You must be of age of majority in your province to apply.
Be a Canadian Citizen or permanent resident.
Easy financial is a financial company that provides different types of loans.
200 locations across Canada as well as a national loans centre.
Everyone who requested it received their funds by e-transfer!
Direct deposits are deposited directly into your bank account.
Eligibility criteria for a LendingMate loan:
Eligibility criteria to be a guarantor for a LendingMate loan:
Borrow up to $10,000 within 24 hours
Borrow with a guarantor, no credit scores
We currently lend in Ontario, British Columbia and Quebec!
For a successful application, you need to be:
Unsecured personal loans are one of the best financial products due to their lack of limitations. Although, the lack of limitations come with a price, for example, higher interest and no security to bail you out if you default. Another ideal thing about unsecured personal loans is they can be used for basically anything.
If these perks piqued your interest, you can learn more about what an unsecured personal loan is, the affiliated advantages and disadvantages, what to look for when shopping and where to get an unsecured loan below.
An unsecured personal loan is borrowed funds that are not secured by an asset, as the name implies. Normally, borrowed funds have an asset attached to them so the lender has something they can claim in the event that the borrower defaults on the loan. For example, a mortgage uses the house as security which can be repossessed if the borrower stops making loan payments. Although, unsecured personal loans are the exact opposite because they do not have a connected asset. Usually an unsecured loan ranges from $1,000 to $35,000 and the loan term can be anywhere between one and seven years.
Unsecured personal loans can be used for essentially anything. That being said, keep in mind that the lender will consider your loan purpose when determining whether or not to approve your application. For this reason, your unsecured personal loan purpose should be legitimate in nature.
As with any personal finance decision, there will be a set of corresponding advantages and disadvantages. Unsecured personal loans are no exception, let’s explore the pros and cons below.
Since the risk is greater with an unsecured personal loan, you may need to shop around more before you find an amazing deal. This is especially true with interest rates and hidden fees. Below is more detailed information to consider when shopping for an unsecured personal loan.
You can get an unsecured personal loan from a bank, credit union or online lender. Lenders can vary a lot in their loan requirements and approval processes because they’re all different meaning it’s hard to know what to expect. When it comes to unsecured loans, lenders can be more strict because of the higher perceived risk. That being said, lenders can provide information on their minimum requirements for approval. If you have this information, you won’t get declined for a loan due to failure to meet a minimum requirement. Lastly, the larger the loan, the more stringent and tough the approval process will be. To lenders, more money means more risk so they will take the time to analyze the application as much as possible.
To help you plan better for the application and approval process, it is useful to know what lenders take into account and consider. Let’s explore these items below.
As with anything in personal finance, the decision to proceed with a certain financial option depends a lot on your current situation and goals. Before you start applying for unsecured personal loans, take the time to assess your unique situation and evaluate your goals. Below are some questions you can ask yourself when determining if an unsecured personal loan is right for you.
Unsecured loans are beneficial because of their lack of limits. However, those lack of limits come with a price in the form of interest and other fees. In addition, there can be other complications in the application process such as having to deal with a lower loan amount than you originally wanted. All and all, if you evaluate the pros and cons and determine that an unsecured personal loan is right for you, happy loan hunting!