LoanConnect vs easyfinancial
A detailed side-by-side comparison of two popular Canadian lenders. See how they stack up on rates, loan amounts, eligibility, and overall experience.
Side-by-Side Comparison
| Feature | LoanConnect | easyfinancial |
|---|---|---|
| Loan Amounts | $500 – $50,000 | $500 – $150,000 |
| Interest Rates | 6.99% – 29.99% APR (varies by partner lender) | 9.99% – 34.95% APR |
| Loan Terms | 6 – 60 months | 9 – 240 months |
| Credit Required | All credit types accepted | All credit types accepted |
| Funding Speed | As fast as same day | Same day to 2 business days |
| Headquarters | Toronto, Ontario | Mississauga, Ontario |
| Founded | 2014 | 2006 |
| Best For | Borrowers who want to compare multiple offers at once | Borrowers with poor credit who need larger loan amounts |
Loan Amounts
LoanConnect
$500 – $50,000
easyfinancial
$500 – $150,000
Interest Rates
LoanConnect
6.99% – 29.99% APR (varies by partner lender)
easyfinancial
9.99% – 34.95% APR
Loan Terms
LoanConnect
6 – 60 months
easyfinancial
9 – 240 months
Credit Required
LoanConnect
All credit types accepted
easyfinancial
All credit types accepted
Funding Speed
LoanConnect
As fast as same day
easyfinancial
Same day to 2 business days
Headquarters
LoanConnect
Toronto, Ontario
easyfinancial
Mississauga, Ontario
Founded
LoanConnect
2014
easyfinancial
2006
Best For
LoanConnect
Borrowers who want to compare multiple offers at once
easyfinancial
Borrowers with poor credit who need larger loan amounts
Pros & Cons
LoanConnect
Pros
- Compare multiple lender offers with one application
- Soft credit check for initial comparison — no impact on score
- Wide range of loan amounts from $500 to $50,000
- Fully online process with no branch visits required
Cons
- Rates vary significantly depending on which partner lender you're matched with
- Not a direct lender — acts as a marketplace/aggregator
- Loan terms and conditions vary by individual lender
easyfinancial
Pros
- Accepts all credit types including poor credit
- Very large loan amounts available (up to $150,000 secured)
- Over 400 locations across Canada for in-person service
- Reports to both Equifax and TransUnion for credit building
Cons
- Interest rates can be high for unsecured loans
- Secured loans require collateral (home equity or vehicle)
- Some products have origination or administrative fees
Which Lender Should You Choose?
Choose LoanConnect if you're looking for a lender that specializes in borrowers who want to compare multiple offers at once. They offer loan amounts of $500 – $50,000 with funding as fast as as fast as same day.
Choose easyfinancial if you're better described as borrowers with poor credit who need larger loan amounts. They offer $500 – $150,000 with all credit types accepted credit requirements.
Still unsure? Apply through 365 Loans to compare offers from both lenders and more — with no impact on your credit score.
Frequently Asked Questions
Is LoanConnect or easyfinancial better?
It depends on your needs. LoanConnect is rated 4.1/5 and is best for borrowers who want to compare multiple offers at once. easyfinancial is rated 3.8/5 and is best for borrowers with poor credit who need larger loan amounts.
Which has lower interest rates?
LoanConnect charges 6.99% – 29.99% APR (varies by partner lender), while easyfinancial charges 9.99% – 34.95% APR. Your actual rate depends on your credit profile.
Which lender funds faster?
LoanConnect: As fast as same day. easyfinancial: Same day to 2 business days.
Other Lender Comparisons
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Compare Loan OffersEditorial Note: Our content is reviewed by financial experts for accuracy. We may receive compensation from partner lenders, which does not influence our rankings or recommendations. Read our full disclosures