Every question, answered in one place

A payday loan is a small, short-term loan, typically $100 to $1,500, meant to be repaid on or around your next pay date. Provinces regulate the maximum cost of borrowing and loan terms.

Loan amounts through this network generally range from $100 to $1,500, depending on your province, income, and the lender you're matched with.

Terms typically run up to 62 days, though many payday loans are structured around a single upcoming pay date.

You'll need government-issued ID, proof of income, and an active Canadian bank account in your name.

No. Lenders in this network generally weigh income and banking activity more heavily than a traditional credit score.

Yes, as long as you can show consistent income through bank statements or other documentation a lender accepts.

Approved funds are sent by Interac e-Transfer directly to your bank account, typically the same business day as approval.

Most lenders collect repayment by pre-authorized debit on the agreed due date, detailed in your loan agreement.

Contact your lender before the due date. Provincial rules limit rollover and default fees, and many lenders offer an adjusted repayment arrangement.

Cost is set per $100 borrowed and capped by your province, generally in the $14 to $17 per $100 range. Your lender discloses the exact figure before you sign.

Yes. Each province sets its own maximum cost of borrowing, loan term limits, and borrower protections. See our All Provinces page for details.

Many provinces provide a short cooling-off period during which you can cancel without penalty. Check your loan agreement and provincial rules for the exact window.