Apply in a few simple steps and get a payday loan today. Complete the quick loan application on our website – provide some personal information about yourself, select the amount of money you need, and the loan repayment schedule*.
A payday loan is a short term loan that can help you cover immediate cash needs until you get your next paycheck. You can borrow up to $1,500 in Canada. Depending on the province you live in, you can repay your loan with interest in one or multiple installments*.
Easy payday loans are given out for smaller amounts and are generally more accessible than traditional bank loans.
At one point in time, we’ve all probably found ourselves in a tight spot financially. While some of us can turn to our friends and family for help, many Canadians do not have that option.
That is where new payday loan companies can help by offering loans that can assist Canadians to pay for unanticipated expenses.
Regardless of your credit score, you apply and get instantly approved for an easy loan, as most lenders will let you borrow money even with a low credit score. That is because payday lenders look at different aspects, such as income to debt ratio.
Local provincial laws highly regulate modern direct lenders. They have policies in place that protect borrowers and make it safe to get an easy payday loan.
What is a payday loan? Payday loans are designed to help you out in case of emergencies until you get your next paycheque. You can borrow up to $1,500 and pay it back in one or multiple installments*. Payday loans are unsecured, meaning no collateral is required to be approved. Online lenders look at many factors other than credit scores to approve loan applications. Interest rates and requirements vary by lender and provincial regulations. |
Payday loans work the following way:
If you’re applying with a direct lender online, you’ll be asked to provide them with an email address. This is so that funds can be sent to you via e-Transfer once your loan application has been approved and the agreement has been signed.
If you are applying at a store in person, you will be provided with cash or check on the spot. While there still are loan stores where borrowers can go in person to apply, most of it is now done online, providing ease and flexibility to Canadians. An added plus being there is no risk leaving a physical store with cash on hand!
When applying for a quick payday loan with a direct lender, look for the following on their website:
Not sure what type of payday loan is right for you? We know it can be overwhelming with so many different loan options to choose from.
That is why we have compiled a list of all of the safe payday loans we have to offer in the table below:
Types of Payday Loans | |
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Online Payday Loans | When you need access to quick cash, you should apply for online payday loans. Our online application process is easy and secure. |
One-month Payday Loans | This type of loan allows you to borrow money against your monthly income with flexible and affordable rates. |
Payday Loans for Bad Credit | This payday loan is ideal for those with poor credit. |
Weekend Payday Loans | You can quickly get a loan on Saturdays and Sundays. Our loans are available 24 hours, seven days a week. |
Same Day Payday Loans | Need money fast? You can apply for a payday loan with same day funding. Get your money via email money transfer within minutes. |
Instant Payday Loans | When you find yourself short of money and you need to get instant approval loans, we can help. You can borrow up to $1,500 anytime. |
E-Transfer Payday Loans | Need cash 24/7? Our e-Transfer loans are the best option for you. You can get funded in as little as 2 minutes. |
Guaranteed Payday Loans | Apply for a payday loan where approval is almost guaranteed. We approve 9/10 of applications. |
Faxless Payday Loans | There is no need to fax your loan application. We offer a paperless process, making it easy for you to access the money you need fast. |
Best Payday Loans | We offer the best-rated loans in Canada. We have competitive rates and flexible repayment options* available for you. |
Payday Advance Loans | Get up to $1,500 with a payday advance to cover unexpected expenses. |
Payday Loans with No Credit Check | While some online lenders might give out payday loans without running a credit check, you should be cautious as they generally ask for other forms of collateral or charge exorbitant rates. |
Payday Loans for Those on Benefits | |
Payday Loans with Government Benefits | It is possible to get a payday loan when you are on government benefits. Get the funding you need to pay for unexpected emergencies with flexible loans of $100 to $1500 regardless of your credit score. |
EI Payday Loans | Are you on employment insurance but need a loan to cover a short-term expense? We offer payday loans for people who are receiving unemployment benefits. Canadians can apply for a loan using their EI payments as proof of income to qualify and get approved. |
Disability Loans | Payday loans for disability income offer a solution to those who are on a disability program in Canada. |
CPP Payday Loans | If you currently receive pension payments, you can qualify for a CPP loan with us. |
Child Tax Payday Loans | Do you get monthly benefits from The Canada child benefit (CCB)? You can apply for a child tax loan for up to $1,500. |
Local Payday Loans | |
Payday Loans in Canada | We offer payday loans in Canada for up to $1,500 with instant approval. Apply online and get funded within an hour. No credit score refused. |
Payday Loans in Alberta | Payday loans in Alberta provide a flexible solution to help you overcome emergency or unexpected situations. |
Payday Loans in British Columbia | Are you looking for payday loans in BC? Apply today and get approved in minutes! |
Payday Loans in Ontario | Borrow Up To $1,500 in 2 minutes by applying for payday loans in Ontario. Borrow anytime. Get funded 24/7. |
Payday Loans in New Brunswick
| Getting a payday loan in New Brunswick is easy with our online application. We offer the best rates and fastest loan approvals. Apply now and get approved Instantly. |
Payday Loans in Manitoba | Instant payday loans in Manitoba can help you pay for rent, urgent home repairs & emergency car expenses. Loan $100 - $1500 from a safe Canadian lender. |
Payday Loans in Nova Scotia | Apply for payday loans in Nova Scotia in 3 easy steps, 24 hours a day, seven days a week. |
Payday Loans in PEI | Need Money? Payday loans in PEI are fast, paperless, secure & reliable. Apply online and get the funds you need almost instantly. |
Payday loan interest rates are determined by the province you live in, varying from $15 to $25 for every $100 you borrow.
According to provincial regulations, short term loan companies must apply a fixed rate on the amount borrowed.
For example, if you reside in Alberta and want to take out an emergency loan, it will cost you $15 for a $100 loan. Alternatively, the same loan will cost you $19 in Nova Scotia.
Here is a quick breakdown on what are the interest rates and fees of payday loans in Canada:
Province | Maximum cost of borrowing for a $100 fast payday loan. |
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Alberta | $15 |
British Columbia | $15 |
Manitoba | $17 |
New Brunswick | $15 |
Nova Scotia | $19 |
Ontario | $15 |
Prince Edward Island | $15 |
Saskatchewan | $17 |
Since fast payday loans are issued for a short period, interest rates are usually expressed in a dollar amount rather than a percentage. It is also essential to keep in mind that some lenders may also charge annual interest rates or service fees.
If you happen to change your mind and want to cancel your loan, you can make do so in the grace period, also known as the cooling-off period. With us, you usually have two business days to terminate your loan agreement. The cancellation period varies by province or territory.
It is crucial that you understand and review your instant payday loan contract before agreeing to the terms. Direct, trusted lenders clearly specify the total cost of borrowing money in their loan agreement and indicate when, where and how much they will withdraw directly from your bank account.
Payday loans have a significant number of advantages. Below are some of the reasons why people prefer to use them over other types of loans.
Fixed rates: Our same day loans come with a fixed fee and interest rates, so you are not surprised with added costs when you are trying to pay it back.
Easy application process: Modern lenders, like us, know you need money fast, so we do not want to slow you down during the application process. We made our requirements easy to meet.
All credit scores accepted: If your credit score is poor, or you have zero credit history, you can still be eligible for a loan for people with poor credit. Since we analyze several aspects of your application, you will not be turned down simply because your credit score does not reach a certain threshold.
Fast process and approval: With us, you can get instantly approved and receive your loan through an e-Transfer within 2 minutes.
Flexible repayment options: Depending on the province you live, you can pay back in multiple repayments*.
Multiple income sources welcome: We accept numerous income sources such as salary, government benefits like EI, child tax, disability, or a pension.
Individuals who use small payday loans come from all walks of life but have one thing in common — they have encountered an unexpected or emergency expense and turn to payday installment loans for help.
According to the Canadian Government, people who are most likely to take out an loan till payday are:
When asked why they need small payday loans, most respondents of the survey replied the following:
To get approved for a payday loan, you must meet the following minimum requirements:
To repay your small payday loan, you will need to provide us with the authorization to withdraw the funds directly from your bank account on your due date, as agreed upon in your loan agreement.
In case you want to repay your loan early, you would need to contact us to check if it is possible.
Every lender will have different repayment terms, so be sure to check your loan agreement to see the payment terms and conditions. Whether it is an online company or a place to loan money, you may have a few options to pay off your debt.
Apply in a few simple steps and get a payday loan today. Complete the quick loan application on our website – provide some personal information about yourself, select the amount of money you need, and the loan repayment schedule*.
As soon as you send us your payday loan application. You’ll receive instant approval on your loan 24/7 so you can take care of anything that life throws your way. Quick, easy, trustworthy loans from a licensed Canadian lender.
Your money will be sent to you via e-Transfer in 2 minutes or less. Email money transfer means that the funds from a loan till payday can be accessed anytime, day or night, 24/7. Safe, loans online with same day funding.
iCASH offers a unique Cashback program to reward its customers in Canada. You can get back up to 20% of the cost of borrowing paid once your quick payday loan is repaid and receive your Cashback direct into your bank account the same day. Real saving and real money!*
If you’re living paycheck-to-paycheck, it can be hard to always line up the timing of your paycheck with your bills. Late fees, service interruptions, and other problems can all be the result of this timing issue.
Our payday advance loans give you the flexibility to pay your bills on time, manage your cash flows, pay back your loan as scheduled.
Cars always seem to break down at the worst possible time, don’t they? Most of us need our vehicle to run errands, get to work, shuttle the kids around and so on. We can’t afford to wait for days or weeks until we have enough money to get our car fully repaired, especially in the cold Canadian winters.
For sudden, unplanned auto repairs, there can be very few options. With iCASH you can pay your auto repair bills and get back on the road right away.
Unplanned home improvements can often put a strain on your bank account and budget. Even if you’ve been saving up responsibly for a while, costs can change through the course of a project and you might need some extra help.
Instant loans can get the extra boost that you need to finish up that home improvement project. This is especially important in some of the more northern regions of Canada, where you have a limited time frame to complete projects that otherwise expose parts of your home to the elements – before the rough winters set in.
Like cars, appliances seem to break down at the worst times. And they need to be replaced as repairs typically can cost more than a new replacement appliance unit.
If you have an unexpected expense to repair or replace a broken appliance, an instant payday loan may be the perfect solution. We understand life and we can help you get a loan when you need it.
When family emergencies strike, especially with extended family who live far away, costs can quickly spiral out of control. Between airfare, lodging, lost wages, etc., unexpected expenses can be financially challenging as well.
We know that when it happens, you need to be focused on your family, your health and your loved one’s health and welfare. The last thing you need to be worried about is your finances.
Easy loans can be just what you need to cover these unforeseen costs and focus on helping out your family as they go through a difficult time.
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Traditional Payday Lenders | Lenders with brokerage fee | |
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Licensed | |||
Flexible repayment plans* | |||
Offers cashback program for more savings* | |||
Paperless | |||
Free membership benefits | |||
No hidden charges | |||
E-transfer in the next 5 minutes | |||
Get a loan now |