Finder is committed to editorial independence. While we receive compensation when you click links to partners, they do not influence our content.

Find a payday loan provider in this A-to-Z directory

Browse through our list of payday loan providers available in Canada.

Whether you’re looking to borrow just $100 to last you until your next payday or $500 to be repaid by the end of the month, finding a quality payday loan provider could help you get the quick cash you need. The list of payday loan companies below will help guide your search. Plus, you can click on a provider in the list to read our full review.

⚠️ Warning: Be cautious with payday loans
Payday loans are expensive. If you're experiencing financial hardship and would like to speak to someone for free financial counselling, you can call Credit Counselling Canada from 8:00am to 5:00pm Monday to Friday at +1 866-398-5999. Consider alternatives before applying for a payday loan:
  • Local resources. Government agencies, nonprofits and local charities may offer free financial services and help with food, utilities and rent for those in need.
  • Debt relief companies. These services can help you find a solution to reduce your debt payments and work toward becoming debt-free.
  • Payment extensions. Talk with your bill providers about a longer payment plan or extension on your due date if you're behind on payments.
  • Side jobs. Today's digital marketplace offers the ability to more easily sell unwanted items, sign up for food delivery or drive for rideshare services.

Compare payday loan companies

Check the websites of any payday loan providers you’re interested in to confirm they operate in your province or territory of residence.

Name Product Max. Loan Amount Serviced Provinces Turnaround Time Loan Term Interest Rate
Cash Money Payday Loan
British Columbia
Nova Scotia
In as little as 15 minutes with INTERAC e-Transfer® if approved
14-40 days (varies by province)
Varies by province
Apply for your first $300 payday loan at a $20 borrowing cost (excludes Saskatchewan applicants). Residents of Manitoba and New Brunswick cannot apply for a loan online (must apply in-store).
iCASH Payday Loan
British Columbia
New Brunswick
Nova Scotia
In as little as 2 minutes with INTERAC e-Transfer if approved.
14 - 62 days (varies by province)
Varies by province
Get up to 20% in cash back once your iCASH Payday Loan is fully repaid. Conditions apply.
GoDay Payday Loan
Alberta, British Columbia, Manitoba, New Brunswick, Nova Scotia, Ontario, PEI, Saskatchewan
In as little as 2 minutes with INTERAC e-Transfer if approved.
Up to 62 days
Varies by Province
To apply for a GoDay payday loan, 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.

Compare up to 4 providers

Maximum borrowing costs
You should always refer to your loan agreement for exact repayment amounts and costs as they may vary from our results. The table below shows the maximum allowable cost of borrowing under a payday loan for each province:
Province Maximum allowable cost of borrowing
Alberta $15 per $100 borrowed
British Columbia $15 per $100 borrowed
Manitoba $17 per $100 borrowed
New Brunswick $15 per $100 borrowed
Newfoundland and Labrador $21 per $100 borrowed
Northwest Territories, Nunavut & the Yukon $60 per $100 borrowed
Nova Scotia $19 per $100 borrowed
Ontario $15 per $100 borrowed
Prince Edward Island $25 per $100 borrowed
Quebec Limit of 35% annual interest rate (AIR)
Saskatchewan $17 per $100 borrowed

What are payday loans?

A payday loan is a loan that typically ranges from $100 up to $1,500, and generally paid back when you receive your paycheque – hence the term “payday loan”. These loans are sometimes called “cash advance loans” by some payday loan providers.

Finding a reputable payday loan company In Canada, payday loans are regulated under individual laws and restrictions in each province –but beware: not all provinces have the same legislation

What are the payday loan regulations in my province or territory?

Hover over your province in our interactive map to see if payday loans are regulated on the provincial or territorial level and the maximum cost per amount borrowed – darker shades correspond with a higher cost. You can also click on a province or territory to see our article discussing payday loan options there.

5 alternatives to payday loans

With payday loan APRs reaching as high as 350%, it’s important to consider alternatives when you’re in need of some extra cash to fill in the budget gap. You could save a lot of money in the long run by going with one of these five alternative payday loan options.

  1. Pay advance apps. You may be able to get an advance on the salary you’ve already earned at little or no charge through pay advance apps like Branch and PayActiv — sometimes as soon as the same day.
  2. Employer paycheque advance. Some companies offer paycheque advances to employees — regardless of your credit history — often at a lower cost than a payday loan.
  3. Payday alternative loans (PALs). Some credit unions offer PALs between $200 and $1,000 to all credit types. APRs are capped terms range from one to six months. But you’ll likely need to be a member of the credit union for at least a month to qualify.
  4. Ask a family member or friend. Although it may hurt your pride, borrowing a small amount of money from a friend or family member could be one of the most affordable alternatives to payday loans since you likely won’t be charged interest. However you should focus on repaying your friends or relatives as soon as possible, since finances can easily ruin relationships.
  5. Consider a credit card cash advance. Because of its high APR, a credit card cash advance isn’t the cheapest payday loan alternative. But depending on the restrictions in your province or territory, it might still be cheaper than getting a payday loan. The other advantage to using a credit card cash advance is that you’ll have more time to pay it off than a payday loan.

Compare even more alternatives to payday loans

More guides on Finder

Ask an Expert

You must be logged in to post a comment.

Go to site