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If you apply in-store, you can qualify for your first $300 loan with no fees.
$300 - $1,500
Up to 62 days
Varies by province
If you need funds in between paycheques, you might want to consider taking out a payday loan with PAY2DAY. You can apply in-store, or you can apply online and get an e-Transfer to your bank account within 1 to 2 hours.
Just keep in mind that a payday loan will typically cost much more than a traditional loan. These loans come with very high fees, and you should only take one out if you know that you can pay it back on time. Consider looking at other debt solutions to deal with long-term financial issues before you go this route.
PAY2DAY offers payday loans up to $1,500, depending on how much income you earn. By law, you can only borrow up to 50% of your net monthly income. The fee is $15 for every $100 borrowed for both Ontario and BC. These loans typically need to be repaid by your next paycheque, which is usually within 1 to 4 weeks.
Make sure that you have enough money coming in to repay your loan so that you don’t get sucked into an unmanageable cycle of debt.
You can take advantage of a number of perks when you take out a payday loan with PAY2DAY.
PAY2DAY payday loan come with a number of disadvantages that you should think about carefully before you take one out:
|Province||Maximum allowable cost of borrowing|
|Alberta, British Columbia, New Brunswick, Ontario & Prince Edward Island||$15 per $100 borrowed|
|Manitoba, Saskatchewan & Nova Scotia||$17 per $100 borrowed|
|Newfoundland and Labrador||$14 per $100 borrowed|
|Quebec||Limit of 35% annual interest rate (AIR)|
Yes. PAY2DAY loans are available at over 30 store locations in Ontario and BC, and you can give the lender a call 24/7.PAY2DAY is a provincially licensed lender:
*As of August 2021
You’ll pay $15 for every $100 you borrow with this type of loan. The fees you’ll pay for your specific loan will be outlined in your loan contract. You can see some examples of how much you’ll have to pay in fees based on your loan amount in the table below.
To apply for a loan from PAY2DAY, you need to meet the following criteria:
PAY2DAY is a well-reviewed payday loan provider that operates in BC and Ontario. You can borrow up to $1,500 at a time depending on your income. Be sure to consider the fees on the amount you borrow before you sign onto your loan. If you think you might have trouble paying back the loan, consider other forms of financing.
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