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Get a $600 loan before your next paycheque

Find out how to get a $600 loan, including paycheque advance apps, overdraft and more.

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Need a $600 loan?

GoDay Payday Loan logo
  • Direct deposit of funds
  • Legitimate lender
  • APR & loan term vary by province
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While your options will depend on where you live, there are multiple ways to get a $600 loan — sometimes on the same day you apply. But keep an eye on the fees. Small-dollar loans may have an APR well above 300%.

How to get a $600 loan in Canada

Follow these steps to find the right type of $600 loan and decide on a lender:

  1. Compare all options. Consider the general costs, turnaround time and repayment terms of all options available to you before deciding how to borrow.
  2. Research lenders. Check to make sure the lender offers $600 loans and that you meet eligibility requirements before looking into factors like rates, fees, terms and customer reviews.
  3. Prequalify. After you’ve narrowed down your choices, fill out an online form to find out what rates and terms you would get with a few lenders to compare personalized offers.
  4. Complete the application. Follow your top pick’s instructions to provide additional information and documents before you apply.
  5. Get your funds. Most lenders transfer the money to your bank account within the same day you’re approved. But you might be able to get cash, a debit card, cheque or money order from a physical installment loan location.
⚠️ Warning: Be cautious with payday loans
Payday loans are expensive. If you're experiencing financial hardship call Credit Counselling Canada for free financial counselling (Monday-Friday 8:00am-5:00pm at +1 866-398-5999). Consider alternatives instead of a payday loan:
  • Local resources. Government programs and nonprofits offer free financial services and help with food, utilities and rent.
  • Debt relief companies. There are services to help you reduce your debt payments.
  • Payment extensions. Talk with bill providers about longer payment plans or due-date extensions.
  • Side jobs. Sell unwanted items online, sign up for food delivery and more.

Compare $600 loans

Name Product Loan Amount Loan Term Interest Rate Turnaround Time Serviced Provinces
Cash Money Payday Loan
$100 - $1,500
5 - 40 days
Varies by province
As little as 15 minutes with INTERAC e-Transfer
BC, NS, ON, SK
Apply for your first $300 payday loan at a $20 cost (excludes SK applicants).

You'll need to be 18 years of age or older and have a net income of at least $1,000/month. Residents of MB and NB must apply in-store for a loan.
iCASH Payday Loan
$100 - $1,500
7 - 62 days
Varies by province
As little as 2 minutes with INTERAC e-Transfer
AB, BC, MB, NB, NS, ON, PEI
Get up to 20% in cash back once your payday loan is fully repaid. Conditions apply.

To be eligible, you'll need to be at least 19 years of age and have a net income of at least $800/month deposited into your bank account.
GoDay Payday Loan
$100 - $1,500
Up to 62 days
Varies by Province
As little as 2 minutes with INTERAC e-Transfer
AB, BC, MB, NB, NS, ON, PEI, SK
To apply, you'll need to be a Canadian resident over the age of 18 with a valid email address, phone number and an open bank account with a Canadian bank or credit union.
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Maximum borrowing costs per province
Always refer to your contract for exact repayment amounts and costs as they may vary from our results.
Province Maximum allowable cost of borrowing
Alberta, British Columbia, New Brunswick, Ontario & Prince Edward Island $15 per $100 borrowed
Manitoba & Saskatchewan $17 per $100 borrowed
Nova Scotia $19 per $100 borrowed
Newfoundland and Labrador $21 per $100 borrowed
Northwest Territories, Nunavut & the Yukon $60 per $100 borrowed
Quebec Limit of 35% annual interest rate (AIR)

Where can I get a $600 loan?

There are a variety of ways to get $600 before your next payday, but some are more expensive than others.

  • Paycheque advance apps. A pay advance app — also known as a cash advance app or paycheque advance app — may be able to advance you up to 50% of your paycheque. You’re usually only charged a small monthly membership fee to use the app, and can get your money in less than three business days.
  • Bank account overdraft. Overdraft fees are typically fixed at around $5, making it an inexpensive option. But you might have to pay an additional $5 per day, week, month or item charged until you recover your balance.
  • Credit card cash advance. If you already have a credit card, you can take out a cash advance from an ATM. You’ll pay a fee of around $20 to $30 and a rate of around 19% to 24% APR.
  • Short-term loan. As a last resort, there are payday loan and installment loan providers sometimes offering $600 loans you can apply for online and get your funds often within the same day. You generally need a source of income to qualify, but watch out for high fees.

Pros

  • Multiple same-day options
  • Paycheque advance apps might be available
  • Available for bad credit borrowers

Cons

  • More expensive to repay over time
  • APRs over 300% on payday loans
  • Most options require a bank account

5 questions to ask before choosing a loan

Consider these questions before deciding which lender to go with:

  • Can I borrow from friends or family instead? This might put your relationship on the line, but it’s typically cheaper and more forgiving than any other option. You can learn more about how to ask, what to potentially expect and more by reading our guide to family lending.
  • How much will it cost? The easiest way to compare costs on a loan of this size is to compare the total dollar amount, since many options come with a flat fee.
  • How long do I have to repay? Breaking your loan into installments can give you more forgiving repayments, but it often costs more.
  • When do I need the money? Faster options tend to be more expensive. If you have some time, a paycheque advance app might offer the best deal.
  • What do customers say? Read customer reviews on sites like the Better Business Bureau and Trustpilot to learn what you might expect from the lender. Or check out our A-to-Z directory of payday loan provider reviews.

    Bottom line

    Since the high interest rates of $600 payday loans can make this option very expensive, your best bet might be using a paycheque advance app, withdrawing the funds from overdraft or getting a credit card cash advance. You can learn more about how it all works by reading our guide to short-term loans.

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