Easyhome, a Canadian provider of financial services to the cash and credit constrained consumer, announced it increased its total credit facility with incumbent providers and agented by Crystal Financial by $100 million, increasing the facility to $300 million while reducing the current interest rate from 8.22% to 7.99%.

The company said the increased capital will support the growth of easyhome’s consumer financing business, easyfinancial.

“We are once again pleased to act as administrative agent and lead arranger on this expanded credit facility for easyhome,” said Christopher Arnold, senior managing director of Crystal Financial. “The company’s performance over the last several years demonstrates its expertise in maintaining a balanced approach to consumer lending while proactively managing risk. The increased size and improved terms of the entire facility reflect the lending syndicate’s confidence in their business and the strength of the easyhome management team, systems, operational procedures and risk management practices.”

Mississauga, Ontario-based easyfinancial was launched in 2006 to provide term financing to consumers looking for credit alternatives that are more readily accessible than banks and less costly than payday loans.