Mogo 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.
Mogo
Tech-savvy borrowers who want a flexible line of credit with free credit monitoring
Full Review →Side-by-Side Comparison
| Feature | Mogo | easyfinancial |
|---|---|---|
| Loan Amounts | Up to $5,000 (MogoMini line of credit) | $500 – $150,000 |
| Interest Rates | Up to 34.37% APR | 9.99% – 34.95% APR |
| Loan Terms | Revolving (line of credit) | 9 – 240 months |
| Credit Required | Fair credit and above | All credit types accepted |
| Funding Speed | Pre-approval in 3 minutes | Same day to 2 business days |
| Headquarters | Vancouver, British Columbia | Mississauga, Ontario |
| Founded | 2003 | 2006 |
| Best For | Tech-savvy borrowers who want a flexible line of credit with free credit monitoring | Borrowers with poor credit who need larger loan amounts |
Loan Amounts
Mogo
Up to $5,000 (MogoMini line of credit)
easyfinancial
$500 – $150,000
Interest Rates
Mogo
Up to 34.37% APR
easyfinancial
9.99% – 34.95% APR
Loan Terms
Mogo
Revolving (line of credit)
easyfinancial
9 – 240 months
Credit Required
Mogo
Fair credit and above
easyfinancial
All credit types accepted
Funding Speed
Mogo
Pre-approval in 3 minutes
easyfinancial
Same day to 2 business days
Headquarters
Mogo
Vancouver, British Columbia
easyfinancial
Mississauga, Ontario
Founded
Mogo
2003
easyfinancial
2006
Best For
Mogo
Tech-savvy borrowers who want a flexible line of credit with free credit monitoring
easyfinancial
Borrowers with poor credit who need larger loan amounts
Pros & Cons
Mogo
Pros
- Free credit score monitoring for all users
- Line of credit flexibility — borrow only what you need
- 100-day trial period to test the product
- Fully digital experience with no branch visits needed
Cons
- Maximum borrowing limit of $5,000
- Interest rate up to 34.37% APR
- Line of credit format may encourage ongoing borrowing
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 Mogo if you're looking for a lender that specializes in tech-savvy borrowers who want a flexible line of credit with free credit monitoring. They offer loan amounts of Up to $5,000 (MogoMini line of credit) with funding as fast as pre-approval in 3 minutes.
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 Mogo or easyfinancial better?
It depends on your needs. Mogo is rated 3.7/5 and is best for tech-savvy borrowers who want a flexible line of credit with free credit monitoring. easyfinancial is rated 3.8/5 and is best for borrowers with poor credit who need larger loan amounts.
Which has lower interest rates?
Mogo charges Up to 34.37% APR, while easyfinancial charges 9.99% – 34.95% APR. Your actual rate depends on your credit profile.
Which lender funds faster?
Mogo: Pre-approval in 3 minutes. easyfinancial: Same day to 2 business days.
Other Lender Comparisons
Compare Both Lenders & More
Apply once through 365 Loans and receive offers from multiple Canadian lenders — no obligation, no impact on your credit score.
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