Need a payday loan in Canada? CashPicks connects borrowers with licensed lending partners across Canada. Compare loan options, review costs and terms, and explore provincial borrowing regulations before submitting your application. CashPicks is not a lender and does not provide loans directly.
Slide to choose your amount and term. No commitment, no credit check.
* Figures show the maximum legal cost under the federal flat cap of $14 per $100 borrowed. The fee is a flat cap, not a daily rate — the term sets your due date, not the fee. Maximum loan: $1,500. Maximum term: 62 days. Quebec follows separate provincial rules. CashPicks is not a lender; your actual rate is disclosed by your chosen lender before you sign.
Most applications take under 5 minutes from start to finish.
Fill out a short form with your basic info, income, and banking details. No paperwork to fax or upload.
Our system reviews your application in seconds. You'll know right away if you're approved and for how much.
Sign your agreement digitally and we'll send the money by Interac e-Transfer — often within minutes.
We research and review lenders so you can borrow with your eyes open.
Independent reviews
We assess lenders on their merits and say what we find, including the parts a borrower might not enjoy reading. No pay-to-play.
Easy comparisons
See the details that matter for each lender in one consistent format, instead of opening a dozen tabs and re-reading the same fine print.
Educational resources
Plain-language guides walk you through how payday loans work in Canada, what they cost, and the rules that protect you.
Up-to-date information
Rules and rates change. We review our listings and guides regularly and date them, so you know how fresh the information is.
Transparent research
We explain how we evaluate lenders and where our information comes from. If something is an estimate or varies by province, we say so.
Responsible borrowing guidance
A payday loan isn't always the right move. We're upfront about the risks and suggest cheaper routes when one fits your situation better.
A payday loan is a small, short-term loan meant to cover you until your next paycheque. In Canada, that usually means borrowing up to $1,500 and repaying within 62 days, often on your next payday.
Payday lending is regulated federally and by each province. Federal rules cap the cost of borrowing at $14 for every $100 — and that cap covers all fees combined, so a $300 loan can cost no more than $42. Quebec is the exception, where the rate cap means traditional payday lending generally isn't offered.
Send your details
Share your income, how you're paid, and banking details for the deposit. Most applications take a few minutes.
Get a decision
The lender reviews your application and, if approved, shows the fee, total owed, and due date before you sign.
Receive funds
Many lenders send money by Interac e-Transfer, sometimes the same day, depending on the lender and your bank.
Repay on the due date
Usually a single payment, often automatic. The fee is fixed, so paying early clears the debt but doesn't lower the cost.
Federal law caps the cost of borrowing at $14 per $100 wherever payday loans are offered. Loans generally max out at $1,500 over up to 62 days, and a dishonoured-payment fee is capped at $20. Each province adds its own protections.
Ontario
$14 / $100You can't take a new payday loan until the current one is repaid.
British Columbia
$14 / $100Two-business-day cooling-off period to cancel a loan.
Alberta
$14 / $100Loans over $300 must offer an instalment plan (min 42 days).
Saskatchewan
$14 / $100Licensed lenders only; cooling-off period applies.
Manitoba
$14 / $100Limited to 30% of net pay; only one active loan at a time.
Nova Scotia
$14 / $100Cooling-off period and provincial licensing required.
New Brunswick
$14 / $100Provincial licensing and written disclosure rules.
Newfoundland & Labrador
$14 / $100Provincial licensing and disclosure requirements.
Prince Edward Island
$14 / $100Provincial licensing and disclosure requirements.
Quebec
Not offeredA 35% annual rate cap means payday loans effectively aren't available here.
Territories (YT, NT, NU)
$14 / $100The federal cap applies; always confirm the lender is licensed.
Rules change and provinces may update their requirements. Always confirm the current cost, your loan limit, and the lender's licence with your provincial or territorial regulator before borrowing.
A quick look at licensed lenders side by side. CashPicks is not a lender — “Apply now” takes you to our partner to compare and apply.
Loan ranges and rates are advertised figures from each lender and vary by applicant, province, and credit profile. Rates are subject to change — confirm the current rate before you apply.
A payday loan is one tool, and an expensive one. Depending on your situation, one of these might cost far less.
Installment loans
Repaid over several months in smaller, scheduled payments instead of one lump sum, usually at a lower rate.
Credit union loans
Many Canadian credit unions offer small loans or lines of credit to members, often with flexible terms.
Cash advance apps
Some apps let you draw pay you've already earned for a small fee — better for a one-off gap than a recurring shortfall.
Employer advances
Some employers will advance part of your wages or run a low-cost program. It never hurts to ask payroll or HR.
Emergency assistance
Provincial and community programs can help with rent, utilities, or food. A grant beats any loan.
We want our reviews to be useful, not promotional. When we look at a lender, we weigh:
Cost
We confirm the lender stays within federal and provincial limits and flag anything about pricing borrowers should understand.
Funding times
We look at how quickly funds are typically sent and what affects that, rather than repeating a best-case ad claim.
Transparency
A good lender shows its fees, terms, and contact details plainly. We note when that information is hard to find.
Customer experience
We consider how easy the lender is to deal with, from applying to getting questions answered.
Eligibility criteria
We describe who a lender tends to serve so you don't waste time applying somewhere that isn't a fit.
Kept current
When something changes or we get it wrong, we update the page and correct it. Information you can act on.
Payday loans can help in a genuine pinch, but the cost is high and the repayment window is short. Borrowing again to cover a previous loan is how people get stuck. Before you borrow, ask: do I truly need this now, can I repay in full on the due date, and is there a cheaper option I haven't tried? If debt already feels heavy, free, confidential help is available from Credit Counselling Canada.
Real reviews from real people across the country.
"I was looking for a short-term loan, and CashPicks helped me compare several lenders in one place. The information was straightforward to understand."
"Car broke down on a Friday and my insurance wouldn't kick in until Monday. CashPicks got me $1,200 in 20 minutes. Lifesaver."
"The calculator on the site is so clear — I knew exactly what I'd owe before I even applied. No hidden surprises."
"I was nervous about applying online for the first time. The whole process was straightforward and customer support actually picked up."
"Rent was due, my paycheque was 4 days late. Got approved for $800 in literally 3 minutes. Paid it back on payday, done."
"Used a few payday loan sites before. CashPicks is by far the cleanest interface and the e-Transfer was instant."
"I appreciated that they showed me the exact fee before I signed anything. No fine print games."
"Vet bill emergency at 6am. Submitted the application from the clinic waiting room and was funded before the surgery started."
"My bank rejected me for a $500 overdraft and these guys approved me for $1,000 in five minutes. Wild."
"Repaid early and they actually adjusted the fee down. First lender I've used that does that — I'll be back if I ever need it again."
Quick, honest answers to what Canadians ask us most.
Straightforward reads on borrowing, budgeting, and making smart money moves in Canada.
Apply in 3 minutes. Get a decision in seconds. Cash in your account by tonight.
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