How It Works

You may be wondering... what exactly is a payday loan?
A payday loan is a small personal loan that is due to be repaid on your following payday. FastLoansPayday.ca matches consumers with responsible lenders to secure payday loan approvals.

Customers choose payday advances to cover small, unexpected expenses while avoiding costly bounced-cheque fees and late-payment penalties. It's quite simple; even if you have bad credit, payday loans are still an option for you.

Applying for a payday loan from one of our lending partners is as easy as 1-2-3!

Simply complete the online application form
A confirmation email will be sent to you regarding your application
If approved, the payday loan is deposited directly into your chequing account

Once you have been matched with one of our lending partners you will receive additional information about finalizing your loan.

Requirements to apply and be eligible for a payday loan:

You are at least 18 years of age
Living and employed in Canada
Your salary is paid directly into your chequing account

FastLoanPayday.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.FastLoanPayday.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. FastLoanPayday.ca is a free service. FastLoanPayday.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 may qualify.

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