Payday loans in Canada
Payday loans to tide you over.
Borrow a small amount and repay it on your next payday. Apply once and we share your request with lenders in our network.
At a glance
Amount
Up to $1,500
Term
Up to 62 days, usually your next payday
Most it can cost
$14 per $100 borrowed
Cost to apply
Free
Limits set by federal rules. Some provinces set lower limits.
What is a payday loan?
You repay it on your next payday.
A payday loan is a small, short-term loan. You borrow up to $1,500 and pay it all back, plus the borrowing cost, on your next payday.
Lenders usually look at your income and bank account more than your credit score. Most send the money by e-Transfer or direct deposit once you are approved and sign.
Need longer to repay? Personal loans spread the cost over months. Before you borrow, read our responsible borrowing guide.
Know the cost
See the max cost before you apply.
Since January 1, 2025, federal rules cap payday loan costs at $14 for every $100 you borrow. That cost includes interest and fees.
Move the slider to see the most a lender can charge.
In many provinces you can cancel a payday loan within two business days at no cost. Check the rules in your province.
Based on the federal limit of $14 per $100 borrowed for payday loans. Some provinces set lower limits. Your lender's agreement shows the exact cost and due date.
How it works
Apply in three steps.
You apply online from your phone or computer, with nothing to print and no branch to visit.
1
Fill in one short form
Tell us how much you need, plus a few details about you and your income.
2
We look for a lender
Your request goes to lenders in our network who may be able to help.
3
Review your offer
If a lender makes an offer, read the terms and decide. You never have to accept.
Is it right for you?
When a payday loan makes sense.
A good fit if
- You need a small amount for a few days or weeks
- You know you can repay it in full on your next payday
- You have a steady income coming in
- You have looked at cheaper options first
Think twice if
- You would need to borrow again to repay it
- You already have other payday loans open
- The expense is large or ongoing
- Your income is not regular
Who can apply
What you need to apply.
Most lenders in our network ask for the basics below. A lender may ask for more before making an offer.
- You are at least the age of majority in your province (18 or 19)
- You live in Canada
- You have a regular source of income
- You have an active Canadian bank account
- You have a valid email address and phone number
FAQ
Payday loan questions.
Our FAQ page covers costs, credit checks and how lenders decide.
How much can I borrow with a payday loan?
Up to $1,500. That is the federal limit for a payday loan. The amount a lender offers you depends on your income and its own rules.
How much does a payday loan cost?
The most a lender can charge is $14 for every $100 you borrow. On a $500 loan, that is up to $70, for a total of $570. Some provinces set lower limits.
When do I repay it?
Usually on your next payday, in one payment. The term can be no longer than 62 days. Your agreement shows the exact date.
Can I get a payday loan with bad credit?
Yes, you can apply. Payday lenders tend to focus on your income and bank account. Approval is never guaranteed, and the lender decides.
Can I cancel a payday loan?
In many provinces you have two business days to cancel at no cost. You return the money you borrowed. Check your agreement and your province’s rules.
Are payday loans available everywhere in Canada?
Not everywhere. Payday loans are generally not offered in Quebec, where provincial rules limit the rate on all loans. Each province that allows them licenses payday lenders.
Check payday loan offers in a few minutes.
Applying is free, and you never have to accept an offer.