EQ Bank – Apply for a Loan
Contact Information
Company
Equitable Bank
Address
30 St. Clair Avenue West, Suite 700, Toronto, ON M4V 3A1
Website
https://www.eqbank.ca
EQ Bank – Repayment Schedule
Estimated monthly payments at APR 9.99%. Actual payment is determined at loan approval.
| Amount \ Term | 12 mo. | 24 mo. | 36 mo. | 60 mo. | 84 mo. |
|---|---|---|---|---|---|
| $10,000 CAD | $879.11 | $461.40 | $322.62 | $212.42 | $165.96 |
| $20,000 CAD | $1,758.22 | $922.81 | $645.25 | $424.84 | $331.92 |
| $30,000 CAD | $2,637.34 | $1,384.21 | $967.87 | $637.26 | $497.88 |
| $40,000 CAD | $3,516.45 | $1,845.61 | $1,290.50 | $849.68 | $663.84 |
| $50,000 CAD | $4,395.56 | $2,307.02 | $1,613.12 | $1,062.11 | $829.80 |
| $60,000 CAD | $5,274.67 | $2,768.42 | $1,935.75 | $1,274.53 | $995.76 |
Representative Example
Loan Amount
$7,500 CAD
Repayment Term
60 months
APR
9.99%
Monthly Payment
$159.32
Total Interest Cost
$2,058.96
Total Amount Payable
$9,558.96
* This example is for illustrative purposes. APR includes the interest rate and any applicable fees. Actual terms are determined upon signing the loan agreement.
Quick Overview
Loan Amount
$5,000 CAD – $100,000 CAD
Term
12 – 84 months
APR from
9.99%
Approval
1-3 business days
Eligible Age
18+
Online Application
Yes
Eligibility Requirements
- ✓ Canadian resident 18+
- ✓ Good credit history (650+ recommended)
- ✓ Verifiable employment income
- ✓ Active EQ Bank account
- ✓ Social Insurance Number
Loan Features
- Fully digital application
- Fixed interest rates
- No prepayment penalty
- E-Transfer disbursement
- Monthly payment reminders
Ready to apply?
Go to EQ Bank Official Site ad