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Installment Loans


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An installment loan is a customer-friendly option on a longer term. Often used for larger loans, the loan amount plus interest is paid back in regularly scheduled payments of substantially equal amounts over a set period of time.

Term 6-48 months

Your first payment is due on your first payday that falls within 7-40 days from the original day your loan was approved

The number of remaining payments and amount per payment will be based on how often you get paid (i.e. monthly, semi-monthly, bi-weekly, weekly) and the length of your loan term

Disbursement In Store
Payment Methods Direct Debit from your Bank Account


Disbursement Increments Rounded up to the next $100 increment
Interest/Fees 46.96%
NSF Fee None
Late Fee None except for interest on overdue payments.
Loan Protection Insurance No
Post Due Date Interest Assessment 46.96% interest applies to all payments that are not paid when due
Number of Loans Per Borrower One loan per customer- either Cash Advance or Installment. Full payoff of an outstanding Cash Advance or Installment Loan is required prior to applying for an Installment loan

Customer Requirements

Minimum Borrower Age 18 years of age or older
Residential Restrictions Must be a resident of Ontario
Payroll Types Direct Deposit
Income Types Employment, Canadian Pension Plan (CPP) and Old Age Security (OAS), Pension Plan, ODSP, Self-Employed, Child Tax Benefit, Employment Insurance, Workplace Safety and Insurance Board (WSIB)
Purpose of Loan General Household Bills, Rent or Mortgage, Home Improvements, Moving Expenses, Home Repairs, Car Repairs, Car Purchase, Medical Expenses, Consolidate Multiple Debts, Education Expenses, Travel and Leisure, Business Loan, Legal Expenses, Other Major Purchase

How our process works

  • Select a store closest to you
  • Determine which loan is right for you
  • Start your application online
  • You’ll be contacted to book an appointment at your store
  • Complete your application in store and receive your funds if your application is approved

Installment Loan Documentation Checklist

Please remember to bring the following when you visit one of our stores:

Two forms of identification required

Primary ID: Driver’s License, Passport, Province issued Photo ID Card, Military ID, Native Status Card, Permanent Resident Card, Nexus Card, Health Card (Requires 2 Secondary IDs)

Secondary ID: Driver’s License, Passport, Province issued Photo ID Card, Military ID, Native Status Card, Permanent Resident Card, Nexus Card, Health Card, Birth Certificate, SIN Card, Car/Home Insurance

Income Verification

Employment: 2 consecutive paystubs for new customers and 1 paystub for existing customers
CPP - Pension: Bank Statement
ODSP: Most recent ODSP Stub
CTB: Notice of assessment
EI: Weeks of entitlement

Void Cheque or PAD Authorization Voided Cheque or pre-authorized debit (PAD) form
References Three references (first name, last name, phone number and relationship)

© 2019 EZMONEY Tario, Inc. All rights reserved.

Consumer Notice: Cash Advance Loans are intended to address short-term financial needs only. The cost of borrowing for a Cash Advance Loan may be significantly higher than credit offered by other lenders. Consumers with credit difficulties should seek credit counseling.

In Ontario, the maximum allowable cost of borrowing under Cash Advance loans (payday loans) is $15 for each $100 advanced. The actual cost of borrowing for each $100 we advance under such agreements is $15. For example, on a loan of $500 for 14 days, the amount advanced is $500, the cost of borrowing is $75, the total the borrower is required to pay on the due date is $575, and the annual percentage rate is 391.07%.

For Installment Loans, we charge an annual interest rate of 46.96%.