My Canada Payday is rated 4.6 stars out of 5 by TrustPilot based on 764 reviews
It only takes 5-10 minutes to get a payday loan with us. First off, fill out the online application form. Finally securely upload your online banking using Inverite.
We'll check your loan application and you'll receive the decision right away. After approving your application, we send you a contract which you digitally sign and you're done.
Finally, you'll receive your money via Interac e-Transfer which can be automatically deposited in your account. In Toronto, you can digitally sign the loan contract 24 hours a day.
Toronto, Ontario is the largest city in Canada. When you take into account the whole of Metro Toronto, it's one of the largest metropolitan areas in the world. Bordering the great lakes, Toronto is a cosmopolitan city and an international centre of finance, arts and culture. With so many things to do in this great city, its inhabitants are rarely bored but all this culture and consumption comes with a steep price tag. You can go down to W Burger Bar and find Kobe Burgers on the menu for $18.99, and average rent for a one-bedroom apartment is $2,300. With the cost of living around here, you've got to have some income.
Fortunately there are a lot of jobs available in Toronto, with unemployment hovering under 7% at the moment. Even with a steady income, paying your bills, feeding yourself, and having some cash left over for relaxation can be a stretch. When a cash crunch happens and you need money for an emergency -- flat tire, leaky roof, in-laws coming from out of town without warning -- where do you turn? My Canada Payday can be the solution to your prayers with our instant online payday loans in Toronto. You can finish the application and have the funds in your account in 15 minutes. You won't get quick cash like that at a bank.
Now you could head to a nearby pay day loan store and stand in line, but that takes time out of your day. Sure, Toronto is a major metropolitan area and there are more than a few payday loan storefronts available, but not a single one of them is as close to you as your computer is right now. Going through any other credit channel is going to take some serious time. A regular bank loan may take weeks. Pulling money out of an RRSP not only takes a huge tax penalty, but it's just bad financial practice. Credit cards take weeks to apply for. Title loans put you at risk of losing your vehicle, and then how would you get to work?
My Canada Payday will let you stay away from all these unpleasant solutions. For the majority of minor financial problems, we can assist you. Your money can be transferred into your account in around 15 minutes.
Be sure to look at the districts of Toronto that we serve. No matter where you live in the GTA, we are certain that you'll find our service to be the absolute best in class for Payday Loans Toronto. We also serve other areas of Ontario such as Brampton, Kitchener, Mississauga and Ottawa.
If you’ve ever tried to apply for a loan through a bank or a credit union, you know exactly how difficult it can be. You probably had to submit tons of paperwork, fill out forms, or meet strict requirements for income, debt, credit score, and even past borrowing history. With so many steps and restrictions, getting the loan you need can be tough—especially if you are a first-time borrower.
My Canada Payday is completely different. We make it easy to apply for your payday loan in Toronto by keeping our requirements simple, cutting through complications and helping more Canadians than ever get the funds they need!
Let’s take a look at what types of qualifications you’ll need to apply for a payday loan as a Toronto resident:
The minimum age requirement for getting a payday loan in Toronto is eighteen. As long as you are 18 years of age or older, you are eligible to submit an application with My Canada Payday.
As part of our application process, we require at least 180 days of banking history. As long as you have maintained a bank account for at least six months, you’re in the clear. We’ll ask you to submit proof of banking history from the past six months through our secure My Canada Payday application—so your personal information will never be compromised.
Do you live and work in Toronto? Are you getting paid on a regular schedule? Are your paycheques automatically deposited into your account or sent via cheque? If so, then you are all set to submit your application to My Canada Payday. In most cases, you’ll be able to prove that you have steady income by sending screenshots of your bank account through our secure app. Depending on your unique financial situation, we may ask for some supplemental documentation, such as a voided cheque, recent paystubs, a utility bill, or another proof of address.
If qualifying for payday loans in Toronto sounds simple, that’s because it is—our goal is to get you the money you need, without all of the unnecessary hassle that traditional lenders come with! My Canada Payday makes it easy for anyone to get the funds they need, regardless of lending experience, credit scores, or income.
The main thing for us is that you've got some regular income, so an employer or a pension generally. Besides that, we're going to need to look at your bank account (easy to submit online, only takes a few minutes), and you'll need to be 19 or older.
We won't ask you to FAX us any documents, and we won't ask you to come down to our storefront to sign papers. We've actually heard of online lenders that ask customers to go to their storefronts -- hard to believe for sure. We are totally committed to making borrowing easy, so we would never do that.
Most of our customers like to pay off their payday loan on the date of their next payroll. That's understandable, it's good to get debts taken care of quickly.
If that's not right for you, if you need a bit more time and want to spread it out over 2 or 3 payments that isn't a problem. Contact our staff and let them know what you want and we will be happy to help. Don't worry about paying more interest -- the amount you pay is the same no longer how many payments you select.
Other lenders would have you waiting hours or days to hear back, but for us it's so easy. We'll get you your funds fast, and that's a promise. From the time you accept the contract, usually the money shows up in your bank account within 5 minutes.
You've heard what we can offer: in only a few minutes you can apply, get approved, and get funded with one of our payday loans.
Whatever your financial difficulty is, it can be a thing of the past in no time at all. Whether you're fixing a flat tire or just going out to see the Toronto Maple Leafs at Scotiabank Arena, we've got your back.
Throughout the GTA, from Peel to Durham, from York to Halton, My Canada Payday is your number one choice for short term fast loans.
Yes, we offer online payday loans for pension income. Any kind of regular income can be considered for a loan. That's what our main criteria is for issuing a loan is having regular income.
My Canada Payday is open 7 days a week, so you can get a loan whenever you need one. Our (virtual) doors are always open for you. Additionally, our loan delivery service that sends out the funds by Interac e-Transfer operators 24 hours a day for your convenience.
Absolutely. Not only are we 100% Canadian, we have a call centre close to Toronto in Barrie. You may also end up speaking with our staff in Surrey, BC, or Dartmouth, NS.
We have been offering payday loans Toronto for about 9 years, so we have a long history with the province of Ontario. Over 200,000 customers have applied for a loan from Ontario since we started operations here in 2011.
Our loans in Toronto can be as high as $1500, although they must be under 50% of your expected paycheque. Typically for a first time borrower you will get up to $500, but on subsequent loans your limit will be increased.
Our rates are very competitive. In Toronto we charge $15 per $100 borrowed. Among all our competitors in the GTA, you won't find many, if any with lower rates.
Without question, you can get a cash advance with us. A cash advance is just another way of saying payday loan, and we've got you covered on that.
Usually on the next payday, but we can be flexible on this point. If you want to spread it out a bit just let us know and we'll help you do that. It's usually possible to spread your loan over 3 payment periods.