We are currently only working with ONE payday lender in Canada, Money Mart.
We will add more details when we have them, and the charges and eligibility criteria per province.
Please bear with us as we are still updating this site!
We will add more Canadian lenders and decent payday loan brokers soon – but we do NOT add just ANY payday lender or broker.
We ONLY tell you about ones where we have spoke to them personally, we find their costs and charges easy to understand, and the lender is open and honest about their terms and conditions.
Types Of Payday Loans in Canada
In all the provinces listed below you are able to apply for your Canadian payday loan 100% online. However some per province laws require that you go in to a store to pick up your loan and / or verify your identification, and others do not.
If you live in Ontario, Alberta or Nova Scotia, you are able to apply and receive a payday loan 100% online.
If you live in British Columbia, Manitoba, New Brunswick or Saskatchewan, you are still able to APPLY online, BUT, you will need to go into a store in person to pick up your money.
Applying online is super fast, easy and convenient and if you are approved for a payday loan and you live in these provinces, your loan money will be waiting for you as soon as you go into a store to get it.
It’s still by FAR the fastest way to apply, it’s just the local laws of those provinces require that you go in in person to get your loan.
If you live in any provinces not mentioned above then you are unable to get a payday loan from Money Mart.
Canada Payday Loans Criteria
If you wish to apply for a payday loan in Canada, any decent lender will require that you :
- Are 18 years old or older
- Have a chequing or savings account for the loan to be deposited into
- Have a steady job / source of income
- Have a valid email address
Ontario Payday Loans
A payday loan in Ontario will cost you $21 for every $100 you borrow from Money Mart for up to 14 days, and you can apply and receive your loan 100% online.
Alberta Payday Loans
A payday loan in Alberta will cost you $23 for every $100 you borrow from Money Mart for up to 14 days, and you can apply and receive your loan 100% online.
Nova Scotia Payday Loans
A $300 payday loan in Nova Scotia will cost you $75 from Money Mart for up to 14 days, and you can apply online, and have your money waiting for you in a store, but you must actually GO in person to a store to verify your ID, approve your loan in person and authorise your money transfer.
Manitoba Payday Loans
A $300 payday loan in Manitoba will cost you $51 from Money Mart and you can have it for up to 12 days.
Saskatchewan Payday Loans
A $300 payday loan in Saskatchewan will cost you $67.47 for up to 14 days.
If your repayment is returned unpaid from your bank or cheque on the date you agreed to repay your loan then in Saskatchewan Money Mart will charge you a $40 for this.
This is legally allowed to ONLY be charged once per loan, even if your repayment fails more than once.
If you do not repay the loan then you will be charged 30% per annum interest on the amount you borrowed ONLY, this means that if you borrow $300, you will be charged interest on $300 at 30% per year until the loan is fully repaid, and NOT on $367.47.
British Columbia Payday Loans
A $300 payday loan in British Columbia will cost you $69 and you can have it for up to 14 days.