Payday Loans Toronto, ON

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

Payday Loans in Toronto, Ontario

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 provide an instant solution to your problems 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 payday 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.

Why Choose My Canada Payday?

  • Cash transferred by Interac gets there as fast as 15 minutes
  • We're a local business in the Toronto area -- you're dealing with Canadians, not a multinational.
  • Absolutely no questions, we won't pry into what the cash is for. You could be using it to go shopping at St. Lawrence Market or Yonge Street, or fixing a flat tire. It's all up to you.
  • Our provincial permit ensures reliability
  • The loan transferred by Interac e-Transfer
  • Applications approved speedily by trained personnel
  • We don't require a fax. In other words, we offer 100% no fax payday loans.
  • We ensure that your information is encrypted with high grade security

Getting A Payday Loan is Simple and Easy

  • The application form takes about 5 minutes to complete
  • Cash is deposited direct to your bank account
  • Your payment is taken automatically

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.

Qualifications to Apply for Your Payday Loan

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 Ontario 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:

19 years of age

The minimum age requirement for getting a payday loan is nineteen. As long as you are 19 years of age or older, you are eligible to submit an application with My Canada Payday.

Proof of banking history

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.

Steady, local employment

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 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.

Best Payday Loans in the GTA

Bad Credit is OK for Payday Loans in Toronto

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.

Online Payday Loans Toronto

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.

Flexible Payment Plans

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.

Instant Payday Loans in Toronto

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.

What Are You Waiting For?

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.

FAQs About Payday Loans in Toronto

We'll try to answer the most common questions right here about getting a loan in Toronto, but if you have a question that we don't cover here then please email us, phone us, or hit us up on live chat.

Can I get a loan on pension in Toronto?
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.
Can I get a weekend loan in Toronto?
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.
Are you based in Canada?
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.
What are the prerequisites for borrowing in Toronto?
  1. Aged 19 or older.
  2. You need steady income.
  3. Online banking access in your bank account.
  4. You have to live in British Columbia, Alberta, Manitoba, Saskatchewan, Ontario or Nova Scotia. If you live in Toronto, that one's taken care of.
  5. You'll need to have an email address for obvious reasons.
  6. A Canadian bank account.
  7. An income of $1000/month or more.
  8. Bad credit is fine, we know how it is.
How long have you been in business?
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.
How much can I borrow?
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.
What interest rate do you charge?
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.
Can I get a cash advance in Toronto?
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.
How soon do I have to pay off my payday loan?
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.
We also offer payday loans in Mississauga, Brampton, Vaughan, Markham, Oakville, Richmond Hill, York, Pickering, Ajax, Newmarket, Aurora, Whitchurch-Stouffville, Gormley, King City, Nobleton, Caledonia, and St George.

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.