46.96%
$500 - $50,000
3 - 120 months
Currents debts must total less than 60% of income
Min. credit score: 300
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An online broker who helps inform clients towards better finances. Get pre-approved by different lenders for unsecured or secured loans in 5 minutes with any credit score.
goPeer Personal Loan
8.00% - 31.00%
$1,000 - $25,000
36 - 60 months
Recommended income of $40,000 /year
Min. credit score: 600
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Canada's first regulated consumer peer-to-peer lending platform offering unsecured loans. Connects creditworthy Canadians looking for a loan with Canadians looking to invest. goPeer strives to offer the most competitive interest rates. Apply in minutes and get a response within 24 hours.
Spring Financial Personal Loan
17.99% - 46.96%
$500 - $15,000
9 - 48 months
Min. income of $1,800 /month, 3+ months employed
Min. credit score: 400
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An online lender offering unsecured personal loans and credit builder loans. Those filing for bankruptcy or a consumer proposal can also apply. If you're not eligible for an unsecured loan, you may be offered a loan to help rebuild your credit.
ConsumerCapital Personal Loan
19.99% - 34.99%
$1,500 - $12,500
24 - 60 months
Min. income of $1,900 /month, 6+ months employed
Min. credit score: 600
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An online lender that provides fast unsecured personal loans. Complete an application in less than 10 minutes and get a decision within 24 hours. For faster loan approval, complete the Flinks bank integration in the app.
SkyCap Financial Personal Loan
12.99% - 39.99%
$500 - $10,000
9 - 36 months
Min. income of $1,200 /month, stable employment
Min. credit score: 550
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An online lender offering unsecured personal loans to borrowers with a wide range of credit scores. Apply in less than 5 minutes and if approved, receive financing in as little as 24 hours.
FlexMoney Personal Loan
18.90% - 46.93%
$500 - $15,000
6 - 60 months
Min. income of $2,000 /month, 3+ months employed
Min. credit score: 500
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An online lender offering flexible unsecured loans. Apply in less than 10 minutes and if approved, receive financing in as little as 24 hours. Pay off your loan at any time.
Loans Canada Personal Loan
Secured from 2.00%, Unsecured from 8.00% to 46.96%
$300 - $50,000
3 - 60 months
No min. income or employment requirements
Min. credit score: 300
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An online broker with the largest lender network in Canada. Get matched for free with lenders offering both unsecured and secured loans through one quick application regardless of your financial situation.
Mogo Personal Loan
9.90% - 46.96%
$200 - $35,000
6 - 60 months
Min. income of $13,000 /year
Min. credit score: 500

Mogo offers a 100-day money-back guarantee. If you're not happy with your loan, pay back the principal and get your 100 days of paid interest and fees back.
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An online lender who aims for a hassle-free process through same-day unsecured loan approval and funding. Get a loan fast and track your credit score for free.
Fairstone Personal Loan (Unsecured)
26.99% - 39.99%
$500 - $25,000
6 - 60 months
Able to make monthly repayments on your loan
Min. credit score: 560
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An online lender with a team dedicated to professional service. Get a quote for an unsecured loan without impacting your credit score. Receive funds within as little as 24 hours. No prepayment fees.
Fairstone Personal Loan (Secured)
19.99% - 23.99%
$5,000 - $50,000
60 - 120 months
Must be a homeowner
Min. credit score: 560
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Use your home equity to get a secured loan up to $50,000 with flexible repayment options and a long loan term. Get a quote without impacting your credit score.
Loan Away Personal Loan
19.90% - 45.90%
$1,000 - $5,000
6 - 36 months
No min. income or employment requirements
Min. credit score: 300
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A lender that approves unsecured loans in as little as 20 minutes. Get affordable monthly repayments with any credit score.

Compare up to 4 providers

How much will it cost me to borrow with Easy Financial?

The overall cost of your loan will depend on the loan type (secured or unsecured), the interest rate you’re offered, the loan term and the amount.

Additional fees for your loan will vary from province to province. You may also be charged:

  • Late payment fees
  • Missed payment fees
  • Default penalties

How to apply for a personal loan with Easy Financial

If you’re ready to apply for an Easy Financial loan, simply head online or visit one of 370+ locations across Canada. Keep in mind, creditplus accounts can only be opened in person, but unsecured and secured loan options can be completed online, in person or over the phone.

Here’s a step-by-step guide if you decide to apply online. It shouldn’t take more than 10 minutes to complete.

Eligibility requirements

To be eligible for an Easy Financial loan, you need to meet the following criteria:

  • Be a Canadian citizen.
  • Meet the minimum age requirement, which varies from province to province.
  • Be able to demonstrate an ability to make repayments and have a steady income of at least $1,200 per month.

For borrowers looking for a secured loan, you must meet the following criteria:

  • Be a homeowner with home equity you’re willing to use as collateral to secure your Easy Financial loan.

For borrowers looking for a creditplus savings loan, you must meet the following criteria:

  • Not be bankrupt or in credit counselling, and you must not have an existing loan with Easy Financial or have had a previous Easy Financial loan that was not fully repaid.

After you apply for a loan, you will need to verify your identity and application details. You may be asked to provide the following:

  • Government-issued ID to prove you’re the legal age in your province or territory.
  • Proof of your employment status and monthly income (via paystubs or bank statements).
  • A valid Canadian identification card to confirm your identity, your address and phone number.
  • An active Canadian banking account with direct deposit capability.
  • A void cheque or pre-authorized debit form.

For borrowers looking for a secured loan, you must also provide the following:

  • Annual mortgage statements and annual property tax statements.
  • Your credit report with your credit score.

Are Easy Financial loans safe?

They are. Easy Financial has been in business since 2006, helping over 230,000 Canadians with securing personal loans. It has won numerous awards and accolades, including the Globe and Mail’s Report on Business 2019 Top Growing Companies in Canada, the Digital Finance Institute’s Canada’s Top 50 FinTech Companies and Greater Toronto’s Top 2020 Employers, to name a few. Its parent company is goeasy, which has 30 years of business, 416 locations and more than 2,000 employees.

Easy Financial has 370+ locations across Canada if you need customer service. You can also connect with an Easy Financial expert via live chat or on the phone at 1-888-502-EASY (3279).

Bottom line

Whether you’re looking for an unsecured loan or secured loan, Easy Financial is a contender worth looking into, especially if banks and credit unions are turning down your loan application. Easy Financial‘s application process is free, quick and easy to follow, and you should receive a response on your loan request almost immediately.

Always shop around and compare your options before settling on an Easy Financial loan. Whether your loan is secured or unsecured, you may be able to score a lower interest rate from other lenders.

Read more about the best personal loans in Canada.

Frequently asked questions

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