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What is a Payday Loan?

A payday loan is short term money or instant cash received online and is paid back on your next payday. It is temporary relief during a cash crunch and is not meant to be a long term solution for debt relief.


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Why get an online payday loan?

One of the biggest advantages of an online payday loan is the application process. No longer is there a need to visit a payday loan store when you can take a few minutes to fill out the online application and find out quickly if you are approved.

Payday loans are a convenient way of borrowing money from a lending institution. The processing is easy and fast. At AdvancesPaydayLoan.ca we match consumers with our lending partners. We help to ease a temporary cash crunch by finding a responsible lender.

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Requirements

• Be 18 years of age
• Live in Canada
• Be employed
Have a valid chequing account

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Features

• Get up to $1500!
• Fast approval!
• 100% online!
• Confidential & secure!

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FAQ

• What is a payday loan?
• How much may I borrow?
• How can I apply?
• What fees are involved?

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Fees

Always upfront about loan fees. When borrowing from us you can always be assured there are no hidden fees or extra charges.

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AdvancesPaydayLoan.ca is not a lending or banking institution. It does not broker loans to lending institutions. The personal information you provide will be provided to a third party lender to provide you with a loan application and the potential to receive a loan. AdvancesPaydayLoan.ca makes no guarantees or warranties with regards to the availability of a loan or any other aspect of the terms and conditions of the lending institution. AdvancesPaydayLoan.ca is a free service. AdvancesPaydayLoan.ca may receive a commission from any lenders we introduce you to. For details, questions, or concerns regarding your loan, please contact the lending institution directly. Not all lenders can provide up to $1500. Cash transfer time may vary between lenders. We assume no responsibility for the services or information you may receive from the lender. All loans are subject to credit approval. Certain limitations apply. Payday advances should be used for short-term financial needs only, not as a long-term financial solution. Customers with credit difficulties should seek credit counselling or debt advice. Disclaimer: As a condition of extending credit, some lenders you may be matched with may run a credit check from a major credit reporting bureau. 

Terms and Conditions apply. Fees displayed are typical but cannot be guaranteed. Your actual rates may vary based on your circumstances and the lender we select. 

Alberta: Representative APR (Annual Percentage Rate of charge): Representative example: Borrow $300 for 14 days. The total charge for credit is $68.94. Interest is fixed at a rate of $22.98 per $100 loan equivalent to an annual rate of 599.12% fixed. The total repayable is $368.94. Representative APR 599.12%. The APR includes important factors such as the interest rate you must pay; how you repay the loan; the length of the loan agreement (or term); frequency and timing of installment payments; and amount of each payment. 

Ontario: Representative APR (Annual Percentage Rate of charge): Representative example: Borrow $300 for 14 days. The total charge for credit is $62.94. Interest is fixed at a rate of $20.98 per $100 loan equivalent to an annual rate of 546.98% fixed. The total repayable is $362.94. Representative APR 546.98%. The APR includes important factors such as the interest rate you must pay; how you repay the loan; the length of the loan agreement (or term); frequency and timing of installment payments; and amount of each payment. 

* Subject to approval times and lender's own policies. In most cases, funds will be deposited the same working day, if approved by 14:30. Approval may take up to 30 minutes in most cases. Loan amounts are based on consumers credit history and ability to repay loan. Not everyone will qualify.

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