Payday loans in Quebec may be your first stop when you need fast cash. However, the Quebec government has imposed strict restrictions on payday loans to the point where it has become largely unprofitable for payday loan companies to operate in the province as they do in the rest of Canada.
But don’t worry, there are still many options for people with all types of credit scores who need money in a hurry. This guide explores loan options to help you stay afloat between paycheques.
Access a cash advance for as low as $2 per month. Unlike traditional payday loans, KOHO provides a low-cost, flexible way to manage short-term cash needs without interest.
Accepts bad credit: Yes
Credit check: No
Speed: Immediately
Completely online process: Yes
No interest charges or late fees
No job or income requirements
Easy approval
Well-known fintech
Loan amount may be too small for some people's needs
No free option like other cash advance apps
Costs
0% + monthly fee from $2
Loan Amount
$20 – $250
Loan Term
Flexible
Credit Check
No
Turnaround Time
Immediately
Requirements
KOHO account—access higher loan amounts over time by using KOHO for everyday spending, repaying your monthly fees and using its other services
Serviced Provinces
All provinces and territories
Apple App Store Rating
4.8
Google Play Rating
4.3
Loans Canada: Loan search platform with bad credit loans
Loans Canada is an online loan search platform that allows you to compare loan offers from multiple lenders with a single application. It provides access to the largest lender network in Canada, making it quick and easy to compare loan products from dozens of providers. You can apply with bad credit.
Accepts bad credit: Yes
Credit check: No
Speed: Receive funds in as little as 24 hours.
Completely online process: Yes
Large network of lenders
Easy to compare multiple loan offers
Options for good and bad credit
High rates for bad credit
Not a direct lender
Loan Amount
$500 – $50,000
APR Range
8.99% – 35%
Loan Term
4 - 60 months
Serviced Provinces/Territories
All of Canada
Turnaround Time
Receive funds in as little as 24 hours.
Min. Credit Score
300
Fees
No application, origination or brokerage fees
Requirements
Canadian resident, age of majority in your province of residence
LoanConnect is an online loan search platform that lets you compare loan offers from 30+ lenders. After filling out a single online application, you can get matched with lenders that work with borrowers like you. You can also get pre-approved in five minutes, and there are loan options for good and bad credit.
Accepts bad credit: Yes
Credit check: No
Speed: Receive funds in as little as 24 hours.
Completely online process: Yes
Easy to compare multiple lenders
Fast pre-approval
Loan options to suit good and bad credit
High rates for bad credit
Not a direct lender
Loan Amount
$500 – $60,000
APR Range
8.99% – 35%
Loan Term
3 - 120 months
Serviced Provinces/Territories
All provinces
Turnaround Time
Receive funds in as little as 24 hours.
Min. Credit Score
300
Fees
No application, origination or brokerage fees
Requirements
Canadian citizen or permanent resident, age of majority in your province of residence, current debts must total less than 60% of your income
Designed to help you cover unexpected expenses and avoid bank account overdraft fees, Nyble provides access to an interest-free short-term loan of up to $250. You don't need a credit check to apply, and there are no late charges.
Accepts bad credit: Yes
Credit check: No
Speed: 1-30 minutes with a paid membership or 1-3 business days with a free membership.
Completely online process: Yes
No interest charges or late fees
Good for building your credit history
Fast access to funds
Loan amount may be too small for some people's needs
Relatively new provider
Costs
0%
Loan Amount
$30 – $250
Loan Term
31 days, extendable
Credit Check
No
Turnaround Time
1-30 minutes with a paid membership or 1-3 business days with a free membership.
Requirements
You must be 18 years or older and have a minimum monthly income of $1,000.
If you're looking for a cash advance in Quebec, Bree offers short-term loans of up to $500 with zero interest charges and no fees for standard three-day funding. There's a $2.99 monthly subscription fee plus a small extra fee if you want instant access to your money.
Accepts bad credit: Yes
Credit check: No
Speed: Receive funds within 5 minutes with express delivery (the fee is based on the advance amount) and within 1 to 3 business days for standard delivery.
Completely online process: Yes
Interest-free cash advance
Bad credit is OK
No late fees
$2.99 optional monthly membership fee for express funding
Loan amount may be too small for some people's needs
Relatively new provider
Costs
0%
Loan Amount
$20 – $500
Loan Term
Next pay cycle (90 days max)
Credit Check
No
Turnaround Time
Receive funds within 5 minutes with express delivery (the fee is based on the advance amount) and within 1 to 3 business days for standard delivery.
Requirements
You must have a bank account with regular income deposits and a Visa or Mastercard debit card with a CVV
Green Loans is a broker that offers online short-term installment loans of $100 to $1,000. After filling out an application form, you can get approved and funded in less than 24 hours. Bad credit is accepted, but you'll need to earn a minimum monthly income of $1,200 to qualify for a loan.
Accepts bad credit: Yes
Credit check: No
Speed: Within 24 hours
Completely online process: Yes
No credit checks required
Get funded in less than 24 hours
Very expensive
Brokerage fee of up to
Not available to self-employed workers
Loan Amount
$100 – $1,000
APR Range
22% – 35%
Loan Term
3 - 12 months
Serviced Provinces/Territories
all provinces except Manitoba
Turnaround Time
within 24 hours
Min. Credit Score
300
Fees
2.66% late fee
Requirements
• Share banking access via our secure IBV system (Instant Banking Verification) • Have a Canadian bank account open for 90+ days with online access • Be a Canadian citizen or permanent resident with a job • Be 18 or older (or provincial age of majority) • Earn at least $1,200 monthly in net income • Provide a valid phone number, email, and home address • You must not be in a bankruptcy or a consumer proposal. • You must not be planning to declare bankruptcy or a consumer proposal.
MDG Financial provides cash installment loans of up to $1,600. You can pre-qualify online without impacting your credit score. Once you're approved for a loan, the money will be deposited into your bank account within three hours.
Need a fast loan but have less-than-perfect credit? Lamina Loans offers loans ranging from $300 to $2,500 with no credit checks, and you can apply and get funded within an hour. You then have 90-210 days to pay back what you borrow, while a brokerage fee also applies and is calculated based on your loan amount.
The payday lending situation in Quebec is a little different from other provinces. The Government of Quebec limits the maximum annual interest rate on loans in the province to 35.00%. Across the rest of Canada, the criminal rate of interest is 35% APR, but payday loans are exempt from this limit.
But while there are strict interest rate restrictions in place in Quebec, some brokers and lenders of short-term loans have found a way to get around these provincial restrictions. By including a surety fee or brokerage fee of up to $300 in the loan payments, they offer loans with very high APRs.
Short-term installment loans in Quebec also have longer repayment terms than elsewhere in Canada. While regular payday loans have a maximum loan term of 62 days, in Quebec you typically have between 1 and 9 months to pay back what you borrow on a short-term loan.
High-risk loans have a 10-day cooling-off period in Quebec.
Lenders cannot ask you to sign a form that transfers your wages directly to them.
Lenders cannot offer or sell you any products or services in connection with the payday loan. For example, they can’t require you to buy loan insurance.
Can I get payday loans in Quebec with no credit check?
Yes, it’s possible to get payday loans in Quebec with no credit check from a selection of lenders who operate in the province. Instead of focusing on your credit score, these lenders want to determine if you meet other basic eligibility requirements, like having a minimum, stable income.
Examples of no credit check loans in Quebec include Nyble, Bree, KOHO and Green Loans.
Can I get no refusal payday loans in Quebec?
While you may find some lenders in Quebec who offer no refusal payday loans, you should be careful with any such lender. Legitimate lenders will thoroughly assess your finances to ensure you can afford repayments before offering you loans. If a payday loan provider advertises no refusal loans, it might be a scam. It’s always a good idea to research the legitimacy of any lender you’re considering before signing up for a loan.
While traditional payday loans aren’t allowed in Quebec, you can get instant funding through cash advance apps. Platforms like KOHO, Nyble and Bree allow you to request a small advance that’s typically delivered straight to your account within minutes. However, you’ll need to pay a fee. For KOHO and Nyble, it’s a flat monthly fee. For Bree, it’s a flat fee plus a fee for every instant transfer.
You usually have to repay this loan by your next payday, but some platforms offer renewals or extensions that allow you to roll over your balance.
Cash advance apps may have more flexible requirements as well, often accepting various types of income and borrowers with bad or no credit history.
How do I apply?
If you’re interested in applying for payday loans in Quebec, you’ll typically need to meet the following eligibility criteria:
Be at least 18 years old
Provide proof of three months of continuous employment
Show proof of address (e.g., phone bill, internet bill)
Have an active chequing account
To complete your application successfully, prepare to submit some basic information:
Personal details such as your name, date of birth, Social Insurance Number (SIN) and a valid form of ID
Contact details like your residential address, email address and phone number
Details about your employment and income
How can I tell if a lender in Quebec is legit?
Quebec has strict regulations for lenders, with a maximum allowable annual interest rate of 35.00% on all loans. Look for the following signs to make sure you’re working with a legitimate lender.
The lender follows rate and fee regulations. Stay away from lenders that don’t follow the 35.00% annual interest rate maximum.
The lender doesn’t allow roll-overs or multiple loans. Quebec law doesn’t let payday lenders give out multiple loans or allow borrowers to pay off a payday loan with another payday loan.
The lender provides contracts in your language. If you and your lender communicate in English, your contract must be in English. If you both communicate in French, the contract must be in French.
Other options to consider instead of short-term loans
Since Quebec payday loans are hard to come by, here are some other options you may want to consider:
Quebec assistance programs
Quebec has some programs that can help lower the costs of everyday expenses for some residents and newcomers who are struggling to make ends meet.
Social Assistance provides last-resort financial assistance to individuals whose capacity for employment is severely limited and whose financial situation makes it impossible to cover their basic needs.
The Family Allowance payment provides financial assistance to low-income families with one or more dependent children.
The Resettlement Assistance Program provides financial assistance for refugees and protected persons. Funds can be used for accommodation, essential clothing, household effects and living expenses.
Disability benefits under the Quebec Pension Plan help disabled people who are in financial need pay for living expenses like food and housing.
Local financial institutions
Some credit unions and local banks offer short-term financing for a fraction of the cost of regular payday loans. Other financial institutions also offer credit builder loans, which come in small amounts and can help you improve your credit score by reporting every on-time repayment you make to credit bureaus. Once you build up your credit score, you might qualify for much more competitive and affordable financial products.
Credit counselling
If you’re struggling with your personal finances, you might want to consider enrolling in a credit counselling program to help you make a budget and manage your debt. Find out where to get free credit counselling in Canada.
If you find yourself in need of emergency cash, a payday loan in Quebec will be hard to get due to strict regulations. Many online and private lenders offer short-term installment loans, but these often come with hefty fees that result in high loan APRs.
So before you consider applying for a loan, consider other forms of financial assistance, using your credit card or borrowing money from friends and family to make ends meet between paycheques.
Frequently asked questions
Yes, payday loans are legal in Quebec, but lenders must abide by very strict regulations to operate in the province. Severe payday loan restrictions in Quebec have made it unprofitable for many providers who operate in other parts of Canada to operate in Quebec.
You can file a complaint with Consumer Protection Quebec if you suspect that a lender is operating illegally. Lenders that are found to be violating provincial law could face legal consequences, which could include getting licences revoked, paying penalties and settling with customers who have filed civil actions.
Quick loans in Quebec are available from a number of online and private lenders. These lenders offer short-term installment loans from around $300 to $1,500. Loan terms range from 3 to 6 months. Many offer no credit check loans and will consider your income and employment instead to determine whether you can afford loan repayments. However, high interest rates and fees often apply.
No, traditional payday loans aren't available in Quebec due to strict provincial regulations, even via e-Transfer. However, you can access small cash advances through apps such as KOHO, Nyble and Bree. These platforms allow you to receive funds via e-Transfer directly to your bank account, providing a fast and cheap alternative to payday loans.
Tim Falk is a freelance writer for Finder. Over the course of his 15-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.
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