Payday loan guides for Canadians

Plain-language guides on payday loan costs, provincial rules, credit and safer ways to borrow, kept up to date as Canadian rules change.

Latest guides

Latest guide

Cash Advance Apps vs Payday Loans in Canada (Bree, Nyble, KOHO)

Cash advance apps usually cost less for small amounts, while payday loans cover larger sums of up to $1,500.
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Payday Loan Alternatives in Canada: 6 Cheaper Options

Several payday loan alternatives in Canada cost less than $14 per $100, especially if you need more than
Hourglass with sand running through, a reminder that timing matters

Same-Day Payday Loans in Canada: How Fast Is Fast?

Many online payday lenders approve and send money on the day you apply, though the timing depends on
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E-Transfer Payday Loans in Canada: How They Work

An e-Transfer payday loan is a regular payday loan paid out by Interac e-Transfer, so the money can
Woman going through bills and a calculator at home, worried about money

Payday Loans for Bad Credit in Canada: What to Know

Many payday lenders look at your income and bank history more than your credit score, so a low
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Payday Loan Cost in Canada: $300 and $500 Examples

A payday loan in Canada costs at most $14 for every $100 borrowed, so $300 costs up to
Two people reading through a loan agreement before signing

No Refusal Payday Loans in Canada: What the Ads Leave Out

Every licensed lender in Canada reviews an application before saying yes, so a true no refusal payday loan
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Payday Loan Rules by Province in Canada (2026)

Since January 1, 2025, one federal cost cap applies to payday loans across Canada, and each province adds

See what a payday loan would cost

Use the calculator to see the most you could repay under the federal $14 per $100 cap, before you apply.