Key facts about easyfinancial
- Loan type
- Installment loan
- Rate / cost disclosure
- 29.99% to 34.99% APR on unsecured loans; lower on secured loans
- Maximum loan amount
- $20,000
- Typical loan term
- 9 to 84 months (unsecured)
- Funding speed (lender’s statement)
- Decision reported within about 30 minutes
- Credit-check policy
- Yes; a pre-approval check is stated not to affect your score
- How to apply
- Online, by phone or at a branch
- Service type
- Both
- Provinces served
- Alberta, British Columbia, Manitoba, New Brunswick, Newfoundland and Labrador, Nova Scotia, Ontario, Prince Edward Island, Saskatchewan
- Head office / service area
- Mississauga, Ontario; about 400 branches
Is easyfinancial licensed?
easyfinancial does not offer payday loans, so it does not need a payday-lender licence. Its loans fall under the federal 35% APR limit, and some provinces (including British Columbia, Alberta, Manitoba and Quebec) require a separate high-cost credit licence or permit. Ask the lender for its licence in your province.
Registries change daily. Confirm the licence yourself before you borrow.
What stands out
- Available in every province
- Open to newcomers and applicants with poor credit
- Payments reported to credit bureaus
What to watch
- Unsecured rates start near 30%
- Optional insurance products add cost
- Prepayment penalty on secured loans
Who is easyfinancial?
easyfinancial is the lending arm of goeasy and has roughly 400 locations nationwide. Unsecured loans run from $500 to $20,000 over 9 to 84 months; secured and home-equity loans go considerably higher. It accepts applicants with thin or damaged credit, including newcomers.
Who is easyfinancial suited to?
Often the first instalment lender to say yes to someone banks have declined. That access comes at a price close to the legal maximum, and optional add-ons such as loan protection insurance raise the cost further — you can decline them.
What if a payment fails?
Missed payments can bring NSF fees and are reported to credit bureaus.
Sources
Editorial review completed November 14, 2026. Ratings are our opinion, not customer reviews — see the Editorial Policy.