Payday Hero: Is it legit?

Is Payday Hero legit in Canada?

Payday Hero is licensed as a money lender in Quebec and also has a high-cost credit licence in that province. Its website lists phone and email contact details as well as terms of use and a privacy policy, but the address provided for the lender is a virtual office address.

Unfortunately, we were unable to find any customer reviews for Payday Hero on independent websites. We also couldn’t get the lender’s online application form to work—after providing a name, date of birth and contact details, we couldn’t get the next screen of the application form to load.

Finally, we found that some of the loan information provided across the Payday Hero website was inconsistent. For example:

• The website mentions payday loans in multiple places, but these are not traditional payday loans. Lenders cannot offer loans in Quebec with APRs of more than 35%.
• While the homepage says Payday Hero loans have an APR of 28%, an APR range of 18% to 35% is listed elsewhere on the site.
• The homepage mentions repayment terms of 60 to 90 days, but elsewhere on the Payday Hero site it mentions repayment terms of 90 to 210 days.
• One section says you can repay your loan in 1 to 10 installments, but elsewhere the site mentions a maximum of 12 installments.

This inconsistent loan information means the full features and terms of Payday Hero loans are a little unclear. If you’re thinking about applying for a Payday Hero loan, make sure you read the terms of any loan contract very carefully before you even consider signing.

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Pros and cons of Payday Hero

Pros

• No credit checks. You don’t need to complete a credit check to apply for funding, so bad credit won’t stop you from getting a loan.
• No paperwork required. Payday Hero uses instant bank verification, so you won’t need to worry about providing paperwork such as pay stubs and recent bank statements.
• Fast access to funds. Once you’re approved, you’ll receive the funds via e-Transfer in as little as an hour.
• Early repayment allowed. You can repay your loan early at any time without penalty.

Cons

• High cost of borrowing. Payday Hero loans come with APRs of up to 35%.
• Virtual office address. Payday Hero doesn’t provide a traditional physical office location, but it lists a virtual office address instead.
• Unclear loan information. There’s conflicting information across the Payday Hero website about details like loan terms and installments.
• No reviews. We were unable to find any customer reviews for Payday Hero.

What are the interest rates of Payday Hero?

Payday Hero’s terms of use state that all APRs for Quebec borrowers range from 18% to 35%. However, the lender’s homepage says loans have APRs of 28%.

An APR of 35% is the highest allowed in Quebec. So if you apply for a Payday Hero loan, you can expect it to be expensive to repay.

Related: Personal loans in Quebec

Payday Hero reviews

Payday Hero’s online presence is minimal, and without customer reviews to verify its legitimacy, it’s best to be cautious with this lender.

Site	Details
Trustpilot	N/A
Google	N/A
BBB accreditation	Not accredited
BBB rating	N/A
BBB reviews	N/A

Reviews as of August 21, 2025.

Feedback or complaints about Payday Hero on Reddit

We couldn’t find any feedback or complaints about Payday Hero on Reddit.

Am I eligible?

To qualify for a Payday Hero loan, you’ll need to:

• Be 18 years of age or older.
• Have proof of regular income.
• Provide valid proof of ID.
• Have a functional bank account.

You won’t need to complete a credit check during the application process.

How to apply for loans like Payday Hero

If you want to apply for a short-term loan online, you’ll need to provide your personal information and contact details. You’ll generally be asked to supply:

• Your name
• Your date of birth
• Your phone number and email address
• Your residential address

In Payday Hero’s case, you’ll need to provide your name, email address, phone number, date of birth and password in the first stage of the application.

Many online lenders also support instant bank verification. This allows the lender to verify your income by reviewing your bank statements electronically, removing the need for you to provide pay stubs or physical bank statements. Payday Hero requires instant bank verification as well.

Bottom line

Our research into Payday Hero raised a few concerns. While it is a licensed lender and claims to offer fast loans with no credit checks, it provides conflicting loan information on its website. We also couldn’t find any customer reviews for Payday Hero, so we recommend using caution and doing your own research if you’re thinking of dealing with this lender.