Weekend payday loans in Canada

If you find yourself short on cash, there are services you can turn to even on the weekend. Keep reading to find out where to get and how to apply for weekend payday loans in Canada.

Weekend payday loans in Canada

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Name	Product	Loan Amount	Loan Term	Interest Rate	Turnaround Time	Serviced Provinces	Offer	Table description
GoDay Payday Loan 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.	Go to site View details	Compare	loading Fetching your data...
iCASH Payday Loan 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	Get up to 20% in cash back once your payday loan is fully repaid. Conditions apply.	Same day cash up to $1,500 for car payments, rent, mortgage, home & appliance repair, and more. 24/7 instant approval and e-Transfer funding. Income of at least $800/month required.	Go to site View details	Compare	loading Fetching your data...

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Can I get a payday loan on the weekend in Canada?

Yes, there are lenders in Canada that give approval and funding on a payday loan on a weekend. You can visit a store that’s open on weekends, get approved on the spot and walk out with your funds.

You can also apply online with a payday lender that operates on a weekend. If you’re applying online, check that there’s an option to receive your funds via e-transfer as e-transfers can be sent and received 24/7 even if your bank is closed or it’s outside of business hours.

What do I need to get a weekend payday loan in Canada?

Basic requirements for online payday loan applications include the following:

• Be at least 18 years old or the age of majority in your province.
• Be a Canadian citizen or resident.
• Provide government-issued ID.
• Provide proof of recurring income.
• Have a valid bank account (make sure you have e-transfer set up).

These are the basic requirements for in-store applications:

• Be at least 18 years old or the age of majority in your province.
• Be a Canadian citizen or resident.
• Provide government-issued ID.
• Provide proof of recurring income.
• Have a working phone number.

How to compare weekend payday loans in Canada

While many weekend payday lenders offer the same features, there are some differences to watch out for, which can help narrow down your options of loans to apply for. These features include the following:

• Turnaround time. Some payday loan providers can distribute your funds soon after approval, but if the approval itself takes time, you could end up waiting longer for your money. Some lenders also operate 24/7.
• Reputation. Make sure you choose a legitimate payday lender that abides by provincial regulations and properly assesses your ability to repay a payday loan. Also, read reviews from people who have taken out a loan from them.
• Application. Lenders’ applications differ too. They might ask for references, online banking verification or a photo of yourself, or they might not. They might give an instant decision or take an hour or 2 to respond.
• In-store network. If getting a weekend payday loan at a store is important to you, check whether the lender has any convenient locations.

When can you expect to receive money?

We’ve rounded up a list of payday loan lenders and information on their approximate fund turnaround times.

Pros and cons of weekend payday loans

When should you avoid a payday loan?

• Avoid a loan you can’t repay. If you think you’ll have trouble repaying your loan, don’t take it out. Late or missed payments will lead to extra charges, costing you more money and sending you into a vicious cycle of debt.
• Avoid skimming quickly over your loan offer document. Before you accept the loan, take time to go through the terms and conditions carefully. This should give you a clear picture of the fees and charges you might be expected to pay under various circumstances.
• Avoid bad terms. If you have a loan offer that is extremely costly and full of fees, you’re under no obligation to accept the terms. There are lender-matching services that can help you find a better loan.

Bottom line

It may be possible to apply for weekend payday loans in Canada. Your best bet is to visit the local branch of a payday loan lender in person or compare and apply with an online lender.

Frequently asked questions about weekend payday loans in Canada

• Will a weekend payday loan affect my credit score?

  Generally no, weekend payday loans don’t affect your credit score in Canada. The only way your score could go down is if you miss a payment or default on the loan. Most payday loan lenders don’t report your payment history to major credit bureaus. Payday loans are often considered cash advances so they don’t impact your credit score if you pay them back on time.

  If you miss a payment, then the lender will likely report the missed payment to the credit bureaus and your credit score could go down. You can learn more about how payday loans impact your credit score in our full guide here.

• What is the difference between a direct lender and a loan matching service?

  A loan matching service does not provide loans directly. Instead, it matches your application with suitable direct lenders from its panel. This can help you to compare but your ultimate loan contract will be with the provider, not the matching service.

• What is the maximum amount I can borrow?

  Provincial or territorial regulations determine the maximum amount you can borrow alongside your credit history and credit score. Some lenders also require you work up a tiered system before you can borrow the maximum allowed amount.

• What eligibility criteria do I have to meet to apply for a weekend payday loan?

  You should be the age of majority in your province or territory, which is usually 18 years old, have a steady source of income and have the ability to repay the amount borrowed. You will also need to be a Canadian citizen or permanent resident. Each lender will have a range of income requirements and other lenders may require you to be employed.

• If I'm unemployed, can I still get a weekend payday loan in Canada?

  You may still be eligible for a weekend payday loan if you’re unemployed as long as you have some form of income that proves you can repay the loan. Payday loan lenders are less interested in your credit history and employment and are more interested in your ability to pay back what you borrow.

  Acceptable forms of income could include government unemployment benefits, welfare payments, self-employment income and investment income.

• Why haven't I been transferred my funds?

  There are a number of reasons your loan hasn’t been deposited into your bank account yet. This could be due to your bank, the lender you applied with or the fact that you haven’t been approved. Check with the company you applied with first before seeking another loan.

• Can I get weekend payday loans in Canada without a bank account?

  Possibly. Some lenders offer loans that can be deposited onto prepaid debit cards or picked up as cash in person at a branch location. Be sure to check that those lenders process applications on the weekend before you apply for the loan.