Loans

How to apply for Eastern Loans?

Eastern Loans is an alternative for online Canada loans since you can reimburse it in 3, 6, or 12 installments over 3 to 5 months. Check out how to borrow up to $1,000!

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by Aline Augusto

Published on 03/04/2022

Applying for Eastern Loans: less than 5 minutes for approval! 

Find out how the application process works! Source: The Mister Finance.
Find out how the application process works! Source: The Mister Finance.

If you need money to cover an unexpected expense like an emergency, you need it fast. So, take a look at how to apply for Eastern Loans.

This online lender features loan amounts of up to $1,000, with lower interest rates than other lenders.

Also, it offers flexible options for payments and flexible terms ranging from 3 to 5 months.

Furthermore, the application takes less than 5 minutes. You can also apply by phone. After approval, you will receive your funds directly deposited into your bank account on the same day.

Before applying, though, take a quick look at the eligibility requirements:

  • You must be a Canadian Citizen or a Permanent resident with at least 18 years old;
  • You need to have a steady job earning at least $1200 per month;
  • Plus, you must have a low ratio of NSF and a low ratio of payday loans;
  • And you need a bank account to receive your loan by direct deposit. 

Now, learn how to apply for Eastern Loans.

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Loan

Eastern Loans

Fast Online

Apply now for a fast loan with terms ranging from 3 to 5 months.

You will be redirected to another website

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Apply online

See how to apply online for Eastern Loans. Source: Pexels.
See how to apply online for Eastern Loans. Source: Pexels.

Access the Eastern Loans website and click on Apply Now.

Then, choose the reason you are requesting a loan.

After that, you need to provide your email address and your personal and financial information.

Finally, submit the forms and wait for the approval.

Apply using the app

Although it doesn’t offer a mobile app, you can apply by phone: 1-855-223-9313.

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Eastern Loans vs. Plain Green Loans

Both lenders offer small amounts of money. But, if you are a Canadian citizen or a permanent resident, Eastern features better interest rates.

Otherwise, check out the Plain Green Loans.

Eastern LoansPlain Green Loans
APRApproximately 23%From 210% to 428%
Loan PurposePersonalOther
Loan AmountsUp to $1,000From $500 to $5,000
Credit NeededAll credit types are consideredNot disclosed
Terms3, 6, or 12 installments over at least
three month period (up to 5 months)
From 10 to 26 months
Origination FeeNot disclosedNone
Late Fee$48None
Early Payoff PenaltyNot disclosedNone

If you are not a Canadian or a permanent resident in Canada, take a look at how to get a Plain Green loan.

Logo Plain Green fundo branco e verde

How to apply for Plain Green loans?

Check out how to apply for Plain Green loans to help you with your needs and goals.

About the author

Aline Augusto

My name is Aline Mesquita; I'm a writer here on the blog, where I write about finance in general and other subjects. I have been working with content creation for ten years. Also, I'm post-graduated in Project Management, with expertise in SEO practices. Currently, I am studying finance, market trends, and cryptocurrencies.

Reviewed by

Aline Barbosa

Senior Editor

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