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🏆 easyfinancial Personal Loan
easyfinancial
Fast cash for bad credit—no fees, same-day funding
Soft Credit CheckReports to BureausNo Early Payoff Penalty
Why this loan is great:
No credit score required
Same-day funding
$0 origination fee
Newcomer-friendly
No prepayment penalty
Loan Details
easyfinancial is a major Canadian non-prime lender with 400+ locations, offering unsecured personal loans from $500 to $20,000 for people turned away by banks. You start with a soft credit check (no score impact), and if approved, funds can land in your account the same day via Interac e-Transfer. There’s no origination fee and no prepayment penalty. The trade-off? APRs range from 29.99% to 35%—right at Canada’s criminal interest-rate cap. It’s structured instalment credit that can help rebuild your score over time, but you’ll want a clear plan to pay it off fast and move on to cheaper options.
APR
29.99% – 35.00%
Loan Amount
$500 – $20,000
Credit Score
None required
Pros
Soft pull pre-qualification lets you check eligibility without any impact on your credit score
Same-day funding available via Interac e-Transfer—no waiting weeks for cash
No origination fee and no prepayment penalty—you receive the full amount you borrow
Open to all credit profiles including bad credit, no credit, newcomers, and students
400+ branches across Canada for in-person support when you need it
Fixed instalment structure with a clear end date—far better than revolving payday debt
Cons
High APR ranging from 29.99% to 35%—more expensive than most credit cards
Optional insurance add-ons are aggressively marketed and can inflate your total cost significantly
Vague bureau reporting with no public disclosure on which bureaus they report to or how often
Late fees aren’t disclosed on the public website—you must ask your loan officer directly
Parent company legal scrutiny — goeasy Ltd. faces a class-action investigation around alleged rate practices
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