Eastern Loans offers online loans ranging from $500 to $750, with a term period of 3 to 5 months. The borrowing process is straightforward – apply online, get approval in less than 24 hours, and have the funds directly deposited into your account. To qualify, you must be a Canadian citizen, 18 years or older, have a steady employment for the last 3 months, and a monthly income of at least $1,200. Certain income sources like CPP, private pension, student loans, self-employment, child tax, and disability are not accepted. For instance, if you borrow $250 for a term of 3 months, you’ll end up paying a total of $264, with a fee of $14.
Eastern Loans review
Eastern Loans offers online loans ranging from $500 to $750, with a repayment term of 3 to 5 months. The borrowing process is simple and swift. You apply online, receive approval in less than 24 hours, and have the funds deposited directly into your account.
To be eligible for a loan, you must meet certain conditions. You need to be a Canadian citizen, 18 years or older, and have a steady employment for the last 3 months. You also need to receive your income via direct deposit and have a monthly income of at least $1,200. However, it’s important to note that certain income sources, such as CPP, private pension, student loans, self-employment, child tax, and disability, are not acceptable.
If, for example, you borrow $250 for a term of 3 months, you will pay a fee of $14, making your total repayment $264. In essence, Eastern Loans provides a quick and straightforward solution for short-term financial needs, with clear terms and conditions.
Table of repayments
| Amount | Fee | Total payment | Term |
| $250 | $14 | $264 | 3 months |
If you will get the loan of $250 with the term of 3 months, your totally payment would be $264. The fee is $14.