Loans like Eastern Loans

Online lender Eastern Loans offers fast, short-term loans of $500 to $750. But if you don’t qualify for funding from Eastern Loans, or you just want to see if there are better rates elsewhere, you might be looking for Eastern Loans alternatives.

Compare these nine loans like Eastern Loans to access the funds you need.

Installment loans like Eastern Loans

Finder Score	APR Range	Loan Amount	Loan Term
If you want to compare loans from multiple lenders: Loans Canada
8.6 Great Loans Canada Personal Loan	8.6 Great	9.99% - 35.00%	$500 - $50,000	6 - 60 months	Go to siteView details Compare product selection Compare	loading	Why we like it Loans Canada is an online loan search platform where you can compare loans from dozens of lenders. Simply fill out a single application to get multiple loan offers, then connect with the lender that's right for you. Best of all, Loans Canada is free to use. Pros & cons Pros Largest lending network in Canada Easy to compare options Loans for good and bad credit available Multiple loan types available Cons Not a direct lender High rates for borrowers with bad credit Credit check may be required depending on the lender
If you want a loan that will help improve your credit score: MDG Financial
7.1 Great MDG Financial Installment Loan	7.1 Great	Undisclosed	Up to $1,600	Up to 36 months	View details Compare product selection Compare	loading	Why we like it Consumer financing provider MDG Financial provides fast cash loans of up to $1,600. It's quick and easy to apply online, and this installment loan can be repaid over a term of up to 3 years. Because your on-time payments are reported to the credit bureaus, this loan can help improve your credit score. Pros & cons Pros Easy online application Fast access to funds Available across Canada Cons High interest rates Some borrowers might want more than $1,600
If you want a no credit check loan: Credito
7.1 Great Credito Installment Loan	7.1 Great	22% + broker fee	$500 - $850	90 - 120 days	View details Compare product selection Compare	loading	Why we like it Credito provides short-term loans of up to $850 with no credit check. You can get approved and funded within 24 hours, and the application process is completely online with no paperwork required. For added flexibility, you can choose a weekly, bi-weekly or monthly payment schedule. Pros & cons Pros No credit checks Get funded within 24 hours Easy to apply online Cons High brokerage fees High APR Maximum loan amount of $850 won't suit everyone

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Cash advance apps like Eastern Loans

Finder Score	Costs	Loan Amount	Loan Term
If you want a cash advance that can help improve your credit score: Nyble
9.3 Excellent Nyble Credit Line	9.3 Excellent	0%	$30 - $250	31 days, extendable	Use code CFIND1J to get 500 extra points and a $5 higher approval. T&Cs apply.	Go to siteView details Compare product selection Compare	loading	Why we like it Nyble provides access to a small line of credit with no credit checks. There are no interest charges or late fees to worry about. Plus, the fact that Nyble reports payments to the credit bureau means that paying off your loan on-time could help improve your credit score. But if you want instant funding, you'll need to pay a fee. Pros & cons Pros No interest No late fees Improves your credit score Instant funding available Available everywhere Cons Monthly fee for instant funding Maximum loan amount of $250 may not be enough
If you want instant access to funds: KOHO
8.7 Great KOHO Cover	8.7 Great	0% + monthly fee from $2	$20 - $250	Flexible	$75 REWARD Go to siteView details Compare product selection Compare	loading	Why we like it KOHO Cover provides an instant cash advance of up to $250 to help you cover unexpected expenses. You can access your funds through the KOHO app or from an ATM, and there are no interest charges to worry about. However, you'll need to pay a monthly fee. Pros & cons Pros No credit checks No income required No interest Fast access to funds Cons Monthly KOHO Cover fee Monthly KOHO plan fee may also apply $250 may not be enough Doesn't improve your credit score
If you want a larger cash advance amount: Bree
8.8 Great Bree Early Pay	8.8 Great	0%	$20 - $750	Next pay cycle	Refer a friend and get a $20 credit limit increase on your next withdrawal. T&Cs apply.	Go to siteView details Compare product selection Compare	loading	Why we like it Bree offers the largest interest-free cash advances out of the three providers featured here, with loans of up to $750 available. You can get funded without completing a credit check, and instant approvals are available 24/7. However, you'll need to pay a monthly subscription fee plus an extra fee if you want instant access to your loan. Pros & cons Pros No interest No late fees Easy application process with no credit checks Available across Canada Cons $2.99 optional monthly membership fee for express funding Maximum loan amount of $750 may not be enough

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Payday loans like Eastern Loans

Cost	Loan Amount	Loan Term	Serviced Provinces
If you want 24/7 approvals and funding: iCash
iCash Payday Loan	$14 per $100 borrowed	$100 - $1,500	7 - 62 days	AB, BC, MB, NB, NS, ON, PEI	Go to siteView details Compare product selection Compare	loading	Why we like it iCash offers 24/7 payday loan approval and funding. You can apply online through the iCash website or app, and the company's automated approval system means you'll get an instant decision. If you're approved, funds are distributed within minutes via e-Transfer. Just remember that payday loans are extremely expensive. Pros & cons Pros Instant decisions Get funded 24/7 Easy to apply 4.6/5 stars based on over 2,400 Trustpilot reviews Cons Expensive Short repayment terms
If you want to get a fast loan: GoDay
GoDay Payday Loan	$14 per $100 borrowed	$100 - $1,500	Up to 62 days	AB, BC, MB, NB, NS, ON, PEI, SK	View details Compare product selection Compare	loading	Why we like it Online lender GoDay provides easy access to payday loans you can get within an hour. Apply online and get an instant decision. Funds are distributed via e-Transfer. Just make sure you're aware of the full cost of taking out a payday loan. Pros & cons Pros Get funded within minutes Wide range of income types accepted Easy online application process 4.4/5 stars based on over 2,900 Trustpilot reviews Cons High cost of borrowing Short repayment terms

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What do I need to apply for a loan like Eastern Loans?

Exact eligibility requirements vary between lenders, but you’ll generally need to meet the following criteria:

• Age. You’ll need to be the age of majority in your province or territory, and the lender will require proof of ID.
• Residency. You must be a Canadian citizen or permanent resident and provide proof of your address.
• Income. You’ll need to receive sufficient income to afford loan repayments. Some lenders accept employment income only, while others also accept government benefits. You may need to provide bank statements or your account details as proof of income.
• Bank account. You must have a valid Canadian bank account to receive your loan.

What do I need to watch out for?

There are a few risks you need to be wary of when considering payday loans and other Eastern Loans alternatives:

• High cost of borrowing. High interest rates and brokerage fees can significantly increase the total cost of a loan. Make sure you’re aware of exactly how much the loan will cost to repay before signing a contract.
• Short repayment period. Payday loans and other short-term loans have to be repaid over a short period of time. This can make it extremely difficult to budget for your repayments and could lead to you getting trapped in a cycle of debt.
• Sketchy lenders. Do your research to make sure you’re dealing with a reputable lender. Check that payday lenders are licensed in your province or territory, read customer reviews on independent review sites and make sure you recognize the signs of personal loan scams.

Bottom line

If you’re searching for loans like Eastern Loans, there are plenty of options to consider. Make sure to compare a range of lenders and find out the total cost of borrowing before choosing the best loan for you.

Frequently asked questions

• How much income do I need for a loan from Eastern Loans?

  To qualify for funding from Eastern Loans, you need to receive a monthly income of at least $1,200 via direct deposit and have been employed for a minimum of 3 months.

• Does Eastern Loans accept self-employment income?

  No, Eastern Loans does not accept self-employment income. You'll need to consider other providers that offer self-employed loans.

• Do I need to complete a credit check to get a loan from Eastern Loans?

  No, you don't need a credit check to qualify for a loan.

• Does Eastern Loans offer payday loans?

  No. Eastern Loans installment loans are available up to $750 and are repaid over a minimum of 3 months. If you're searching for a payday loan, check out our payday loans guide.

To make sure you get accurate and helpful information, this guide has been edited by Leanne Escobal as part of our fact-checking process.

Written by

Tim Falk

Writer

Tim Falk is a freelance writer for Finder. Over the course of his 20-year writing career, he has reported on a wide range of personal finance topics. Whether you're investing in stocks and ETFs, comparing savings accounts or choosing a credit card, Tim wants to make it easier for you to understand. When he’s not staring at his computer, you can usually find him exploring the great outdoors. See full bio

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