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Viva Payday Loans
APR
35.99%
Loan Amount
$100 - $5,000
Loan Term
2 to 24 months
Turnaround Time
within 24 hours
All information about Viva Payday Loans has been collected independently by Finder. Finder is not connected with Viva Payday Loans products, and this page is not sponsored, endorsed or administered by, or associated with, Viva Payday Loans. All product names, logos, and brands have been used for identification purposes only and are property of their respective owners.

Our verdict

Viva Payday Loans says it offers fast loans of up to $5,000, but we recommend looking elsewhere.

Viva Payday Loans says it offers access to loans of $100 to $5,000. But it's worth noting that Viva Payday Loans is not a direct lender—it's a lead generation network. Once you provide your personal and financial information in an online application, Viva passes it on to third party lenders and lead networks that may be able to offer you a loan.

In this guide

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If you need an emergency loan, we recommend doing your own loan comparisons and applying directly with a legitimate, licensed lender.

Is Viva Payday Loans legitimate?

Viva Payday Loans is run by Payday Ventures Limited, a lead generation company with a registered office address in London in the UK. We don’t recommend searching for a loan with Viva Payday Loans for a few reasons:

  • Not a lender. Viva Payday Loans is a financing lead generation network, not a lender. When you provide your personal and financial information in an online application, Viva can connect you with partners in its lending network. Take note that the information you provide could be passed on to third party lenders and lead networks.
  • Not actually payday loans. In Canada, payday loans are short-term loans of up to $1,500 that may be repaid over a term of up to 62 days. Despite the name of the business, Viva Payday Loans says it offers access to loans of up to $5,000 that can be repaid over a term of up to 6 months or more.
  • Confusing terms. In the Terms and Conditions provided on the Viva website, it states in bold font that “Payday Ventures Ltd is a broker and not a lender.” But then later in the same document it states that the website operator “does not broker loans to lenders.”
  • Inconsistent loan information. Different sections of the Viva Payday Loans website mention maximum loan terms of 24, 12 and 6 months, while the representative example on the homepage uses a 48-month loan term.
  • “No refusal.” One page on the Viva Payday Loans website mentions that you can use the platform to obtain “no refusal payday loans.” However, responsible lenders will need to assess your income to determine whether you can afford to repay a loan, and promising guaranteed approval can be a sign of a loan scam. Learn more in our no refusal loans guide.
⚠️ Warning: Be cautious with payday loans
High-cost payday loans are unsustainable for borrowing over a continued period of time and are expensive as a means of longer-term borrowing. View payday costs and regulations by province here. If you're experiencing financial hardship call 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.

Legitimate alternatives to Viva Payday Loans

If you’re searching for a loan from a legitimate lender, check out these options.

1 - 4 of 4
Name Product Loan Amount Loan Term APR Turnaround Time Serviced Provinces Offer Table description
iCash Payday Loan
$100 - $1,500
7 - 62 days
Varies by province
As little as 2 minutes with Interac e-Transfer
AB, BC, MB, NB, NS, ON, PEI
24/7 instant approval and e-Transfer funding.
Same day cash up to $1,500 for car payments, rent, mortgage, home & appliance repair, and more. Income of at least $800/month required.
GoDay Payday Loan
$100 - $1,500
Up to 62 days
Varies by province
As little as 2 minutes with Interac e-Transfer
AB, BC, MB, NB, NS, ON, PEI, SK
To apply, 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.
Money Mart Payday Loan
$120 - $1,500
1 - 62 days
Varies by province
As little as 1 hour after getting approved
AB, BC, MB, NS, NT, ON, SK, YT
To be eligible, you’ll need to be at least 18 years of age with a steady source of income and a chequing account. No credit check required.
More Info
Cash Money Payday Loan
$100 - $1,500
5 - 40 days
Varies by province
As little as 15 minutes with INTERAC e-Transfer®
BC, MB, NL, NS, ON, SK
Instant decision and e-Transfer funding. Income of at least $1,000/month required.
More Info
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Maximum borrowing costs of payday loans per province
Always refer to your contract for exact repayment amounts and costs.
Province Max. cost of borrowing a $100 payday loan Cooling off period to cancel loan Max. penalty for returned cheque or pre-authorized debit
Alberta $15 2 business days $25
British Columbia $15 2 business days $20
Manitoba $17 48 hours excluding Sundays and holidays $20
New Brunswick $15 48 hours excluding Sundays and holidays $20
Newfoundland and Labrador $14 2 business days $20
Nova Scotia $15 Next business day (2 days for online loans) $40 (default penalty)
Ontario $15 2 business days $25
Prince Edward Island $15 2 business days N/A
Quebec Limit of 35% AIR N/A N/A
Saskatchewan $17 Next business day $25

What do reviews say about Viva Payday Loans?

There are limited Viva loan reviews online. Most reviews we found were on Reddit for the US version of the Viva Payday Loans platform, with reviewers commonly complaining about high interest rates and fees.

What is the Viva Payday Loans application process like?

You can request a loan through Viva Payday Loans by completing the following steps:

  1. Visit the Viva Payday Loans website.
  2. Choose your desired loan amount and loan term before selecting Request funds.
  3. Select the purpose of your loan and enter your email address.
  4. Enter your name and date of birth.
  5. Enter your credit score and indicate whether you authorize a credit check.
  6. Enter your residential address and how long you’ve lived there.
  7. Provide your rent/mortgage details.
  8. Enter your income and employment information.
  9. Read and accept the terms and conditions and privacy policy.
  10. Submit your loan request.

You’ll also need to verify your identity. Viva Payday Loans will process your application and connect you to an independent third-party lender who can fund your loan.

Eligibility requirements

Although eligibility criteria vary between lenders, Viva Payday Loans lists the following general requirements:

  • 18 years or older
  • Canadian resident with a permanent address
  • Canadian bank account holder
  • Regular monthly income of at least $1,000
  • Valid SIN

Features of Viva Payday Loans

Viva Payday Loans says it offers the following loan features to borrowers:

  • Loans of up to $5,000. Loan amounts from Viva Payday Loans range from $100 to $5,000.
  • Unclear loan terms. On its homepage, Viva Payday Loans mentions loan terms of 2 to 24 months. But on its “How to apply” page, it mentions terms of 3 to 12 months, while its “FAQ” page mentions terms of 3 to 6 months.
  • APRs of up to 35.99%. Loan APRs range from 5.99% to 35.99% for qualified customers.
  • Same-day funding. You can apply, get approved and get funded for Viva loans within 24 hours.
  • Free service. Viva Payday Loans does not charge you any fees for using its service.

What to watch out for

  • Not a lender. Viva Payday Loans is not a lender but instead connects you with lenders who are willing to work with you. If you take out a loan, you’ll be dealing with a third-party lender.
  • High cost of borrowing. The third-party lending partners of Viva Payday Loans offer loan APRs of up to 35.99%. Make sure you’re aware of the total cost of borrowing before signing a loan contract.
  • No phone number. The contact page on the Viva Payday Loans website only lists an email address, so you won’t be able to contact the provider by phone if you have any questions.
  • Limited to its network. When you apply for Viva loans, you’re limited to its network of third-party lenders. This means there may be other loan products on the market that better suit your needs.
  • No comprehensive list of lending partners. We couldn’t find a list of lenders in Viva’s partner network.
  • Credit checks. If you give permission, Viva Payday Loans partner lenders may conduct a credit check. Keep this in mind if you’re searching for no credit check loans.

Bottom line

Proceed with caution if you’re thinking of applying for a loan through Viva Payday Loans. Viva Payday Loans is not a lender, but instead connects you to other lenders, brokers and marketers in its network. We recommend looking elsewhere if you need an emergency loan. Learn more about fast, easy loans in Canada.

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