When you’re hit with an unexpected bill and might not have the funds to pay for it, a payday loan is a popular and easy way to get your hands on some extra cash. But payday loans in Saskatoon are very expensive, and they’re not your only option if you need a small, short-term loan.
Cash advance apps like KOHO, Bree and Nyble offer a much more affordable way to borrow. Keep reading to compare cash advance apps and online payday loans in Saskatoon and find a loan that’s right for you.
⚠️ Warning: Be cautious with payday loans
High-cost payday loans are unsustainable for long-term borrowing, with up to $14 charged per $100 borrowed. If you're experiencing financial hardship, consider calling Credit Counselling Canada for free financial counselling (Monday-Friday 8:00am-5:00pm at +1 866-398-5999). You may also want to consider payday loan alternatives.
With a KOHO Cover cash advance, you can get instant access to up to $250. Bad credit won’t stop you from getting funded, and you also don’t need to meet a minimum income requirement to qualify. The money you borrow is immediately available through the KOHO app or from an ATM, and you can repay your advance at any time with no interest charges to worry about.
Get money instantly
No credit checks or income requirement
No interest charges
Repay at any time
Maximum cash advance of $250
Monthly subscription fee for KOHO Cover
Monthly KOHO plan fee may also apply
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
Speedy Cash has been providing payday loans in Canada since 1998. You can apply online or visit the lender’s Saskatoon store in person, and you won’t need to pass a credit check to qualify for funding. If you’re approved, you can get your money by e-Transfer the same day, sometimes in as little as one hour.
Bad credit is OK
Apply online or in store
Get funded the same day
4.4/5 stars based on 10,000+ Trustpilot reviews
Expensive to repay
Short repayment period
Loan Amount
$200 – $1,500
Loan Term
Up to 62 days
Cost
$14 per $100 borrowed
Serviced Provinces
All provinces except Quebec and PEI
Speed
Same day approvals, often within minutes and funding within 30 minutes after approval
Credit Check
Yes
Requirements
One piece of government issued photo ID Blank personal cheque and/or pre-authorized debit form 60 day bank statement from date of application Proof of address Most recent pay stub Loan availability and loan amounts vary by location.
Cashco Financial offers two options to borrowers in Saskatoon. The first is a payday loan, which Cashco offers with instant approval and no credit checks. The second is a personal loan known as the Flex Loan, which provides larger amounts, same-day funding, and the potential to build credit. Both loans are available to people with good or bad credit.
Choose a personal or payday loan
Bad credit is OK
Fast access to funds
Flex Loan payments are reported to the credit bureau
Payday loans are expensive and have short repayment periods
When you apply for a cash advance of up to $500 from Bree, you can get funded for free. There are no interest charges to worry about, and transfers are free as long as you don’t mind waiting up to three business days to get your money. Instant transfers are available if you need fast access to cash and are happy to pay fees, and bad credit won’t stop you from getting funded.
Get a cash advance without paying any fees
No interest charges
No credit checks
Instant decisions
4.8/5 based on 6,700+ Trustpilot reviews
$2.99 monthly fee if you want instant access to funds
Extra fee applies to every instant transfer
Maximum loan amount of $500 won’t suit everyone
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
A small, 0% interest line of credit that could help you improve your credit score—that’s what you can expect when you apply for funding from Nyble. Credit lines of up to $250 are available, and you won’t need to pass a credit check or jump through any complicated hoops to qualify for funding. There are no late fees to worry about either, and Nyble reports your payment history to the credit bureau to help you build credit.
Apply in minutes
No interest charges or late fees
Could help you improve your credit score
Instant funding available
4.8/5 stars based on 8,100+ Trustpilot reviews
Low maximum loan amount of $250
Late payments could hurt your credit score
Monthly fee if you want an instant transfer
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.
Saskatchewan-based Cashmate offers payday loans in Saskatoon with no credit check. You can apply for a loan online in a matter of minutes and enjoy fast access to your funds. Your loan repayment will then be automatically debited from your bank account on the due date, but you also have the option to pay it back early without penalty.
Cash Money has been providing loans to Canadians since 1992. It offers instant payday loans in Saskatoon, with the option to apply online or at its two Saskatoon stores. You can get pre-approved online without it impacting your credit score, and if you decide to take out a Cash Money payday loan, you can get funded in as little as 15 minutes.
Established lender
Instant decisions
Fast access to funds
4.4/5 stars based on 7,700+ Trustpilot reviews
Very expensive
Short repayment term
Loan Amount
$100 – $1,500
Loan Term
5 - 40 days
Cost
$14 per $100 borrowed
Serviced Provinces
BC, MB, NL, NS, ON, SK
Speed
As little as 15 minutes with INTERAC e-Transfer
Credit Check
Yes
Requirements
- ID showing you're 18 years or older - Min. net income of $1,000/month - Valid bank account with online banking - Address, email and phone number
Money Mart offers installment loans as well as instant payday loans in Saskatoon. You can borrow up to $25,000 with an installment loan, then repay it over a term ranging from 6 months to 7 years. If you opt for a Payday Boost instead, which is the brand name for their payday loan, you can borrow up to $1,500 and get it sent to your bank account within 24 hours. You also have the option to repay your loan early without penalty.
Get funded in as little as 24 hours
Bad credit is OK
Apply online or in store
Choice of loan options
4.7/5 stars based on 6,000+ Trustpilot reviews
Short repayment period
High cost of borrowing
Loan Amount
$100 – $1,500
Loan Term
1 - 62 days
Cost
$14 per $100 borrowed
Serviced Provinces
AB, BC, NS, ON, SK and MB
Speed
As little as 1 hour after getting approved
Credit Check
Yes
Requirements
- Be at least 18 years old - Have a valid ID - Have a chequing account - Have a steady source of income
What are the payday loan regulations in Saskatoon?
The maximum amount a lender can charge you when you take out a payday loan in Saskatchewan is $14 for every $100 borrowed. So if you borrow $500, it will cost you $570 to repay.
You can borrow up to $1,500, up to a maximum of 50% of your take-home pay. There’s also a cooling-off period of the next business day if you decide to cancel your loan, and the maximum loan term is 62 days.
Finally, lenders must be licensed to offer payday loans in Saskatchewan, so make sure your lender is licensed before you apply.
If you’re looking for instant payday loans in Saskatoon, you have two options:
Apply online. Some lenders approve and fund payday loans 24/7.
Visit a payday loan store in person. If your lender operates physical branches, you can walk into a store to get a loan.
You’ll need to provide your personal information, contact details and proof of ID to apply for a loan. If applying online, you will also usually need to agree to instant bank verification (IBV), which allows the lender to electronically review your bank statements and confirm your income.
If you choose an online payday loan, your funds will be sent out within minutes by e-Transfer. If you apply in store, you will also have the option to receive your loan as cash.
Which payday lender has in-person locations in Saskatoon?
You have a few options to choose from if you want to apply for a payday loan in-person. Check out the table below for details of payday lenders that operate branches in Saskatoon.
Which payday lenders in Saskatoon don’t perform credit checks?
You have multiple options to choose from if you’re looking for payday loans in Saskatoon with no credit check. The following lenders do not conduct credit checks when assessing your application:
Rather than worrying about your credit score, these lenders will assess your income to determine whether you can afford to repay your loan.
How do I make sure a payday lender in Saskatoon is legitimate?
The most important thing you need to do to check whether a payday lender is legit is to search for them in the Saskatchewan Financial and Consumer Affairs Authority’s licensing database. Remember, lenders must be licensed to offer payday loans in Saskatchewan—so if you can’t find a lender in the database, look elsewhere for a loan.
There are a few other steps you can take to ensure that you borrow from a trusted company:
Check reviews from customers on independent sites like Trustpilot or BBB.
Check if the lender complies with Saskatchewan payday loan regulations.
Make sure you can spot the red flags that could indicate a payday loan scam.
Are there alternative lenders that offer bad credit personal loans in person?
Yes, you can get a bad credit personal loan in person in Saskatoon. Check the table below for details of lenders with one or more branches in Saskatoon.
Where can I get help with my finances in Saskatoon?
Before you resort to a payday loan or take on any more debt, why not seek credit counselling to get help with your finances? You can access counselling for free, and a credit counsellor will take the time to assess your financial situation and offer advice on how you can take control of your debt and get back on track.
The Credit Counselling Society offers free credit and debt counselling services in Saskatoon. The society is a non-profit service and can help you find the best solution for your financial situation. Check out its Saskatoon contact details below.
Located in: The Two Twenty
Address: 220 20th St W Suite 105, Saskatoon, SK S7M 0W9
Phone: (306) 500-8104
Bottom line
There are several legit lenders worth checking out if you’re looking for payday loans in Saskatoon. But if you’re looking for a more affordable option than a payday loan, consider applying with a cash advance app.
Ultimately, make sure you compare a range of borrowing options before deciding where to apply.
Frequently asked questions
Saskatoon payday lenders have lenient eligibility criteria, so it’s generally easy to qualify for a loan.
However, be wary of lenders that promise “guaranteed” approval. A reputable lender will first need to check your income to see whether you can afford a loan before they can approve your application, so advertising guaranteed online payday loans in Saskatoon could be a sign of a scam. Make sure you check that a lender is licensed and legit before you apply.
Funding times vary between lenders, but the fastest lenders can approve and fund your loan in a matter of minutes. Lenders often use online bank account verification and automated approval systems to speed up the process, with loan funds typically sent out via e-Transfer.
Both options have their pros and cons. If you’re looking for the cheapest way to borrow money, go with a cash advance app. Cash advances come with no interest and low or no fees, while payday loans cost $14 for every $100 borrowed. Cash advances also offer more flexibility when it comes to repayments.
The main downside of cash advances is that they have low maximum amounts of $250 to $500. So if you want to borrow a larger amount, you can access up to $1,500 with a payday loan.
Yes. Several payday lenders offer e-Transfer payday loans in Saskatoon. Speedy Cash, Cash Money and Money Mart are three lenders that fund loans via e-Transfer.
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.
See full bio
Tim's expertise
Tim
has written
511
Finder guides across topics including:
Find out what loans you can apply for after bankruptcy.
Advertiser disclosure
Finder.com is an independent comparison platform and information service that aims to provide you with the tools you need to make better decisions. While we are independent, the offers that appear on this site are from companies from which Finder receives compensation. We may receive compensation from our partners for placement of their products or services. We may also receive compensation if you click on certain links posted on our site. While compensation arrangements may affect the order, position or placement of product information, it doesn't influence our assessment of those products. Please don't interpret the order in which products appear on our Site as any endorsement or recommendation from us. Finder compares a wide range of products, providers and services but we don't provide information on all available products, providers or services. Please appreciate that there may be other options available to you than the products, providers or services covered by our service.
We update our data regularly, but information can change between updates. Confirm details with the provider you're interested in before making a decision.
How likely would you be to recommend Finder to a friend or colleague?
0
1
2
3
4
5
6
7
8
9
10
Very UnlikelyExtremely Likely
Required
Thank you for your feedback.
Our goal is to create the best possible product, and your thoughts, ideas and suggestions play a major role in helping us identify opportunities to improve.
