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You can get payday loans for up to $1500 in as little as 15 minutes! My Canada Payday is in the business of getting you your fast cash advance now!

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Unsecured Loans

What are unsecured loans?

Unsecured loans are loans that have no collateral backing them. The lender is giving out credit based on their estimation of a borrower's creditworthiness. This is exactly how payday loans work, as we lend based on the fact that you, the borrower, have a steady source of income, either from employment or from a pension.

The main difference between unsecured loans and secured loans is that if you fail to repay a secured loan, the borrower has the right to repossess the assets that backed the loan. This is what you would expect from a title loan or a mortgage, where you would be putting up the value of your vehicle or property to give the lender the confidence to extend credit.

If you have a steady source of income, My Canada Payday will probably be able to offer you a loan. The other requirements are that you be 18 or older, and live in one of the following provinces:

  • Alberta
  • BC
  • Manitoba
  • Nova Scotia
  • Ontario
  • Saskatchewan

If you meet this criteria, go fill out our online loan application form. We can get you funds fast, with a minimum of hassle.

When you're looking for a loan, it's important to be careful. Always make sure that the lender is licensed -- we are licensed with the government in every province where we operate.