About Eastern Loans

Eastern Loans is a financial service dedicated to providing Canadians with a fast, convenient, and hassle-free alternative to traditional financial institution loans. Leveraging proprietary technology, they streamline the loan process, making it easier than ever to acquire the funds you need without the complicated approval processes typical of conventional lenders.

Eastern Loans refines the quick loan service industry by offering a seamless experience for customers. Whether you’re facing unexpected bills, urgent repairs, or any surprise expenses, they are here to help you secure a loan in a flash, when you need it most.

Why Choose Eastern Loans?

Life is unpredictable, and sometimes you need money fast. That’s where Eastern Loans steps in. 

Eastern Loans operate 24/7 to meet your urgent financial needs. When you apply online, you can expect to receive your funds within hours of approval, eliminating the need to wait in line or deal with excessive paperwork.

Additionally, their dedicated customer service team is always available to help you find the best loan solution tailored to your situation. Eastern Loans prioritize your convenience and are here to ensure you get the financial support you need, whenever you need it.

Eastern Loans FAQs

Can I qualify for a quick loan without a credit check?

Yes, with EasternLoans, you can get a quick loan without a credit check. We focus on your future financial potential instead of your credit history.

How much can I borrow as a first-time client?

As a first-time client, you can borrow up to $500. After establishing a good track record with our lenders, you can apply for a larger loan.

What are the consequences if I miss a payment?

If you miss a payment, you’ll be charged a $48.00 NSF fee. If you miss a surety fee payment, it will be added to the end of your payment schedule, along with the NSF fee. If you miss a loan payment, it will also be added to the end of your loan term, along with the NSF fee.

Missing a payment will extend your loan by two payments: the missed payment and the NSF fee. However, if you make up the payment within 5 business days, you won’t be charged the NSF fee.

Is my personal information secure?

Your information is kept confidential. You are required to answer security questions whenever you call to access your account, ensuring that only you have access to your information.

Eastern Loans Products

Payday Loan

Loan Amount

• $500-$750

Rates & Term Length

• Interest Rate: Varies by province
• Payment Schedule: 3 – 6 months

Service Details

• Loan Processing Time: Up to 24 hours
• Money Transfer Method: Interac e-Transfer
• Repayment Method: Automatic debit

Eligibility

• Over 18 years of age 
• Must be a Canadian citizen
• Over $1,200 of monthly income
• Actively employed for atleast 3 months 
• Have very low NSF on your bank account 
• Have an active bank account 

Required Documentation

• Government-issued ID
• Proof of income