Payday Loan Questions

How much may I borrow?
Loan amounts vary per lender. Average amounts are anywhere from $100 to $1,500. At their discretion, our responsible lending partners could increase your maximum loan limit. FastLoanPayday.ca is not a financial institution, rather a matching service for consumers needing a payday loan.

How can I apply for a cash payday loan?
Click here to apply and fill out the online application form. If approved, you will receive further details about finalizing your loan request. After confirmation of approval, the payday loan will be deposited directly into your chequing account.

What are the requirements for applying for a payday loan?

You are at least 18 years old
Salary paid directly into your chequing account
Currently employed receiving regular income in Canada

Does the process take long?
Customers are usually approved by our lending partners within minutes of submitting an application. There is no guaranteed time in which an applicant could be approved. Since the money is wired directly into your chequing account, you can usually have access to your funds the very next day.

Will you run a credit check?
FastLoanPayday.ca might need to verify some information with several national databases including TransUnion. It is still possible to be approved with a bad credit score or no credit score at all.

May I request more than one payday loan at a time?
No. Only one payday loan can be outstanding at any given time, however, after repaying your loan on your due date, you can request another payday loan.

What if I am self-employed?
Unfortunately, individuals that are self-employed are not eligible for a payday loan from our lending partners.

For how long may I have the money?
Each loan must be repaid on the day that you receive your next regular paycheque. Depending on your pay frequency, you can keep the loan for up to a maximum of 15 days.

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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