Payday Loans Ontario

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

3 Simple Steps From Application To Deposit

3 Simple Steps From Application To Deposit

Application Form

Take five minutes to fill in the application form and send over your banking details.

Wait For Acceptance

Our system will analyze your application and generate a result. If you pass, you'll get a contract that you can digitally sign.

Deposit The Transfer

It only takes a few minutes to deposit the e-Transfer. If you have auto-deposit set up with your bank, it'll be even faster.

Online Payday Loans in Ontario

My Canada Payday is the number one online lender in Ontario.  We're also Canadian owned and operated with offices in Ontario, British Columbia and Nova Scotia.

If you need cash right now, and waiting for your next payroll isn't an option, what can you do?  Here are a few options:

  • Look into making use of a post-dated cheque
  • You may speak to your boss about for an early paycheque
  • Talk to the bank to apply for some credit
  • You could consider asking friends and family (Sometimes the cheapest option).
  • You can clear out an RRSP and suffer a considerable fee

These options may not be suitable for your unique situation though, which can be a problem. Quick cash is generally something that is harder to find. You’d rather not bother people, asking them to borrow cash because this can make you feel embarrassed.

Instead, stop stressing.  There is another option. Because we're an online lender, you can get a loan with My Canada Payday no matter what part of Ontario you live in.  We are online so if you want a payday loan in Toronto we can help, just like we can if you need a loan in Thunder Bay. Just as long as you are employed, you qualify for a loan with us.  The entire process of filling out the application form should take less than five minutes.  The whole application and approval process should take less than 30 minutes.

This means quick instant cash when it is needed and no stressing over where you’re going to get it from.

Why not try other credit options?

  • Pay off daily house expenses, bills, mortgage or car payments, groceries, and more
  • Use the loan to pay for home or car repairs.
  • Go on a vacation (Sometimes a break is just necessary).
  • Supplement for a party or event (These can be so financially unpredictable).
  • Use it as a holiday advance and take a local trip.

Many people choose payday loans over other lines of credit because they do not require the borrower to have a high credit score. As mentioned above, you only need a job to pay back the amount that you borrowed.

Our Simple Process

Tired of spending hours gathering paperwork, filling out forms, and standing in line to talk to a loan officer—only to wait weeks for a decision on your loan? We hear you. Getting a loan shouldn’t have to take up your entire day, and it shouldn’t be stressful. That’s why we made it as simple as possible! Here’s how the process of getting a payday loan with My Canada Payday works:

  • Fill out an application online
    Our applications are 100 percent online, so you can apply for a loan whenever you want—whether it’s 2 PM or 2 AM. So as long as you have a steady internet connection (and 15–30 minutes to spare), you can apply for a loan. Fill it out while you are waiting in line at the grocery store, eating dinner, or relaxing on your couch during commercial breaks. Best part, you can do it 24 / 7.

  • Get fast approval
    Let’s face it: our lives are hectic and stressful enough without having to sit around and wait for loan approval. If you’re tight on cash and have deadlines coming up, it can be nerve-wrecking not to know if you’ll have the money you need—and no one wants to spend a week in that gray area. That’s why we make borrowing funds as seamless as possible. Our fast approval process means you will get an approval decision on the same day you apply, often in 30 minutes or less! Although we approve most people, it is not guaranteed for all.

  • Speedy loan disbursement through secure EMT bank transfers
    The great thing about dealing with us is that once you’re approved, you’ll get access to your funds as soon as possible. Your loan will hit your bank account within minutes! EMT bank transfers allow for quick, secure transfers, keeping your money (and your financial health) safe every step of the way. Commonly known as an e-transfer. It's nothing new.

  • Automatic payments on your paycheque schedule
    Payday loans are designed to be paid back on your next paycheque—but what if you want to wait until two paycheques from now? With My Canada Payday, you can choose your repayment terms! We know that everyone’s paycheque schedule is different, which is why we give our borrowers maximum flexibility in their repayment terms.

How to Qualify

Qualifying for a payday loan is easier than you think with My Canada Payday. We believe that eligibility shouldn’t mean having a perfect credit score, thousands of dollars in the bank, or a spotless borrowing history.

We pride ourselves on keeping it simple, straightforward, and easy for our borrowers.

These are our requirements:

Be at least 18 years old

The minimum age requirement for a payday loan in Ontario is 18—so as long as you can prove that you are 18 years old, you are eligible to fill out an application.

Have six months of banking history

During the application process, you will be asked to show at least 180 days of banking history. In some cases, we might also ask for a copy of a voided cheque, recent paystubs, a utility bill (or another proof of address), or a direct deposit authorization form. Keep in mind that your application will be reviewed on an individual basis, so you may not need to send any additional documents at all—it all depends on your unique financial situation.

Have proof of steady employment

As long as you are employed, and are receiving regular direct deposits from that job—you can apply for a payday loan with My Canada Payday!

Please note that we are not currently lending to self-employed or unemployed applicants.

You might be asking, “What about my credit score? Does it matter if I have high or low credit?” Not with My Canada Payday! Unlike traditional financial institutions, such as banks and credit unions, we don’t require our applicants to have a perfect credit score. If you are still working on building your credit, don’t worry—you can still apply. You can also borrow till payday.

We recommend that you borrow responsibly

  • Always borrow within your means, no more than you can afford to pay back
  • Never borrow money under your name for someone else
  • Always make sure to borrow only what you need
  • Repay the loan on time, every time you borrow
  • Do not take out more than one loan at a time
  • Know who you are borrowing from, so you get the best possible loan terms and rates

Why Choose Us

From Ottawa to Toronto (and everywhere between), Canadians love partnering with My Canada Payday. There are plenty of reasons to love us but here are some of our favourites:

  • We’re 100 percent Canadian owned and operated
    As a Canadian-owned company, My Canada Payday is proud to be part of the local Ontario community. From upper management to loan officers to customer service, everyone who works at My Canada Payday is from (yep, you guessed it) Canada. That means you’ll never have to worry about being re-routed overseas when you call or email us; you will always have a friendly Canadian voice on the other end!

  • Our customer service is the best in the industry
    Loan companies aren’t always known for having great customer service—but My Canada Payday is. Our customer support team is among the best in the industry, always at the ready to help borrowers with their most pressing questions. It’s a big reason why we have so many customers that come back time and time again to re-borrow. It's why we have so many five-star reviews!

  • We make it easy
    With My Canada Payday, borrowing money has never been more convenient. From our online application process to our quick approvals and seamless fund transfers, every step of our process is designed to ease the stress of borrowing and help our customers get the loan they need—exactly when they need it!

Ready to get started with My Canada Payday?

Go ahead and fill out our simple, online application if you think getting a payday loan is right for you.

If you want to get some more information, give us a call at (604-630-4783) or shoot us an email (

For information on the rules and regulations, check here.

Additional information:

Frequently Asked Questions

Q: What are the requirements for getting a loan?

The main requirements are straightforward:

  1. $1000 per month in income.
  2. 19 years of age or older.
  3. You must live in Ontario.
  4. You must have a bank account with online banking turned on.
  5. You must have some form of regular income, such as a job or a pension.

Q: Can I get a loan with bad credit?

Yes, you absolutely can. Having bad credit won't prevent you from getting a loan. We are much more concerned with whether you have regular income today, and we are less concerned with what you were doing years ago.

Q: Can I get a loan with no credit?

Unlike normal banks, we don't require that you have an extensive credit history. It's a kind of catch-22 that banks put people in, demanding they have credit before giving credit -- we don't operate that way, we really just need to know that you've got some regular income in order to give you a no credit payday loan.

Q: Can I get a payday loan in Ontario on the weekend?

For sure, unlike banks we are always open 7 days a week including holidays. Being open is pretty much the number one job when it comes to customer service.

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.