Loan

Nov 13 2016

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We know that fine print can be painful, but we believe it s important you have all the facts!

easyfinancial is a division of easyhome Ltd. Canada s largest lease-to-own furniture, electronics, appliances and computer retailer. easyfinancial offers a variety of financial services, including loans and prepaid cards. easyhome Ltd. is listed on the TSX under the symbol ‘EH’.

1 30 minute decision (between Monday Saturday) based on a completed application and customer verification.

2 easyfinancial offers short term personal loans and is not a credit repair service. easyfinancial may help improve your credit score by building a credit history provided your payments are made in full and on-time.

4 Payment includes loan protection insurance fees, but excludes applicable provincial taxes and prepaid card fees.

6 Amount does not include the cost of insurance.

7 If you take out a $500 loan for a 2 week period and renew it 13 times over a 9 month period.

8 If you only pay the monthly minimum amount ($10 or 3% of balance, whichever is larger) with an annual interest rate of 19%. Source: Financial Consumer Agency of Canada (www.fcac-acfc.gc.ca)

9 If you take out a loan on a 5 year term with an annual interest rate of 8%. Source: TD Canada Trust Loan Payment Calculator (www.tdcanadatrust.com)

* Approval measured against all lenders providing unsecured credit and lease-to-own products, excluding payday lenders, and based on a random sample of applications before verification.

** Based on the maximum total cost of borrowing under applicable provincial payday loan legislation.

Trade-mark of Interac Inc. Used under licence.

Credit Score Impact

While having a loan and honouring its obligations can help build credit, too many loans may be seen by potential creditors as an increased risk, and failure to meet repayment obligations will result in a negative report to the credit bureaus, which would reduce your credit score. Please borrow responsibly.

Renewals

Loans from easyfinancial do not automatically renew. Customers have the option to request an increase to their loan after paying down a percentage of their current loan amount and maintaining good payment history. Such a request would be subject to the company s standard underwriting rules.

Financial Implications

easyfinancial offers personal loans from $500 to $10,000 3 with terms from 9 to 48 months. The APR is 46.96%, and there are no additional fees for the loan. easyfinancial does not charge a late fee, but payments returned NSF (non-sufficient funds) will be assessed a $50 fee in addition to fees charged by the customer s financial institution.

Collections Practices

easyfinancial contacts customers in arrears as soon as possible through various means including, but not limited to telephone, email, postal mail and SMS. easyfinancial may work with third parties to assist in collections activities.

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