Easyhome Review (May 2024) – Pros, Cons, Features, & Pricing

Easyhome is a Canadian lease-to-own company. They offer a rental service for household furniture, appliances, and electronics, both in-person and online. This way, you can make easy payments toward the ownership of the items you buy.

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Last Updated: May 14, 2024


  • Loans up to $20,000
  • Build your credit with EasyHome leasing
  • 160+ retail stores across Canada

Get up to $250 cashback on your first EasyHome loan - Claim this offer

And they provide flexible payment options and renting terms. You can also rebuild your credit with each lease or loan payment.

In this Easyhome review, I’ll focus on their lease-to-own service and loan options. I’ll also detail the positives, downsides, and costs of using their service and products.

What Makes Easyhome a Good Option?

Easyhome gives you the choice of paying for your home’s furnishings at a pace that suits your budget. You can shop on their website or in one of their stores found all around Canada.

When you lease goods from them, you won’t be subjected to a credit check. They won’t require you to pay a deposit either.

When you lease-to-own with Easyhome, you can rebuild your credit. They will report every payment you make to the two major credit bureaus, TransUnion and Equifax.

The Pros and Cons of Easyhome

Possibly the most vital segment of the Easyhome review is the following pros and cons list. Here, I’ll give you a rundown of this provider’s services’ benefits and potential downfalls.

The Pros

Here’s what customers love about EasyHome.

Online and In-person Shopping

You can browse their online catalogue, place an order, and have your household items delivered to your home. Alternatively, you can visit one of 160 Easyhome stores across Canada and do your shopping in person.

Total Protection Coverage

For a fee, you can benefit from Easyhome Total Protection Coverage (TPC). It covers the cost of delivery, setup, and replacements. You will also be able to return lease-to-own products without incurring a penalty and upgrade purchases at any time. You get a full warranty with TPC as well, so they cover all repairs.

Credit Rebuilding Available

They will report the payments you make on your lease to TransUnion and/or Equifax every month to help you rebuild your credit score. Therefore, ensure you make your payments on time.

No Down Payment or Credit Required

They don’t require you to have a specific credit score to lease a good. You also won’t have to make a down payment since the item you’re renting will serve as collateral.

Flexible Payments

You can make lease payments weekly, bi-weekly, or monthly. You can also pay off what you owe early without incurring a penalty.

The Cons

Here’s what customers think could be improved about the EasyHome expeirence.

No Base Prices Available

Product prices are stated per week in-store and on their website. You might not be able to get the total cost of an item before they add interest. This would be handy if you wanted to compare furniture prices between sellers.


Leasing-to-own usually means paying more for a product than it would cost to buy it outright. This is because you’ll be charged a high-interest rate for the time you rent the item.

Extensive Personal Information Required

For Easyhome to verify your income and residence, you’ll have to provide your landlord and employer’s contact details. You will also have to list three references with your lease application.

Easyhome Range of Products and Services

Easyhome specializes in renting out household products to customers.

Also, through Easyhome, you can apply for a personal loan provided by their sister company, Easyfinancial.

Their lease-to-own products and loans can help you rebuild your credit. Easyhome will submit monthly reports to the credit bureaus whenever you make a payment to them.

In this portion of the Easyhome review, I’ll discuss each product category, as well as its features and benefits.

Lease-to-own Products

Furnish any area in your house or apartment, from the kitchen to the living room, without having to pay a significant portion of the furnishings’ price upfront.

You can rent furniture, appliances, and electronics for your home and pay for them on a weekly or monthly basis. Also, you can have a lease term of up to 156 weeks.

How It Works

  1. Visit Easyhome’s website or one of their stores to shop.
  2. Fill in and submit a lease application.
  3. Receive your purchased items. You have the option of picking them up or having them delivered to your home. Alternatively, Easyhome can handle delivery and setup if you buy their Total Protection Coverage (TPC).
  4. Pay for your furnishings on a weekly or monthly basis. Once you’ve completed your payments, you’ll own the product.

Personal Loans

Apply for an unsecured personal loan between $500 and $20,000 and receive an approval within 10 minutes.

Loan terms range from 9 to 84 months. You have the option of making payments weekly, bi-weekly, semi-monthly, or monthly.

Cost of Using Easyhome Products and Services

An essential aspect of any product or service offering is its cost. In this section of my Easyhome review, I’ll dive into the costs you can expect when using their services.

When you rent something from Easyhome, you’ll have to pay interest. Although the amount of interest isn’t stated explicitly, it’s included in the monthly or weekly payment amount.

The APR on their personal loans ranges from 29.99% to 46.96%.

Additional Fees

They charge a processing fee of $25 and taxes. If you live 50 km from a store, they may levy a delivery fee.

You may be subject to additional costs when you cancel an order, such as a cancellation fee and a restocking fee.

Easyhome Promotions

You will be eligible for a 2% interest rate decrease if you apply for a loan with a co-signer. This offer is valid in all Canadian provinces, excluding Quebec and Manitoba.

The Easyhome Website

Easyhome has an easy-to-navigate website where you can do your shopping online. Shoppers can quickly find what they need to buy since products are categorized.

While their website isn’t the most sophisticated, the loading times are good. However, this depends on your device and internet connection.

In the next section of this Easyhome review, we’ll have a look at how to submit your application through the platform.

How to Get Started with Easyhome

The application process is quick and straightforward, whether you want to apply for a loan or lease a household item.

You can apply for a loan in less than five minutes, according to Easyhome.

If you’re interested in the credit rebuilding program, it’s only available at participating Easyhome stores. To apply, you’ll have to inquire in-store.

Leasing a Product

You can rent a product either in-store or online. For online leasing, these are the steps involved:

1.   Register

Visit the Easyhome website. Create an account by clicking the button to the left of ‘my cart’. You’ll have to provide your full name, email address, and phone number.

2.   Shop

Once you’ve registered, you can start shopping.

Under the products tab, you can browse furniture, appliances, electronics, or computers. Choose the items you’re interested in buying and add them to your cart.

Easyhome Review Catalogue - comparewise

Once you’re done shopping, head to your cart by clicking the ‘my cart’ button at the top right corner of the screen. You can choose the payment frequency here before checking out.

Easyhome Review Cart - comparewise

3.   Checkout

During checkout, you’ll have to provide:

  • Additional personal information, such as your date of birth.
  • Your residential address, including whether you own or rent and how much your monthly mortgage or rent payments are.
Easyhome Review Residential Details - comparewise
  • Your employment information, such as your position, employer, and salary.
Easyhome Review Employment Info - comparewise
  • Personal details of three references, including their full name, phone number and your relationship.
Easyhome Review References - comparewise

It typically takes one to two days for them to verify your information. After verification, you will receive your purchased items.

Loan Application

To begin your loan application, click the ‘get a loan’ button on the Easyhome website. You’ll be required to provide the following information:

  • How much you want to borrow and the purpose.
Easyhome Review Personal Loan Application - comparewise
  • Your personal details, including your full name, email address, cell number and residency status.
Easyhome Review Personal Loan Application Residency Status - comparewise
  • Your residential details. They require your address, whether you rent or own and how long you’ve lived at that address.
Easyhome Review Personal Loan Application Residential Details - comparewise
  • Your employment information, such as how much you earn and how long you’ve been working.
Easyhome Review Persona Loan Application Job and Income - comparewise
  • Your expenses. If you pay child support, have unpaid taxes or have taken out a payday loan.

You’ll have to allow and consent to Easyfinancial pulling your credit report before submitting the application.

After you submit your application, you’ll receive a loan application ID. You’ll also be able to contact Easyfinancial to inquire about the status of your loan application.

Easyhome Review Personal Loan Application Submission - comparewise

Alternatives to Easyhome

You may not consider Easyhome a good fit for you after reading this Easyhome review. If so, you can investigate alternatives like Facebook resale groups or Craigslist.

You will often find products in good condition at low prices. Make sure you inspect the item you’re purchasing thoroughly and keep an eye out for additional costs.

Alternatively, you might save up for the household item and buy it later. Or use a credit card to make a purchase. These have lower APRs compared to Easyhome.

If you’re interested in an alternative for a personal loan, Loan Connect is worth considering.

They provide a loan matchmaking service, meaning they will connect you with lenders based on your needs and situation. They eliminate the need to contact various banks and credit unions for financing and save you time.

You can get pre-approval for a loan of up to $50,000 and an APR as low as 10%.

You also don’t need perfect credit to apply. If you have bad credit, there are solutions available to you.

Conclusion to Easyhome Review

Easyhome provides a way to furnish your home without making a down payment or having your credit checked. While their lease-to-own philosophy is appealing, it can be expensive, especially in a financial bind.

If using a credit card or buying used isn’t an option for you, you might consider them.

To round up this Easyhome review, I’ll leave you with one piece of advice. Think not only about the short-term but also the long-term implications of leasing.

Make sure you calculate how much you’ll spend on an item throughout the lease. If the price appears reasonable to you, you might make a purchase.

Learn about Canada’s largest lease-to-own company in this Easyhome review. Find out how to get started with Easyhome & its benefits & costs.

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FAQs about Easyhome

What is Easyhome?

Easyhome provides rental service for household furniture, appliances, electronics online and offline. Easyhome provides you the opportunity to make easy and flexible payments towards the items you buy.

What makes Easyhome a good option?

Easyhome is a good option as it allows you to pay for your home furniture at the time that suits you according to your budget. Easyhome doesn't restrict those who have a bad credit, in fact you can rebuild you credit through Easyhome's lease-to-own. Easyhome will then report your payment habits to the major credit bureaus, TransUnion and Equifax

What are some advantages of Easyhome?

There are alot of advantages including: online and offline shopping, protection coverage for most things, credit rebuilding, no downpayment and flexibility. Easyhome has 160 stores across Canada if you prefer to visit a brick and mortar rather than their online store. As mentioned, you can rebuild your credit with Easyhome. They also offer easy and flexible payments so that you can easily manage them.

How do I apply for Easyhome?

You can apply for Easyhome on their website, it's very simple. You just need to register your full name, email address and a phone number. Once you've gone through the registration, you can start shopping for furniture, appliances, electronics, computers and much more. During check out, expect to fill a few details such as:

  • Address including your monthly mortgage/rent payments
  • Employment details
  • Personal information

What are the cost of using Easyhome?

The cost of using Easyhome depends on the service you use. For example, if you rent something from Easyhome, you will need to pay them interest.

October 3, 2022
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