9 Payday Loans & Cash Advances in Hamilton, Ontario

If you’re short of cash, a payday loan offers an easy way to access money fast. But payday loans are extremely expensive, and the good news is that they’re not your only option for short-term loans.

In this guide, we’ll compare popular cash advance apps and payday loans in Hamilton so you can find the best loan for your needs.

Cost	Loan Amount	Loan Term	Serviced Provinces
iCash
iCash Payday Loan	$14 per $100 borrowed	$100 - $1,500	7 - 62 days	AB, BC, MB, NB, NS, ON and PEI	Go to siteView details Compare product selection Compare	loading	Why we like it iCash is a reputable and established lender that offers instant payday loans in Hamilton, but it's online only. You can apply through its website or app, and you can get your loan approved and funded at any time of day or night. If you're approved, you'll get your money via e-Transfer in a matter of minutes. Pros & cons Pros Deal with an established lender Bad credit is OK Loans funded 24/7 24/7 customer support 4.7/5 based on 2,900+ Trustpilot reviews Cons Your loan will cost $14 per $100 borrowed Short repayment term Credit check for your first loan application
Wagepay
Wagepay Wage Advance Loan	$14 per $100 borrowed	$100 - $1,500	Up to 62 days	BC, AB and ON	View details Compare product selection Compare	loading	Why we like it Wagepay is a relatively new arrival to the Canadian market, but it's a competitive offering if you're searching for payday loans in Hamilton online. Wagepay approves and funds loans 24/7, with money distributed via e-Transfer so you can take advantage of fast access to funds. There are no credit checks required either, so bad credit or no credit won't stop you from getting a loan. Pros & cons Pros Provides instant payday loans in Hamilton Apply online or via an app Get funds within minutes No late fees Cons BC, Alberta and Ontario only Very expensive Short repayment period
PAY2DAY
PAY2DAY Payday Loan	$14 per $100 borrowed	$300 - $1,500	Up to 62 days	ON, BC, NS, AB	View details Compare product selection Compare	loading	Why we like it PAY2DAY offers instant payday loans in Hamilton. You can apply for a loan online or in-store, and bad credit won't stop you from getting funded. If you're approved for funding, your funds will be sent out via e-Transfer within one to two hours. Best of all, PAY2DAY approves and funds loans 24/7, so you can get your hands on emergency cash whenever you need it. Pros & cons Pros Get a loan at any time 24/7 customer support No credit checks Accepts some types of non-employment income 4.9/5 stars based on 8,300+ Trustpilot reviews Cons Very expensive You only have a short time to repay
Cash 4 You
Cash 4 You Payday Loan	$14 per $100 borrowed	$120 - $1,500	Up to 62 days	ON and BC	View details Compare product selection Compare	loading	Why we like it Cash 4 You offers in-store and online payday loans in Hamilton, and it also offers installment loans. You don't need perfect credit to qualify for either loan. You can borrow up to $1,500 with a payday loan or up to $20,000 with an installment loan, and you can get approved within minutes of applying. Cash 4 You payday loan funds are delivered promptly via e-Transfer. Pros & cons Pros No credit check for payday loans Same-day funding Installment loan can help you build your credit history 4.9/5 stars based on 23,000+ Trustpilot reviews Cons Expensive borrowing option Short repayment term Credit check required for installment loan
Money Mart
Money Mart Payday Loan	$14 per $100 borrowed	$100 - $1,500	1 - 62 days	AB, BC, NS, ON, SK and MB	View details Compare product selection Compare	loading	Why we like it If you're searching for installment or payday loans in Hamilton, Money Mart has got you covered. This well-known lender offers the convenience of applying in store or online, and it specializes in loans for people with fair to bad credit. You can borrow up to $1,500 with a payday loan or up to $25,000 with an installment loan, with instant funding available if you need money fast. Money Mart has at least six locations in Hamilton, which is the highest for payday lenders in this city. Pros & cons Pros Get your money the same day Bad credit is OK No fee for early repayment 4.7/5 stars based on 6,000+ Trustpilot reviews Cons Payday loans cost $14 per $100 borrowed Short repayment terms for payday loans High APR on installment loans
Money Direct
Money Direct Payday Loan	$14 per $100 borrowed	$100 - $1,500	7 - 62 days	BC, ON, NS	View details Compare product selection Compare	loading	Why we like it Money Direct offers payday loans in Hamilton online and in store. It only takes a handful of minutes to apply, and you'll typically need to repay what you borrow by your next payday. The lender also offers other financial services in store, such as cheque cashing and international money transfers. Pros & cons Pros Bad credit is OK Simple application process Convenient Hamilton store location Cons High cost of borrowing Short repayment term Limited customer reviews

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Payday loans are not your only option in Hamilton. Cash advance apps also offer emergency funding for all credit, and they can be a more affordable option.

Finder Score	Costs	Loan Amount	Loan Term
KOHO
8.7 Great KOHO Cover	8.7 Great	0% + monthly fee from $2	$20 - $250	Flexible	$75 REWARD Go to siteView details Compare product selection Compare	loading	Why we like it KOHO Cover is a cash advance service that offers an affordable alternative to instant payday loans in Hamilton. Sign up for the service for a small monthly fee, and you can get instant access to a cash advance of up to $250. There is no interest charged on the funds you borrow, and you have the flexibility to repay your advance at any time. Pros & cons Pros No credit checks No income required to qualify No interest charges or late fees Convenient short-term loan option Cons Maximum advance of $250 KOHO Cover monthly fee starting at $2 Monthly KOHO plan fee may also apply
Bree
8.8 Great Bree Early Pay	8.8 Great	0%	$20 - $750	Next pay cycle	Refer a friend and get a $20 credit limit increase on your next withdrawal. T&Cs apply.	Go to siteView details Compare product selection Compare	loading	Why we like it If you need some extra cash to help you avoid bank account overdraft fees, Bree offers interest-free cash advances of up to $750. It's easy to sign up online by providing your personal details and linking your bank account, and there's no need to pass a credit check to qualify for funding. Best of all, you get an instant decision, and you don't have to worry about paying interest on the funds you borrow. Pros & cons Pros 0% interest Sign up in minutes Bad or limited credit is OK Larger loan amount than other cash advance apps 4.8/5 based on 8,500+ Trustpilot reviews Cons $750 may not be enough for your needs Monthly subscription fee and transfer fee for instant transfers Free transfers take up to three business days
Nyble
9.3 Excellent Nyble Credit Line	9.3 Excellent	0%	$30 - $250	31 days, extendable	Use code CFIND1J to get 500 extra points and a $5 higher approval. T&Cs apply.	Go to siteView details Compare product selection Compare	loading	Why we like it Most payday lenders and cash advance apps don't report your payment history to the credit bureau, but Nyble does. So when you make on-time payments to repay your interest-free cash advance of up to $250, you can build credit. There are no credit checks to worry about, and you can apply for funding online or via a mobile app in a matter of minutes. Pros & cons Pros Instant funding available Use it to build credit No interest charges or late fees 4.8/5 stars based on 9,200+ Trustpilot reviews Cons Small maximum loan amount may not suit your needs $11.99 monthly fee for instant funding Missing a payment could hurt your credit score

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Which payday lenders offer online payday loans to Hamilton borrowers?

There are plenty of options to choose from if you’re searching for payday loans in Hamilton online. You can apply with:

• Cash 4 You
• iCash
• Money Direct
• Money Mart
• PAY2DAY
• Wagepay

These lenders allow you to apply online in minutes and typically use instant bank verification (IBV) to verify your income. Some lenders also offer quick and easy loan applications via their own mobile apps.

If you’re approved, you’ll receive your loan amount by e-Transfer or direct deposit.

Which payday lenders have in-person locations?

If you’re searching for payday loans in Hamilton, Ontario, that allow you to apply in person, several options are available, which we list below. We visited the Ontario registry to make sure they’re licensed.

Which payday lenders in Hamilton don’t perform credit checks?

While most payday lenders don’t conduct credit checks, some do. So if you’re searching for payday loans in Hamilton with no credit check, consider the following lenders:

• Cash 4 You
• Money Direct
• Money Mart
• PAY2DAY (learn more about loans like PAY2DAY)
• Wagepay (learn more about loans like Wagepay)

Instead of checking your credit score, these lenders will assess your income and employment situation. If they’re satisfied that you will be able to afford your loan repayments, your application will be approved.

Which lenders provide 24/7 instant funding?

If you’re searching for instant payday loans in Hamilton, iCash and PAY2DAY can help. Both lenders approve and fund loans 24 hours a day, 7 days a week, and both offer funding within minutes via e-Transfer.

If a cash advance is a better fit for your needs, Nyble, Bree and KOHO all offer instant funding 24/7. You’ll need to pay a monthly fee with Nyble and Bree to get an instant transfer—otherwise it will take up to three business days to get your advance—while a fee always applies for KOHO Cover.

How do I make sure a payday lender is licensed to operate in Hamilton?

Lenders must hold a payday lending licence to be allowed to offer payday loans in Ontario. You can check if a lender is licensed by searching the Government of Ontario database. The lender should display their licence in store and on their website. You can also check the lender’s business name registration details on the Ontario Business Registry.

There are a few other steps you can take to make sure you’re dealing with a legit lender:

• Check customer reviews on independent sites like Trustpilot or BBB
• Make sure the lender abides by payday loan regulations in Ontario.
• Watch out for signs that could indicate a scam, such as high-pressure sales tactics or requiring you to pay an upfront fee.

What are the payday loan regulations in Hamilton?

You can take out payday loans in Hamilton, Ontario, of up to 50% of your net income, with a maximum loan amount of $1,500.

There’s also a limit on how much your loan will cost. The maximum amount a lender can charge you is $14 for every $100 borrowed. So if you take out a $750 loan, it will cost you $855 to repay.

Payday loans in Hamilton have a maximum loan term of 62 days. And if you take out a loan but then decide to cancel it, you have a cooling-off period of two business days in which to do so.

Where can I get financial assistance in Hamilton?

If you’re struggling with debt, there is help available. A credit counsellor can assess your financial situation and help you put together a plan to get out of debt and get your finances back on track. And the good news is that some non-profit agencies across Canada offer free credit counselling.

The Credit Counselling Society offers free credit counselling services in Hamilton. Sessions are confidential, and a trained counsellor can provide you with advice tailored to your unique financial situation.

Credit Counselling Society Hamilton

• Located in: Highrise 1
• Address: 20 Hughson St S Suite 906, Hamilton, ON L8N 4H3
• Phone: (905) 538-5035
• Website: Credit Counselling Society

One-on-one financial counselling and group education sessions from Money Matters are also available at the Hamilton Neighbour to Neighbour Centre. A counsellor can help you with tasks like making a budget, negotiating debt repayments with creditors, modifying spending habits and more.

Neighbour to Neighbour Centre

• Address: 28 Athens Street, Hamilton, ON, L9C 3K9
• Phone: 905-574-1334 x207
• Website: Money Matters Financial Counselling

Bottom line

Payday loans in Hamilton are a popular choice when you need cash to cover an emergency expense, but they’re not your only option. Cash advance apps offer an affordable alternative to payday loans, so compare all your loan choices before deciding where to borrow money.

Frequently asked questions

• Should I choose a cash advance app or a payday loan?

  It depends on your borrowing needs. If you're looking for the cheapest way to borrow, a cash advance app is the better choice. But if you want to borrow a larger amount of money than $250 or $750, which is where cash advances max out, you can borrow up to $1,500 with a payday loan. Just be aware that payday loans are very expensive and have short loan terms, so this can make it difficult to budget to repay your loan.

• How long does it take to get a payday loan?

  Approval and funding times vary between lenders, but many offer same-day funding. In some cases, you can apply online, get approved and get your funds via e-Transfer in a matter of minutes.

• Which app gives a loan instantly in Canada?

  Cash advance apps like Nyble, Bree and KOHO provide instant small loans for a fee. Some payday lenders also offer funding within minutes via a mobile app. Payday loan apps include iCash and Wagepay.

• Which cash advance app is best?

  It all depends on your borrowing needs. For example, you might pick Bree if you want the largest loan amount, KOHO for flexible repayments, or Nyble if you want to build credit. Check out our Nyble vs Bree vs KOHO guide to get a better idea of which app is right for you.

To make sure you get accurate and helpful information, this guide has been edited by Leanne Escobal as part of our fact-checking process.

Written by

Tim Falk

Writer

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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