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

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 $42 and $500 costs up to $70.

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.