How does it work

What is Eastern loans?

As a financial service, Easternloans offers Canadians an alternative to regular financial institution loans. Our loan solutions are convenient, fast, and easy to acquire in Canada, thanks to our proprietary technology.

Our team is dedicated to refining the quick loan services business and helping many customers receive loans without a complicated financial approbation process.

Bottom line, we’re here to help you get a loan in a flash, when you need it!

Why use Easternloans?

We’re here because sometimes you need money… fast. Life can throw you curveballs: unexpected bills, need for repairs or other surprise expenses that you need to handle now.

Easternloans is dedicated to making the loan process as quick and easy as possible. As a result, we developed a straightforward application that allows you to qualify in under a few minutes with no credit check!

Our service is operating 24/7 to help you with your urgent money needs!

If you apply online, you can usually receive the cash within a few hours after it is approved. You don’t have to wait in line or fill out a lot of paperwork.

Our customer service is here to help you decide the best solution for your situation.

What is a quick cash loan?

Eastern Loans offers quick cash loans to consumers. Our loan approval process allows you to get funds into your account on a shorter timeline than traditional loans. We offer amortized loans towards which lump sum payments are made after loan approval and repaid overtime.

Often, online payday loans are approved within an hour, giving the lender almost instant access to the funds. In addition, the payback period is flexible, allowing you to repay the loan in 3, 6, or 12 installments based on your circumstances.

Who should get a quick cash loan?

While quick online loans aren’t for every situation, when time is a critical factor, we’re here to help you out.

Traditional banks might have lower fees, but not all money emergencies fit into regular business hours, and you can’t always get to a bank or wait the days or weeks it might take to approve a loan when you need cash in a hurry.

A Short-term loan can be a great option for:

  • Saving your credit score from taking a hit from an unexpected expense or fee;
  • Not draining your emergency cash reserves when a small strategic loan will do;
  • Any situation where a quick influx of cash can get you back on track (especially if your credit score isn’t stellar).

Our excellent customer service staff are standing by around the clock to help find a solution to fit your needs!

Who can get a quick cash loan?

You must meet the following requirements in order to qualify for a quick loan in Canada with Easternloans:

  • Must be a Canadian citizen, aged 18 years or older, residing in Ontario, Prince Edward Island, British Columbia, New Brunswick, Nova Scotia, Newfoundland, Alberta, Nunavut or Northwest Territories.
  • Must own a Canadian bank account (active for at least three months), in which you receive direct deposits from your employer.
  • Must have stable employment for a minimum of three months, making at least 1200$ a month. You must get your pay via direct deposit.
  • Must have little to no “insufficient funds” transactions.
  • Must not be considering bankruptcy or participating in consumer proposals.
  • Have a low ratio of short-term debt (little to no other active payday or short-term loans)

We regret that the following income sources do not qualify for a quick loan:

  • Self-employment
  • Child tax credit
  • Retirement savings
  • Student loans
  • All forms of social assistance
  • Private pensions
  • Disability income
  • Other insurance income

Can I renew my loan?

Most likely! Call us today for more information about renewing your loan or simply click on “Renew your loan” below to get started!

Renew your loan