Fast Loans

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!

My Canada Payday is rated 4.6 stars out of 5 by TrustPilot based on 764 reviews

How it Works

Fast Loans

When it comes to managing your personal finances, time matters. Chances are that you already know how timing affects your bank account from one week to the next—after all, no matter where we live or how much money we make, we all have the same deadlines! Like the electric bill is due in 13 days; the car payment automatically comes out in 10 days; the cell phone bill is due in seven, and rent is due in five (but good news, you can push it a few extra days if you need to).

It’s a delicate balancing act to juggle all of your bills, while keeping in mind that you still have to pay for those daily necessities that you literally cannot live without (you know, like food, water, and Netflix).

What happens when your paycheque is delayed and those due dates are piling up? How do you cover your bills if you get sick or injured and have to take a few days off, and your employer doesn’t offer any sick time? If your washing machine suddenly breaks down, or the ceiling in your home starts to leak, can you afford to make a last-minute repair?

If you are in a situation where you need funds quickly, there’s no question that you need a loan that is fast, convenient and dependable. Keep reading for the A-Z on what a fast loan is, where to get one, and what the process of taking out a fast loan looks like.

What is a Fast Loan in Canada?

A fast loan is exactly like it sounds—it’s a loan that offers both a quick application and disbursement process.

In comparison, traditional loans from banks tend to be much more time-consuming: you’ll fill out multiple forms and wait in line to talk with a loan officer about your rates, terms, and eligibility. And even when all that is said and done, you’ll likely wait as long as a week (or more) to actually see your loan get deposited into your account. All that time adds up!

Choosing a fast loan means opting for an application and disbursement process that happens in minutes and days, instead of hours and weeks. That’s exactly why a fast loan can be a game-changer when you need to pay an overdue bill or cover an emergency expense.


Where to Get a Fast Loan?

Not knowing where to even start looking for a fast loan can be the most stressful part of the process. And you want to make sure that you get a loan that isn’t going to lock you into a payment schedule that you can’t afford.

The best place to get a fast loan in Canada is through MyCanadaPayday. With fast loans offered online, you get the convenience of filling out an application from anywhere you have an internet connection––whether you’re sitting on the couch at home or in the middle of brunch on a weekend getaway.

Borrowing through MyCanadaPayday means that you are partnering with a truly Canadian company, not an overseas office. We love being a part of the local communities that we serve, which is why we never outsource. From our loan officers to our owners, being 100% Canadian-owned and operated means that everyone at MyCanadaPayday hails from the Great White North.

Being Canadian-owned and operated pays off in our customer support, too. Have you ever called a customer support line to get help resolving an issue or to find answers to questions, and found yourself getting more frustrated by the minute? There’s no denying that getting transferred from one representative to the next can be a huge waste of time (and energy).

With MyCanadaPayday, you’ll never have to worry. You can call our support line at any time and feel confident that you will find a friendly, helpful voice on the other end to help you through every step of the fast loan process. It’s one of the things that our borrowers love most about us—and we have hundreds of glowing reviews to prove it!

So, How Fast is the Loan?

At MyCanadaPayday, our loans are incredibly fast. Once you get an email announcing your approval and sign the lending agreement, you’ll instantly receive your funds via a secure EMT bank transfer. This gives you the peace of mind to know that your funds will be distributed directly into your account—all without any additional transfers or waiting.

We love that our customers don’t have to wait around and worry about whether their loan is going to be available. After all, you already have enough stress when it comes to managing all of the details of your personal finances, like credit card payments, utility bills, mortgages, etc. A fast loan from MyCanadaPayday should help alleviate that stress––not add to it!

What is the Fast Loan Process?

At MyCanadaPayday, our fast loan process is simple, straightforward, and—most importantly—designed to get you access to the funds you need as quickly as possible. Here’s what that looks like:

Step 1: Eligibility

In order to get a fast loan with MyCanadaPayday, all you need to do is:

  • Be at least 19 years old
  • Have at least 180 days of banking history (or 60 days for returning customers)
  • Provide proof that you have steady income from an employer or other regular income source like a pension

Step 2: Apply online

Have 15 minutes of spare time and a reliable internet connection? The next step is easy: simply fill out our online form with some basic information about yourself, your financial health, and your desired fast loan amount.

Step 3: Get approved

Our approval process is designed to be quick, so that you aren’t left in the dark wondering whether you can get the funds you need. You’ll hear back from us with approval in 30 minutes or less! Once that approval email comes through and you sign the lending agreement, you are just a few days—or minutes—away from receiving your loan.

Step 4: Fund disbursement

To make the process even faster, MyCanadaPayday disburses funds through secure EMT bank transfers. This gives you the peace of mind to know that your funds will be distributed directly into your account, all without any additional transfers or waiting.

Step 5: Pay back your loan

Everyone has different paycheque schedules, which is why we offer flexible repayment terms. You can choose to pay your loan back within 30 days or within 60—just let us know what works best for you!

For a fast loan that is flexible, reliable, and convenient, it’s easy to see why MyCanadaPayday is your best choice. Get a hold of our customer support team or take a look at our FAQs to learn more about why we are one of the top fast loan lenders in Canada!

We Lend Across Canada

We offer online payday loans across Canada. Below are the provinces we operate in, as well as some of the major cities we lend in.