Finder makes money from featured partners, but editorial opinions are our own.

Loans like Eastern Loans

Find online loans with features similar to 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 you can get a better rate 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

If you want a fast installment loan: LoansLoans.ca

LoansLoans.ca Installment Loan
Finder Score:
★★★★★
Go to site Read review

LoansLoans.ca Installment Loan

$500 – $1,000
Loan amount
28% – 32%
APR
3 months
Term
LoansLoans.ca is a broker that provides access to short-term installment loans and payday loans. You can apply online and get a decision within an hour, and the money will be sent to your account via direct deposit. You can also pay your loan off early without any extra fees.
  • Get funded within 24 hours
  • Bad credit is OK
  • Pay your loan off early without penalty
  • High rates
  • Broker fee
  • Maximum loan amount of $1,000 may not be enough
Loan amount $500 – $1,000
APR 28% – 32%
Term 3 months
Min. credit score 300
Fees Late payment fee (2.66% per month), $45 NSF fee, broker fee
Origination fee $300
Turnaround time Receive funds in less than 24 hours

If you want a loan that will help improve your credit score: MDG Financial

MDG Financial Installment Loan

Up to $1,600
Loan amount
29.78% – 44.8%
APR
Up to 36 months
Term
Consumer financing provider MDG Financial provides fast cash loans 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. And because your on-time payments are reported to the credit bureaus, this loan can help improve your credit score.
  • Easy online application
  • Fast access to funds
  • Available across Canada
  • High interest rates
  • Some borrowers might want more than $1,600
Loan amount Up to $1,600
APR 29.78% – 44.8%
Term Up to 36 months
Min. credit score 560

If you want to compare loans from multiple lenders: Loans Canada

Loans Canada Personal Loan
Finder Score:
★★★★★
Customer Survey:
★★★★★
Go to site Read review

Loans Canada Personal Loan

$300 – $50,000
Loan amount
6.99% – 46.96%
APR
3 - 60 months
Term
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.
  • Largest lending network in Canada
  • Easy to compare options
  • Loans for good and bad credit available
  • Multiple loan types available
  • Not a direct lender
  • High rates for borrowers with bad credit
  • Credit check may be required depending on the lender
Loan amount $300 – $50,000
APR 6.99% – 46.96%
Term 3 - 60 months
Min. credit score 300
Fees No application, origination or brokerage fees
Origination fee 0
Turnaround time Receive funds in as little as 24 hours.

If you want a no credit check loan: Credito

Credito Installment Loan
Finder Score:
★★★★★
Read review

Credito Installment Loan

$500 – $850
Loan amount
Starting at 23%
APR
90 - 120 days
Term
Credito provides short-term loans of up to $850 with no credit check. You can get approved and funded within 24 hours, while the application process is completely online with no paperwork required. For added flexibility, you can choose a weekly, bi-weekly or monthly payment schedule.
  • No credit checks
  • Get funded within 24 hours
  • Easy to apply online
  • High brokerage fees
  • High APR
  • Maximum loan amount of $850 won't suit everyone
Loan amount $500 – $850
APR Starting at 23%
Term 90 - 120 days
Fees $225 brokerage fee (amount set at broker's discretion)
Turnaround time within 24 hours

Cash advance apps like Eastern Loans

If you want instant access to funds: KOHO

KOHO Cover

$20 – $250
Loan amount
Starting at 0%
APR
Flexible
Term
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 will need to pay a monthly fee.
  • No credit checks
  • No income required
  • No interest
  • Fast access to funds
  • Monthly KOHO Cover fee
  • Monthly KOHO plan fee may also apply
  • $250 may not be enough
  • Doesn't improve your credit score
Loan amount $20 – $250
APR Starting at 0%
Term Flexible
Fees subscription fee starting at $2/month
Turnaround time Immediately

If you want a cash advance that can help improve your credit score: Nyble

Nyble Credit Line

$30 – $150
Loan amount
Starting at 0%
APR
30 days, extendable
Term
Nyble provides access to a small line of credit with no credit checks. There are no interest charges and late fees to worry about, and 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.
  • No interest
  • No late fees
  • Improves your credit score
  • Instant funding available
  • Available everywhere
  • Monthly fee for instant funding
  • Maximum loan amount of $150 may not be enough
Loan amount $30 – $150
APR Starting at 0%
Term 30 days, extendable
Fees 0% interest and no fees to access credit, optional $11.99/month membership for premium services like instant funding
Origination fee $11.99
Turnaround time 1-30 minutes with a paid membership or 1-3 business days with a free membership.

If you want a larger cash advance amount: Bree

Bree Early Pay

$20 – $350
Loan amount
Starting at 0%
APR
Next pay cycle (61 days max.)
Term
Bree offers the largest interest-free cash advances of the three providers featured here, with loans of up to $350 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.
  • No interest
  • No late fees
  • Easy application process with no credit checks
  • Available across Canada
  • $2.99 monthly membership fee
  • Extra fee for instant transfers
  • Maximum loan amount of $350 may not be enough
Loan amount $20 – $350
APR Starting at 0%
Term Next pay cycle (61 days max.)
Fees 0% interest for cash advances but a $2.99 monthly membership fee applies, fee for express funding (varies based on advance)
Turnaround time Within 8 hours with express delivery (fee is based on the advance amount) and up to 3 business days for standard delivery
⚠️ Warning: Be cautious with payday loans
High-cost payday loans are unsustainable for borrowing over a continued period of time and are expensive as a means of longer-term borrowing. View payday costs and regulations by province here. If you're experiencing financial hardship call Credit Counselling Canada for free financial counselling (Monday-Friday 8:00am-5:00pm at +1 866-398-5999). You may also want to consider payday loan alternatives.

Payday loans like Eastern Loans

If you want 24/7 approvals and funding: iCash

iCash Payday Loan

$100 – $1,500
Loan amount
7 – 62 days
Loan Term
2 minutes
Min. Turnaround Time
iCash offers payday loan approval and funding 24/7. You can apply online through the iCash website or app, and the automated approval system means you get an instant decision. If you're approved, funds are distributed within minutes via e-Transfer. Just remember that payday loans are extremely expensive.
  • Instant decisions
  • Get funded 24/7
  • Easy to apply
  • 4.6/5 stars based on over 2,400 Trustpilot reviews
  • Expensive
  • Short repayment terms
Loan amount $100 – $1,500
APR Varies by province
Term 7 - 62 days
Min. Turnaround time As little as 2 minutes with Interac e-Transfer
How to apply Online
In Store
Credit Check Yes

If you want to get a fast loan: GoDay

GoDay Payday Loan

$100 – $1,500
Loan amount
1 – 62 days
Loan Term
2 minutes
Min. Turnaround Time
Online lender GoDay provides easy access to payday loans within an hour. You can apply online and get an instant decision, and funds are distributed via e-Transfer. However, just make sure you're aware of the full cost of taking out a payday loan.
  • 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
  • High cost of borrowing
  • Short repayment terms
Loan amount $100 – $1,500
APR Varies by province
Term Up to 62 days
Min. Turnaround time As little as 2 minutes with Interac e-Transfer
How to apply Online
In Store
Credit Check Yes
Maximum borrowing costs of payday loans per province
Always refer to your contract for exact repayment amounts and costs.
Province Max. cost of borrowing a $100 payday loan Cooling off period to cancel loan Max. penalty for returned cheque or pre-authorized debit
Alberta $15 2 business days $25
British Columbia $15 2 business days $20
Manitoba $17 48 hours excluding Sundays and holidays $20
New Brunswick $15 48 hours excluding Sundays and holidays $20
Newfoundland and Labrador $14 2 business days $20
Nova Scotia $15 Next business day (2 days for online loans) $40 (default penalty)
Ontario $15 2 business days $25
Prince Edward Island $15 2 business days N/A
Quebec Limit of 35% AIR N/A N/A
Saskatchewan $17 Next business day $25

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

The exact eligibility requirements vary between lenders, but you will 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’ll need to be a Canadian citizen or permanent resident and provide proof of your address.
  • Income. You’ll need to receive sufficient income to be able to afford to repay your loan. Some lenders accept employment income only, while others will also accept government benefits. You may need to provide bank statements or your account details as proof of income.
  • Bank account. You’ll need a valid Canadian bank account to receive your loan amount.

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 space of time. This can make it extremely difficult to budget for your repayments, and it could lead to you getting trapped in a cycle of debt.
  • Sketchy lenders. You’ll need to 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 options and to find out the total cost of borrowing before deciding on the best loan for you.

Frequently asked questions

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

Writer

Tim Falk is a freelance writer for Finder. Over the course of his 15-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

More guides on Finder

Go to site