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Fast loans: one application, multiple offers

A fast loan is a short-term loan you apply for online and receive quickly, often by Interac e-transfer the same day. eazyloan is not a lender: it is a comparison service. You fill out one application, and we present it to our network of licensed partner lenders across Canada. You get several offers, you compare, and you choose the best one. Or you take none of them: you are under no obligation.

Amounts range from $300 to $1,500, repayable over 3 to 12 months or more depending on the lender. Verification uses Instant Bank Verification (IBV) on every request, not a credit-bureau inquiry, so looking at your options does not affect your credit score.

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Approval not guaranteed · terms set by each partner lender

How much can I borrow?

Between $300 and $1,500. That is the range covered by eazyloan's partner lenders. The exact amount offered depends on your file and the lender assigned to you. If you need a larger amount (for example $5,000), this is not the right product: eazyloan focuses on small-to-mid fast loans, where speed matters most.

Do I qualify?

Each lender sets its own criteria, but most ask for a steady income, an active Canadian bank account, and that you are of legal age in your province. Verification is done by IBV (a secure read of your statements), used on every request: the decision does not rest on your credit score. Approval is never guaranteed in advance: be wary of anyone who promises it (see below).

What does it really cost?

The cost of credit is set by the partner lender, not by eazyloan. The annual percentage rate (APR) ranges from about 9.99% to 35%, depending on the lender and the assessment of your file.

Representative example: a $500 loan repaid monthly over 9 months, at a representative APR, may result in 9 payments of $81.15, for a total repayment of $730.35. This example may include optional lender loan protection. Borrow only what you can repay. For independent information on high-cost credit in Quebec: Office de la protection du consommateur (opc.gouv.qc.ca).

How fast do I get the money?

An application approved during business hours is usually funded by Interac e-transfer within 60 minutes. Outside business hours, the transfer leaves the next business day. Speed depends on the partner lender and your bank.

Is it a fast loan with no credit check?

Yes: verification uses IBV, not a credit-bureau inquiry, so your score is not touched when you look at your offers: IBV is a bank verification, not a credit inquiry.

What about bad credit?

Because the check relies on IBV rather than your score, an imperfect credit file is not an automatic refusal. Some partner lenders accept profiles that banks turn down. That said, approval is never guaranteed and depends on the lender. A loan repaid on time also helps rebuild your file over time.

How do I repay?

It depends on the partner lender: monthly payments (or another agreed frequency), over a typical term of 3 to 12 months or more. The exact terms (amount, rate, length, fees) are in the contract you sign with the lender, not with eazyloan.

What if I pay late?

Call your partner lender as soon as possible: an adjusted schedule always costs less than a default. A returned payment for insufficient funds carries a fee of about $45 (depending on the lender). If the situation continues, non-profit credit counsellors can help (Credit Canada, Credit Counselling Canada, links in the footer).

Fast loans 24/7, by Interac, across Canada

You can apply online any time, 7 days a week. Funding by Interac e-transfer follows during the lender's business hours. The service is available across Canada, including Quebec: eazyloan compares licensed lenders that hold the applicable provincial licences for your place of residence.

"100% approved", "no refusal": what should you make of it?

Be wary. No serious lender promises approval before verification. "100% approved" or "no refusal" is often a scam script. eazyloan never asks for an upfront payment and charges no fee to forward your application. If anyone demands an advance payment on our behalf, it is fraud: do not pay, and report it.

Fast loan FAQ