Eastern Loans

Reviews, Ratings And Fees

July 2025 · Written By Caitlin Wood

Home \ Loans \ Best Loans

Address

100 King Street, Suite #5600
Toronto, Ontario
M5X 1C9

Business Hours

Monday 8 am - 9 pm
Tuesday and Wednesday 8:00 am - 5:30 pm
Thursday 8 am - 9 pm
Friday 8 am - 7 pm
Saturday and Sunday 10 am - 4 pm

Website

https://easternloans.com/

Rated

| Based on 6 customer reviews

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Eastern Loans: Overview

Unlike other payday loan sources, Eastern Loans allows you to extend your repayment period over 5 months, if necessary. They’ll also give you the option of paying in weekly, bi-weekly, or monthly installments, rather than all in one lump sum. If you’d like, you’ll also be able to make accelerated payments to save money on interest. If you apply before 10:30 am, you should receive the funds in your bank account before the end of the day.

Services & Products

Eastern Loans Offered Services

Payday Loan

Loan Range: $500 – $1,000
Interest Rate: 23%
Terms (Months): 3 – 6
Funding Time: Within 24 hours
Funding Method: Direct deposit
Repayment Options: Weekly
Bi-weekly
Monthly
Eligibility: Canada citizen
18 years of age or older
Receive income via direct deposit
Steady employment for the last 3 months
Monthly income of at least $1,200
No CPP, private pension, student loan, self-employed, child tax, disability etc.
Requirements & Documents: n/a

Reviews

Reviews & Rating

See what others have to say about Eastern Loans

This is a great company to borrow from. Yes, it’s a little pricey to borrow but they have always come through for me. Just payback on time and y

Common Sense would tell you anywhere you get a loan your gonna pay for it! And it does state in the fine print of the contract the 250$ fee and if you

Fast, friendly and reliable service. The interest is quite high but your approved right away no question ask. Your awesome guys. I get the money right

Company takes out extra money on top of what you signed a contract for. Beware once you pay off your loan they will come after you for a “Buyers

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