Payday Loan Lenders in Canada

We rank lenders using structured criteria: total cost transparency, provincial licensing verification, approval likelihood based on your profile, term/amount fit, and user experience signals. We disclose all affiliate relationships and explain our comparison methodology on our methodology page.

No. Credizen is a comparison platform that helps you understand and compare options. You always choose whether to proceed with a lender, and you can visit lender websites directly if you prefer.

Verify: (1) Provincial license (check your province regulator website), (2) Total repayment cost including all fees, (3) Repayment schedule and due date, (4) Late payment penalties, (5) Privacy policy and how your data is handled. If unsure, borrow a smaller amount or consider alternatives like employer advances.

Direct lenders (like Money Mart, easyfinancial) fund loans directly from their own capital. Brokers (like LoansCanada, Borrowell) connect you with multiple lenders but don't fund loans themselves. Brokers can increase approval odds by matching you with multiple lenders, but direct lenders often process applications faster.

Yes. We only list FCAC-compliant lenders that are licensed in the provinces they serve. You can verify any lender's license through your provincial regulator's public database (links available on each province page).

Costs vary by province: $15 per $100 borrowed (391% APR) in Ontario, BC, Alberta, Nova Scotia; $17 per $100 (442% APR) in Manitoba, Saskatchewan; $21 per $100 (456% APR) in Newfoundland & Labrador. Quebec caps all consumer loans at 35% APR. Always compare total repayment cost, not just the advertised rate.

Online applications are typically approved in 15 minutes to 2 hours during business hours (9 AM - 5 PM Mon-Fri). Funds usually arrive same-day via Interac e-Transfer if you apply before 2 PM EST/PST. Weekend applications are processed on the next business day. In-person branch applications may take longer.

Many Canadian payday lenders approve borrowers with poor credit or no credit history. They focus on your current income and ability to repay, not your credit score. However, approval is not guaranteed, and you should only borrow if you can afford to repay in full on your next payday.

Typically: (1) Valid Canadian ID (driver's license, passport, or provincial ID), (2) Proof of income (recent pay stub, bank statements, or employment letter), (3) Active Canadian bank account (for direct deposit), (4) Proof of address (utility bill or lease agreement). Requirements vary by lender and loan amount.

Yes, if you use licensed lenders. Verify: (1) Provincial license number on lender website, (2) HTTPS secure connection, (3) Clear privacy policy compliant with Canadian privacy laws (PIPEDA). Never share banking credentials or pay upfront fees. All lenders on Credizen are verified FCAC-regulated providers.