8 Licensed Payday Loans & Cash Advances in Calgary

Need money in a hurry? Get the funds you need from these legit lenders.

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Tim Falk

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Leanne Escobal

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If you need money fast, a payday loan is one option. Payday loans in Calgary have lenient requirements and you can get funded as quickly as a matter of minutes, but they’re also very expensive.

We searched the Service Alberta database to put together this list of licensed payday lenders in Calgary. And if you’re looking for an affordable alternative, you can also check out the cash advance providers featured below.

⚠️ Warning: Be cautious with payday loans
High-cost payday loans are unsustainable for long-term use, with up to $14 charged per $100 borrowed. If you're experiencing financial hardship, call the Credit Counselling Society for free financial counselling (Mon–Fri, 8am–5pm at 1-888-527-8999). Also consider payday loan alternatives.

Blue Copper Capital

1. Blue Copper Capital payday loan

  • Loan amounts: $100 – $1,500
  • Cost: $14 per $100 borrowed
  • Loan terms: 42 - 62 days
  • Licence number: 330628
  • Accepts bad credit: Yes
  • Credit check required: No
  • Incomes accepted: Employment, private disability
  • e-Transfer available: Yes
  • Availability in Calgary: Online and 1 branch (203A, 5809 Macleod Trail SW)

Pros

  • No minimum income requirement
  • Get funded in a few minutes
  • Apply online or in person
  • No credit checks
  • Potential to graduate to lower-cost loans

Cons

  • Must be employed for at least 90 days to qualify
  • Loans cost $14 per $100 borrowed
  • Short repayment period

Blue Copper Capital review
KOHO

2. KOHO Cover cash advance

  • Loan amounts: $20 – $500
  • Cost: 0% + monthly fee from $2
  • Loan terms: Flexible
  • Licence number: N/A, not a payday lender
  • Accepts bad credit: Yes
  • Credit check required: No
  • Incomes accepted: No income required
  • e-Transfer available: No
  • Availability in Calgary: Online

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Pros

  • No credit checks
  • No income required to qualify
  • Pay 0% interest
  • Get funded instantly
  • Flexible repayment term

Cons

  • Monthly fee applies
  • You may also need to pay a monthly KOHO plan fee
  • Maximum loan amount of $500

KOHO Cover review
Wagepay

3. Wagepay payday loan

  • Loan amounts: $100 – $1,500
  • Cost: $14 per $100 borrowed
  • Loan terms: 42 - 62 days
  • Licence number: 359836
  • Accepts bad credit: Yes
  • Credit check required: No
  • Incomes accepted: Employment only
  • e-Transfer available: Yes
  • Availability in Calgary: Online

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Pros

  • Approves and funds loans 24/7
  • No credit checks
  • Get your money in minutes
  • No late fees
  • Option to postpone or split a repayment

Cons

  • High cost of borrowing
  • Short repayment term
  • Relatively new lender

Wagepay review

Bree

4. Bree cash advance

  • Loan amounts: $20 – $750
  • Cost: 0%
  • Loan terms: Next pay cycle (90 days max)
  • Licence number: N/A, not a payday lender
  • Accepts bad credit: Yes
  • Credit check required: No
  • Incomes accepted: Recurring income
  • e-Transfer available: Yes
  • Availability in Calgary: Online

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Pros

  • 0% interest
  • Get funded without paying any mandatory fees
  • No late fees
  • No credit checks
  • Instant funding available

Cons

  • Costs $2.99 – $45.99 for instant transfers
  • The $750 maximum may not be enough for you
  • Free funding takes one to three business days

Bree review
Nyble

5. Nyble credit line

  • Loan amounts: $30 – $250
  • Cost: 0%
  • Loan terms: 31 days, extendable
  • Licence number: N/A, not a payday lender
  • Accepts bad credit: Yes
  • Credit check required: No
  • Incomes accepted: Any as long as it’s $1,000/month
  • e-Transfer available: Yes
  • Availability in Calgary: Online

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Pros

  • Pay 0% interest
  • Instant funding available
  • No late fees
  • Could help improve your credit score
  • Free to track your credit score

Cons

  • Low maximum of $250
  • Late payments could hurt your credit score
  • Instant funding requires an $11.99 monthly membership

Nyble review
iCASH

6. iCash payday loan

  • Loan amounts: $100 – $1,500
  • Cost: $14 per $100 borrowed
  • Loan terms: 42 - 62 days
  • Licence number: 341941
  • Accepts bad credit: Yes
  • Credit check required: Yes
  • Incomes accepted: Employment, EI, child tax, ODSP, AISH, provincial disability, CPP, OAS and social assistance
  • e-Transfer available: Yes
  • Availability in Calgary: Online

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Pros

  • Get approved and funded 24/7
  • Get your money in an hour or less
  • Bad credit is OK
  • Accepts many types of income
  • 24/7 support

Cons

  • Very expensive
  • Short repayment term
  • First-time borrowers need to submit to a credit check

iCash review
Money Mart

7. Money Mart payday loan

  • Credit check required: No
  • Incomes accepted: Employment, child tax credit, EI, disability and pensions
  • e-Transfer available: Yes
  • Availability in Calgary: Online and 12+ branches

Pros

  • Apply 24/7
  • Get your loan in minutes
  • Bad credit is OK
  • Early repayment allowed

Cons

  • Payday loans are very expensive
  • Short repayment period

Money Mart review
My Canada Payday

8. My Canada Payday payday loan

  • Loan amounts: $100 – $1,500
  • Cost: $14 per $100 borrowed
  • Loan terms: 42 - 62 days
  • Licence number: 342618
  • Accepts bad credit: Yes
  • Credit check required: No
  • Incomes accepted: Employment, CCB, disability and pensions
  • e-Transfer available: Yes
  • Availability in Calgary: Online

Pros

  • Apply 24/7
  • Get your loan in minutes
  • Bad credit is OK
  • Early repayment allowed

Cons

  • Payday loans are very expensive
  • Short repayment period

My Canada Payday review

Other payday lenders in Calgary with licences

Payday lenderLicence number
Cash Bull356299
Cashco Financial328515
Cash Cowboy355363
Focus Cash Loans327008
GoDay347297
Loan Express327001
Mr. Payday326997
PAY2DAY358793
Speedy Cash326989

What are the best payday loans in Calgary?

The best payday loans in Calgary are those that are licensed, offer a convenient application process, instant funding and accept the income you have. Licensed lenders with an established presence in Canada and have received high ratings from customers include iCash, Money Mart, PAY2DAY and Mr. Payday.

That said, if you’re eligible for alternatives, such as personal loans and cash advances, those are worth exploring first.

Which payday lenders in Calgary do e-Transfer loans with no credit check?

You can get an e-Transfer loan with no credit check from the following lenders:

  • Blue Copper Capital
  • Cash Cowboy
  • Focus Cash Loans
  • Loan Express
  • Money Mart
  • Mr. Payday
  • My Canada Payday
  • PAY2DAY
  • Speedy Cash
  • Wagepay

Which payday lenders in Calgary are 24/7?

You can apply online 24/7 with the following lenders:

  • Focus Cash Loans
  • iCash
  • Loan Express
  • Money Mart
  • Mr. Payday
  • My Canada Payday
  • PAY2DAY
  • Wagepay

We couldn’t find any in-person payday lenders with branches open 24/7.

Your rights as a payday loan borrower in Calgary

  • Lenders must be licensed. Lenders must be licensed to provide payday loans in Alberta.
  • Maximum loan amount. The maximum you can borrow is $1,500.
  • Cost of borrowing. The maximum fee a payday lender can charge is $14 per $100 borrowed.
  • Maximum loan term. The loan repayment period must be 42–62 days and the loan must be repaid in at least 2 installments.
  • Early repayment allowed. You can repay your loan early without penalty.
  • No roll-overs. A lender cannot roll over a payday loan or issue any other credit if you have an outstanding payday loan.

Risks of payday loans

  • High cost of borrowing. You’ll be charged $14 for every $100 you borrow, so a $500 loan will cost $570 to repay.
  • Short repayment period. The maximum loan term is 62 days, which can make it extremely difficult to budget for your repayments. This can also result in loan APRs of more than 100%.
  • NSF fees. You could be hit with an NSF fee if you do not have enough funds in your account to cover a repayment.
  • Sketchy lenders. Loan sharks target borrowers who need urgent money. Make sure any lender you choose is licensed to offer payday loans in Alberta (check the Service Alberta database) and complies with provincial payday lending regulations.

Alternatives in Calgary that don’t involve more debt

Instead of taking out an expensive payday loan, consider these other options first:

Credit counselling

Credit counsellors offer free and confidential consultations to assess your debt situation and help you take control of your finances. Here’s where you can find free credit counselling in Calgary:

Credit Counselling Society

Address: #115, 1925 18 Avenue NE, Calgary, Alberta, T2E 7T8

Phone: 403-263-9905 or 1-888-527-8999

Website: nomoredebts.org

Money Mentors

Address: 109 Quarry Park Boulevard SE, Calgary, Alberta, T2C 5E7

Phone: 888-294-0076

Website: moneymentors.ca

Calgary assistance programs

You may be eligible to access financial support through Government of Alberta assistance programs:

  • Income Support. This program provides financial support to help you pay for basic living costs and other necessities.
  • Alberta Child and Family Benefit. This program provides financial assistance to lower- and middle-income families with children under 18, to help provide a better quality of life for their children.
  • Disability Income Assistance. The AISH and ADAP programs provide benefits to support people with disabilities.

You can get more details on government financial assistance programs by visiting ab.211.ca.

Bottom line

There are many legit lenders that offer cash advances and payday loans in Calgary. Just remember to do your research to make sure you’re dealing with a licensed payday lender or reputable cash advance provider, and consider what other financial assistance you may be eligible for before you take on any debt.

Frequently asked questions

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To make sure you get accurate and helpful information, this guide has been edited by Leanne Escobal as part of our fact-checking process.
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Tim Falk is a freelance writer for Finder. Over the course of his 20-year writing career, he has reported on a wide range of personal finance topics. Whether you're investing in stocks and ETFs, comparing savings accounts or choosing a credit card, Tim wants to make it easier for you to understand. When he’s not staring at his computer, you can usually find him exploring the great outdoors. See full bio

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