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Payday Loans in Ontario

Compare FCAC-regulated payday lenders in Ontario. Find fast approval loans with transparent costs and provincial protection.

Population
14,826,276
Maximum Loan
$1500
Maximum APR
391%

Ontario Payday Loan Regulations

Payday loans in Ontario are regulated by FSRA. Maximum $1,500 with cost of $15 per $100 (391% APR). Borrowers have 2 days to cancel without penalty.

Regulator: Financial Services Regulatory Authority of Ontario (FSRA)
Cooling-Off Period: 0 days
Rollover Allowed: No
Maximum Term: 62 days
Visit Financial Services Regulatory Authority of Ontario (FSRA) →

How to Get a Payday Loan in Ontario

  1. 1

    Compare Lenders

    Review our list of FCAC-regulated lenders operating in Ontario. Check APRs, fees, and approval times.

  2. 2

    Apply Online

    Complete the application form with your personal details, employment, and banking information. Most applications take 5-10 minutes.

  3. 3

    Get Approved

    Lenders review your application and provide a decision within 15-60 minutes during business hours.

  4. 4

    Receive Funds

    Once approved, funds are typically sent via Interac e-Transfer same-day or direct deposit within 1 business day.

Payday Loans by City in Ontario

Find licensed payday lenders in major cities across Ontario. Click on your city to see local options and compare costs.

Toronto
Pop: 2,794,356
Ottawa
Pop: 1,017,449
Mississauga
Pop: 721,599
Brampton
Pop: 656,480
Hamilton
Pop: 569,353
London
Pop: 422,324
Markham
Pop: 338,503
Vaughan
Pop: 323,103
Kitchener
Pop: 256,885
Windsor
Pop: 229,660
Oakville
Pop: 213,759
Richmond Hill
Pop: 202,022

Showing top 12 cities out of 129 total cities in Ontario.

Frequently Asked Questions

What is the maximum payday loan amount in Ontario?
In Ontario, the maximum payday loan amount is $1500 CAD. This limit is set by Financial Services Regulatory Authority of Ontario (FSRA) to protect borrowers from over-indebtedness.
What is the APR for payday loans in Ontario?
Ontario payday loans have a maximum APR of 391%. Payday loans in Ontario are regulated by FSRA. Maximum $1,500 with cost of $15 per $100 (391% APR). Borrowers have 2 days to cancel without penalty.
How long is the cooling-off period in Ontario?
Ontario provides a 0-day cooling-off period, allowing you to cancel your payday loan without penalty within 0 days of signing.
Who regulates payday loans in Ontario?
Payday loans in Ontario are regulated by Financial Services Regulatory Authority of Ontario (FSRA). You can verify licensed lenders at https://www.fsrao.ca/
Can I get a payday loan online in Ontario?
Yes, many FCAC-regulated lenders offer online payday loans to Ontario residents. Applications are processed 100% online with same-day approval and Interac e-Transfer disbursement available.
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